The Irish Debt Crisis
Default insurance is the telltale indicator.
And right now, the cost of insuring €10 million of 5-year Irish government bonds against default has skyrocketed — to an extremely high €600,000.
That’s 55 percent more than it cost for the same insurance in the aftermath of the Lehman Brothers failure — a time when it seemed the entire world was on the brink of collapse.
It’s 50 percent ..."
This is an urgent read! You must be prepared for what is coming! Do not be caught up in the dust of the next phase of financial calamity!
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