Silver as an investment

Category Archives: piigs

The Financial Disease Spreading Globally No One Will Discuss: “The Real Risk Is Contagion”

This article was written by Shaun Bradley and originally published at The Editor’s Comment: No one knows how much longer they can prop up the system and keep appearances. But one thing that is undeniable is how deep the financial crisis really goes. Nearly every Western nation is much more fragile than it appears […]

Denial / By Andrew Hoffman / November 5th, 2013 At the gym this morning, I was reading Dan Brown’s new novel, Inferno.  Awesome book, which I’ve read through half of in less than a week.  Much like the Miles Franklin Blog, it focuses on a catastrophic global event; and no, it’s not the collapse of the world’s reserve currency.  […]

The Fragile Five / By Andrew Hoffman / September 4th, 2013 Since the current, terminally cancerous European crisis commenced in 2010, we have lived with a daily bombardment of “horrible headlines” from the so-called PIIGS economies of Portugal, Ireland, Italy, Greece, and Spain.  It’s a bit of a “misnomer” to focus on these five specifically; as in reality, countless Euro Zone nations […]

The Only Way Forward For Europe Is Splittsville / By Raul Ilargi Meijer / April 3, 2013 Seeing Spanish and Italian bond yields drop over the past few days, it’s impossible not to wonder what it is the markets, whoever they’re comprised of, can’t seem to figure out. Like that the Italian cloud will hang over Europe well into summer, Cyprus is […]

Germany’s economic momentum has faltered; the green shoots are wilting; and combining real economic weakness with the Europe-wide deposit outflows (hurting the ‘financial’ economy), Europe is back in the crosshairs. / March 30th, 2013 Europe’s Last Green Shoot Is Wilting Germany, it seems, has had enough with its taxpayers implicitly bearing the burden of the rest of Europe’s profligacy as the final solution chosen for Cyprus clearly shows (especially in light of pending German elections). But with all that ‘stabilitee’ based on one nation’s shoulders, […]

Latest Story An Old Fashioned PIIGS story as Portugal Mises Deficit Targets Again / by John Galt / March 28, 2013 21:30 ET Ah, the good old days. Spain can’t meet it’s goals and needs a break from the European Union. Italy can’t form a government again (again, again, again, etc…). Ireland got drunk and forgot to make a bond payment. Greece well, is Greece. And good […]

MISERABLE Economic News / Ranting Andy / Thursday, February 21st, 2013 More MISERABLE U.S. economic news – across the board – and European stocks plummeting due to political and economic issues everywhere.  Ominously, the PIIGS are leading the declines; and given their plunging economies, don’t be surprised if they’re back in the news; and right soon. Here, we have the fiscal cliff […]

Flying Pigs

Italian 10 year government bond yield / By Pater Tenebrarum / December 31, 2012 Euro Area Carry Trade – From Disbelief to Consensus? When we noted about a year ago that the ECB’s LTROs were likely to give banks and incentive to initiate carry trades in the bonds of euro area peripherals, it was an opinion very few […]

Next Up For A “Recovering” Europe: A 30-50% Collapse In Wages In Spain, Italy And… France / By Tyler Durden / 12/02/2012 22:19 Several weeks ago Europe officially entered a double dip recession, and based on various secondary economic indicators, even Europe’s primary economic powerhouse, Germany, is on the verge of negative economic growth. The reasons for Europe’s woeful macroeconomic state are numerous, but boil down to two primary ones: […]

Choking on Debt / By Peter Tchir / November 13, 2012 Many Names for the Same Problem In the U.S. we talk about Fiscal Cliff and Debt Ceiling. In Greece it has come down to Grexit. Spain still goes by Spanish Bailout or Spanish Unbailout as the case may be. Italy is in denial and hasn’t made […]