zerohedge.com / By Tyler Durden / May 31, 2013, 09:07 -0400
Ireland has seen its youth unemployment rate drop for 10 of the last 11 months and has dropped to a ‘mere’ 26.6% – the lowest since July 2010 – in what is truly the only possible silver lining in today’s absolutely dreadful data release. [...]
theautomaticearth.com / By Raul Ilargi Meijer / April 3, 2013
Seeing Spanish and Italian bond yields drop over the past few days, it’s impossible not to wonder what it is the markets, whoever they’re comprised of, can’t seem to figure out. Like that the Italian cloud will hang over Europe well into [...]
investmentwatchblog.com / March 30th, 2013
Europe’s Last Green Shoot Is Wilting
Germany, it seems, has had enough with its taxpayers implicitly bearing the burden of the rest of Europe’s profligacy as the final solution chosen for Cyprus clearly shows (especially in light of pending German elections). But with all that ‘stabilitee’ based on one nation’s [...]
johngaltfla.com / by John Galt / March 28, 2013 21:30 ET
Ah, the good old days.
Spain can’t meet it’s goals and needs a break from the European Union.
Italy can’t form a government again (again, again, again, etc…).
Ireland got drunk and forgot to make a bond payment.
Greece well, is [...]
www.goldcore.com /By Mark O’Byrne / 28 March 2013
Whoever thought we’d see the issue of safety of deposits come into question?
We did. Since the Lehman Brothers debacle and near collapse of the world’s financial system, we said that there was a possibility that what happened in Argentina and Russia – capital [...]
silverseek.com / Ranting Andy / Thursday, February 21st, 2013
More MISERABLE U.S. economic news – across the board – and European stocks plummeting due to political and economic issues everywhere. Ominously, the PIIGS are leading the declines; and given their plunging economies, don’t be surprised if they’re back in the news; and right soon.
Italian 10 year government bond yield
acting-man.com / By Pater Tenebrarum / December 31, 2012
Euro Area Carry Trade – From Disbelief to Consensus?
When we noted about a year ago that the ECB’s LTROs were likely to give banks and incentive to initiate carry trades in the [...]
zerohedge.com / By Tyler Durden / 12/02/2012 22:19
Several weeks ago Europe officially entered a double dip recession, and based on various secondary economic indicators, even Europe’s primary economic powerhouse, Germany, is on the verge of negative economic growth. The reasons for Europe’s woeful macroeconomic state are numerous, but boil down to two primary ones: [...]
gainspainscapital.com / By Graham Summers / November 21, 2012
Over the last week I’ve introduced the concept of collateral: the little known basis for the entire financial system. We’ve also addressed why any EU sovereign default would bring about an epic meltdown as EU bonds, particularly those of Spain and Italy are the collateral [...]
trumanfactor.com / By Peter Tchir / November 13, 2012
Many Names for the Same Problem
In the U.S. we talk about Fiscal Cliff and Debt Ceiling. In Greece it has come down to Grexit. Spain still goes by Spanish Bailout or Spanish Unbailout as the case may be. Italy is in denial and hasn’t [...]
rickackerman.com / By Rick Ackerman / October 26, 2012 7:23 AM GMT
Mario Draghi, feather merchant to northern Europe, is once again plying his dubious trade, this time with a slick sales pitch designed to persuade Germany that he can “save” Europe with a financial scheme that makes alchemy look [...]
dailyreckoning.com / By Dan Amoss / October 1, 2012
The stock market will not remain in its current tranquil state. Investors will soon be roused from their blissful trance.
This trance traces its origins back to the mass self-delusion that central banks can revitalize multi-trillion-dollar economies, simply by prodding investors into stocks and other [...]
zerohedge.com / By Tyler Durden / September 21, 2012
Moments ago we saw the following amusing headline crossing the BBG:
ILLINOIS TEACHERS’ PENSION FUND CUTS RATE OF RETURN TO 8% FROM 8.5%
It’s amusing because these are the same teachers who were demanding, and received, higher pay – 17% higher over four years in [...]
dailyreckoning.com / By Joel Bowman / September 11, 2012
Paris, France – “If you know the enemy and know yourself you need not fear the results of a hundred battles.” — Sun Tzu
“The purpose of art is washing the dust of daily life off our souls.” — Pablo Picasso
We’re back in [...]
wealthcycles.com / By Michael Maloney / September 4, 2012
The latest news from Europe reinforces our view that the Eurozone monetary pyramid scheme is teetering on the edge of a worldwide crash–a crash potentially large enough to rock the foundations of the U.S. institutions and the Federal Reserve’s paper dollar.
