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Angela Merkel has insisted Germany will not sanction the issuing of eurobonds – in a move that could trigger another unsettled day on global markets.
The German Chancellor said the issuance of eurozone-backed bonds was “exactly the wrong answer” – despite warnings that it is the only move that will calm stricken markets.
Ms Merkel told German television yesterday: “The markets want to force us into doing certain things – and that we won’t do.” She added: “Politics cannot and will not simply follow the markets.”
Originally posted by St Udio
anyone else going to compete in the CNBC million dollar portfolio challenge
belly up guys & gals, begins September
Originally posted by mossme89
reply to post by OuttaTime
It truly is a negative feedback loop. The corporations are scaling back, which usually leads to people getting laid off, which then makes the economy worse, and more lay-offs.
On another note, gold & silver are rising still which means investors aren't sold on this rally.
Originally posted by OuttaTime
Asia closed flat (or down). Europe closed flat, and the US is flatlining. Gold near $1900/oz and trading is volatile and aggressive. This is getting interesting.......