'Schuldencrisis aan beide kanten van de Atlantische Oceaan'

A quick update on the total wreck in markets right now:

• Italian stocks are off 3.4%.
• Short-term Italian yields are going berserk.
• Spanish stocks are off 2.8%.
• 2-year yields: Same mess.
• Shares of Deutsche Bank are down 2.7%.
• Dow futures are off 130.
• Gold is surging to near an alltime record.

Basically: we have debt crises on both sides of the Atlantic right now.

In Washington, politicians can't defuse a bomb of its own creation (the artificial debt ceiling nonsense) and in Europe the crisis has spread to Italy, which is 10-times more terrifying than Greece.