{"id":655,"date":"2011-09-05T16:20:38","date_gmt":"2011-09-05T20:20:38","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=655"},"modified":"2011-09-05T16:20:38","modified_gmt":"2011-09-05T20:20:38","slug":"here-we-go-us-futures-plunge-as-milan-dax-down-5-italian-fins-halted-eurusd-sub-1-41-zerohedge","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/here-we-go-us-futures-plunge-as-milan-dax-down-5-italian-fins-halted-eurusd-sub-1-41-zerohedge\/","title":{"rendered":"Here We Go: US Futures Plunge As Milan, Dax Down 5%, Italian Fins Halted, EURUSD Sub 1.41 | ZeroHedge"},"content":{"rendered":"<blockquote><p><span style=\"color:#008080;\">After the ECB just announced that it had monetized a whopping E13.3 billion in the past week, nearly double expectations, and a total of E134 billion since the SMP program&#8217;s inception, the market took one quick look at just how effective this program has been, shuddered, and plunged realizing that neither ECB intervention, nor the shorting halt is doing anything at all.<\/span><\/p><\/blockquote>\n<p>via <a href=\"http:\/\/www.zerohedge.com\/news\/here-we-go-us-futures-plunge-milan-dax-down-5-italian-finds-halted-eurusd-sub-141?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Here We Go: US Futures Plunge As Milan, Dax Down 5%, Italian Fins Halted, EURUSD Sub 1.41 | ZeroHedge<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After the ECB just announced that it had monetized a whopping E13.3 billion in the past week, nearly double expectations, and a total of E134 billion since the SMP program&#8217;s inception, the market took one quick look at just how effective this program has been, shuddered, and plunged realizing that neither ECB intervention, nor the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/here-we-go-us-futures-plunge-as-milan-dax-down-5-italian-fins-halted-eurusd-sub-1-41-zerohedge\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Here We Go: US Futures Plunge As Milan, Dax Down 5%, Italian Fins Halted, EURUSD Sub 1.41 | ZeroHedge&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33],"tags":[1169,1292],"class_list":["post-655","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-ecb","tag-euro"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Here We Go: US Futures Plunge As Milan, Dax Down 5%, Italian Fins Halted, EURUSD Sub 1.41 | ZeroHedge - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here We Go: US Futures Plunge As Milan, Dax Down 5%, Italian Fins Halted, EURUSD Sub 1.41 | ZeroHedge - the patient investor\" \/>\n<meta property=\"og:description\" content=\"After the ECB just announced that it had monetized a whopping E13.3 billion in the past week, nearly double expectations, and a total of E134 billion since the SMP program&#8217;s inception, the market took one quick look at just how effective this program has been, shuddered, and plunged realizing that neither ECB intervention, nor the &hellip; 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We expect the interest rate corridor to be\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1597,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/27\/barclays-explains-why-a-50-greek-haircut-would-be-considered-a-credit-event-consequently-triggering-cds-contracts-zerohedge\/","url_meta":{"origin":655,"position":1},"title":"Barclays Explains Why A 50% Greek Haircut &#8220;Would Be Considered A Credit Event, Consequently Triggering CDS Contracts&#8221; | ZeroHedge","author":"ColinTwiggs","date":"October 27, 2011","format":false,"excerpt":"Finally someone dares to go ahead and say what is on everyone's mind, namely that proclaiming a 60% \"haircut\" as voluntary is about the dumbest thing to ever come out of ISDA. As is well known, the ECB and the entire Eurozone are terrified of what may happen should Greek\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1409,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/19\/and-now-the-bundestag-demands-a-say-zerohedge\/","url_meta":{"origin":655,"position":2},"title":"And Now The Bundestag Demands A Say | ZeroHedge","author":"ColinTwiggs","date":"October 19, 2011","format":false,"excerpt":"According to FAZ, the German parliament, which made it all too clear wants to be heard in all future European bailout instances courtesy of the constitutional court decision in early September, has just announced it wants to be heard, this time for real, and decide, on any EFSF expansion facility\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2469,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/30\/did-a-large-european-bank-almost-fail-last-night-zerohedge\/","url_meta":{"origin":655,"position":3},"title":"Did A Large European Bank Almost Fail Last Night? | ZeroHedge","author":"ColinTwiggs","date":"November 30, 2011","format":false,"excerpt":"Need a reason to explain the massive central bank intervention from China, to Japan, Switzerland, the ECB, England and all the way to the US? Forbes may have one explanation: \"It appears that a big European bank got close to failure last night. European banks, especially French banks, rely heavily\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":468,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/25\/and-theres-your-perfectly-leaked-explanation-cme-hikes-gold-margins-again-this-time-by-27-zerohedge\/","url_meta":{"origin":655,"position":4},"title":"And There&#8217;s Your Perfectly Leaked Explanation: CME Hikes Gold Margins, Again, This Time By 27% | ZeroHedge","author":"ColinTwiggs","date":"August 25, 2011","format":false,"excerpt":"Two weeks after the CME hiked gold margins by 22%, and two days after the Shanghai Gold Exchange sent them higher by 26%, here comes the CME, as we expected, with another 26% gold margin hike. And now we know that this particular margin hike was leaked well in advance,\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":501,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/29\/how-the-economy-quietly-entered-a-recession-on-friday-and-why-the-gdp-predicts-a-sub-zero-nonfarm-payroll-number-zerohedge\/","url_meta":{"origin":655,"position":5},"title":"How The Economy Quietly Entered A Recession On Friday, And Why The GDP Predicts A Sub-Zero Nonfarm Payroll Number | ZeroHedge","author":"ColinTwiggs","date":"August 29, 2011","format":false,"excerpt":"What is just as important is that ..... the YoY change in real GDP, which is now at 1.5%, is a slam dunk indicator of recession: \"Since 1948, every time the four-quarter change has fallen below 2 percent, the economy has entered a recession. 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