Monday, March 30, 2009

Spain Joins the Party

USA, UK, Ireland, Iceland, Germany and now Spain

Spain sports an unemployment rate of around 14%.

On a side note, I mentioned to a loyal reader on Friday that I believed a major U.S. bank (either Citi or BoA) would be nationalized within 45 days. It would be a major policy shift, but there is no choice. Target date: May 7, 2009.

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