Financial Markets: What is Happening?

If you haven’t noticed the recent turmoil in world financial markets, you haven’t been paying attention. Oh yes, it will affect you in one way or the other. Wonder what is happening? In July 2007 it all started with was souring debt and derivatives related to sub-prime mortgages.  Essentially, corporate debt and its derivatives. Now, the instability is with sovereign debt of certain not so insignificant European countries: Spain, Portugal, Greece etc. In short, markets got Greeced for shorting. [I love it when I can make a word play out of even serious situation.]

Click here for more charts of sovereign debt CDS