This is What a 21st Century Bank Run Looks Like…

19 Mar

Its all good until they come for your stuff…

Risk-Off, Reality-On

In Europe, it is worse as Portuguese, Spanish , and Italian bond spreads are snapping wider to post Cyprus wides; Spanish and Italian equity markets are tanking down 3-4% on the week; and GGBs are back under EUR50 – their lowest in 3 months. Gold and Silver are rising as Copper and Oil slide. Swiss 2Y rates are negative at their lowest in over 2 months. VIX is up 33% from Thursday’s lows and back above 15% – biggest 2-day jump since Nov 11.

Charts of the Day….Slippery Slope?

 

https://i2.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/03/20130319_upd5.png

 

“Europe is getting out of hand fast”

Zero Hedge

 

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