Portuguese 10-Year Bond Yield Spikes to 4.4% from 2.65% in January
Editor's Comment: It is all just a matter of time, but so clear that so many foreboding financial events are converging into one giant disaster. Things are so far gone at this point, that the system can't even hold back the gold price, though it
Remember the vicious cycle that threatened the entire European banking sector in 2012?
Earlier today, we discussed how after 8 long years spent wandering punch drunk through a dream-like Keynesian wonderland where all financial assets rise inexorably, the world finally woke up last month with a terrible hangover only to discover ...
The correction in the equity markets has brought the S&P 500 down close to a confluence of key technical levels.
Remember the vicious cycle that threatened the entire European banking sector in 2012? It went something like this: over indebted sovereigns depended on domestic banks to buy their debt, but when yields on that debt spiked, the banks took a hit, inh
With central bankers losing credibility left and right, and failing outright to boost the "wealth effect" no matter what they throw at it, the next big question is when will central planners around the world unveil the cashless society which is a
Jim Grant appeared on CNBC's Closing Bell and unhesitatingly said he thinks the US economy has already gone into recession: I think we are in one…I think there's a defensible case to be made that a recession began late last year."