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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November 17, 2010 · 3 comments
in 2010, bailout, bankruptcy, business, capitalism, debt, earnings, economy, forecasts, government, infrastructure
Calls have been coming for a while to halt Saturday delivery by the US Postal Service (USPS) in order to cut back on costs, but this hasn’t stopped the USPS from raising pay checks in the meantime (and employee compensation has been estimated to be about 80% of their costs).
Yet just this past Friday, the [...]
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September 25, 2010 · 3 comments
in US economy, bubble, capitalism, collapse, entertainment, films, market reports, money lessons, money mistakes, recession
Gordon Gekko turns from bull*hitter to born-again permabear and back again in Oliver Stone’s latest Wall Street: Money Never Sleeps (2010), a film with as many mixed messages as the S&P over the past year.
The plot of the entire film is driven by the ups and downs of the market – a mix of unpredictable [...]
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May 30, 2010 · 4 comments
in ADRs, BP, CEO pay, FTSE, SRI, UK, bailout, commodities, credit, economy, energy, environment, international stock market, market reports, oil, stimulus, stock picks
As if it wasn’t bad enough that BP is probably going to suspend its dividend if it can’t plug the leak, there will be all kinds of charges and damages awarded to BP, but possibly also to Halliburton or TransOcean once this disaster comes full sweep.
Those who follow me on Twitter know that I’m not [...]
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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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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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Here’s an excellent summary article on the current state of Europe’s economy. A new bank bailout in the UK, plus a projected $398 billion (USD) stimulus package in continental Europe in order to help bank credit flows. You might want to check out the recent price of shares of Royal Bank of Scotland if you’re [...]
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