Debt-financed military expansionism? The market says no!

The sell-off of German bonds in particular, the centerpiece of European creditworthiness, continues unabated today. The phone lines from Berlin, Paris, Madrid and the other debt strongholds of the EU are likely to be running hot in the ECB Tower in Frankfurt. The Neocon plabook hits a wall at the european bond market. YCC in 3... 2...1..