Activity over recent months.
Bottom line: Traders are not buying into the eurozone rescue. Mario Draghi takes over as president of the European Central Bank tomorrow. Either he starts printing money from the minute he walks in the door, or the EZ will be on its way to collapse.
Money printing will cheapen the euro and make the debt easier to payoff, but it will also cause massive price inflation. Collapse may be the best option, but globalists will fight hard to try an keep the EZ in tact. There is going to be major pressure on Draghi to print.
(Charts via BI)
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