But Cypress blowing up does harbor an interesting track for the EURO, and for those CONtries who use that note as their currency exchange.
I could extrapolate, and give my opinions on where that trajectory might be headed, but y'all don't wanna hear that possible scenario.
this is not much different then when the $1 of money markets broke a buck in Sept 2008. Get it yet? The next Financial crisis has begun only this is far bigger than what happened in 2008. They won't tell us until after the fact to prevent widespread panic in the global equity and bond markets but it will surely happen anyway. there will also be a multi-trillion derivative blowup this week. stay tuned.