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Sunday, July 1, 2012

European Bailout: Show Me The Money

Friday we ended the last trading day of June with a massive risk on rally in almost every asset class, specifically oil which launched almost $8, due to the news on the European bailout. I posted comments from Jim Rogers and Nigel Farage on what the bailout means for the markets in the longer term (beyond one day), and the following is a simple to understand walk through from Bloomberg on what actually took place. The host then also discusses what sort of problems may be ahead for Europe (beyond one day).