Search completed
By Chuck Butler, EverBank Good day. I got all my “home alone” chores done last night, of course after going home and taking a nap! It’s still blazing hot here, but when you work inside all day, it doesn’t matter much. But since I once had a job as a young man, in the hot Oklahoma […]
When the hammer comes down on Europe’s sovereign debt mess, it’s going to be a real doozy. Check out this chart the New York Times ran which illustrates who owes who money in Europe. It’s a complete mess! The best part is that not only do the PIIGS all owe each other a lot of […]
We’ve written a lot about the outlook for the Euro and the Eurozone recently, and any way we slice it, it sure doesn’t look good! Perhaps fellow contrarians David Galland and Kevin Brekke can find a silver lining to these dark storm clouds? Read on to learn more… *** The Euro Is Screwed By Kevin […]
The great Milton Friedman famously predicted in 1999 that Europe would not survive it’s first economic crisis – it’s looking more and more like Uncle Milt is going to be right on the money. The debt ratings of the PIIGS are going down faster than a stack of dominoes, with Spain being the latest Club […]
About a month ago, Marc Faber told Bloomberg that we could easily see a correction of 20% if the S&P topped 1150 and approached 1200. Well, it seems like we’re just about there, so we’ll see how Faber’s near term musings fare in the weeks ahead. You can check out a video of Faber’s Bloomberg […]
The bond vigilantes are circling the wagons in Greece, as investors are coming to grips with the obvious fact that Greece is not going to be able to honor its debt obligations. Yields on Greece’s 10-year bonds soared above 7 percent today. Reuters reports: Jitters about Greece resurfaced following reports that Athens wants to amend […]
Interesting take in Daily Wealth on why the dollar is about to rally vs. the Euro (scroll to bottom – though the top article is good too). My opinion – even if the dollar does not rally vs. the Euro, I don’t think it has much farther to fall vs. the Euro either. However the […]
This about sums up the sad state of our currency.
It was a nice buying opportunity for some currencies yesterday, but the window didn’t stay open long. I’m glad I had time (and the guts – it wasn’t an easy call) to pull the trigger. From the Daily Pfennig’s Chuck Butler:“Good day… And a Terrific Tuesday to you! Well… I sure received a shock yesterday […]
Recent Comments