Last week, Standard and Poor’s reduced the credit rating of 9 European countries. This from an MSNBC article[1] (emphasis added):
Standard & Poor’s downgraded the credit ratings of nine euro zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday 13th for the troubled single currency area. Continue reading
There are a lot of jokes that contain that line, but when government gets involved in areas that should be left to the private sector (with government simply staying out of the way), unintended consequences can occur. Take the City of Buffalo, New York as recently outlined in a commentary published in “The Wall Street Journal”. Here is an excerpt[1] (emphasis added): Continue reading
In my “2012 Market and Economic Forecast”, I make a fairly bold forecast – that a market decline may begin that could see the Dow decline to below 4,000 in nominal terms before putting in a bottom[1]. (For a copy of my forecast, click on the link: www.investingapproach.com) Continue reading
An article published in “The Australian” this past week reprinted some transcripts of some the Federal Reserve’s meetings beginning in 2006. These transcripts are now available on the website of the Federal Reserve.
Interestingly, now Federal Reserve chairman Ben Bernanke got the housing market forecasts really wrong and Timothy Geithner, now Treasury Secretary, got the economic growth outlook wrong as well. Continue reading
A Reuters article this past week contained the comments of a London based hedge fund, Toscafund. Alarmingly, the fund commented that Greece leaving the Euro would be catastrophic, involving social unrest, a military coup and Zimbabwe style hyperinflation possibly in the cards following such an event. This from the article[1] (emphasis added): Continue reading
In The News
