At the precipice of disaster

I haven’t been posting too much over the past several months as things in our country continue to deteriorate at the usual pace, fast and un challenged!

 

The economy is fragile and the ‘medicine’ that Ben Bernanke is giving the ‘system’ will soon become the poison–it is inevitable. This is not just me spouting [...]

Euro Crisis Continues

The demise of our global economy is not an event that will go in a straight line to the bottom. It will be up and down with lots of posturing on behalf of the ‘leaders’ of the ‘developed’ countries.

 

Today is yet another example of this political posturing as the European Central Banker came [...]

Euro Problems not Over

Since my last posting on this subject,not a whole lot has changed. Well, except the fact that this situation is getting worse, as we all knew it would, and the markets are noticing.

 

The stock markets have fallen in 3 of the last 4 days and most of the MSM is placing the blame [...]

Economic Disaster coninues to unfold in Europe

As the financial disaster in Europe continues, the German Chancellor Merkel tells Spain to think again on a bond issue backed by the European Community. Spain’s borrowing costs have sky rocketed and are close to 7%. To put that in perspective that is a historical high! For a sovereign country to pay more than a [...]

Stockton CA set to vote to file bankruptcy tonight!

Stockton CA set to vote on reorganization [...]

Moodys set to downgrade Spain to JUNK!

Spain is poised for a downgrade to junk by Moody’s Investors Service, according to investors who sent the cost of default insurance for the nation’s biggest banks and companies close to record highs. [...]

Greece…No one is convinced

Just a day after Greece voted to ‘stay in’ the EC, Spain’s bond yields hit Euro record highs, saying the markets are not at all convinced that this crisis is over-not by a long shot [...]

Forex after market closed Sunday due to Greece elections

Oanda, which offers ‘after market’ trading will not accept trades this Sunday due to the potential for wild volatility as Greece election results come in. The ‘Forex’ market will open as usual Monday morning.

 

This is huge folks. I can’t remember a single instance of this occurring and I have been in the business [...]

Euro Collapse Imminent

With Greece wanting out of the EC and further economic woes hitting all the ‘PIGGS’, some are reporting that the Euro has collapsed, at least unofficially. [...]

Iceland could be the model for economic crisis

Since the end of 2008, the island’s banks have forgiven loans equivalent to 13 percent of gross domestic product, easing the debt burdens of more than a quarter of the population…“You could safely say that Iceland holds the world record in household debt relief,” [...]

S2T-2