Europe’s Tangled Web of Sovereign Debt

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When the hammer comes down on Europe’s sovereign debt mess, it’s going to be a real doozy. Check out this chart the New York Times ran which illustrates who owes who money in Europe.  It’s a complete mess! The best part is that not only do the PIIGS all owe each other a lot of […]

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The bond vigilantes are circling the wagons in Greece, as investors are coming to grips with the obvious fact that Greece is not going to be able to honor its debt obligations. Yields on Greece’s 10-year bonds soared above 7 percent today. Reuters reports: Jitters about Greece resurfaced following reports that Athens wants to amend […]

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