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 [...]
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 [...]
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 [...]
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 on reorganization [...]
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. [...]
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 [...]
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 [...]
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. [...]
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,” [...]