{"id":16711,"date":"2016-01-20T13:05:24","date_gmt":"2016-01-20T18:05:24","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16711"},"modified":"2016-01-20T13:05:24","modified_gmt":"2016-01-20T18:05:24","slug":"italy-greece-financials-crash-as-european-stocks-peripheral-bonds-plunge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16711","title":{"rendered":"Italy, Greece, Financials Crash As European Stocks, Peripheral Bonds Plunge"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2016-01-20\/italy-greece-financials-crash-european-stocks-peripheral-bonds-plunge\" target=\"_blank\">Italy, Greece, Financials Crash As European Stocks, Peripheral Bonds Plunge<\/a><\/h3>\n<div class=\"tabs\">Led by a broad-based\u00a0<strong>collapse in financial stocks<\/strong>, European markets extended and accelerated their plunge today. Thanks to the increased systemic linkages enforced by The ECB,\u00a0<strong>peripheral sovereign risk is spiking\u00a0<\/strong>as their national banking systems crash.\u00a0<strong>Every European nation is now in at least correction since the end of QE3<\/strong>.<\/div>\n<div class=\"node\">\n<div class=\"content\">\n<p>Europe crashed today&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160120_EUEOD1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160120_EUEOD1_0.jpg\" alt=\"\" width=\"600\" height=\"307\" \/><\/a><\/p>\n<p>Led by utter carnage in financials&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160120_EUEOD4.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160120_EUEOD4_0.jpg\" alt=\"\" \/><\/a><\/p>\n<p><em>(note that thanks to Draghi&#8217;s liquidity spigots financial credit remains suppressed -for now &#8211; relative to equity. We do note that Sub financials credit is blowing out)<\/em><\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160120_EUEOD5.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160120_EUEOD5_0.jpg\" alt=\"\" \/><\/a><\/p>\n<p>And every EU nation is now in at least a correction since the end of QE3 (Italy, Spain, and Greece in bear market)<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160120_EUEOD2.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160120_EUEOD2_0.jpg\" alt=\"\" width=\"600\" height=\"312\" \/><\/a><\/p>\n<p>And as EU financials tank, so sovereign risk soars for peripheral nations&#8230;<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160120_EUEOD3.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2016\/01-overflow\/20160120_EUEOD3_0.jpg\" alt=\"\" width=\"600\" height=\"315\" \/><\/a><\/p>\n<div class=\"fivestar-static-form-item\">\n<div class=\"form-item\"><label>Average:<\/label><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Italy, Greece, Financials Crash As European Stocks, Peripheral Bonds Plunge Led by a broad-based\u00a0collapse in financial stocks, European markets extended and accelerated their plunge today. Thanks to the increased systemic linkages enforced by The ECB,\u00a0peripheral sovereign risk is spiking\u00a0as their national banking systems crash.\u00a0Every European nation is now in at least correction since the end [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1750,281,11425,1167,1464,2481,4318],"class_list":["post-16711","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bear-market","tag-europe","tag-european-markets","tag-greece","tag-italy","tag-sovereign-risk","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16711"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16711\/revisions"}],"predecessor-version":[{"id":16712,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16711\/revisions\/16712"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}