Euro

The numbers coming out of the eurozone continue to point to a monumental new recession…something I’m very concerned will make its way over to America.  Eurozone unemployment has hit its highest level since the euro was introduced (1999). Among the 17 countries that make up the eurozone, December…

After 36 years, France has lost its coveted AAA credit rating. S&P downgraded France’s AAA credit rating one notch to AA+ late Friday, and the bad news didn’t stop in France. S&P maintained its outlook as negative for the country, which means that there is a one in…

In spite of the eurozone mess, U.S. markets appeared to have forgotten about the severity of the chaos in Europe, instead focusing on a good jobs report and domestic renewal. January began with a bang, with the NASDAQ up close to five percent before some selling surfaced last…

It’s payback time… In 2008, the now infamous bust of the U.S. housing market placed extreme pressure on U.S. banks and it created a credit crisis in America. A homegrown U.S. recession was then quickly exported to Europe. Now it’s Europe’s turn to return the favor. The debt…

Back in 1473, more than 500 years ago, a bank was born in Bologna, Italy. Through the centuries, the bank grew and grew its base. It would eventually absorb the nine largest banks in Italy and “combine” its assets with a large German bank. Today, the “little” bank…

U.S. investors are starting the year 2012 with a nice positive push in equities, but caution is warranted due to the turmoil that continues in the eurozone. It appears we’re beginning to see the cracks growing larger in the euro and companies are being hit hard on that…

There is no doubt. Concern over the eurozone is stagnating growth in the Europe. It was reported this morning that the unemployment rate in the United Kingdom is at a 17-year high (Source: London-based Office for National Statistics). Thomas Cook, the world’s oldest travel firm and the eurozone’s…

Don’t be fooled by the recent upswing in the markets. It’s true that the economic situation continues to improve across America, but there is still the $15.0 trillion in U.S. debt along with a mounting deficit, not only in the country, but across many states. And, as we…

As 2011 rolls to a close, we have seen some violent moves in stocks, commodities, interest rates and currencies. It seems as if the bottom is in; the future is bright, as Europe is about to end all of their problems this Friday. However, I wouldn’t move so…

Stocks surged over four percent on Wednesday after some of the world’s central banks decided to link forces and make sure the European debt risk doesn’t worsen. China will also cut the bank reserve requirement to drive more lending and spending. But don’t be fooled, I’m not convinced…

The sovereign debt issue in Europe is a direct threat to the U.S. stock market. It’s been like this for the last year, and it is likely to stay like this well into 2012. Prior to the European sovereign debt crisis, U.S. equity investors didn’t really care about…

Greece’s gross domestic product (GDP) in 2010 was only $304.87 billion. The proposed Greek “bailout” by the European Union includes about $180 billion in cash and a 50% cut in Greece’s debt. This is equal to more than one year’s GDP for Greece. It’s a huge bailout. It’s…

The situation in Europe is akin to a Greek Tragedy. There is bickering, in-fighting, and distaste for each other that makes it extremely difficult to get things resolve. The end result is that stock market is suffering. Europe is facing a debt crisis. It’s as simple as that.…

It’s still one big trading range for the stock market and, with no glaring catalyst for taking action, range-bound trading is more likely to prevail over the near term. The S&P 500 Index has done a good job in recovering over the 1,200 mark, but it is still…

There’s plenty to say about the economy and the stock market this morning…my opinions on both can be found below. But right now I want to talk about something the media and analysts have not been focusing on, something I believe will eventually come to bite us hard…

It’s a bird. No, it’s a plane. Maybe it’s Superman! Sorry, it’s none of these things; it’s your friendly central banker to the rescue again! Couldn’t believe the news yesterday morning… To calm banking concerns in Europe, mostly centered around the repercussions of a default by Greece, the…