On the other hand, if you don't care for all that leverage then just go with [[TBF]] which is the 1X version of what [[TBT]] is doing. (aka sovereign debt crisis) Quantitative Easing Part 2 (QE2) policies that have many critics and many potentially harmful unintended consequences like dollar devaluation, currency war, rampant inflation etc. Just make sure the holdings of the fund focuses more on the big money center banks and doesn't really include much in the way of insurance companies or credit card firms.