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It's about confidence in EU leadership being able to resolve things. These developments undermine that confidence and suggest further instability in the most sensitive EU nations, too big to fail or bail Spain and Italy.2. Data Continues To Deteriorate, Risk Assets Resilient Or Finally Topping Out?The most'big picture' summary of what's moving markets is that technical resilience and medium term upward momentum remain intact as they have for months despite steadily deteriorating economic data in most of the developed world, while underlying fundamentals that drive a sustainable uptrend continue to worsen and erode that trend's credibility.EU: Central bank holding its much higher interest rates steady, and shrinking its balance sheet as banks repay LTRO loans, economic data is simply awful by most every measure even in core funding nations like France and Holland, never mind the usual horror show in the GIIPS block.http://www.bendtrapclub.com/cheap/ugg.asp?p=141http://southfloridanfp.org/coach/?key=mens-coach-wallet-outlet-61http://www.islandgreenclean.com/cheap/uggs.asp?p=57http://southfloridanfp.org/coach/?key=coach-purse-outlet-2http://caphsa.org/coach/?key=coach-outlet-handbags-2
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