Thursday, 29 April 2010 04:59

Beware of the Potential Irish Ponzi Scheme!

I have updated the latest Ireland research (released yesterday) and urge all to review the additions, as well as our overview of Ireland's fiscal difficulties:

We fear Ireland is on the verge of considering a massive Ponzi Scheme, if which avoided, will possibly result in a fiscal deficit approaching 20%, dwarfing the beleaguered Greece by several leagues.

Non-subscribers should reference Financial Contagion vs. Economic Contagion: Does the Market Underestimate the Effects of the Latter?, for the underlying premise of this in depth article described the upcoming situations with prescience.

Sovereign Risk Alpha: The Banks Are Bigger Than Many of the Sovereigns

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Last modified on Sunday, 06 June 2010 07:59