Relevant:
- Espirito Santo Bonds Tumble to Records Amid Missed Note Payments
- Gold Prices Soar on European Bank Worries
- Portugal Is Not Fixed: Banco Espirito Santo Bonds Collapse To Record Lows
- Junk Bond Defaults Worst Since Great Depression. So Why Is The Market Rallying?
- Credit Swaps Polished in $19 Trillion Derivative Overhaul
2014-07-09 — investmentresearchdynamics.com
``I have been warning anyone who wants to listen to get out of the bond market. Â We are being given point-blank warnings from the elitists. Â Two more huge warning flares were sent up this morning... a Portuguese bank, Banco Espirito Santo SA missed a bond payment and its bonds did a cliff-dive... In just five minutes of using Google, I found several Black Rock bond funds that are exposed to Portuguese debt. Your genius adviser probably has you in one of these funds...''
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