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Tom Essaye: One of the most watched events last week was the European Central Bank’s (ECB) interest rate and monetary policy decision. And while it met most of the market’s expectations, it wasn’t without surprises. Read more…
Michael Snyder: With each passing day, the banking crisis in Europe escalates. European banks (NYSEARCA:EUFN) are having their credit ratings downgraded in waves, bond yields are soaring and billions of euros are being pulled out of banks all across the eurozone. Read more…
Daniela Pylypczak: To say the least, the world economy has had a bumpy ride since the onslaught of the unprecedented financial crisis that rocked the world in 2008. Despite several glimmers of hope in the U.S.’s ability to bounce back, Euro Read more…
Monty Agarwal: A 10-page document prepared by analysts in the so-called “troika” of international lenders (the European Central Bank, European Commission and International Monetary Fund) — marked “strictly confidential” and dated Feb. 15 — was meant for only the top brass of the troika. Read more…
Michael Snyder: An economic nightmare is descending on Europe. With each passing month, the economic numbers across Europe get even worse. At this point it is becoming extremely difficult for Read more…
NYSE:EPV, NYSE:EUO, NYSE:EWG, NYSE:EWI, NYSE:EWP, NYSE:IEV, NYSE:VGK
Tom Essaye: The market has been watching Europe (NYSEArca:VGK), particularly the fact that (as of this writing) a deal still hasn’t been struck between the Greek government, the Troika (the ECB, IMF, and euro-zone leaders), and private holders of Greek debt (bankers, hedge funds, and sovereign wealth Read more…
Michael Snyder: I wish that I had an “aha moment” to share with you today, but instead all I have is an “ack moment” to share. As I was analyzing all of the info coming out of Europe (NYSEARCA:VGK) in recent days, I came to the following realization: “Ack! They are actually going to let Greece default!” Read more…
Michael Snyder: The euro (NYSEARCA:FXE) is a dying currency. On Thursday, the EUR/USD fell below 1.28 for the first time since September 2010. In fact, as I write this the EUR/USD is sitting at 1.2791. Back in July, the EUR/USD was over 1.45. But this is just the beginning. The euro Read more…
NYSE:EPV, NYSE:EUO, NYSE:EWG, NYSE:EWI, NYSE:FXE, NYSE:IEV, NYSE:VGK
Monty Agarwal: 2011 has been a challenging year for a lot of investors, amateurs as well as professionals. Buy and hold mutual fund type strategies have simply not worked. Trends have disappeared too and have been replaced by sideways markets that see monstrous moves — in either direction — in the Read more…
Yiannis Mostrous: Since the outset of Europe’s (NYSEARCA:VGK) sovereign-debt crisis, we’ve argued that the EU treaty would need to be revamped to effectively deal with the situation. The EU continues to fail to achieve this goal. There’s plenty of blame to go around, from the sinners in the EU’s Read more…
Kent Moors: I am in Frankfurt, Germany (NYSEARCA:EWG) right now attending three days of meetings, and I must say they’re shaping up to be quite interesting. Read more…
Kevin McElroy: My biggest bone to pick with the mainstream media with regard to the European and American debt crises is that almost no one actually does their homework. Read more…
Sy Harding: It’s incredible when you think about it. Greece is one of the smallest countries and economies in the world. Its population is 11 million people out of the 492 million in the combined European Read more…
Kevin McElroy: What in the world is going on in Greece? I don’t know. I can’t tell. At first it looked like they were on the cusp of accepting the European Union – EU’s hammered-out proposal which included banks taking a 50% haircut on Greek bonds among other concessions. Read more…
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