Daily Reading on the Financial Markets: 11/16/11
Charles Hugh Smith asks: Why not just write off Europe’s bad debt? That’s how many past crisis’ have been solved – let the investor suffer the consequences of mis-priced risk. So far,the banking cartel has made this a non-option.
While U.S. equities continued their rally yesterday, Mike Riddell at Bond Vigilantes notes that the French yield continued to surge. Disconnect anyone?
Technical Analyst Chris Kimble notes that the US Dollar has rallied back up to a key resistance level.
MF Global looking to charge customers for finding their money? Really??
Zero Hedge notes that European funding issues are escalating.