The market’s skepticism was reflected in the outcome of the Italian bond auction. The Italian Treasury on Monday sold 3 billion euros, or $4.1 billion, of five-year bonds priced to yield 6.3 percent — up nearly a full percentage point from the yiel…
Southern Europe has a very long tradition of folks simply not paying their taxes. Evading taxes is a national sport in Italy in particular. Pretty much the same for Greece, Spain, and Portugal. So, it does not matter much what plan is agreed to….it d…
Would you lend money to Spain, Italy and the US at these ridiculously low levels? The answer is no. The World has during the past years experienced an explosion of sovereign Debt, but yields have been coming off, as a result of Central Bankers buyin…
Euro zone inflationary pressures at seven-month low
Inflationary pressures in the euro zone fell to a seven-month low in June, pulled down by an easing in Germany and Spain, according to an indicator designed to predict inflation trends from the Econo…
SMARTMONEY JULY 6, 2011, 4:40 P.M. ET.
The Next Financial Crisis Will Be Even Worse
Brett Arends on why we’re doomed to make the same mistakes we made in 2008..
By BRETT ARENDS
The last financial crisis isn’t over, but we might as well start get…
So like I said, Greece is about to go down the toilet.
So now that we can, we have to step back, look up, and figure out what’s coming up next on the horizon, once Greece defaults.
The answer is obvious: Portugal, Ireland and Spain are coming up�…
Avoiding disasters hasn’t worked. At least, not avoiding debt disasters. No matter what tricks the authorities do – monetary, fiscal, or unconventional – the debt is still there. And since all those tricks cost money…it gets bigger and bigge…
Can’t say I know what this is about exactly but it sure looks like Kent State.
The collapse of Spain’s booming housing market has left unfinished, unoccupied towns across the country.
Each failed development represents a loss for the banking sector, which admits to $240 billion of problematic exposure and is probably exposed to…
To hear the papers tell it, US stocks are being weighed down by troubles in Europe.
….snip…..
Yeah. The problems are all in Europe. If it weren’t for the Greeks, and Italians, and Spaniards…it would be clear sailing here in the US.
But t…
