Greek Bailout | Gold Stocks Today

Talk of a Greek Exit Gets Louder

May 23, 2012 By Chuck Butler Leave a Comment

The dollar is moving onward and upward this morning, as the two-day calm in the currencies was lifted overnight, and the dollar is swinging its mighty hammer once again. The euro (EUR) has slipped to its lowest level since August 2010, and we all know that when the euro is taking its turn on the slippery slope, the rest of the currencies are following, and that’s true this morning.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: anti-dollar, bailout, Banking, CHF, currencies, currency trading, Debt and Deficit, decline of the dollar, Dollar Decline, dollar strength, DR EXTRA!, ECB, EU, EUR, euro price, Gold, Gold News, gold price, Greek bailout, Greek exit, JPY, SNB, The Daily Pfennig

How Bailouts Encourage Bad Behavior

May 8, 2012 By Eric Fry Leave a Comment

Greece returned to Europe’s center stage this morning…and almost no one was happy about it. Most investors were pretty content when this “Debbie Downer-opoulos” of the European financial markets disappeared behind the curtains for a while.

But Debbie took the stage again Sunday when the left-wing Syriza party gained a surprisingly large number of seats in Parliament. The leftists hope to form a coalition government that would nationalize banks, repeal recent labor reforms and immediately cancel the bailout accords with the European Union and the IMF.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: bailout, Banking, Debt and Deficit, economics, Eric Fry, European Central Bank, European economic downturn, Featured, government sponsored bailout, Greek bailout, Greek government debt, Investment News, Legislation, macroeconomics, Politics, sovereign debt crisis, The Daily Reckoning

How Bailouts Encourage Bad Behavior

May 8, 2012 By Eric Fry Leave a Comment

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How Market Sentiment Moves With the Greek Debt Crisis

March 8, 2012 By Joel Bowman Leave a Comment

A couple of hours south of Kaikoura — and the most famous crayfish picnic tables on the South Island’s east coast (Nin’s Bin) — you’ll discover the fastest growing wine region in New Zealand; 80 vineyards sprawling across more than 1,200 hectares of picturesque plantings…

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: bailout, Debt and Deficit, debt crisis, euro price, Featured, financial crisis, Greek bailout, Greek debt crisis, Greek default, Investment News, Joel Bowman, market moves, market sentiment, Markets, quantitative easing, Recession, saving Greece, The Daily Reckoning

German Factory Orders Drop

March 7, 2012 By Chuck Butler Leave a Comment

The “fear factor” has been reduced in the eurozone, as it appears that private investors are accepting their medicine, and taking their dose of the Greek bond swap. Societe Generale, France’s second-largest bank, and UniCredit have announced that they will accept the terms of the bond swap, along with a long list of other companies that too have announced acceptance of the terms. This flood of private investors announcing that they would accept the terms has lifted the fear factor for the euro (EUR) this morning. But by all means, that doesn’t mean the euro is out of the woods, folks.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: bailout, CAD, CHF, CNY, currencies, currency trading, Debt and Deficit, Dollar Decline, DR EXTRA!, EUR, euro price, Greek bailout, Greek deb crisis, Greek default, Markets, NOK, RBA, RBNZ, The Daily Pfennig

Greece Gets Next Round of Bailouts

February 21, 2012 By Chuck Butler Leave a Comment

The euro (EUR) was removed from the boiling water this weekend, as the next phase of the bailout for Greece was approved… The reaction of the euro has been somewhat muted though, as most of the markets, being Pfennig readers, already saw the baby steps of stabilization going on, and priced in an approval… The euro has moved higher than 1.32 this morning, but, like I said, the move has been somewhat muted…

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: AUD, bailout, curency news, currencies, currency moves, currency trading, Debt and Deficit, Dollar Decline, DR EXTRA!, ECB, EUR, euro price, Gold, Greek bailout, Greek debt, hyperinflation, NZD, PBOC, RBA, reserve requirements, The Daily Pfennig, U.S. debt, US budget deficits

Euro Is Yanked From the Slippery Slope!

February 17, 2012 By Chuck Butler Leave a Comment

Yesterday, the euro (EUR) sure looked as if it were headed for a ride on the slippery slope, but about one-third down the slide, the single unit was yanked back to the top by a newspaper (Die Welt) report that the ECB is exchanging Greek bonds for new securities, easing concern that Greece will get its second bailout. And that news was followed up by an announcement that German officials will approve the next bailout payment for Greece.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: AUD, bailout, CAD, currencies, currency trading, Debt and Deficit, Dollar Decline, DR EXTRA!, EUR, euro price, euro rally, Gold, gold price, Greek bailout, Greek bonds, Greek debt crisis, quantitative easing, RBNZ, The Daily Pfennig, Weak U.S. Dollar

Default Therapy

February 15, 2012 By Eric Fry Leave a Comment

The Greek crisis has been solved…again. Let’s see…that’s probably about 24 “solutions” during the last 24 months.

But since these solutions never seem to solve anything, Europe’s central bankers, technocrats and politicians get to huddle together every few weeks and solve the crisis over and over again. It’s kind of like Disneyland for euro-meddlers. They get to keep going on their favorite ride over and over again.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: Austerity measures, bailout, budget deficit, Creative Destruction, Debt and Deficit, default therapy, economics, Eric Fry, European financial system, Featured, financial crisis, Greek bailout, Greek default, Investment News, The Daily Reckoning

Watching the Greek Debt Episode of the Global Soap Opera

February 9, 2012 By Joel Bowman Leave a Comment

A serious question, Fellow Reckoner: Would you, if given the choice, be alive at any other time?

We’ll get back to that in a second. First, our regular beat…

Markets went precisely nowhere yesterday. It was as if everyone agreed to stay home…or go fishing…or to become reacquainted with that strange person living in their house and sleeping in their bed. Among other things, investors are waiting to see what happens with Greece. We’ll save them some time. Nothing will happen. Nothing different, anyway. Here’s Bloomberg, with more news on the same old story:

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: bailout, bailout plan, currencies, Debt and Deficit, economics, European financial crisis, Featured, Goldman Sachs, Greek austerity, Greek bailout, Greek debt crisis, Investment News, quantitative easing, The Daily Reckoning, unemployment

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