NORWAY WHILE EUROPE CRASHES, SMALL COUNTRIES FLOURISH by Sanford Pinna, M.D. Copyright 2012 It has always been my contention that the underlying cause of the business cycle and the booms and crashes [...]
Moody’s downgrades Danske, other Danish banks From REUTERS NEW YORK – Moody’s Investors Service on W ednesday downgraded nine Danish financial institutions, pointing to sluggish economic growth, risks from the euro zone debt crisis and structural changes to the covered bond market, a reliable source of cash. The Moody’s cut comes the same day that [...]
ANGELA MERKEL AND DAVID CAMERON CAN EUROPE SURVIVE? by Sanford Pinna, M.D. Copyright 2012 QUICK ANSWER: UNLIKELY! Today, we are seeing the investors of the world pull their money out of Europe and out of the Euro. As a consequence, equity markets in the rest of [...]
GREECE CAN STEAL AS MUCH AS IT CAN GET! by Sanford Pinna, M.D. Copyright 2012 The charade in Greece is becoming an incredibly funny farce. Across the world the unwitting public believes that if Greece does not repay its Sovereign Debt, that is, loans from the banks of other European countries, it will [...]
SPANISH BONDS DROP AS INVESTORS LOOK CLOSER Worries about Spain’s finances intensified Tuesday as the country’s cost of borrowing on international markets rose despite expectations of a new round of austerity measures. Spain’s main stock index, the Ibex 35, shed almost 3 percent, to drop below 7,500 points, the lowest since March 2009 when the [...]
Until This is Fixed… There Will Be No Recovery By Graham Summers, from ZERO HEDGE A few weeks ago I penned a series of articles relating to the “cancerous” policies of the Federal Reserve and how said policies are killing the basic principles of Democratic Capitalism. Of those basic principles, one stands out as being [...]
EUROS PrintBack to story Euro Was Flawed at Birth and Should Break Apart Now By Charles Dumas - Apr 1, 2012 Since the launch of the euro in January 1999, Germany and the Netherlands have experienced a growth slowdown and loss of wealth for their citizens that would not have happened had [...]
