Are you sure about this? Argentina defaulted and nobody confiscated their water, gas or other natural resources. You need to do some research before posting such gibberish. One of the big problems with sovereign debt is that is not collateralized, ...

Moody's Downgrades Portugal To Ba2 From Ba1, Outlook Negative

Good riddance.

Geithner to Consider Leaving Treasury After Debt Debate

Cure for the banks, poison for the people.

Greece austerity: Cure or poison?

So it all comes down to the same "solution" as always: extend and pretend. But why? Doesn't it go against every principle the Euro was founded on? Doesn't this reward the PIIGs for misrepresenting their finances (basically lying) in order to get ...

Greece: It's nearly sorted (possibly)…

For some reason when talking about shorting the Euro, everyone assumes you have a short EUR/USD position. Is being long USD really the only way to be short EUR? Come on now, you have 10+ votes - I am sure you can plot a daily EUR/CHF chart and come ...

Is the euro doomed? Not so fast...

Three points: 1. Soros is far more clever than some schmuck commentator criticizing him for taking a short position in Euro. His track record speaks for itself. 2. Shorting EUR has not necessarily been a bad trade if you picked the right currency to ...

Is the euro doomed? Not so fast...

Hmm, I wonder what would happen if G-Pap were to lose...

Greek PM faces crucial confidence vote

Chances are this will end up being a whole bunch of nothing. Remember the noise about enforcement of 1:4 maximum leverage for retail FX trading? Nothing ever happened. There's just too much money to be made by all kinds of intermediaries in this ...

Trading Of Over The Counter Gold And Silver To Be Illegal Beginning July 15

LMAO @ the hard-won credibility.

Chairman Ben S. Bernanke At the International Monetary Conference, Atlanta, Georgia

An extension of a bailout that had no chance of working in the first place is a positive news? Welcome to the Twilight Zone, where nothing is as it seems.

EU, IMF, ECB “Troika” Ready to Release Next Aid Installment; Parties Close in on Next Greek...

Instead of stating the well-known and obvious facts, do a little bit of research on the state of the housing market in Australia, and on its excessive relying on mining and China (which is in a bubble itself). This has been written about quite ...

Aussie/Dollar rallies despite -1.2% AU GDP

Yeah, AU did what cable is known for doing in the past - move against common sense. Well, not to worry - it can't outrun both commodities and equities, both of which are way overextended at this point.

Aussie/Dollar rallies despite -1.2% AU GDP

Pathetic mindless cheerleading.

Bernanke’s QE2 Averts Deflation, Spurs Rally, Expands Credit