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Thursday, May 31, 2012

Sprott Asset Management - The Real Banking Crisis Part 2

Here we go again. Back in July 2011 we wrote an article entitled "The Real Banking Crisis" where we discussed the increasing instability of the Eurozone banks suffering from depositor bank runs. Since that time (and two LTRO infusions and numerous bailouts later), Eurozone banks, as represented by the Euro Stoxx Banks Index, have fallen more than 50% from their July 2011 levels and are now in the midst of yet another breakdown led by the abysmal situation currently unfolding in Greece and Spain.


EURO-STOXX-BANKS-chart.gif

Link to full article: http://sprott.com/markets-at-a-glance/the-real-banking-crisis,-part-ii/

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