by John Galt
July 6, 2012 07:45 ET
Think Europe is fixed? I’ll let these three charts from Bloomberg explain how this disaster is just now getting started.
And it is about to get a whole lot worse. Can you say PAIN boys and girls?
The 1 Year yield has bounced off its lows below the 0.00% mark and is now barely in positive yield territory:
Meanwhile in the rain in Spain, there is a lot of 10 year pain…..
This is going to end with Angela Merkel playing the role of Wile E. Coyote getting zonked with the anvil, unfortunately for hard working Germans it also ends with a Europe totally dependent on the Sino-Russian block for everything as the United States collapses also.