From the European Union’s point of view, the relationship between Russia and Greece might already be too close for comfort.
Stay informed about the latest developments in the ongoing crisis in the Eurozone and the European economy.
Trouble usually equals opportunity for the investor. Whether it means picking up shares on the cheap or real estate in the doghouse — perhaps even the euro when it’s ‘on sale’ — don’t discount Europe’s economy from your investing radar.
Napoleon Bonaparte managed to recreate the Holy Roman Empire, bringing Europe together under one yolk almost 200 years before the European Union.
Like the Mafia helps stabilize poor neighbourhoods in Palermo…or free heroin helps stabilise addicts…the IMF is meant to keep the system functioning.
Like the Essendon players, we (society) have been used as test subjects in an experiment to create economic results that could not be produced naturally.
‘Germany is a disaster right now,’ says Donald Trump. A lot of Europeans would agree with him.
The dual strategy of Quantitative Easing (QE) and punishing savers has been an abject failure.
Although Japan has an ageing society, it will take many years to run down their pile of savings. Now, compare that with Australia.
While China and its slowing economy dominate the headlines, for me the real issue is the growing level of social exclusion in the world.
The US/IMF don’t mind if Russia gets stiffed. So they just changed the rules. As far as Ukraine is concerned, the USA/IMF have let it off the hook.
If you want to know why the global property cycle can keep turning, Switzerland just gave you the answer last week.
Some analysts believe this momentum indicator is the best way to find a stock’s primary trend. By that measure most stocks are already in a bear market.
Overnight, European Central Bank (ECB) President Mario Draghi sent shockwaves through global markets. It’s not so much what the ECB did, but what it didn’t do that was the problem.
So expect a bit of reality to come back into the Aussie banking sector today. And anyway, the last thing Australia needs is more cheap capital flowing in.
In today’s economy, the FIRE sector has hijacked governments and policy to favour it. Here’s the problem. Most its activities produce little genuine wealth.
Like most Australians, you probably keep your savings at a bank. Even if interest rates have plunged to record lows, it’s easier letting the banks take care of your money. Easier than stuffing it under a mattress, anyway.