The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label unicredit. Show all posts
Showing posts with label unicredit. Show all posts

Thursday, January 5, 2012

Euro falls below 128 as Italian econic crisis grows

The Euro has dropped more than 2 points over the past two days, to fall to a nominal low of 127.90 as new out of Italy led to the halt of Unicredit in overnight trading.

Following the 4th unhalt of UniCredit, its stock is now down 15% on the day as it scrambles to catch up to the fair value represented yesterday courtesy of the rights offering to be about 43% below the market price. As a result while the robotic decoupling in the US continues, as somehow America is supposed to be able to import and export from and to itself and completely ignore that it has about $3 trillion in European bank exposure, the EURUSD has just dipped to below 1.28 for the first time in over a year. - Zerohedge

In tandem, the dollar has risen more than .78 points to rise towards the 81 barrier on the index, and create a stronger scenario for the Fed to start warming up the printing presses.  US exposure to Euro banks assures that the US central bank will have little choice but to intervene at some time in the future to protect its own banking interests.