Oh yeah you read that right. It has been a little more than a month since our last Greece bond update and it looks like the rates have almost double since then.
The Future Roadmap of Gold
February 21, 2012 By Leave a Comment
Here is a great rough outline for where gold could go within the next couple of years. It’s based on the Elliot Wave Principle on bull markets driven by Fibonacci Sequences and the Golden Mean.
Fed Spends $26 Trillion from 2007 to 2011
February 17, 2012 By Leave a Comment
Back when Congressman Ron Paul and Alan Grayson audited the Fed in mid-2011, it was discovered that the US Federal Reserve issued approximately $26 Trillion dollars in loans and “currency swops” during a 4 year window between 2007 and 2011.
S&P Downgrades EFSF
January 16, 2012 By Leave a Comment
And so the latest inevitable outcome of the French downgrade from AAA has arrived, after the S&P just downgraded the EFSF, that pillar of European stability, from AAA to AA+.
European Nations Get Downgraded
January 15, 2012 By Leave a Comment
Stock markets and the single currency fell sharply as Standard and Poor’s cut France’s AAA rating. Italy saw its long-term rating drop by two notches, along with Spain, Portugal and Cyprus. Austria, Malta, Slovakia, and Slovenia had their ratings lowered by one notch.
Five European Nations to Be Downgraded by S&P?
January 13, 2012 By Leave a Comment
Standard & Poor’s will cut the credit ratings of Italy, Spain and Portugal by two notches and downgrade France and Austria by one notch, a French newspaper said Friday, without citing its sources.
Italy gets Downgraded Two Levels to BBB+
January 13, 2012 By Leave a Comment
Fresh off the presses, Italy’s time has come. S&P warned of a potential downgrade of several European countries back in December of last year. And since nothing has changed or improved at all since then, S&P has decided to pull the trigger.
Greece 1 Year Bonds Hits 400%
January 13, 2012 By Leave a Comment
Well it didn’t take that much time to jump to 400% since our last post. Greece is just taking a beating as their 1 year bonds continue to climb at rapid pace. I am still surprised that the country has yet to default.
Is It Too Late To Buy Gold and Silver?
January 13, 2012 By Leave a Comment
With the recent price drop around the precious metals over the past month, many people are wondering if the precious metals bull market is coming to an end… If they should sell now at a loss before the price dives even more…
Moody’s Downgrades Illinois’ Credit Rating to Worst in Nation
January 10, 2012 By Leave a Comment
Moody’s said the decision to downgrade the state’s credit rating came as a result of “a legislative session in which the state took no steps to implement lasting solutions to its severe pension underfunding or to its chronic bill payment delays,” according to the report.
