Flaring Debt Fears Propel Gold Prices – Gold soon to set record
As the Euro zone debt crisis flares fears among the consumers, gold hits a record high level emphasizing the fact that it is a safe haven for most investors. The much talked-about credit downgrade and the raising of...
What Should Greece Do?
From time to time, one of my friends simply says it better than I could ever imagine saying it myself. I have known Peter Gianulis, manager of Carrelton Asset Management for years. He is one of the deepest thinkers...
Is this the Start of the New Round of Global Bailouts?
From Reuters: China to Clean Up Billions Worth of Local Debt China’s regulators plan to shift 2-3 trillion yuan ($308-463 billion) of debt off local governments, sources said, reducing the risk of a wave of defaults that would threaten...
Moodys Warns U.S. May Get Credit Downgrade in “Coming Two Years”
By Don Miller, Associate Editor, Money Morning The United States’ AAA credit rating may be at risk sooner than previously thought as the nation fails to deal with its growing debt, Moody’s Investors Service warned last week. Moody’s said...
State Debt Crisis Approaching
I have warned that a debt crisis of a magnitude we have never experienced before is approaching. States and municipalities are going bankrupt along with the Federal government. Economists foolishly applaud sub-3% growth in GDP when it took a $1 trillion...
Charting The US Fiscal Catastrophe
With little fanfare, the November budget deficit of $150.4 billion was reported, which happened to be the worst fiscal November in the history of the US, and just out of the top 10 of worst deficit months ever, including...
November Budget Deficit Highest on Record
The federal budget deficit rose to $150.4 billion last month, the largest November gap on record. And the government's deficits are set to climb higher if Congress passes a tax-cut plan that's estimated to cost $855 billion over two...
Two Great (Quick) Reads For Your Weekend Pleasure
The first one is sourced from the King World News Blog. The author makes the argument that, on a relative basis, Europe will begin to appear “stable” relative to the U.S. What’s interesting about this that I was meeting...
Global Sovereign Debt Default Bankruptcy Bailout and Contagion Risk Analysis
This analysis seeks to update the global sovereign risk of bankruptcy following the developments of the past 9 months that have seen governments and economic policies change, economic austerity plans implemented or failure to implement, as well as the...
Euro Debt Crisis Bankruptcy Bailout Queue, Protect Savings & Deposits From Banks Going Bankrupt!
The global banking system that publicly went bankrupt during September 2008 prompting government interventions in the form of capital injections, buying of toxic assets, insurance of bad debts and even outright nationalisation’s has started to bankrupt the states that...
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