Some of us understood the folly of the FED and reckless .gov spending many years ago, and got into 'things' with what we managed to get out with. The many, however swallowed the media line..

This event will rapidly escalate worldwide and will result in what voting could never do, ie. upset the applecart of the .gov. The next few months will NOT be pleasant for those who are incapable of producing anything, such as government workers and politicians.

Joe sixpack has suffered through the mess as .gov continued to steal his essence, and now, we will witness the agony as millions of .gov employees see their jobs and benefits dissapear also...
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Europe’s bank index has posted its longest weekly string of losses since 2008

Dark clouds are gathering around Europe’s banking sector.

European banks have been caught in a perfect storm of market turmoil, lately.

Lackluster profits and negative interest rates, have prompted investors to dump shares in the sector that was touted as one of the best investment ideas just a few months ago.

“The current environment for European banks is very, very bad. Over a full business cycle, I think it’s very questionable whether banks on average are able to cover their cost of equity. And as a result that makes it an unattractive investment for long-term investors.”

Peter Garnry, head of equity strategy at Saxo Bank.

The region’s banking gauge, the Stoxx Europe 600 Banks Index FX7, -5.68% has logged six straight weeks of declines, its longest weekly losing stretch since 2008, when banks booked 10 weeks of losses, beginning in May, according to FactSet data.

“The current environment for European banks is very, very..

http://www.marketwatch.com/story/why-a-selloff-in-european-banks-is-ominous-2016-02-07