Calculated Risk has been following the EU debt situation for a while now and has had a lot of great comments on the amount needed to back stop greece, portugal, and ireland.
Side note, great website here.
Anyway I'm not to knowledgeable on the subject but I just want people to know things might just, just starting to get better here, but there is still a lot of crap in the pipeline overseas. This is to say that our situation is pretty peachy itself.
Anyway read up:
and calculated risk and its short comments, great site though: http://www.calculatedriskblog.com/2011/01/europe-…
Whole western world is looking at the same issue. U.S. municipalities as well.
Getting short minis might be the bet of 2011. Volatility looks to be best in rates and fx going into the new year.
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