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Interest rates on Spanish 10 year bonds rose to an apocalyptic 6.66%, or in other words, "Spanish Bonds, Meet Satan."
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| more ponzi, please |
Not to be outdone in the not so slo-mo descent of the Gadarene PIIGS into the fiscal pit, Greece's largest lender, National Bank, posted a Q1 loss of $666 million.
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| the fall of the swine |
Somehow the words of the Angelic Doctor, Aquinas, spring to mind (S.T., Q98, on the will and the intellect of the damned), "Although an increase in the number of the damned results in an increase of each one's punishment, so much the more will their hatred and envy increase that they will prefer to be more tormented with many rather than less tormented alone."
Rumours that European insolvency will have some sort of effect on the U.S. are entirely without any foundation whatsoever.
Carry on.
LSP
