Mar 15 2013

European economy struggles under debt and staggering unemployment: EU unemployment at record while nations pile into massive levels of debt. Inflation censorship.

The European Union is the largest economy in the world combining the collective buying and selling power of multiple countries.  If you’re biggest customer is having troubles, it is expected that the world would be concerned.  Not so with the stock market.  The EU is currently sitting at a high in respect to their unemployment […]

Feb 25 2013

What European Recovery? Unemployment at record high and debt only keeps reaching more unsustainable levels. Italy’s Debt to GDP crosses 125 percent.

I never understood why so many people bought into the notion that the European Union was recovering.  If recovery means that a handful of well-connected bankers are bailed out with financial smoke and mirrors instead of facing reality while placing crushing austerity on the public, then yes, maybe a recovery is what was experienced.  As […]

Dec 1 2012

Engaging debt spiral – Spillover to US market from record European Union Unemployment – US exports over $260 billion to Europe every year. Why is the EU crisis no longer in the US press?

It is hard to tell why the European Crisis fell out of favor in the US media.  The EU is the largest economy in the world punching in over US$17 trillion a year in GDP.  The idea that things have been saved is clearly not the case.  Sticking your fingers deep in your ears is […]

Oct 30 2012

European Union reaches highest unemployment rate since crisis started – Spain hits 25 percent unemployment rate for first time. The missing EU crisis headlines.

During the height of the US Great Depression, the unemployment rate stood at 25 percent.  This was a devastating experience for our economy and shifted policies and geopolitics for decades to come.  So when you have the European Union, the world’s largest trading bloc with two countries experiencing unemployment rates of 25 percent people should […]

Jul 31 2012

The engineering of bigger financial bubbles – corporate profits as a percent of GDP at record levels while unemployment is historically high and record number of Americans on transfer payments. Paying interest on excess reserves to banks for our own bailout funds.

The market is perched on the edge of a chair looking out for what the Federal Reserve and European Central Bank have to say.  The almighty Oz is the only game in town.  With the Fed, the expectation is of some sort of additional quantitative easing to prime the economy once again whereas the market […]

Jul 23 2012

The hindrance of global debt – Spain accelerating to major bailouts and bond markets react. Eurozone stock markets in major decline.

It is always a sign of desperation to ban short selling.  Trying to put an artificial bottom usually backfires and we are seeing this hit in Spain.  The situation is unsustainable and has taken the headlines away from Greece.  Spain is a much bigger economy and they are deep in a recession with headline unemployment […]

Jul 5 2012

The dynamic central banking duo – ECB balance sheet up over €3.1 trillion mimicking Fed balance that is close to $3 trillion. Shuffling toxic assets into darkness.

You might have the vague memory that the European Central Bank reacted somewhat negatively to the Federal Reserve’s massive balance sheet expansion a few years ago.  The ECB was not following in the same path as that of the Fed.  Well fast forward to the current Euro crisis and the ECB now has a balance […]

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