Interbank credit default swap prices rising to records. The 2008 banking crisis was provoked by US real estate financing profligacy. I'm afraid that a 2010 panic could be provoked by multiple European countries tipping into the toilet. Even if it doesn't happen today, it will definitely happen in the next few years.
And then the consequences of decades of governmental lies and fraud (aka Social Democracy or the Welfare State) will come tumbling out of the closet, onto our children.
What a stinking mess we've made for ourselves. Chaos as far as the eye can see and a "True Believer" at the wheel. Perhaps it's payback for all the good years we've had.
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