Tuesday, March 22, 2011

EU Death Watch Update

Updated graph below showing the European Union member country bond yields.  Rates (yields) rising means that bonds are losing value as investors require a higher premium to take on the risk of investing in the country's debt.

As Greece and Ireland scream upward to record highs, Portugal is right behind and moving closer to their coming bail out package.


The mirror image of the chart is the 1 year price of gold which is also closing in on a new all time record high.

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