December 17, 2011
in 2012, ETF(s), FTSE, Greece, bailout, bankruptcy, collapse, debt, europe, forecasts, foreign investment, news and updates
We’re all waiting for the Greek collapse. It hasn’t happened yet, but that means it’s the perfect time for Global X to set up a new, first-ever dedicated Greece-only ETF (GREK). Why, you might ask, would anyone want to put all their chips on this nation that is either going to a) leave the Euro, [...]
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December 5, 2011
in 2012, France, GDP, Germany, Greece, Spain, UK, europe, forecasts, foreign investment
Economically speaking, 2012 is looking good for central Asian, African and South Asian markets. The developed world, however, is still struggling with debt overload and market saturation.
The United States is looking at about 1.3% projected GDP growth – nothing exciting, but also nothing to sneeze at when you see some of the other disappointing figures [...]
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September 26, 2011
in Federal Reserve, Greece, September, banks, central banks, commodities, debt, economy, europe, foreign investment, gold, international economy, market reports, metals, news and updates, precious metals, sovereign debt
Over the past 24 hours, the price of gold has plunged as much as $104/ounce, or 10%, ahead of what looks to be an imminent Greek debt default. In fact, the past three days have seen the largest consecutive drop in gold prices in 28 years! The question is why, you might ask. Debt problems [...]
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May 12, 2010
in GoldMoney, Greece, central banks, europe, gold, hyperinflation, international economy, international stock market, market reports, market trends, news and updates, precious metals, sovereign debt, stimulus, world order
In a surprise reaction to the weekend approval of the one trillion euro bailout of Greece (750 billion euros from the ECB and 250 billion euros from the IMF, i.e., U.S. money, i.e., China’s savings), markets remained suspicious of long-term improvement in both Greece and the Euro.
As a result, this week has seen a steady [...]
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May 7, 2010 · 4 comments
in Greece, S&P 500, S&P/TSX, debt, europe, exchange rates, foreign investment, forex, government, international economy, international stock market, legislation, market crash, market reports, market trends, news and updates, risk, stock exchanges, world order
Is Greece triggering the double-dip? Yesterday’s several-hundred point dive in the stock markets globally was said to be the result of a “fat finger” typo – someone, a really big trader (eg., Citibank), typed in 15 “billion” of futures contracts instead of 15 “million” somewhere.
And is this the new kamikaze capitalism – where you don’t [...]
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May 3, 2010 · 7 comments
in Greece, US Treasury, US debt, US economy, USD, currencies, debt, deflation, depression, economy, europe, exchange rates, financial planning, forex, gold, hyperinflation, inflation, international economy, market trends, news and updates, risk, sovereign debt, survival, theories, wealth protection, wealth transfer, world order, world reserve currency
On April 27, 2010, Standard & Poor’s downgraded Greece’s credit rating to junk status – meaning that it is unlikely Greece can pay back its creditors, which means that it is not worth it for the hypothetical investor to invest in Greece.
The same day, the USD spiked and the Euro and other currencies fell a [...]
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April 28, 2010 · 3 comments
in Greece, bailout, banks, capitalism, central banks, credit, currencies, debt, economy, ethics, europe, foreign investment, government, interest rates, international economy, legislation, market reports, news and updates, politics, recession, regulation, risk, sovereign debt, taxes, world order, world reserve currency
If you’re in the U.S., you may be justified in blaming your banking industry (you definitely are), but just make sure that you know you’re talking specifically about U.S. banks. Not all banks around the world screwed everyone over.
Let me remind you that banking cultures are very different around the world. They don’t all set [...]
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