The Game Is About DoneKarl Denninger November 23, 2011 It's pretty-much over at this point.... This morning Germany had a failed Bund auction. That's not particularly noteworthy; it happens from time to time. But what's noteworthy is what happened to bond yields everywhere through Europe in response: They blew out. The Greek and Italian "problem" is no longer about Greece and Italy. It has been creeping into Spain and more-recently France, but this morning jumped into Germany and everywhere else "all at once." Capital has said "no more" to the lies in Europe. While this does not mean an instant...