Got a chance to see Dark Shadows over the weekend and a few loved ones were falling off the cliff who could not break a witches spell!
Feel like the economy is like that right now right at the edge of the cliff under a spell of easy monetary policy by the world's central banks! On Friday, the market fell sharply as employment numbers in the U.S. remained weak, the German economy appears to be slowing along with China. Spanish rates jumped sharply to above 7% as European leaders said they have not reached a agreement to release the $100 billion to Spanish banks before July 20th.
In Germany, Merkel appears to be not only in hot water with other European leaders, but when she got home was blasted by other politicans. I was reading that Holland's leaders are not in favor of bailing out weaker European countries to hurt their credit ratings.
What we have is a cliffhanger!
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