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Wednesday, February 11, 2009
European bank bail-out could push EU into crisis
It is now estimated that European banks have $23 trillion in bad loans. How far is our Fed prepared to go to support them?
The euro is facing a crisis. If you are not short this currency do yourself a favor and open a forex account somewhere and start building a short position. This could make England's move out of the ERM back in 1992 look like a hiccup in comparison.