Lehman Brothers type in Europe

oldpigwang

Things got worse in a hurry as word came out that a leading European Central Bank economist, Jurgen Starks, was resigning over differences on recent bond buying activities from weaker nations. This only adds to investor fears that we are on the verge of a Lehman Brothers type event in Europe which will send shockwaves to other major economies including the US. And that fear makes it nearly impossible to see anything positive taking place in the US even though many economists recently raised (yes, raised) their Q3 GDP estimates for the states.
Volatility will be the name of the game until the European mess is fully understood and hopefully contained.

wyjhyd