Can Kicking

From Denninger, “It didn’t work (again)”.

This:

There’s a not-so-silent bank run in Greece.  This will spread.

Indeed it will. Will it spread here? Probably not this time. However, dear readers, you do realize that it is only a matter of time until something, some event of this magnitude impacts your local (see local) AO.

If you look back on many of my posts over the last two years, you will see the occasional flag raised in this manner. Again, we are talking probability and causality, not a known quantity. I talk about these things as a warning and predictors of future events. Watching the way things trend is valuable, even at the local level.

Heads up. This week will be incredibly bumpy…

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