Europe: the crisis is not over--
1. The problem is not solved --An EU Summit mis-think: The pitfalls in official first-loss bond insurance | vox - Research-based policy analysis and commentary from leading economists: . . . Italy is a lot like Fukushima . . .
2. The markets know it --(watch the Italy/Germany spread)
But the stock markets went up Thursday you say? The stock markets today are full of traders and speculators--if you're an investor, it's best not to hang out in bad neighborhoods!
