What's on Jack's market watch list? Frequent CNBC-TV guest contributor and Harbor Advisory's Chief Investment Officer, Jack De Gan, is keeping an eye on:

Time for a Eurobond

August 24, 2011

The sovereign debt crisis in Europe needs a big and bold solution. It is time for the 17 countries to unite behind the idea of issuing Eurobonds. The full faith and credit of each of the 17 members would be pledged to back the payments and a pool of between 1 - 2 trillion Euros of bonds; the proceeds would be used to purchase much of the outstanding debt of the weaker nations in the group. This would ease financing conditions of the weaker nations, strengthen their economies, lower interest rates and shore up the balance sheets of the beleaguered European banks. Financial markets would become calmer, allowing for greater economic confidence and perhaps averting a double dip recession in Europe and the U.S.