Thursday, November 17, 2011

Europe; a short word

US banks are dumping European exposure.

This is why you are seeing EZ spreads blow out. This is good for US banks

However...I will be looking at shorting USTs. The U.S hasn't escaped from this unscathed. We have just been lucky in that Europe is the browner turd in the punch bowl.

I'll be watching for now...closely.

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