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Archive for May 10th, 2011

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Irish Government Raids Private Pensions to Pay for Spending Crisis

Tuesday May 10th, 2011   •   Posted by David Theroux at 10:03pm PDT   •   0 Comments

In “Irish Bombshell: Government Raids PRIVATE Pensions to Pay for Spending,” in the Business Insider, Joe Weisenthal and Gregory White report on what some people consider might be an ominous sign for future policies in the U.S. and other countries to address the gigantic spending and debt crisis. The Irish government plans to institute…
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Betting Against U.S. Government Debt

Tuesday May 10th, 2011   •   Posted by Craig Eyermann at 12:40pm PDT   •   0 Comments

Bill Gross, the manager of the world’s largest bond fund at PIMCO, increased the size of his bet against U.S. government issued debt on Monday, May 9, 2011: (Reuters) – PIMCO’s Bill Gross, the manager of the world’s largest bond fund, raised his bet against U.S. government-related debt in April to 4 percent from…
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