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STUPID Nations See Risk Surge To Post March 2009 Highs

Courtesy of Tyler Durden

The prophetic STUPID sovereign index (Spain, Turkey, UK, Portugal, Italy, Dubai) is now at 250 bps, having surged by over 50 bps in a few days. At this rate we may soon take out the 370 bps all time record high last seen when the world was ending in March 2009. Alas, with the IMF and the ECB’s total failure to prevent contagion, this is more than a distinct possibility.


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