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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) […]
Would you believe that the 10 year bond yields on Greece debt are close to breaking out – again? Greece bond yields on the rise (Source: Bloomberg.com) Looks like $1 trillion only kicks the can down the road a few months! A trip down memory lane: Chucking at the Greece bailout when reported on May […]
Not much new on Wall Street today – another lazy day in late summer. Stocks continue to churn on anemic volume just above key support levels: The S&P continues to mill about just above its key support at 1040. (Source: StockCharts.com) Meanwhile, it seems like most investors are well aware of the fact that September […]
Standard & Poors just lowered its rating on Ireland (Source: Dow Jones): Standard & Poor’s Ratings Services trimmed its rating on Ireland, saying the projected fiscal cost to the Irish government of supporting the hard-hit financial sector has increased significantly above prior estimates. Ireland’s banks were stung by the property-market crash. They made big loans […]
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 […]
Flipping through the Wall Street Journal Online, there’s not much love for Europe or the Euro right now, as headlines read: EU Worries Push Stocks Lower Europe Contagion Infects Global Markets Turmoil Helps Push Euro to a 14-Month Low (For some further fun reading on being a WSJ contrarian, check out our fun piece on […]
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 […]
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