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In some of the most volatile global markets in recent years, S
The biggest risk in 2012 is the same as in 2011: the eurozone crisis. While the situation in Europe receded from the headline over the holidays, it promised to return in 2012. Bond Italy, as I write this, is above 7%, the rate at which the Government of Italy would not be able to finance itself sustainably. All told, the countries of the euro zone must pay or rollover about € 1.2 billion by 2012. With global investors are increasingly skeptical of the euro and the euro zone itself, who is going to buy all that debt and what price?