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Posts Tagged ‘spain’s borrowing costs’

Spain Again Faces Borrowing Costs Above Dangerous Level of 7 Percent

July 9th, 2012 Comments off

 

The bond vigilantes are increasingly unimpressed with the bumbling politicians of the Eurozone. With finance ministers from the monetary union set to meet in Brussels for another of the monotonous string of Eurozone sovereign debt crisis meetings, borrowing costs for financing of Spain’s government debt have again exceeded the red line of 7 percent.

While the pundits still claim there is no danger of Madrid joining some of the other PIIGS nations in requiring a bailout, this after a massive bailout of Spain’s insolvent banks, the ranks of the economic optimists, those who still believe that the policy measures of politicians resolved the global economic crisis that began in 2008, are becoming increasingly thinner.

 

 

 

WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD

 

 

To view the YouTube video overview of “Wall Street Kills,” click image below:

Wall Street Kills,” a novel by Sheldon Filger, presents a dark and shocking view of Wall Street greed that is pathologically out of control. “Wall Street Kills,” available in both eBook and hard copy editions on Amazon.com, portrays the leading characters, primarily Wall Street insiders, as having a pathological drive for attaining vast profits, even if that means engaging in a shockingly brutal plot, in which the life of a celebrity woman must be sacrificed. Controversial themes explored in the novel include the exploitation of sexual violence against women for profit.

At the core of “Wall Street Kills” is an elaborate plot to kidnap a world famous female celebrity, and murder her in a theatrical spectacle that will broadcast over the Internet in real-time, available for viewing to anyone with a computer willing to pay the steep access fee. The secretive group of Wall Street investors behind the scheme seek to produce the ultimate snuff movie.

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Spain’s Borrowing Costs Soar Through The Roof

June 14th, 2012 Comments off

Only days after the bungling Eurozone politicians provided another one of their countless, debt-financed bailouts, with another promise that the Eurozone debt crisis was “permanently” solved and ring-fenced,  borrowing costs for Spain’s government have soared above the dangerous and unsustainable 7 percent level. In addition, Italy’s borrowing costs have increased to above 5 percent.

The bond vigilantes clearly have no confidence in the Eurozone political establishment. And with the next Greek election only days away, the shocks to the Eurozone system are far from over.  The Eurozone debt crisis, far from being contained, seems to be impregnable even to a shower of bailouts being thrown at it by helpless politicians.

                 

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