World Markets Are In The Perfect Storm
Once again, the problems in the European Union are popping up everywhere. The European markets are trading sharply lower today as yields on Italian debt surge over 6.0 percent. This is telling us that the market place does not believe that this bailout plan will work. Greece is also throwing a monkey wrench in the plans by voting again to approve the austerity measures, this stuff cannot be made up. This vote by the Greeks puts the French and the Germans in a very strange position. This feels like an unraveling of the European Union as we know it.