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As part of a plan to lower Greece’s debt burden, and to try and contain the two year European Union crisis, it has been reported that euro zone leaders have come to an agreement with private banks and insurers. The agreement imposes upon those banks and insurers to accept a 50% loss on their holdings […]
September 30, 2011
US Durable Goods orders dropped while consumer spending and consumer confidence are down. Corporations are not hiring new employees or investing, despite sitting on 2 trillion dollars in reserves. The financial markets are once again concerned with the growing number of people still being fired, and home sales are down to record levels – due […]
September 15, 2011
The spiraling financial downfall towards default began with Greece and has spread to Ireland, Portugal, Italy and Spain. At first it seemed impossible, then unlikely, and now headlines actually predict that Greece is 98 percent likely to default on its sovereign debt. If Greece defaults, EU leaders and ECB officials will be trying to come […]
August 17, 2010
Who’s the leader of the Pack? No One The US dollar is up… for today anyway. It’s down tomorrow. The Nikkei (Japan) stock market is up, and the US and Europe equities market is down. Recently, Spain’s debt rating gets downgraded by Fitch (Rating agency) impacting the Euro, sovereign and corporate debt pricing, stock pricing […]
October 28, 2011
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