Economics and Investing:
Those pesky derivatives again: The Next Shoe To Drop: European Insurance Companies – Assicurazioni Generali CDS Explodes. (Thanks to J.B.G. for the link.) Another from J.B.G.: US Ready to Back Bigger EU Stability Fund: Official. John R. sent these two items: EU Outlines Bond Restructuring Plan Also from John: EU rescue costs start to threaten Germany itself. “The escalating debt crisis on the eurozone periphery is starting to contaminate the creditworthiness of Germany and the core states of monetary union.” Mounting calls for ‘nuclear response’ to save monetary union. (Thanks to J.B.G. for the link.) Dr. Housing Bubble reports: The …