while everyone happy about headline US ISM PMI, PMI across asia to europe fell worse than expected. Biggest losers were Spain (lower than last month contraction) and Italy (freshly below 50) and Trichet will press on with raising rates (I sometimes think him and our Stevens can be half brothers :))
After Greece, where do you think Bond vigilantes will target? The game is not over with PIIGS drama. Stock plenty of popcorn to watch it on CNBC in July.
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