Monday, November 28, 2011

So You Wanna Play, Huh? Howa 'bout dis? Try dat on fer size! (BusinessInsider)

"We could have the Fed cut the USD swap lines with the ECB effective immediately. This would accelerate the game of chicken to the point where a euro financial market crash is basically hours away. Either the ECB monetizes and they begin to issue Eurobonds or the entire Eurosystem falls apart - its that simple. "
How The Fed Could Force A Euro-Crisis Solution In Just A Matter Of Hours - Jefferies strategist David Zervos

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