InvestorMind

The Eurozone debt crisis is getting dangerously close to the monetary union's powerhouse - Germany. Moody's has cut the ratings of several German banks, including the country's second biggest lender. Austria is also affected. Max Keiser, RT's financial guru and host of The Keiser Report smells a rat in all this. He says, the crisis is the chance for some to make a fast buck.

A report from Reuters today says that the German 10-year bond auction was a disaster. The low returns offered by the bonds deterred investors. The returns offered was just 2 percent annually over 10 years. The returns were pushed to the 2 percent due to demand from investors running towards German Bonds as a shelter from the debt crisis that threatened Greece, Spain and Italy. The bond market is one of the best indicators of the state of a country's economy. With very little interest in German bonds, the market is now showing that it is starting to think twice about investing in Germany considering that Germany is now underwriting a lot of Eurozone debts. Full story from Reuters .