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Eurozone

The Czech koruna and Polish zloty promise strong gains for currency traders against the backdrop of a sluggish euro in 2016. The Czech koruna (CZK) is on a strengthening trend, supported by the current account balance of payments for November, which showed an unexpected surplus of 12.4 billion.…

VLKAY Stock Has Settled Down, But It’s Just a Calm Before the Storm Volkswagen AG (OTC:VLKAY) stock enjoyed a small one percent gain on Tuesday, but it continues to trade at levels not seen since 2007. VLKAY stockholders are not in safe waters yet; indeed, the stock may…

EUR-USD Exchange Rate Could Hit Parity, Says Analyst The euro has lost at least 1.5% to the U.S. dollar, plummeting to 1.1168. The EUR-USD exchange rate dropped in response to news of the decision by the central bank to leave interest rates unchanged. Presumably, the ECB’s continued quantitative…

Brexit: This Should Terrify Investors Everywhere Prime Minister David Cameron is threatening Paris, Berlin, Rome and 24 other European capitals with a referendum over his country’s membership in the European Union (EU). Americans may feel shielded from European events, but Britain’s departure from the EU, nicknamed the Brexit,…

The good thing about the Federal Reserve is that it publically discloses its balance sheet. And from its balance sheet, we can see the Fed has created about $3.5 trillion in new money after the credit crisis of 2008 to stimulate the economy. The problem with the central…

On Thursday September 3rd, the EUR-USD exchange rate plunged as much as 1.26% from 1.1233 to 1.1091. Why? The European Central Bank (ECB) just unveiled a revamp of its quantitative easing program. ECB president Mario Draghi said in Frankfurt that the Governing Council has now raised the purchase…

If you think Greece is holding back the eurozone from an economic collapse, you may be mistaken. At least, that’s according to former hedge fund manager and Goldman Sachs alumnus Raoul Pal. In an interview with CNBC’s Fast Money on July 31st, the publisher of the Global Macro Investor…

Spain may be next in the line after Greece to face an economic collapse, according to the former Greek Finance Minister Yanis Varoufakis. In an interview published on Sunday, August 2nd, Varoufakis warned that “Spain could become like Greece if the same austerity policies are imposed on the…

Youth unemployment hit a 33-year high in June, according to the latest data from the Italian national statistics office, signaling the troubled country and the wider eurozone area could be on the verge of economic collapse. It’s the disappointing unemployment rate that indicates the economic collapse would be…

Many of us are wondering: when will the next stock crash be? Are we on the brink now? And how bad will it be? Well, Marc Faber (aka Dr. Doom) suggests the next stock crash could range from 20% to as high as 40%. If you have followed…

Watching the stock market rise for the fourth straight day on Tuesday, I’m left wondering about the false confidence that appears to be on the surface. My view is that the current state of stock market investing should continue to be guarded with caution and selling into strength.…

Investors were jumping into stock buying on Thursday morning. But while it may be an encouraging sign for the stock market, my advice is not to be fooled by this dead cat bounce. We will likely see oversold buying after bouts of deep selling (as we have been…

Greeks are rushing to buy hard assets—from ovens, to refrigerators, and dishwashers—any hard assets that can hold their value to protect their savings, according to a recent report in The New York Times. (Source: Greeks Spend in Droves, Afraid of Losing Savings to a Bailout, July 9, 2015.)…

There’s increasing noise that questions whether gold prices are being manipulated. Given the current events in the eurozone especially, along with what’s happening elsewhere in the global economy, gold prices aren’t moving higher. In fact, they are going down. The complete opposite of what conventional wisdom says; the…

Billionaire Wilbur Ross believes there is a high probability Greece will exit the eurozone, which could send the nation into economic collapse and prompt a stock market crash. During an interview on Tuesday, July 7th, the distressed asset investor told CNBC he believes there is a 40% chance…

Wall Street opened flat on Tuesday, July 7th, as talks between Greece and its creditors resumed. The U.S. trade deficit widened in May, reflecting concerns over weak global demand. European stocks continue to slide while the euro hit a five-week low against the dollar. In China, the stock…

On Sunday July 5th, Greece’s referendum went in favor of Prime Minister Alexis Tsipras, prolonging market uncertainty and stoking fears of an economic collapse in the Mediterranean region. With most ballots counted, 61% of the country overwhelmingly voted against an austerity program from the European Union and the…

Wall Street opened sharply lower on Monday July 6, 2015, as Greek people rejected the bailout package by creditors on Sunday, putting the euro on edge. European stock markets plunged as Greece’s exit from the eurozone seems to be likely. After Greece overwhelmingly voted against conditions for a…

The Bank of England is warning that a Greek debt default could ripple across global financial markets, possibly triggering a global economic collapse and stock market crash in 2015. In the Financial Stability Report, U.K. central bank Governor Mark Carney said, “the risks associated with Greece and its failure so far…