Submitted by Phoenix Capital... on 07/18/2011 - 15:09
However, one thing is clear: we are fast approaching the REAL Crisis. And there’s no shortage of Black Swans to hit either. The Euro problem isn't going away. In fact, it's now spread from Greece to Italy and Portugal... the latter county now being officially rated as "junk. Meanwhile, China is experiencing a liquidity Crisis on par with the Lehman-collapse. In fact, a recent bond auction there failed to sell EVEN HALF of the bonds offered (there's not enough capital available).