Latest News

• Marc Faber Reveals His Black Swan Event For EuropeJanuary 15, 2012, 12:16 pm

  Friday saw a ratings downgrade bloodbath across Europe. The S&P went on a spree downgrading nine European countries. The biggest one, while not a shocker, was France. It was stripped of its AAA rating along with Austria. This was a longtime in coming and let’s be honest, how France retained AAA status when the US [...]

• Multiple EU Countries Downgraded, Banking Sector DipsJanuary 13, 2012, 12:48 pm

  A French newspaper reported today that Standard & Poor’s is downgrading the credit ratings of five euro nations. Italy, Spain and Portugal will be downgraded by two notches while France and Austria will take a one notch hit. The newspaper, Les Echos, also noted that Germany, the Netherlands, Finland and Luxembourg were spared by S&P’s [...]

• Greece On The BrinkJanuary 13, 2012, 11:47 am

  Joint talks between Greece and its creditors broke down on Friday with Greece warning of a potentially catastrophic results if a bond swap deal isn’t done in the very near future. This bond swap deal would see creditors voluntarily give up their promised returns which will in turn help Greece slash its debt to more [...]