Hello Everybody, I hope that you all had a safe and enjoyable Independence Day holiday!  Today’s news is that the people of Greece have rejected the terms of its creditors’ by voting no in the referendum.  Now it will be very difficult for this radical leftist government to come to terms on a package to...Read More

While 2012 has been quite a good year for investors long the market, it has really been the market climbing a “wall or worry,” as opposed to real enthusiasm of the economy or the business environment.  The worst thing one can do is now pile in because they feel they need to catch up, having...Read More

Alexis Tspiras, head of Greece’s biggest anti-bailout party Syriza, continues to beat the drum of cancelling the agreed upon terms of their bailout.  This is an amazingly dangerous and manipulative campaign that distorts facts, and preys on those who are consumed by the deep recession and the accompanying unemployment.  If Greece were to abandon their...Read More

This is a helpful little article to put things in perspective in Spain.  They have a much better chance of succeeding the Greece did, but the core economy will be the key determinant. http://news.morningstar.com/articlenet/article.aspx?id=547798 INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More

This is very encouraging news to see Spain taking their budget cuts seriously.  While austerity isn’t going to be a magic potion to resolve the Euro’s problems, it does maintain the credibility of the efforts made in the last year for each country to get their houses in order.  The last couple of years Greece...Read More

The following article puts some historical perspective to the current issues in Europe.  The premise is that the best way for the weaker economies such as Greece, Portugal, and Ireland to be able to recover is through deflating their own currency.  The parallel is that countries that left the gold standard after World War 1...Read More