Monday, March 18, 2013

Monday evening


Thanks Beagle ;-)

Monday afternoon


Monday morning


The national flag of Cyprus

Cyprus is a tiny little island nation just east of Greece, whose GDP is probably less than that of Mississippi.  However, they borrowed a lot of money from the European Union (i.e. Germany).  And now the banksters want their money back.

Proposals are afoot to confiscate 6.75% of Cypriot bank accounts less than 100,000 Euros ... and 9.9% over that.  Expect drama and rumors over the next few days.  Or weeks.  Or riots.  Or "suicides".  And there might be contagion issues.

... just in case you were wondering why the markets are, uh, upset.