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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Monday, March 18, 2013

Cyprus: The Good, the Bad, and the Ugly

Cyprus is a money-laundering haven.
Cyprus Bank deposits there are dominated by Russian oligarchs and money from questionable sources. 
Bank deposits in Cyprus amount to 68 billion euros, according to Goldman Sachs — four times its gross domestic product

With all that said, this is bad news for Italy and, to some extent, for Spain.