Our prediction that the fiscal cliff would be resolved has turned out to be partially right.
It is important not to get carried away with optimism because only one part of the three-part puzzle has been ...
NEW ECB BAZOOKA OFFERS OPPORTUNITY
European Central Bank Chief Mario Draghi may follow the U.S. lead and fire off his own bazooka.
Requesting broader spending powers, Treasury Secretary Hank Paulson famously told Congress that he needed “a bazooka” to head off ...
WHY I AM DIPPING MY TOE IN EUROPE
I have a bad habit of regularly studying a wide variety of boring documents ranging from central bank reports to obscure economic indicators. Lately, it has been difficult to find anything positive about Europe. Since ...
BIG EUROPEAN BANK FAILURE AVERTED: WHAT CENTRAL BANKS DID NOT TELL US
It appears that a big European bank got close to failure last night. European banks, especially French banks, rely heavily on funding in the wholesale money markets. It appears that a major bank ...
DRAGHI CHANGES THE GAME FOR STOCKS, GOLD, SILVER AND OIL
It turns out that Mario Draghi is Super Mario. Mario Draghi is an ex-central bank governor of Italy who just took over from Jean-Claude Trichet the presidency of the European Central Bank (ECB).
In a surprise ...
BUYING EUROPEAN STOCKS AND SHORT SELLING EURO (STD, EWI, FEU, EUO, FXE)
We are buying a basket of European stocks Banco Santander, S.A. (STD) current price is $9.22, iShares MSCI Italy Index (EWI) current price is $13.58, SPDR STOXX Europe 50 (FEU) current price is $30.38 ...
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