We’ve been talking about this stuff for awhile now here on TRB, but no one was on top of the sovereign debt minefield like the Zero Hedge gang. In case you missed ignored it, they’ve basically been handing you what the market is awakening to now on a platter.
Bad news from Harrisburg, PA to Southern Europe to Los Angeles today. And those jobs numbers certainly didn’t help. We should be at roughly 0% employment by 2016 at this rate.
The Dow is down around 200 as we speak, flirting with the psychologically meaningful 10,000 level.
Here’s what you need to read…
Getting ugly out there, wear a helmet.