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Greece Outlaws Shadow Transactions
According to Mike Shedlock, in order to collect more tax revenue in Greece, the local government recently outlawed cash transactions greater than 1,500 Euros. Taxes were also raised on individuals...
View ArticleBreak-up of the Euro?
The founder of the Euro speaks…about Italy & Greece [youtube]http://www.youtube.com/watch?v=00VWWb9NNhw&feature=player_embedded[/youtube] ~I.S.
View ArticleEurozone Credit Risk, Defined
Great description of Eurozone Credit Risk Eurozone Sovereign Risk (CA Research)
View ArticleMorgan Stanley Sovereign Credit Outlook: Greece Fears Continue to Drive Bond...
What should have been a 1 month affair has now become a 6 month ordeal for the world credit markets. As of today, May 5th, the European equity markets are in fact negative for the year and the world...
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Goldman on the Irish Bailout…European Contagion
The Irish bailout being unveiled this week will determine the performance of both the Euro and the global equity markets. Irish and Portuguese bond spreads had been widening over the past four weeks,...
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Soros Says the U.S. is Already in a Double Dip Recession – Defining Balance...
Soros recently asserted that Europe could be more dangerous to the global financial markets than the default of Lehman Brothers in 2008, because of the political stubbornness of European policy...
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MF Global Files for Bankruptcy and Plunges in First Day of OTC Trading
November 2, 2011 - MF Global (NYSE: MF) tumbled in its first day of over-the-counter trading after the futures brokerage filed for bankruptcy, prompting the New York Stock Exchange to delist the...
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Bank of Spain Nationalizes Bankia – Property Bubble Bursting
According to ZeroHedge, the Bank of Spain has recently nationalized Bankia, the first of many nationalizations that have to occur in Spain because of poor underwriting by the cajas (regional...
View ArticleFantastic Michael Burry UCLA Commencement Speech on U.S. & European Financial...
Below you can view an excellent speech by Dr. Michael Burry, who at one point shorted over $8 billion of subprime mortgage backed securities before the U.S. credit crisis. Dr. Burry openly shares his...
View ArticleGeorge Soros on European Fiscal & Banking Crisis and EU Summit on June 28-29,...
Here I present key take-aways from George Soros’ in depth Bloomberg interview on the current European fiscal and banking crisis, Angela Merkel, the Spanish bailout, and Greece leaving the Eurozone. The...
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