Debt Crisis New Phase Striking Now! Despite Bailouts!
By: Martin D Weiss
Nov 29, 2010
Sadly, though, even while most Americans were enjoying the holiday or hitting the malls, much of Europe was sinking deeper into a new, more severe phase of its sovereign debt crisis.
This crisis is unfolding despite Herculean rescues by the European Union, the International Monetary Fund and the U.S. Federal Reserve.
It’s striking right now.
And it’s threatening to spread to all of the world’s big debtor nations, including the biggest of all — the United States.
Hard Evidence from Global Markets
This conclusion is not merely my analysis or forecast.
It’s the collective opinion of global investors who, at this very moment, are scrambling to buy insurance against bond defaults by major governments.
Think of it like life insurance: