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Michael Snyder: What happens when debt-fueled false prosperity disappears? Just look at Spain (NYSEARCA:EWP). The 4th largest economy in Europe (NYSEARCA:VGK) was riding high during the Read more…
Martin Hutchinson: According to financial consultant David Marsh, writing in CBS Marketwatch, the Bundesbank’s net Target-2 assets ballooned to 615 billion euros ($800 billion) in March, while the Banco de Espana’s net liabilities rose to 252 billion euros and the Banca d’Italia’s to 270 billion euros. Read more…
Martin Hutchinson: Short-term corporate thinking has been blamed for many of America’s economic ills. With little foresight beyond next year, management sometimes closes down plants and fudges accounting to make this year’s earnings look better and boost the stock price. Read more…
Keith Fitz-Gerald: Despite all of its best hopes, Wall Street will never escape what’s happening in the Eurozone. The 1 trillion euro ($1.3 trillion) slush fund created to keep the chaos at bay is not big enough. And it never was. Read more…
Martin Hutchinson: Commentators are wringing their hands again, worried the troubles in Spain (NYSEARCA:EWP) could cause the whole euro project to collapse. As a result, all eyes are now on Spanish 10-year debt yields, which went above 6% last week as the threat of euro-chaos returned. Read more…
Michael Snyder: The economic crisis in Europe (NYSEARCA:VGK) continues to get worse and eventually it is going to unravel into a complete economic nightmare. All over Europe Read more…
Tom Essaye: As someone who has closely watched this European saga for two full years, I have seen a discernible pattern emerge … Read more…
Jack Crooks: There are all sorts of reasons I could list to explain why the euro (NYSEARCA:FXE) will disintegrate. You have heard a lot of them before. But as this crisis continues to drag on, I think many Read more…
Richard Mills: As a general rule, the most successful man in life is the man who has the best information. Trade imbalances – deficits and surpluses – between nations are one of the major reasons for financial crises. Countries become trapped in a vicious spiral – they accumulate debt because they are Read more…
Jeff Nielson: More than two years ago I began warning readers of the most heinous acts of fraud ever perpetrated by the Western banking crime syndicate, which I dubbed “economic terrorism”. These swindles involved nothing less than the destruction of entire European economies, solely so that the banksters Read more…
NYSE:EUO, NYSE:EWG, NYSE:EWI, NYSE:EWP, NYSE:EWQ, NYSE:FXE, VGK
Dominique de Kevelioc de Bailleul: On Friday, it’s now official: Greece defaults. Zerohedge called the event: The biggest debt writedown in human history. Strangely, or not, there was no press conference by the ECB, no bold-letter headlines about the event. Nothing. There was nothing but an Read more…
Larry Edelson: Many already think that the European sovereign debt crisis is passing. That the latest bond deal and bailout for Greece solves everything. But as far as I’m concerned, nothing could be further from the truth. Read more…
Bryan Rich: The theme of the global financial markets is now moving more toward the realization that growth will be ultra-slow (if not recession like territory), unemployment will remain persistently high and global economic shocks will continue to roll through. This is an important realization. Read more…
Equities closed higher for a third consecutive day but on light trade. The small-cap Russell 2000 (NYSEArca:IWM) matched Thursday’s performance, as it once again tacked on 1.3%. The S&P MidCap 400 posted a solid 0.9% gain, while the Nasdaq (NASDAQ:QQQ) added 0.6%. Big cap stocks lagged on Read more…
Michael Snyder: For a long time, most analysts have believed that if someone was going to leave the euro (NYSEArca:FXE), it would be a weak nation such as Greece or Portugal. But the truth is that Read more…
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