Friday, October 7, 2011

Euro Plunges On Fitch Double Tap, Comments From Merkel

In another theater of the absurd example, there are analysts out there who are actually claiming they didn't see this coming:  the downgrading of Spanish and Italian sovereign debt by the credit ratings agencies.  Really? 

http://www.zerohedge.com/news/euro-plunges-fitch-double-tap-comments-merkel

http://www.zerohedge.com/news/and-spain-fitch-downgrades-spain-aa-aa-two-notch-cut-outlook-negative 

http://www.zerohedge.com/news/fitch-downgrades-italy-outlook-negative

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