Today’s Headline
S&P Downgrades EFSF
And so the latest inevitable outcome of the French downgrade from AAA has arrived, after the S&P just downgraded the EFSF, that pillar of European stability, from AAA … Read More
Major World News
European Nations Get Downgraded
Well it's official; Stock markets and the single currency fell sharply as Standard and Poor’s cut France’s AAA rating. Italy saw its long-term rating drop by two notches, along with Spain, Portugal and Cyprus. Austria, Malta, Slovakia, and Slovenia … Read More
Five European Nations to Be Downgraded by S&P?
Standard & Poor's will cut the credit ratings of Italy, Spain and Portugal by two notches and downgrade France and Austria by one notch, a French newspaper said Friday, without citing its sources. The newspaper, Les Echos, said that S&P would spare … Read More
Italy gets Downgraded Two Levels to BBB+
Fresh off the presses, Italy's time has come. S&P warned of a potential downgrade of several European countries back in December of last year. And since nothing has changed or improved at all since then, S&P has decided to pull the trigger. The … Read More
Greece 1 Year Bonds Hits 400%
Well it didn't take that much time to jump to 400% since our last post. Greece is just taking a beating as their 1 year bonds continue to climb at rapid pace. I am still surprised that the country has yet to default. Continue to link for real-time updates … Read More
Greece Bank Run Shows No Sign Of Stopping
This is a great article by ZeroHedge; The year is not over yet, and already Greece's banks have lost €36.7 billion of their deposit base in 2011, and a whopping €64.6 billion since the beginning of 2010, which is down from €233 billion to €173 … Read More
Surge in ECB Lending by Banks
Something is most definitely going on behind the scenes in Europe right now. The surge in emergency overnight borrowing by banks from the European Central Bank has continued, prompting market observers to speculate about what may be behind the trend. A … Read More
Santa Claus Rally Over?
This is a great note-worthy market move found courtesy of Zerohedge.com that may indicate that the Europe banking system is starting to crack once again. Remember when the world was watching the OAT-Bund spread with bated breath every day in late November … Read More
We are Witnessing a Historic Bottom in Gold
This is an interesting article from King World News which caught my eye. With many investors worried the price of gold could head lower, today King World News interviewed the “London Trader” to get his take on the gold market. The source stated, “The … Read More
