European Markets all in RED. North American Markets set to open in the RED. Eurozone Chief warning other "savers" their funds could be raide

Could we finally be hitting the wall? This faux recovery will have to fail sooner or later, and the puzzle pieces seem to be coming together.

Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe's single currency by propping up failing banks, a senior eurozone official has announced.
[link to www.telegraph.co.uk]

The Great Recession is an apt name for America's current stagnation, but the present phase might also be called the Grand Illusion—because the happy talk and statistics that go with it, especially regarding jobs, give a rosier picture than the facts justify.
[link to online.wsj.com]

"I don't trust the data from any government, including the U.S., Rogers said. "We know that governments lie to us. Everybody's printing money, but it cannot go on. This is all artificial."
[link to moneymorning.com]

Index Country Change % Change Level Last Update
FTSE 100 England -41.89 -0.65% 6,357.48 7:42am ET
Euronext 100 Europe -8.97 -1.26% 705.64 7:27am ET
CAC 40 France -56.72 -1.51% 3,691.92 7:27am ET
DAX Germany -100.83 -1.28% 7,778.84 7:42am ET
Swiss Market Index Switzerland -51.44 -0.66% 7,748.61

Stocks
S&P Futures 1,550.00 -7.20 -0.46%
Nasdaq Futures 2,786.50 -13.25 -0.47%
Dow Futures 14,411.00 -67.00 -0.46%