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Message: The Next Cyprus?

If crazy arse money printing wasn't enough, now we have to worry about deposits being looted. A legitimate silver producer, like UC, could see a very sharp rise in the SP over the next few months.

This could be the next Cyprus.

The Next Cyprus?

03/27/2013


In the seven days since Slovenia's new government has been in power, their 10Y bond has seen its yield explode over 120bps as the investing world searches for the next 'Cyprus'-like land-mine. Of course, the Slovenian leaders are proudly denying it all,"Slovenia won't need aid, we can do this on our own," but with the nation needing EUR3 billion in bailout funding and the previous government proposing a 'bad-bank' style breakup, one can only imagine the capital outflows that are viciously circlingthis nation's financial system (given the relative size of their large 'uninsured' depositor base as shown here - SI). How will they solve the problem? By tapping international bond markets of course, "depending on market sentiment."

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