Posts Tagged ‘
Greece ’
May 16th, 2012 |
By Dan Denning |
Category: Economics, Featured, Politics
Sometime in the next few weeks we're going to find out if Greece can afford to stay in the euro. We're also going to find out if Spain and Italy can afford to leave the euro. Access to credit markets is the key issue. The stigma of default will lock ...
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Tags: default, drachma, euro, Greece
Posted in Economics, Featured, Politics |
6 comments
Oct 28th, 2011 |
By Detlev Schlichter |
Category: Economics, Featured
What struck me most when reading the first responses to the EU summit was this: Most of what you get from the mainstream media pundits or from the financial economists on Wall Street or in the city of London not only misses the relevant points, it usually gets things completely ...
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Tags: ECB deal, eurozone, Greece, inflation, private sector
Posted in Economics, Featured |
2 comments
May 13th, 2010 |
By Dan Denning |
Category: Featured, Macro Economics
Monday was the day the world’s capital markets turned into a giant fiat money casino. Consider yourself warned. You can trade your way to profits this in this market on the tide of easy money being printed now by the Federal Reserve and the European Central Bank. But the financial ...
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Tags: central banks, Greece, welfare state
Posted in Featured, Macro Economics |
12 comments
May 10th, 2010 |
By James Howard Kunstler |
Category: Economics, Featured
The European Union came up with a trillion dollar bailout for itself at the dawn’s early light. Plus, each member gets a Latvian prostitute, gratis. The Germans will love this. It already goosed the Euro back above $1.30 — just when they hoped a lower Euro would help them move ...
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Tags: economies, euro, Greece, the market
Posted in Economics, Featured |
8 comments
May 7th, 2010 |
By Don Stott |
Category: Featured, Macro Economics
The Greeks have been over-spending for decades. I mean stupid stuff, such as allowing civil servants to retire in their 40’s, and permitting their unmarried or divorced daughters to collect their pension after they have died. Government-owned and hugely unprofitable Olympic Airways, government-owned and unprofitable utilities, hundreds of benefit programs ...
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Tags: debt, Germany, government, Greece, hyper-inflation
Posted in Featured, Macro Economics |
73 comments
Apr 30th, 2010 |
By Dan Denning |
Category: Featured, Macro Economics
The simple matter is that many nations have been living beyond their means and investors are beginning to doubt governments are good credit risks. That’s saying something, when governments can simply confiscate from the public the money needed to pay bond holders. But debt-to-GDP levels are now so high across ...
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Tags: debt crisis, Greece, the State
Posted in Featured, Macro Economics |
16 comments
Mar 15th, 2010 |
By Bill Bonner |
Category: Featured, Macro Economics
“Masked youths...attacked the head of Greece’s largest trade union, who was addressing the crowd, and hurled stones at the police. GSEE union boss Yiannis Panagopoulos traded blows with the rioters before being whisked away, bloodied and with torn clothes.”
The Daily Mail account put the blame for these disturbances on Germany’s ...
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Tags: banks, collapse, debt, Greece, protest
Posted in Featured, Macro Economics |
7 comments
Mar 5th, 2010 |
By Dan Denning |
Category: Featured, Personal Investing
Here in the States everyone is keen to see the non-farm payrolls report. It comes out on Friday. Anecdotal evidence (what people say) suggests that the employment situation here is still pretty bad. But government statistics can say pretty much whatever you want them to say.
If you’re looking for the ...
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Tags: Federal Reserve, government, Greece, stock market
Posted in Featured, Personal Investing |
4 comments
Feb 19th, 2010 |
By Bill Jenkins |
Category: Currencies, Featured
Ever since the War Between the States (circa 1860), there hasn’t been a serious (or at least widespread) move for succession from the United States. However, there is a call by some for the State of California to be removed. Have you heard about this?
As you may know, California is ...
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Tags: california, dollar, euro, Greece
Posted in Currencies, Featured |
19 comments
Feb 18th, 2010 |
By Wayne Allyn Root |
Category: Economics, Featured, International
Greece is the insolvent, bankrupt country that threatens to bring down the entire EU (European Union) with its exploding and toxic national debt. But it’s just one of the PIGS- Portugal, Italy, Greece and Spain. The EU is damned if they do, damned if they don’t. If they choose to ...
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Tags: california, deficits, EU, government, Greece
Posted in Economics, Featured, International |
17 comments
