Pimco’s El-Erian: Portugal Risks Are Rising Fast

| March 18, 2012

Just a friendly reminder…Greece continued to say everything was fine, they said it over and over… until one day not so long later, they admited that it wasn’t.  The next thing you know Greek riots break out because Greece is forced to go on a hard austerity plan. Now we see Portugal in the same sinking boat. We’ve been warned. The head and co founder […]

Doubling Down On A Bad Hand

| July 21, 2011

Bad seats, hey buddy! Leaders of the Eurozone announced a huge new financial bailout package for Greece on Thursday, doubling up the amount of loans originally agreed upon ……The 17 EU nations that use the euro,  offered Athens $157 billion in new loans, a nearly identical aid package to last year.  

The World We Live In Is Now Inter-Connected To The Rest Of The World Like Never Before

| July 19, 2011

Unlike back in the day when everything was East vs. West….the Soviets and China vs NATO and the United States, we are now interconnected to everywhere and everything.  There used to be an old saying, “One man’s pain is another man’s gain”, but now one man’s pain very well may end up being pain for all men (and […]

The Fall Of The European Dominoes…Italy And Spain Next Up

| July 10, 2011

Greece is a lost cause.  Next up is either Italy or Spain.  Both the Dollar and the Euro currencies are in trouble.  The last man standing looks to be Gold. From the NY Times…… LONDON — Top European officials planned to meet on Monday to wrestle with threats to the currency union as fears mounted […]

Moody’s Warns On Greece….Next Up Could Be Spain

| June 27, 2011

Greece is a goner….it sounds like a run on the Greek banks are just around the corner….the ECU needs to move on to bigger fish, like Spain. Today, as part of its Weekly Credit Outlook, Moody’s issued for the first time a very stark warning that should the rate of attrition in domestic deposits (and to […]

Greece Bonds Are Now Considered Junk With Lowest Credit Rating By S&P Of CCC

| June 13, 2011

Greece goes down, just a matter of when! The Greece bonds are now considered junk by rating standards. The big question is does Greece take down the whole Euro complex? Greece was branded with the world’s lowest credit rating by Standard & Poor’s, which said the nation is “increasingly likely” to face a debt restructuring and the […]

Can Greece Take Down All Of Europe? Well, They’re Going To Try…

| May 29, 2011

Dvid Kotak: Greece is about to blow up.  Black butterfly fear plagues the Eurozone’s banking system.  Can Greece take down all of Europe!  Well, they’re going to try.    We like this part of the review below, Will Roger’s old adage applies: “If you find yourself in a hole, stop digging.”  Cumberland Advisors Les Papillons Noirs […]

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