Creating Order in the Euro Zone - Merkel's Rules for Bankruptcy

From Spiegel Online: Fearing a lasting burden on taxpayers, the German government is preparing a set of insolvency rules for countries in the euro zone. It would require private investors to bear some of the financial burden and force the affected countries to give up some sovereignty. The plan is guaranteed to meet with resistance.....read on

Fundamentals just nothing to get excited about

From Arabianmoney.net: Thin trading in mid-summer has produced an odd mini-rally in stocks over the past few days. But there is nothing in the fundamentals about the global economy to support any optimism, and indeed it is mainly lacking.

China imported less copper and iron for the third month in a row, an obvious indication of a slowdown in this supposed economic powerhouse. We know from the Baltic Dry Index’s plummet that all is not well with global trade....read on

Interview with James Turk

James Turk discusses inflation and the worryingly similarities between the Weimar Republic and the USA.......listen here