Is it like the Letter to Garcia...or the Scarlet Letter?....or the Letter to Three Wives?
Breathlessly awaiting.....
Leni
what is the euro currency doing? with this type of news it should be crashing.
“So far, U.S. markets don’t seem to care”
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The DJIA is just re-arranging the deck chairs right now..... before the lifeboats get lowered.
“trigger a credit event”
This is the big danger.
A “credit event” is what set off our current great recession.
In our case it was Lehman Brothers’ bankruptcy.
While letting Lehman Brothers fail didn’t seem that significant, it triggered massive liabilities in the Credit Default Swaps market which spread throughout banks and financial firms all over the world.