Tuesday, July 3, 2012

Marc Faber: Germany Should Have Left The Euro

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On Bloomber g: Remember: nothing has been fixed... “If you put one or 100 sick banks in a union, it does not change the fact that t...
Tuesday, June 26, 2012

28 Banks Downgraded, Yields Double

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It's not raining, it's pouring in Europe. This was all expected, in spite of the flowery stock market on this first half of the year...
Friday, June 22, 2012

Big Bad Banks Downgraded

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Yesterday Moody's downgraded 15 banks by one to three notches to reflect "the risk of losses they face from volatile capital marke...
Thursday, June 21, 2012

Euro Bailouts: A Giant Ponzi Scheme; At the End of the Day The Whole Thing is Going Bust

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I have been saying this for years. These bailouts don't do anything to fix the underlying causes, it's just can-kicking and a Ponzi ...
Wednesday, June 20, 2012

European Bailout Drawing From From ESM, What ESM?

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These events in Europe are not going away, they simply can't until the real issues are dealt with. How is lending more money going to so...
Monday, June 11, 2012

The Great Bailout Dellusions: Gone faster and Faster; Spanish Bank Bailout Turns Sour

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The markets jumped at the open, but The Wall Street sums it up: Bailouts have been great delusions, or illusions, but their effects ar...
Thursday, June 7, 2012

Like A Broken Record: Spain Downgraded Again, Near Junk

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This looks like broken record, well, that's because they have so many countries in bad shape over there. Fitch downgraded Spain's s...
Friday, June 1, 2012

Investing in 2012: 6 Months Later... Back to Square One

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Enter this on Google Finance: http://www.google.com/finance?q=INDEXSP:.INX and add INDEXDJX:.DJI as comparison. You may receive techni...

Eurozone Unemployment Hits All-Time High

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The bizarre recent market optimism has gone down the drain  today.  On top the dreadful U.S. employment numbers, the eurozone's unemplo...

Unemployment Ticks Higher Again Sinking Silly Markets

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Jobs creation abruptly hit a stop in May, with the economy adding just 69,000 new jobs. Unemployment rate climbed to 8.2%,  rising the fi...
Wednesday, May 30, 2012

Euro Hits Near 2-Year Low on Spain Troubles

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The euro fell today to it lowest level in 23 months against the U.S. Dollar. Spain's banking sector and soaring borrowing costs are...
Thursday, May 24, 2012

Fitch Donwgrades Japan

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Fitch lowered its assessment of Japan’s sovereign credit to A+, still investment grade but just above countries like Spain and Italy. Th...
Thursday, May 10, 2012

Der Spiegel: Bundesbank Has No Clue What is Happenning To Spanish Banks

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German magazine Der Spiegel   has an article emphasizing the need for financial reform not only in Spain but throughout Europe. The ...
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Wednesday, May 9, 2012

Spain Bonds Plunge

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There is no relief in Europe. Spanish 10 year bonds hit a new cycle high today, with the yield moving up to 6.08% - 23 basis points in one d...
Monday, May 7, 2012

Europe Burns, Buffet Comments on U.S.

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While Europe burns today after the defeat of the "austerity" governance, Warren Buffett commented on the bad jobs reports last w...
Friday, April 27, 2012

Canada's Ontario Downgraded

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Moody’s Investors Service’s downgraded Canada's Ontario, following a sharp warning and dimmer outlook one day earlier by Standard ...

Spain Downgraded Again: Shocking?

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Not a real topic for the "shocked" investor since there is nothing shocking here, it was all expected. S&P downgraded Spain...
Monday, April 23, 2012

France Elections: Hollande and Sarkozy Battle for 1st, But Anti Euro Protest Votes Steals The Show

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The 1st round of the french election was a show of the protest vote. Centre-left Hollande narrowly beat the conservative Sarkozy in Sunday...
Wednesday, April 11, 2012

Stunning Natural Gas Drop to Below $2: 1 Handle is Here

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A '1' handle was reached today, simply amazing:
Thursday, April 5, 2012

Golds Repeats the 2008 Period: You Know What Happened Afterwards

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Gold has been dropping lately, but that is a very short term view. Please see the various cycles of gold prices: In particular, the 5 and ...