As you may have heard, four Italian banks failed last week on bad investments, and the savers are being 'bailed-in.'
Stocks managed a bounce today in quiet holiday trading.
Have a pleasant evening.
"A new, invisible and at times virtual, tyranny is established, one which unilaterally and irremediably imposes its own laws and rules. Moreover, indebtedness and credit distance countries from their real economy and citizens from their real buying power. Added to this, as if it were needed, is widespread corruption and selfish fiscal evasion which have taken on worldwide dimensions. The will to power and of possession has become limitless." Francis I, 16 May 2013