Have the fools in DC pushed us too close to the edge of the cliff?

I certainly hope not but, of course, no one knows how fast the snowball is rolling.

Link

The Greek 2 year yield is up to a record 31.1%.

The Portuguese 2 year yield is up to a record 18.3%.

The Irish 2 year yield is up to a record 18.1%.

And the big jump ... the Italian 2 year yield is up to a record 4.1%. Still much lower than Greece, Portugal and Ireland, but rising.