Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Dow Futures Off 120, Yields Higher Across Europe, Awful Economic Data, German Bond Auction Flops

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Joe Weisenthal
Business Insider
November 23, 2011

ORIGINAL POST, SEE BELOW FOR UPDATES: This is becoming a bad nightmare, where every day is the same as the day before, with no progress, no change, and politicians using the same tired lines they’ve been using forever.

Today Angela Merkel is out talking about the need for political “reform” in Europe, as if that’s something new, or is if that would solve the crisis at this point (it won’t).

Naturally, yields are wider across the board. The yield on the Italian 10-year is back above 6.9%.

The French-German 10-year spread is wider once again.

A series of Eurozone PMIs confirm more contraction.

US futures are down, though by a bit less than they were last night. Currently S&P futures are pointing to a decline in the neighborhood of 0.6%.

UPDATE 5:25: We’ve had a string of more negative developments, most notably in Germany where a bond auction just went very poorly, shocking everyone. You don’t see this very often, on “risk off” days, that yields on Bunds are higher.

  • A d v e r t i s e m e n t

Meanwhile, Eurozone industrial orders, we’ve now learned, COLLAPSED in September.

Dow futures are now off 120.

Update 6:08: Meanwhile, for some interesting insight into what’s going on in Belgium, see here.

This article was posted: Wednesday, November 23, 2011 at 4:30 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Mystery Surrounds Weird 'Tree' Cellphone Tower in NC See the rest on the Alex Jones YouTube channel.

Obama Invades Africa Under Ebola Smoke Screen See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.