It has been a few months since everyone was throwing the word "contagion" around just to sound smart. Prepare to get a whole lot more of that. PIIGS CDS are now at a fresh all time record, way wider than during the May days that lead to the flash crash and Greece's bankruptcy.
All this means that the fair value of the market is now...
Read full article (with chart)...
More on the euro crisis:
Return of the euro crisis: Irish yields are exploding higher
The Greek bond selloff could mean trouble for U.S. stocks
You can profit from the euro collapse without touching the dollar
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