Forget “Grexit”, Jobless Claims Data Suggest June 2012 Could Be Worse Than May Unemployment Growth Of 69,000: Fed may move after Greek elections on Sunday. Americans are still finding it difficult to obtain employment. Unemployment insurance benefits rose last week which suggests the labor market won’t improve significantly anytime soon. While most people are focused…
Spain To Seek $125 Billion Bank Bailout, Expect More Announcements Ahead Of Greece’s Political ‘Fight’ Next Week: Speculation about Spain seeking a bailout for its banks turned into fact today as Economy Minister Luis de Guindos told a press conference in Madrid the country was requesting help from the EU. The news follows a widely…
Greek Bank Headlines May 2012 Add To New Global Quantitative Easing Speculation: The U.S. stock market continued to fall after Greece debt crisis news made headlines and commodities continued to fall out of favor with investors. The S&P 500 fell to 1324.80, down .44 percent. The downside risks to the economy based on news about…
Markets Take Drubbing As European Headline Risk May 2012 Increases: U.S. equities markets tanked today as investors re-evaluated the economic situation in Europe with Greece and Spain leaving the European Union becoming a stronger possibility. Major sectors such as tech, financials, and energy fell below key technical price levels as traders rushed to get out…
Greek Austerity Measures February 2012 Pass Amid Violence-Asian Markets React: Greek lawmakers have passed new austerity measures amid rioting and violence in the country. The new austerity measures were needed for Greece to obtain new funding from the IMF and creditors offering bailout funds. Around the country, reports of looting and riots hit media headlines…
