Daily Reading on the Financial Markets: 11/30/11
Zero Hedge provides the rumored “final” details of the proposed EFSF fund.
Zeus Yiamouyiannis, on Of Two Minds, on why mass debt forgiveness is both inevitable and necessary for the global economy to revive. That was part 1, here’s part 2.
At Business Insider, Joe Weisenthal points to strength in detestable Gilts as the ultimate evidence that being the monopoly supplier of a currency is the key. You listening, sovereign bond-servants of the EU?
Michael Comeau at Minyanville points to a few good reasons that class warfare deserves to thrive in the good ‘ol U.S.A.
PragCap notes that the most recently Quarterly report from the NY Fed shows consumer deleveraging continues.
Also from PragCap, John Taylor – the world largest FX manager – appears to Bloomberg to talk about the Euro’s “death struggle.”