Tagged: defaults


Massive Cascade of Eurozone Defaults Coming Up

via Mish: As soon as any major country exits the Eurozone (and possibly some lesser ones), a cascade of defaults, unparalleled in history will commence. The only way to stop such a cascade would be...


When Sovereign Defaults Create a Depression

by Martin Armstrong The 1840 Presidential Election took place in the midst of a great depression that was set in motion by State Sovereign Defaults after Andrew Jackson shut down the Bank of the...