To crash or not to crash, that is the question….
Following the article published by The Telegraph, something “unpleasant” might happen in the forthcoming weeks, as it seems the cost of insuring the bonds of Royal Bank of Scotland, BNP Paribas, Deutsche Bank and Intesa Sanpaolo, among others, is going up.
Why? Well, because it seems the investors have changed their feelings towards the banking sector and they fear the banks will not be able to pay.
And last, but not least, the index of US consumer confidence is also going down.