{"id":629,"date":"2012-06-11T09:08:58","date_gmt":"2012-06-11T13:08:58","guid":{"rendered":"http:\/\/www.ttgnet.com\/journal\/?p=629"},"modified":"2012-06-11T09:32:02","modified_gmt":"2012-06-11T13:32:02","slug":"monday-11-june-2012","status":"publish","type":"post","link":"https:\/\/www.ttgnet.com\/journal\/2012\/06\/11\/monday-11-june-2012\/","title":{"rendered":"Monday, 11 June 2012"},"content":{"rendered":"<p><span style=\"font-weight: bold; color: #000099; font-family: Arial;\">09:09 &#8211;<\/span><span style=\"font-family: Arial;\"> As expected, the markets have responded favorably to the Spanish bailout. That won&#8217;t last long. Like all of the bailouts and other actions taken to &#8220;save&#8221; the euro, this amounts to slapping a fresh coat of paint on a rotting structure. The markets will soon recognize that, as they always do, and Spanish sovereign debt will start heading for the 7%+ range again.<br \/>\n<\/span><\/p>\n<p><span style=\"font-family: Arial;\">We got  fair amount done over the weekend on a new batch of chemistry kits. The only major job that remains is filling a whole bunch of bottles.<br \/>\n<\/span><\/p>\n<hr style=\"width: 65%; height: 3px; font-family: Arial;\" \/>\n<p><span style=\"font-weight: bold; color: #000099; font-family: Arial;\">09:28 &#8211;<\/span><span style=\"font-family: Arial;\"> Wow! That was faster than even I expected. Benchmark Spanish bond yields started this morning just under 6%, and they&#8217;re already at 6.2% and climbing. Apparently, investors have already realized that promising a bailout doesn&#8217;t mean the money is actually available to do it.<br \/>\n<\/span><\/p>\n<hr style=\"width: 65%; height: 3px; font-family: Arial;\" \/>\n<p><span style=\"font-weight: bold; color: #000099; font-family: Arial;\">09:31 &#8211;<\/span><span style=\"font-family: Arial;\"> And, as of a few minutes ago, they&#8217;re at 6.4% and climbing.<br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>09:09 &#8211; As expected, the markets have responded favorably to the Spanish bailout. That won&#8217;t last long. Like all of the bailouts and other actions taken to &#8220;save&#8221; the euro, this amounts to slapping a fresh coat of paint on a rotting structure. The markets will soon recognize that, as they always do, and Spanish sovereign debt will start heading for the 7%+ range again.\n<\/p>\n<p>We got  fair amount done over the weekend on a new batch of chemistry kits.<\/p>\n<p> <a href=\"https:\/\/www.ttgnet.com\/journal\/2012\/06\/11\/monday-11-june-2012\/\">&nbsp;&raquo;&nbsp;Read more about: Monday, 11 June 2012 &nbsp;&raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[31,13,11],"tags":[],"class_list":["post-629","post","type-post","status-publish","format-standard","hentry","category-government","category-politics","category-science-kits"],"_links":{"self":[{"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/posts\/629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/comments?post=629"}],"version-history":[{"count":0,"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/posts\/629\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/media?parent=629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/categories?post=629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ttgnet.com\/journal\/wp-json\/wp\/v2\/tags?post=629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}