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    It’s Coming…From The Outside In

    by Chris Martenson

    Tuesday, November 30, 2010, 2:41 PM

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What Europe fears, and the reason that the EU members on the Ireland negotiating team “went berserk” when Ireland raised the prospect of a haircut (losses) for the failed bank’s bondholders, is that the contagion will spread from the periphery to the core.

That is, that the disease will progress from the outside in.

The strange market counter currents that we began tracking a couple of weeks ago are still with us and getting stranger by the day.

At this point I am quite concerned about another major banking crisis, quite similar to the one that nearly took down the system in October of 2008.  The evidence is mounting.

Here are the similarities:

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