No time reversal, but new time

No self entanglement, sorry.

And this:

Both Greece and Ireland are using the "bailout" funds, and the high yields suggest investors expect an eventual default.

From Calculated Risk.

We can be a little more accurate. Investors have computed inventories better, tax streams and liabilities in this case. The new set of observations reveal a spiral unwind that was not noticed before. It is the observation through the new lens that generates the new quants. And the new quants show inventory out of place.

We add precision to the PIIGS, where it is needed.  What once was measured as an OK blob, now becomes a Fib sequence. From there we will get a concentric ring (all PIIGS deemed equally insolvent), then we return to a blob again.