Formally established in 1993, the eurozone, often referred to as the “European Union,” is a political and economic union established after the ratification of the Maastricht Treaty by members of the European Community. It has since expanded to include some Central and Eastern European nations. The establishment of the eurozone provided for the creation of a central European bank and the adoption of a common currency: the euro. The idea behind the eurozone is to create a single geographical market where goods, services, and money can be exchanged freely.
The stock market has shifted its focus to the first-quarter earnings season. Based on early expectations, it will be an ugly quarter for U.S. companies, specifically the multinationals.Expect Continued Disappointment for Rest of First-Quarter Earnings SeasonA few weeks ago, we received some hints that the first-quarter earnings. Read More
The possibility of capital controls coming to the U.S. is not as much of a stretch as you may think. Consider the precedents and don’t be caught off guard.Capital controls are any measure taken by a government authority that limits the flow of foreign capital into and out of the domestic economy. In its ugliest forms, capital controls. Read More
Greece’s Anti-Austerity Platform ReimaginedWhat happens if Greece exits the eurozone? We’ll have to wait until the end of June to find out. Or at least be subject to four more months of pundits explaining what could happen.That’s because Greece’s creditors, the “Troika” (the European Central Bank, the European Commission,. Read More
For the next little while, I am watching three events—I’ll call them developments—very closely. These developments could impact gold prices and cause sharp movements to the upside in a very short time. What are these developments? Talks of Greece’s potential exit from the eurozone, rising interest rates, and an economic. Read More
Greece, one the most troubled nations in the eurozone, has elected a radical left-wing political party named the Syriza that’s against the austerity measures placed on Greece by the “troika”—that’s the European Central Bank (ECB), the European Union (EU), and the International Monetary Fund (IMF).Syriza wants to renegotiate. Read More