Off the Cuff with Mish & Chris resumes this week, with Mish recently returned from a trip to Europe.
In this week’s podcast, Chris and Mish tackle:
- Europe: Sovereign bond rates are jumping, as rating agencies downgrade the PIIGS countries; bailout risk is growing, with Italy & Spain looking increasingly vulnerable. A successful ‘containment’ of the crisis appears less and less likely.
- The end of QE2: Why those expecting a second-half economic pickup are likely to be sorely disappointed. Precious metals will react dramatically if QE3 is announced.
- Debt ceiling dramatics: A deal is likely, but the odds of a government shutdown are higher than are being admitted.
by jeigen12