Thursday, June 4, 2009

Just When You Thought It Was Safe...

Latvian Debt Crisis Shakes Eastern Europe

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5438615/Latvian-debt-crisis-shakes-Eastern-Europe.html


European Banks in Spotlight as Baltic Crisis Hits Sweden

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5446658/European-banks-in-spotlight-as-Baltic-crisis-hits-Sweden.html

More debt markets collapsing.....I can hear you now: Latvia ? Sweden? How can this really be a problem? Umm, remember this: sub-prime is the only problem, all else is contained.

A lack of liquidity is not what the world needs right now.

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