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Stocks plunge on Italian worries – it’s happening

Here we go. What economists were saying all the time and the markets were successfully ignoring has happened this morning. As I wrote in my previous posts, the Italian bonds raised at 7.4% rate which is not sustainable for Italian economy to pay (Italy’s budget can afford paying a rate around 4.6% only). Italy at this point is a hot candidate for a bailout from EU. That will sink stocks even deeper.





4 responses to “Stocks plunge on Italian worries – it’s happening”

  1. Emilio Levesque says:

    what goes up comes down

  2. Jim says:

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  3. Betty says:

    Do you follow any energy? I’m always on the lookoutfor new investments. Check out my blog if you want to exchange ideas.

  4. Jack says:

    How come that nobody was worried about stocks last Friday?

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