Archive for April 2012

This morning's Spanish bond auctions met decent demand and managed to shave a point or two off the average yield to 5.8%, down from over 6% earlier in the week. So why isn't the market celebrating? The guys discuss this in detail on today's show.

Italy and Spain ran into big problems with their "recovery" this week, as the bond markets gave them thumbs down. The guys explore the ramifications of this and talk about how this is continuing evidence that the fiat monetary system is becoming more and more unstable. Plus, they take a closer look at foreclosures and how an increase will undermine our own country's recovery.

Regular listeners know that we've been saying all along that the crisis in Europe is not yet over. This week, Jake and Walt discuss how Spain's debt sales fell short, and the market tanked.

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