The fact that the chief of the revolutionary guards hit Ahmadineschad into his face is quite a provocation if true or not and aimed at intensifying fraction which might exist. ( only found that in German so far)
Zornentbrannt sei der Stabschef der Revolutionswächter, Mohammed Ali Dschaafari, auf Präsident Mahmud Ahmadinedschad losgegangen und habe ihm ins Gesicht geschlagen, weil sich der sonst so konservative Staatschef überraschend für mehr Pressefreiheit eingesetzt habe.
More on that as a lot of info unfolds and we get a bigger picture but it will stir up a lot of hostility around the world - that is save to say so far.
2. Trouble in EU and for financial markets rising as now all EU credits are under attack and the 1.30 level is almost reached but I am afraid to say it will not hold there - we are biased to an exaggeration as panic mode is what astrology does tell is the theme of this week and probably also next week
Submitted by Tyler Durden on 11/29/2010 08:01 -0500
Perhaps if CNBC could pretend for a second that there was more to the economy than (disappointing) Black Friday channel checks it would realize that there is a complete massacre in European CDS spreads. At last check the Iberian Peninsula was the target of a tactical CDS nuke, with Spanish and Portuguese CDS widening by 23 and 36 bps respecitvely, to 354 and 538 bps. The second tier of bailoutees is also expected: Belgium and Italy, both of which are wider by just over 16 bps, hitting 178 and 232 bps. And lastly, even the core is no longer safe, as Austria and Germany were both about 5% wider to 87 and 50 bps each. Bases are widening as cash bonds are lagging today. The reason for the move, which should be completely expected to all Zero Hedge readers, is as Market News reports, that "a growing school of thought believes that - without major debt restructuring for Ireland - the current solution is just buying time. Many traders also fear that the interest rate applied to the new cash of 5.83% is unmanageable for the Irish economy." In other words start your Portugal, Spain, Belgium, Austria bailout countdown timer.