Greece and the rest of the PIIGS were hurting us for so long that it seems hard to believe that the Europeans are setting a 50% haircut for the Greek sovereign debt and…
The ratings agencies are at it again. We have noted that the PIIGS will continue to see downgrades and that is what we are seeing today. Fitch downgraded both Italy and Spain. Shares…
Well, it looks like the Gadhafi family has all but lost Libya to the rebels. Earlier this year when the actions were intensifying, even before the unified strikes against the leadership there,…
Italy’s sovereign debt trails only the US and Japan in size. For a relatively small nation with debt totaling 120% of GDP, $2.2 trillion in debt is a big deal. Yesterday’s action…
nationsonline.orgIf you are surprised about the newest crash scenario boiling up outside of Greece, this is something we have been covering routinely. While the beastly pace is surprising, how big of a…
Greece saved itself with its latest austerity measures. For a few months, maybe. If you have read about Greece’s woes and read about the bailout and rescue process, the real implication is…
Each weekend we review the issues of the week before and look to the calendar ahead to see which issues are going to stand out with news or events. We have identified…
Another week, another North African country on fire. As you would expect, many large American and European companies do business in these nations. Libya has followed turmoil in Egypt and Bahrain and…
It is not hard to find ADRs which have sold off by about 50%, and some are worse than that out of Europe. These shares are getting the double-whammy now with a…
