Fast forward to at the moment and the question now could be what occurred? Effectively the stock markets took off like racing horses leaving the starting gate. Bouncing up and then down like crazy on the charts. At the similar time the rates on Spanish bonds dropped but soon regained their upward momentum and are back above 7 percent. How come? It’s not due to the Portuguese, Irish, Greek or Spanish financial institution bailouts because at this level there isn’t a strategy to save them.
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