Monthly Archives: December 2012
by Mitch Feierstein about 11 years 3 months ago
On the first day of Christmas, my country gave to me A debt bigger than GDP Yep, that’s right. US Public debt stands at more than 100% of GDP. The last time debt was this high, we were fighting a World War across two continents and building a peaceful prosperous world, whose basic shape […]
The return of the undead Berlusconi to return to Italian politics. Mario Monti to quit (and return to Goldman Sachs for a annual honorarium of $50,000,000). The Italian long bond to go to 600 basis points over bunds. Investors to notice that Italy is still in the position of having massive debts and a […]