PIGS crisis just the biggening?

The sovereign default fears in the European countries is very small compared to what the real scenario is...7 states in the US are bankrupt...there is a limit to how much money can be printed by governments...ultimately there is going to be tightening of policies to bridge the deficit...which leads to deflation, crash of equity, commodities...and a rally in the Dollar Index

Back home the Nifty has broken 4700 on an intraday basis..let us see if it closes below 4700...

US heading towards bankruptcy - shorting opportunity of a lifetime

US Debt including unfunded obligations is around $100 trillion
http://www.usdebtclock.org/
http://brillig.com/debt_clock/faq.html




The Guidotti-Greenspan rule states that reserves should equal short-term external debt (one-year or less maturity)for a country to avoid going bankrupt.

The USdoes not have reserves to pay the financing costs for the enxt 12 months.

The fact of the matter is than anybody who is overleveraged be it an individual, a company or a country (like what happened in Dubai) is at high risk for bankruptcy.

The US is on the tip of a massive collapse. Great fortunes can be made by shorting the DOW/S&P. It's just a matter of time before this situation pans out.

Another one bites the dust

CIT bankruptcy could weaken sentiments. Are we seeing a Lehman type scenario here where there was a huge crash after Lehman went bankrupt.

http://www.bloomberg.com/apps/news?pid=20601087&sid=awJj2p2GTk.I&pos=1

Large US corporate bankruptcies accelerate

The bad news continues from the West despite the govt printing money like nobody's business.
http://www.reuters.com/article/wtUSInvestingNews/idUSN1628717520090616

The long term charts for India are very bullish, but in the short term the direction looks downwards.