June 11, 2012
The $125 billion injection to the Spanish banks was not as well received as bulls would have hooped for. As I had earlier commented on, this is nothing more that a misdirection for the sake of taking some of the heat off a probable Greek exit.
Unfortunately, the European financial “gurus” just cannot get any respect after many failed attempts to solve the the financial woes of their poorly designed monetary system. Perhaps they should start to do Read more
May 21, 2012
There has been a consistent level of money leaving Greek banks for the past several months. But, last week saw a real surge in the withdrawals as the panic levels are rising since the government is in shambles.
With all of the jawboning over the last 18 months, Read more
May 15, 2012
This weekend, the NY Times did an extensive review of the college debt burden that is growing exponentially.It comes at an interesting time when the unemployment rate of under 25 is still close to record highs and the vote to extend the low cost loans is hanging overhead.
Something is going to have to give or we are strolling down a path Read more
May 14, 2012
The yields on Spanish debt are exploding over the “acceptable” levels again. At the same time, time, CDS levels are the highest since last December.
The exit of Greece from the Eurozone is being talked up among the members in a way that is obviously for Read more
May 7, 2012
Overall it was a very sloppy day. Perhaps the relief that Greece may be looking to leave the Euro region was reason for European markets to move higher. But, it will obviously cause Greece some hardship. The equity market over in Europe tell the Read more