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Global Contagion
Doug Noland
11/25/2011
www.prudentbear.com
The global Credit crisis took giant leaps forward this week. With even the euro region’s depleted “core” succumbing, crisis dynamics are now anything but isolated to “periphery” markets and economies. German yields rose after Tuesday’s “disastrous” 10-year bund auction failure. Italy struggled to sell short-term debt, with 6-month bills sold today at 6.50%, up dramatically [...]
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