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The Sovereign Debt Bomb Goes Off

By Ilene
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The Sovereign Debt Bomb Goes Off

Courtesy of Joshua M Brown, The Reformed Broker

We’ve been talking about this stuff for awhile now here on TRB, but no one was on top of the sovereign debt minefield like the Zero Hedge gang.  In case you missed ignored it, they’ve basically been handing you what the market is awakening to now on a platter.

Bad news from Harrisburg, PA to Southern Europe to Los Angeles today.  And those jobs numbers certainly didn’t help.  We should be at roughly 0% employment by 2016 at this rate.

The Dow is down around 200 as we speak, flirting with the psychologically meaningful 10,000 level.

Here’s what you need to read…

Hell Breaks Loose (Barrons)

Chanos on the China Farce (Zero Hedge)

Data Dump Worsens Market Mood (WSJ MarketBeat)

Dollar Rallies Back To July Levels As The Euro Crushed (Zero Hedge)

Everyone’s Freaking Out About Sovereign Debt (Clusterstock)

Getting ugly out there, wear a helmet.

*****

Across the Universe 

 

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