In an attempt to strengthen an ailing Euro, Nicholas Sarkozy and Angela Merkel decided to meet yesterday and hammer out a proposal that would in effect calm markets and boost growth. The proposal did anything but that and have sent European stocks downward this morning. The proposal recommended tightening the loose unity among the 17… Continue Reading
The current economic slow down and market response over the past month (Dow has been down 8.9%), has forced investors to look at creative and stable solutions to save their investments and possibly squeeze some profits. The key is to look global and towards the emerging markets. Vedanta (VED.L), a diversified mining company has a… Continue Reading
Markets are set to open slightly higher as hopes that this week will be less volatile than last week. There is something calmness and those investors that have staked their retirements and lifestyles on the markets want stability. Unfortunately for them the market could very well have a certain level of volatility for some time.… Continue Reading
Worth a listen even if you don’t agree with everything Professor Stiglitz says. Jeff Macke asks the right questions. Continue Reading
The S&P credit rating company decided to finally downgrade the US to AA+. This is the first downgrade by a major credit rating agency in the history of the US. The Obama administration seemed to be surprised by the turn of events with the treasury saying that the S&P had made mistake. “A judgment flawed… Continue Reading
The CME Group – the world’s “leading and most diverse derivatives marketplace) has increased the price of trading Treasury futures. This, according to a recent Reuters article, is an “effort to curb market swings created by growing fears of a government default.” This latest action comes after CME increased the Treasury futures’ margin requirements. Usually,… Continue Reading
Western Australia Wins Based on last month’s CommSec State of the States quarterly report, it seems that hands down, out of the whole country, Western Australia’s economy is the strongest. The way the economic growth test was undertaken was to investigate the following issues: construction work; dwelling commencements; economic growth; equipment investment; housing finance; population… Continue Reading
Alfredo Perez Rubalcaba – the current Spanish Socialist Party candidate for PM – requested the country’s banks make greater contributions and its rich individuals to provide assistance in an effort to “help end the country’s deep economic crisis,” as reported in a recent Nasdaq article. He also said that “it’s time for those who’ve suffered… Continue Reading