Tuesday, June 29, 2010
Phil Flynn: Is BP Too Big To Fail?
The dimension not only of sight and sound but of the mind and imagination, you are entering land and borrowing and illusion of cutting deficits. Beware you have entered the Euro Zone. The oil market seemed to have one eye on the storm had another eye on the Euro. The Euro really saw some pressure during the session as uncertainty about EU member nations ability to pay back debt became an issue. Dow Jones said the euro fell broadly Monday as worries mounted about financial system strains ahead of the expiry of a large scale European Central Bank lending facility later investors fear a liquidity shortfall. The euro fell to a fresh all time low against the Swiss franc and its worst level since November2008 versus the U.K. pound. It's clear now that.....Read the entire article.
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