For the Europe Crisis, is there a back door run on the banks?? Found this article fascinating for those looking into 2012 for some near-term direction. Looks like we have enough gas to make it to the Nov presidential election.... then its anyones guess. I'd like some buyout cash to make some move next year ;)
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Italy's planned ban on cash transactions over 1,000 euros, or about $1,300.
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French, Spanish, and Italian banks have run out of collateral and are now pledging real assets.
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Swiss officials are preparing for the end of the euro with capital control measures.
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Europe's CEOs are actively preparing for the end of the euro despite governmental reassurances.
http://www.businessinsider.com/more-signs-of-that-back-door-bank-run-in-europe-2011-12
Also:
I listened to this interview of Satyajit Das on the CBC yesterday. Some of the Macro-guys might find it an interesting summary of the world financial system.
http://www.cbc.ca/thecurrent/episode/2011/12/16/the-financialization-of-the-world-satyajit-das/
