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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 […]
European Central Banks are trying to unload the PIIGS sovereign debt they picked up during the last bout of crisis: At the peak of the debt crisis in Europe, the European Central Bank committed a break with tradition that many at the time considered to be a cardinal sin. The bank began buying up massive […]
Regular contributor Sy Harding takes a look at the measures the Fed and Federal Government have taken to avoid the second coming of the Great Depression – they’ve thrown everything at it, including the kitchen sink. And to give credit where credit is due, Bernanke & Co have (thus far, at least) been successful in […]
Courtesy of our friend and frequent guest writer Sy Harding, here’s his 2011 economic and stock market outlook. Regular readers know that Sy usually errs on the side of caution, so like me, you may be a bit surprised to see him casting his lot with the bullish forecast camp – though he does not […]
Over the weekend I caught a good interview that Jim Puplava conducted with economic commentator Gonzalo Lira about possible shakeout ramifications for the Euro as a result of the accelerating sovereign debt crisis in Europe. Lira laid out two potential scenarios: The PIIGS withdraw from the Eurozone, leaving the sounder core member (Germany, France, etc) […]
Dave Rosenberg touched on the subject of Europe today in his daily missive: Ireland, Greece and Portugal are basically insolvent and we will probably find out in due course that while these countries are too big to fail, and Spain is too big to rescue – this saga is far from over. I thought this would be […]
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