The markets have entered a stage of collective belief that the European Central Bank and the Federal Reserve have now reached a stage of elevation where they can control markets. This force is so prevalent and strong that even with very high unemployment and giant fiscal imbalances the US stock markets slowly inch their way [...]
The Greek stock market has taken a beating recently but to what extent might surprise you. From recent highs, the Greek stock market is now down 90 percent. That is correct. The stock markets has fallen by a whopping 90 percent from recent highs. This just goes to show you how quickly things can change [...]
Italy facing contagion from Greece. The European debt crisis spreads. Spain up to 21.5 percent unemployment rate.
Italy is now facing the spillover effects from the European debt crisis brought on by Greece. Greece was merely a tiny domino in the bigger scheme of things and Italy is now being put into the spotlight. Tragically the hope was being misplace in the idea that somehow Greece would be solved and no further [...]