Markets on the brink again

I have written a follow up piece to this morning’s thoughts over at MACROBUSINESS where I look at the market dislocation this afternoon in Asia and early Europe.

Markets are in a funk because apparently 6 Spanish banks failed the stress test but equally because IMF boss Christine Lagard said that there were still issues to be resolved with Greece.

This is most unhelpful.

I have charts on the AUD and EUR which are worth a look.

Key thing for me – these are dangerous times for investors and with the new front opening in Italy policy makers desperately need to put the Genie back in the bottle.

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2 Comments on “Markets on the brink again”

  1. Mr Editor Says:

    And I thought that there would be a rally …

    Oh how the markets can surprise.

    Reply

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