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By Sy Harding U.S. Treasury Secretary Geithner says the debt crisis in Europe is Europe’s problem, and Europe has the means to resolve it if its governments would stop squabbling among themselves and take action. That seems to be the opinion globally, including among eurozone countries themselves. But when it comes to getting beyond the […]
Here’s a great Felix Zulauf interview – the most in-depth I’ve heard in months – courtesy of GoldMoney’s James Turk. Zulauf remains bullish on gold, bearish on the future of the Eurozone, and generally cautious about the global economy. And here’s some more recent coverage of Felix Zulauf. Hat tip JL for the heads up […]
What happens when the lender of last resort has had enough? Finance Minister Wolfgang Schaeuble was quoted on Saturday ruling out a higher German contribution to the euro zone’s rescue fund beyond the 211 billion euros approved by parliament last week. In an interview with the Super-Illu newspaper published on Saturday, Schaeuble said Germany would […]
Our good friend and one of our favorites to follow, Brian Hunt, has been following what he calls Europe’s “most disturbing chart” since December 2010. Here’s an update from Brian – written in his usual wry, sarcastic style that I love… Europe’s “most disturbing chart” is getting worse by the day. In December 2010, we […]
For how much longer will Germany continue to bailout its indebted European neighbors? The “bailout ruling” by Germany’s top court is actually far more stringent than the story headlines suggest. Big hat tip here to our European correspondent Dr. Evil – who sent this along, and quite honestly, basically wrote the whole story! Headline: German […]
Here’s a nice find by guest author Eric Fry – and I have to give yet another hat tip to our European correspondent Dr. Evil, who predicted this a few months ago by saying the bailouts that would be needed by Spain and Italy would further weaken the French balance sheet – and ironically drive […]
While America was waking up to a Labor Day of BBQ and outdoor beer drinking, Italian and Spanish bonds were collapsing versus German bunds. I would have sipped beer all day without a clue, were it not for our intrepid Euro bond expert Dr. Evil, who was kind enough to drop this jaw-dropping chart in […]
Reading headline after headline panning the latest Europe sovereign debt salvation plan from Germany and France, you might be tempted to think that yields were breaking out to new highs. If so, you’d be wrong. For the time being, at least, the bond market appears to be relatively appeased. Since it’s likely that nobody really […]
My good friend and ContraryInvesting.com favorite Jonathan Lederer published his analysis of the US debt downgrade fiasco for his clients, and was kind enough to let me republish for you here. I agree his points, especially #’s 1 and 5…the chart of Japanese rates continuing to pancake after their downgrade is quite an ode to […]
My pal Jonathan Lederer, President of Lederer Private Wealth Management, compiled an excellent FAQ regarding the debt ceiling issue, with his take on a recommended investment approach. Jon was kind enough to allow me to republish his piece here. Debt Ceiling Q&A By Jonathan Lederer, President, Lederer Private Wealth Management With less than three days […]
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