Will the EU and the world dodge a financial bullet by kicking the can down the road for a 3rd time in Greece? An infusion of money by the EU into Greece that will be combined with promises of additional austerity measures, increased taxes and slashed pensions, may stave off the inevitable sovereign debt default and […]
(Update 11:32 AM: As if investor angst wasn’t running at a high enough level already, trading on the floor of the NYSE for ALL stocks has been suspended for an as of yet undetermined reason although off-floor third market trading is still taking place!) (Update 1:45 PM: Is yesterday’s Tweet from the cyber-hacking organization Anonymous […]
Do Americans, waking-up to the fact that Greece has voted NO to its creditors demands, also understand the risks posed by China and Puerto Rico? Not to mention the potential for serious financial angst in other U.S. cities and countries around the world such as Italy and Spain when they see how Greece makes out. The […]
Now that it appears that the Greek people have voted NO to the bailout terms of its creditors, what happens next? These are the initial thoughts of Mohamed El-Erian of Allianz (formerly from Pimco) that he posted on Facebook. Update on the Greek ReferendumFYI, here’s a quick “Greferendum” update. More to follow.1. Exit polls out of […]
This metaphor is an attempt to describe the Greece crisis in layman’s terms (if anyone agrees, disagrees or can state it in a better way please let me know)! As the owner of a title insurance firm who witnessed firsthand the financial market and real estate industry meltdowns due to people getting in over their […]
This Sunday the citizens of Greece will be voting in a national election that will serve as a referendum on the EU-invoked austerity program that the country has been living through! At stake is the decision that a newly elected government might make to pull Greece out of the Eurozone in what has widely become […]
Despite the fact that there some financial seers pointing to an economic recovery in the EU, the actual data may suggest otherwise! Some of those in the investing arena who have an economic axe to grind (i.e. stock brokers and all-long money managers) have suggested recently that the EU is on the cusp of an […]
Back during the depths of the global financial crisis there was a focus by investors and politicians on the financial viability of the EU PIIGS! The PIIGS are a group of countries around Europe that for better or worse Greece is a prominent member! The concern at that time was that these countries that also […]
The worst-case economic scenario for the Russia-Ukraine-Europe-World conflict! With the downing of Malaysia Airlines Flight MH17, what had been an extremely bad but somewhat localized confrontation between Russia and Ukraine, has now escalated to the point that it could possibly morph into a broader regional military conflict that would jeopardize the flow of Russian natural […]
