Good Morning: Monday morning markets: Europe is still in a wait and see mode-as the Spanish saga keep going-with no end in sight. Will they/won’t they ask for a bailout. Let’s do the bailout and go on with business. The Greek saga continues-as the Troika continues to talk of how to achieve the 13.5 bln euros [...]
Good Morning: Monday morning markets: Europe is still in a wait and see mode-as the Spanish saga keep going-with no end in sight. Will they/won’t they ask for a bailout. Let’s do the bailout and go on with business. The Greek saga continues-as the Troika continues to talk of how to achieve the 13.5 bln euros [...]
Good Morning: The European Union was awarded the Nobel Peace Prize for promoting peace,democracy and human rights. They were awarded this prize-as the EU was once a continent at war-and now is a continent of peace. Well Done! Austarilia’s RBA is very concerned that the countries GDP is softening-as China’s economy is slowing. The RBA will be able to [...]
Good Morning: Spain was downgraded by S&P to BBB- from BBB+. This brings Spain’s debt rating to the brink of junk. Can you believe that Spanish debt is considered investment grade! A downgrade was expected-but the S&P announcement came as a “surprise”. It could of only been a surprise to those who have been living in a cave [...]
Good Morning: Spain was downgraded by S&P to BBB- from BBB+. This brings Spain’s debt rating to the brink of junk. Can you believe that Spanish debt is considered investment grade! A downgrade was expected-but the S&P announcement came as a “surprise”. It could of only been a surprise to those who have been living in a cave [...]
Good Morning: The European Union was awarded the Nobel Peace Prize for promoting peace,democracy and human rights. They were awarded this prize-as the EU was once a continent at war-and now is a continent of peace. Well Done! Austarilia’s RBA is very concerned that the countries GDP is softening-as China’s economy is slowing. The RBA will be able to [...]
Good Morning: The IMF cut it global GDP forecast-yet again. For 2012-they cut their estimate by .2%. From 3.5% to 3.3%. For 2013-they cut their estimate by .3%. From 3.9% to 3.6%. European Finance ministers are meeting in Luxembourg today-and there is no word about Spain-and any potential bailout. The markets were expecting some comments [...]
Good Morning: The IMF cut it global GDP forecast-yet again. For 2012-they cut their estimate by .2%. From 3.5% to 3.3%. For 2013-they cut their estimate by .3%. From 3.9% to 3.6%. European Finance ministers are meeting in Luxembourg today-and there is no word about Spain-and any potential bailout. The markets were expecting some comments [...]
Good Morning: A fairly lackluster overnight session-with the majors showing no real activity. Fitch Ratings commented that the US fiscal cliff, EU crisis, and a potential “hard landing” for the Chinese economy will be a risk to the global economy. Thanks-I think we knew that! Fitch also commented that the Spanish and Italian recessions are [...]
Good Morning: A fairly lackluster overnight session-with the majors showing no real activity. Fitch Ratings commented that the US fiscal cliff, EU crisis, and a potential “hard landing” for the Chinese economy will be a risk to the global economy. Thanks-I think we knew that! Fitch also commented that the Spanish and Italian recessions are [...]
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