This disconcerting story was brought to my attention by our resident commodities expert at Wyatt Investment Research, Kevin McElroy. It's been mostly buried by the main stream media but has substantial implications for exposing the hypocrasy of central bankers tellling us that gold isn't money...
Amazingly, it's being reported that Europe has come to an agreement on bank recapitalization plans and Greek debt forgiveness. The banks will have to get their Tier 1 capital up to 9% by June. That 9% will be calculated based on the value of sovereign debt they hold after write-downs. Back in July...
Europe’s banks are in trouble, big trouble. And the U.S. Federal Reserve is prepared to bail them out. European banks are some of the biggest holders of debt (bonds) from Greece and other indebted Eurozone countries. And they will be big losers if Greece defaults on its debt payments. Throw in...
I hate to embarrass my friend and colleague Andy, but he's easy to pick on. The fact is, while most people in my company regularly buy stocks, he hasn't done so for over a decade. He's an anomaly, and we give him a hard time. That is until we saw how much money he makes in the markets. Last...
The S&P 500 is doing its best to build on the half-point rally it put together last week. All in all, there's no reason to expect stocks to reverse recent weakness and launch toward previous highs. It's better to see stock consolidate after the recent declines, and, perhaps, grind higher...
The news these days is Greece, Greece, and more Greece. Last year I prepared my readers when the first round of Greek bail-outs was happening. I told them then and telling you now, this isn't over. Not by a long shot. In fact the smart money is on Greece defaulting and destabilizing the French and...
European debt issues are once again weighing on the stock market. Where have I heard that before? Oh yeah, it was last year about this time that Dubai defaulted and Greece 's debt problems came to light. Unfortunately, these debt problems are not one and done. Ireland has been bailed out, to the...