Most markets went sideways today with a slight upward bias for stocks. In the news today…… Mortgage Defaults – one in four mortgages are “underwater.” That means the market value is less than the mortgage value. Should the borrower walk away from their homes? Many are thinking about it. Banks are saying they have as [...]
Stocks are still very high, and went a little higher today. Bonds, the Dollar, and Gold went sideways. Oil and gasoline have dropped since being in the mid-80s, and is now below $80/barrel. In the news today…… German GDP – has NEGATIVE 5% growth in 2009. This is the worst drop in GDP since WWII [...]
Another European Observation – and an important one. Greece has spent itself out of money. It entered the Euro zone by fiddling its budget to allow entry In 2001. Subsequently, they have spent like a drunken sailor, or more accurate, a drunken Greek sailor. They now have so much debt that they do not meet [...]
I am just departing from London Heathrow and am using the BA Lounge to send out this message. I noticed a sign on the M4 as I approached London, and it said “Take the M25 to avoid the London Low Emissions Zone”. I thought this was amusing as I all the countryside is blanked in [...]
Hello Everyone, I have been stuck in Europe during one of those great snow storms that blanket every country, cause chaos, close airports and have freezing fog to boot. However, all is well, as I’ve found warm, friendly accommodations and great food also. So, here is what’s happening. Markets over the past two weeks have [...]
Predictions for 2010 Background Information The 2009 economy feeds into the beginning of 2010 with an improving, but poorly growing GDP, dismal unemployment situation, and still no solution for the housing meltdown after one year of trying. In addition, President Obama has implemented a “spend” economy based on the Stimulus Bill, Healthcare Bill, Cap and [...]
