• GoldCore
    08/05/2015 - 07:32
    'Death of gold' has been greatly exaggerated. It is important to consider gold in local currency terms. In euro, gold is up 2% in 2015, after 13% gain in 2014.

Sovereign Debt

Tyler Durden's picture

Coming To America: The Greek Sovereign Debt Crisis





Yesterday we presented our views on why Europe's decision to tip over the first of the bailout dominoes will be inherently a catastrophic one in the long term, and will ultimately transfer the peripheral liquidity risk into funding, and ultimately, solvency (and once again, liquidity) risk to the very core. Today, Niall Ferguson joins in, in this latest Op-Ed in the Financial Times. "It began in Athens. It is spreading to Lisbon and Madrid. But it would be a grave mistake to assume that the sovereign debt crisis that is unfolding will remain confined to the weaker eurozone economies. For this is more than just a Mediterranean problem with a farmyard acronym. It is a fiscal crisis of the western world. Its ramifications are far more profound than most investors currently appreciate." In other words, Marc Faber 1, CNBC talking heads, 0... as usual.

 
Reggie Middleton's picture

What Country is Next in the Coming Pan-European Sovereign Debt Crisis?





It is beyond a hallucinogenic-induced pipe dream to even consider that the Eurozone will come out of this attempt at replicating the US "extend and pretend" policy intact and unscathed. The US won't even get away with it, and we have the world's reserve currency printing press in our basement running with an ink-based inter-cooled, twin-turbo supercharger strapped on that will make those German engineers green with envy, not to mention green with splattered Greenback printer ink as the presses go berserk!

 
Cheeky Bastard's picture

Global " recovery " mirrors in sovereign debt insurance costs





The sudden surge of optimism regarding the global economy resulted in the massive reduction in the costs of sovereign debt insurance. While the drop is not a surprise, the reasoning and the actions behind it surely are.

 
Tyler Durden's picture

Russia About to Default On Sovereign Debt Again





Developing Story:

 
Tyler Durden's picture

Russia About to Default On Sovereign Debt Again





Developing Story:

 
Tyler Durden's picture

Russia About to Default On Sovereign Debt Again





Developing Story:

 
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