ECB Lowers Rates To New Low, China Drops Rates, Bank Of England Announces More Bond Buying: Global easing may not be over -it may just be the beginning. The European Central Bank cut rates to a new record low today in attempts to stem the debt crisis that has been dogging the region for several…
After The Greek Elections June 17, 2012 Attention May Go Back To Spain, Italy, Portugal, Ireland…… The European debt crisis won’t end on Monday. The Greek elections tomorrow have received massive press and are currently the major headline risk reducing the global demand for equities. This is evidenced by the outrageous yields on bonds around…
May 2012 Industrial Production Falls 0.1 Percent, Stocks Rise Before Greek Elections June 2012: U.S. industrial production fell in May which was more than expected as manufacturers eased back on the production of consumer goods based on lower anticipated demand. Factories, mines and utilities produced less which made it the second time in three months…
Financials Hold Support Levels, Shrug Off Fitch Spanish Bank Downgrades: The stock market rebounded today one full trading day after U.S. equities rose to new highs and fell below the prior day on news of a Spain bank bailout. The rally today didn’t bring stocks back above Monday morning levels but the leaders we have…
Eurobonds Coming, EU Nations To Give Up Sovereignty: Will The People Accept? The political economy of the euro is changing. News from overseas has changed market sentiment drastically in the last several weeks. A new notion that has been passed around as a possible solution to the European financial crisis is the issuance of the…
