Greeks Run on Banks as Euro-Confidence Wanes

In Pamplona, Spaniards run with the bulls. In Athens, Greeks run on the banks. Yes, folks a good, old-fashioned bank run is underway in Greece.

Greek Household and Corporate Demand Deposits

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To the Class of 2012

Down, down, down…

Day after day for the last 2 weeks…almost everything has been grinding down.

Stocks, oil, copper, bond yields… It looks as though the whole world economy is slowing down. China, India, America, Europe. All are slowing.

How much longer can this slow down continue?

[Read more...]

To the Class of 2012

Down, down, down…

Day after day for the last 2 weeks…almost everything has been grinding down.

Stocks, oil, copper, bond yields… It looks as though the whole world economy is slowing down. China, India, America, Europe. All are slowing.

How much longer can this slow down continue?

[Read more...]

Hedge Funds Bail On Euro Now

Good day. I’m writing from home, as I’m headed to the doctor right out of the starting blocks this morning. So since I’m writing from home, this will be short and sweet for sure, especially since I overslept on top of it all! You would think that the “West Coast” time would be out of my system by now! UGH!

[Read more...]

Hedge Funds Bail On Euro Now

Good day. I’m writing from home, as I’m headed to the doctor right out of the starting blocks this morning. So since I’m writing from home, this will be short and sweet for sure, especially since I overslept on top of it all! You would think that the “West Coast” time would be out of my system by now! UGH!

[Read more...]

Stock Market Downtrend May be Ending Soon

A nasty week in most of the world’s stock markets as the current downtrend extended. The SPX/DOW lost 3.9%, the biggest weekly drop since November, and the NDX/NAZ lost 5.3%. Asian markets were -4.0%, European markets were -5.0%, and the DJ World index lost 5.4%. Economic reports for the week were mixed with negatives edging out positives 7 to 6. On the uptick: the NY FED, the NAHB, housing starts, industrial production, capacity utilization, and the WLEI. On the downtick: retail sales, the CPI, business inventories, building permits, the Philly FED, leading indicators, and jobless claims rose. Next week we will get a look at more housing data, durable goods orders and consumer sentiment. Best to your week!

Stock Market Downtrend May be Ending Soon

A nasty week in most of the world’s stock markets as the current downtrend extended. The SPX/DOW lost 3.9%, the biggest weekly drop since November, and the NDX/NAZ lost 5.3%. Asian markets were -4.0%, European markets were -5.0%, and the DJ World index lost 5.4%. Economic reports for the week were mixed with negatives edging out positives 7 to 6. On the uptick: the NY FED, the NAHB, housing starts, industrial production, capacity utilization, and the WLEI. On the downtick: retail sales, the CPI, business inventories, building permits, the Philly FED, leading indicators, and jobless claims rose. Next week we will get a look at more housing data, durable goods orders and consumer sentiment. Best to your week!

Looming Reversal of Centralization as Empires Disintegrate

"Centralization induces apoplexy at the center and anemia at the extremities." ~ Lamenais The present political system is clearly insane. It suffers from schizophrenia. Around the world, almost no one trusts the politicians, yet almost everyone votes for incumbent politicians who promise to reform the government.

Looming Reversal of Centralization as Empires Disintegrate

"Centralization induces apoplexy at the center and anemia at the extremities." ~ Lamenais The present political system is clearly insane. It suffers from schizophrenia. Around the world, almost no one trusts the politicians, yet almost everyone votes for incumbent politicians who promise to reform the government.