Missing from [...]
gainspainscapital.com / By Graham Summers / August 30, 2012
Mr Draghi… a few questions for you…
You say that whatever measure you take… it will be “enough” to support the Euro. Seeing as you’ve already spent over €1 trillion via your LTRO 1 and LTRO 2 schemes only to find that:
johngaltfla.com / By John Galt / August 16, 2012 19:05 ET
While the American financial media continues its summer bliss of ignorance, failing to understand the reality on the ground in the PIIGS and Eastern European nations whose economies are collapsing, Ambrose Evans-Pritchard spells out a warning in tonight’s commentary from the U.K. Telegraph:
gainspainscapital.com / By Graham Summers / August 9, 2012
The markets are continuing their short squeeze, Euro-phoria induced lunacy. As a quick reminder the S&P 500 is up nearly 5% while many European indexes have rallied double digits (Spain’s Ibex is up an unbelievable 17%!)
In light of this, we need to [...]
lewrockwell.com / By Gary North / August 2, 2012
The Greek crisis was merely the warm-up act for the main show: the default of Spain and its much-denied departure from the euro.
That departure will leave holders of Spanish bonds with IOUs in euros that will be paid interest in pesetas.
goldswitzerland.com / July 25, 2012
Dr. Roberts was educated at the Georgia Institute of Technology (B.S.), the University of Virginia (Ph.D.), the University of California at Berkeley and Oxford University where he was a member of Merton College. He has been associate editor and columnist for The Wall Street Journal and columnist for Business [...]
dailyreckoning.com / By Bill Bonner / July 24, 2012
Paris, France – From one ragged country to another. We are on a tour of Europe’s unraveling economies. Ireland…Spain…and now France.
Spain was in the news again yesterday. Its borrowing rate rose to 7.5%…a level that everyone says in “unsustainable.” We haven’t done the math [...]
kingworldnews.com / July 23, 2012
With stock markets trading in the red around the world, today King World News interviewed 40 year veteran, Don Coxe. Coxe told King World News, “The situation (in Europe) has gone from worse to truly awful in the last week.” He also warned that “… by the [...]
munknee.com / June 29, 2012
The U.S. already has more government debt per capita than the PIIGS (Portugal, Italy, Ireland, Greece and Spain) do and it just keeps getting worse and worse thanks to both political parties. We are on the road to national financial oblivion yet most Americans don’t seem to care. They [...]
dollarcollapse.com / By John Rubino / June 28, 2012
As everyone knows by now, Greece, Spain and the rest of the PIIGS countries can’t fix their economies because they can’t devalue. If they were still using their old national fiat currencies, so goes the conventional wisdom, they could just mark them down by 30% [...]
marketoracle.co.uk / By Michael Pento / June 27, 2012
The global economy continues to falter and the pace of that slowdown is picking up. Recent data showed that German consumer confidence dropped the most since 1998, as Italian confidence dropped to an all-time record low. The level of Spain’s non-performing loans reached [...]
With growth in Europe having been stomped out by austerity, the union’s leaders are gathering today in an attempt to kindle a new spark. But just how – is proving divisive. The weaker nations want Eurobonds – effectively, a piggy back ride on Germany’s cheap interest rates. But Berlin is having none of it. [...]
news.goldseek.com / By Graham Summers / June 26, 2012
I’ve often been labeled as “Gloom and Doom” in the past, but the situation in Europe today is beyond anything I’ve ever seen before. It is highly likely that the EU will not exist in their current form by the end of the year
blog.hindecapital.com / By Ben Davies / June 25, 2012
Almost a year to the day on June 27th, 2011 I wrote a blog for the popular alternative news broadcaster King World News. It was titled ‘Revolting PIIGs’. I made no apologies for my lack of sensibilities in a follow-up broadcast and still do not [...]
goldmoney.com / June 26, 2012
We saw divergence yesterday between stocks and precious metals – with the former struggling as a result of more euro fears, while the latter rallied higher; the gold and silver selling at the end of last week once again tempting bargain hunters into precious metals. The US dollar also [...]
gainspainscapital.com / By gpc1981 / June 25, 2012
Europe is heading into a full-scale disaster.
You see, the debt problems in Europe are not simply related to Greece. They are SYSTEMIC. The below chart shows the official Debt to GDP ratios for the major players in Europe.
As you can see, even the more [...]