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The bear market in life, liberty, and property may still have some room to run – especially if today’s election in France is any indication. The need for austerity will soon meet unrealistic handout expectations in the US, Western Europe, and Japan, writes David Galland. On the bright side, though, the economics professor from Florida […]
Is Europe’s Atlas beginning to shrug at the weight of the continent’s collective sovereign debt? Courtesy of John Mauldin’s Weekly Letter: Speaking of downgrades, Egan Jones downgraded Germany from AA to AA- and put the country on negative watch. This is important, as this is what I believe to be the most credible rating agency; […]
Some very foreboding straws in the wind… (Big hat tip to our regular reader and correspondent Dr. Evil, who greatly assisted with this piece!) 1. The spread on 10-year French debt over German bunds reached 2%, the highest since the formation of the euro. Lately we’ve seen the market increasingly question France’s ability to serve […]
Great job by our pal Jonathan Lederer, who hit the nail on the head in his most recent market commentary. He actually published this piece Friday morning, as the markets were going ballistic – too bad I didn’t get the piece published until this morning! Oh well, as long as you’re not short-term trading (and […]
The Merkel pic is pure gold! Great job by Eric Fry and our other friends at The Daily Reckoning.
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 […]
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