Europe’s web of debt – who owes who and how much

This fantastic NYtimes infographic shows how much debt is owed to European countries, by and to other European countries. This infographic is pre-Greek and Irish bailout. Source.  Read More

European contagion: Will Spain or Portugal be next?

Now that the Irish bailout is out of the way, the world can return to normal right? Well all things considered, probably not, as this sort of ‘now we can all relax’ talk is what was being said less than eight months ago after the Greek bailout. The Greek economy is looking poorly and in the near future Greece may be the first nation to ask for a second bailout, but enough... Read More

You can’t lose with gold

By Keith Poore. If you didn’t already know, thanks to QE2 it seems you can’t lose with gold.  Just to recap the bull and bear case: The bull case for Gold: Printing money to buy bonds lowers interest rates which is good for gold. The bear case for Gold: Printing money debases the currency and leads to inflation which is good for gold I’ll leave the bear case for... Read More