"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
At last check Irish-Bund spreads were north of 725 bps, meaning Ireland is now effectively insolvent, and joins Greece in the group of bankrupt European countries. If this blow out is not stopped immediately, the contagion will again spread to…
Dang it folks, just what is your problem? Apparently you’ve all been saving and being thrifty rather than taking on more debt and buying stuff you don’t need. This is just so wrong. And it’s hurting the economy. “There is…
A fine rant from Zero Hedge about blaming speculation for the ongoing debt crisis in Greece when the real problem is governments hiding debt, aided and abetted by investment banks. Dear Mr. Bernanke, dear idiots at the SEC (to paraphrase…
This is making banks and lenders across the planet quite twitchy and could be the biggest sovereign debt default since Argentina in 2001. Abu Dhabi won’t backstop the debt and the price of credit default swaps for Dubai’s debt is…