Cramer Predicts Bank Runs In Spain And Italy, Financial Anarchy Throughout Europe

Submitted by Michael Snyder of The Economic Collapse blog,

  This week is options expiration week: the week in which various call and put positions will expire. Wall Street is notorious for using these weeks to gun the markets this way and that in order to insure that the greatest number of puts and calls expire worthless. So expect the market to be even more volatile than usual this week.   Outside of this, the investment world is slowly emerging from its Central Bank policy induced stupor to realize two of our long-standing themes:  

There's a bid debate going on in the world of financial media about what really is news and what really is just entertainment. Scratch that, it's a debate going on in all media.

Michael Shulman submits: The twenty-seven members of the EU and ostensibly approved a 750 billion euro (905 billion dollar) rescue package to “shock the shorts” and stabilize currency and sovereign debt markets. The relevant nations also gave the European Central Bank (ECB) the wherewithal to buy sovereign debt to stabilize markets. But the ECB and its 16 members and the EU (and its larger group of 27 member nations) and Humpty Dumpty cannot put trust back in the debt markets. Why?

Submitted by Michael Snyder of The Economic Collapse blog,

Reader Toney writes ... Hello Mish, Please consider writing a piece on your blog explaining why EUR USD is not more eroded.  It would seem that given the Euro zone's current troubles, the Euro would not have remained as strong as it has. I read your blog religiously. Thanks Toney Hello Toney, I would not exactly call 1.23 "strong" but certainly there is room to fall. So why is the euro just sitting? Technical Discussion

Reader Toney writes ... Hello Mish, Please consider writing a piece on your blog explaining why EUR USD is not more eroded.  It would seem that given the Euro zone's current troubles, the Euro would not have remained as strong as it has. I read your blog religiously. Thanks Toney Hello Toney, would not exactly call 1.23 "strong" but certainly there is room to fall. So why is it just sitting?