On The Massive Signal Failure In European Markets

European financial markets are still “partying their heads off,” notes Punk Economics’ David McWilliams, as even countries like Italy, Spain, Greece, and Ireland “are issuing more and more IOUs at lower and lower interest rates, ” as investors “drunk on years of easy profits, seem to think that risk has all but disappeared.” They are wrong!

This post was published at Zero Hedge on 09/10/2014.