Diane Alter: In attempts to ease its mushrooming financial pains, Spain unveiled new austerity measures today (Wednesday) that aim to reduce 65 billion euros ($80 billion) from the public deficit by 2014. Read more…
NYSE:EUO, NYSE:EWG, NYSE:EWP, NYSE:FXE, NYSE:VGK
Diane Alter: Fresh reports pointing to a slowdown in the struggling U.S. economy, coupled with worries of Europe’s fiscal woes, have experts warning that Recession 2013 is inevitable. Read more…
ETF BASIC NEWS
Diane Alter: Oil prices have taken a backseat lately to the turmoil in Europe and Obamacare. But investors and consumers are starting to take notice again. Read more…
NYSE:ERX, NYSE:ERY, NYSE:UCO, NYSE:USO, NYSE:XLE
Diane Alter: Late science fiction writer Ray Bradbury wasn’t referring to investors when he said, “you’ve got to jump off cliffs all the time and build your wings on the way down,” but he might as well have been referring to the upcoming fiscal cliff in 2013. Read more…
NYSE:FAS, NYSE:FAZ, NYSE:SKF, NYSE:XLF
Diane Alter: Moody’s ratings agency issued five U.S. bank downgrades Thursday and a total of 15 cuts for global institutions, but markets shook off the news. Read more…
NYSE:FAS, NYSE:FAZ, NYSE:SKF, NYSE:XLF
Diane Alter: Silver prices dipped last week after U.S. Federal Reserve Chairman Ben Bernanke failed to confirm that more economic stimulus is on the way. Silver prices hovered below $29 an ounce Friday. Read more…
NYSE:AGQ, NYSE:GLD, NYSE:SLV, NYSE:ZSL, PSLV
Diane Alter: What is Taxmageddon? If you don’t know, that means you aren’t prepared for what is shaping up to be the most damaging attack on your household finances. Read more…
ETF BASIC NEWS
Diane Alter: Silver prices Friday headed for a gain of 0.9% this week, its biggest weekly gain in nearly two months as the metal has taken a dip this year. Read more…
NYSE:AGQ, NYSE:GLD, NYSE:SLV, NYSE:ZSL, PSLV
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