If your car loan or credit card debt is 200% or more of your annual income, 7% becomes big, particularly if your annual income is projected to shrink.

IMF May Offer Italy Up To EUR600 Bln To Shore Up Euro

It has fallen 1000 pips from where? You can also say it has gained 5000 pips. From that perspective, it sure looks like it's flying high for a currency that is in danger of collapsing.

If the the euro is on the verge of falling apart, why has it not plummeted in value?

It's very real. You should go all-in.

EURUSD rising on speculation SNB will be buying Euros

Looks like it might actually be time to short gold...

Venezuela gets its first shipment of gold bars back from Europe

Socialism maybe would have been saving the borrowers. What happened was neither capitalism nor socialism, but the bastard child of Frankenstein's monster and Robin Hood's evil twin - the one that's made of all the bad parts of both systems, so it ...

Germany Buys Itself First-Class Ticket on Titanic

Then you thought wrong. Go to India (and I don't mean a posh hotel in Mumbai), Bangladesh, Cambodia, or any number of other real 3rd world countries, and you will be humbled. That goes for all the war mongers here too - please visit a war zone and ...

How the US is quickly becoming a Third World country

If Germany can't borrow, Europe can't borrow.

Germany’s Bond-Auction Fail: Here’s What It Means

How close is your relationship? I would say you need to hit at least 3rd base to be sure.

Germany’s Bond-Auction Fail: Here’s What It Means

How do Eurobonds help if even Germany is finding it tough to borrow?

Germany’s Bond-Auction Fail: Here’s What It Means

So how do politicians go about getting "more local manufacturing"?

IMF unveils credit line

Here is some advice - don't trade until you figure out why "hedging" is absurd.

Why the ECB Won't (and Shouldn't) Just Print

Hope he's bringing some KY.

Greek PM heads for Brussels to try to secure cash

Please say that's sarcasm.

Britain 'will join euro before long’, says German finance minister

How is capitalism being equated to monetization of debt?

Germany Is Preparing To Kick Countries Out Of Eurozone

That's funny because it's true .

Oanda to Clients: Stay Out of Currency Markets

The very definition of a zero-sum market means that there cannot be any such thing as a "tough market"? It's always tough for some, and not tough for others. If it was any other way, there would be no market. I think what they should say perhaps, is ...

Oanda to Clients: Stay Out of Currency Markets

Well the theory is that they can affect short-term drops in employment, but there are problems, the main one being as far as I can see, that their tools don't work in the short-term. If you want to fight short-term fluctuations in the economy, you ...

Pianalto: Fed alone cannot cure economy's ills

I'm sure Germany has no problems with the effect this has on their yields. I would hate to see what would happen if German bonds start getting dumped though - there is only one pit deep enough for that.

Puzzle over euro's "mysterious" stability

Now EFSF needs to be 3 trillion? What a joker.

A Spanish Or Italian Default Could Happen In A Few Short Days

I am thinking about doing it, but haven't decided yet. The plan would be to print my own fierce-dollars, and then use this imaginary currency to buy large amounts of Portuguese, Greek and Italian debt. Then, I would package this debt into ...

Who Will Rescue Europe’s Rescue Fund?