From the category archives:

bailout

Well, we are now officially in the middle of a full-blown European debt crisis threatening to spread globally again.  All the more reason we might see further stimulus in the US sooner rather than later.
Ahead of a 2 billion Euro bond auction, Spanish yields soared after ratings agency Fitch downgraded Spanish debt in light of [...]

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Will Eurobonds be the solution to the European fiscal mess?  There’s so much debt out there already, can more European debt really be the answer?
Nevertheless, the “Eurobond” is what Italian Prime Minister Mario Monti has proposed as a way out of the European debt situation.  Perhaps a Eurobond offering would calm global markets over European [...]

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Europe closed down on more Greek fears Monday, as commentary seemed to agree that it is time for Greece to prepare an exit from the Euro.  Spiegel Online reported that “it is time to admit” that the EU/IMF bailout plan has failed.  Alexis Tsipras, the leader of Greece’s radical left party, proposes Greece cancel the [...]

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We’re all waiting for the Greek collapse.  It hasn’t happened yet, but that means it’s the perfect time for Global X to set up a new, first-ever dedicated Greece-only ETF (GREK).  Why, you might ask, would anyone want to put all their chips on this nation that is either going to a) leave the Euro, [...]

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Now we know that a whopping 32 states are officially bankrupt, and that apparently, the US government has been engaged in shadow bailouts of these states, i.e., “giving them money under the table.”
In addition, all that money that states borrowed from the Federal government in order to continue to pay unemployment benefits?  Now they won’t [...]

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The Economic Policy Journal recently released a list of U.S. States that are officially bankrupt (i.e., insolvent).  These states are receiving SHADOW BAILOUTS from the federal government.  As Zero Hedge puts it, “one can only wonder how many other shadow programs are currently in operation to fund states under the table with federal money.”  He [...]

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The DOW is back above 12,000 for the first time since June 2008 – kind of weird to imagine, isn’t it?  Does all feel right again in the world?  Back in June 2008 the markets buzzing full of bullish energy.  The U.S. housing sector tore it all apart, and the Ben Bernank huffed and puffed [...]

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