http://baselinescenario.com/2010/04/...the-president/
"While you slept, there was a fundamental repricing of risk in financial markets around Europe – we’ll see shortly about the rest of the world. You may see this called a “panic” and the term conveys the emotions involved, but do not be misled – this is not a flash in a pan..."
Don't know if it signifies a meltdown but some serious shit did transpire over the last 24 hours.
also see
http://www.huffingtonpost.com/huff-w...nancial-crisis