The Greek debt crisis is for real. The U.S. debt ceiling crisis culminating on August 2 is a politically manufactured crisis with little reality to it. The Euro Zone could split apart. The euro could cease to be a currency…. Continue Reading →

It’s obvious that the EU crisis continues. It paused briefly last Thursday and Friday swept up the initial euphoria about the second Greek bailout in two years. But larger questions remain in the minds of investors. In Europe German bunds… Continue Reading →

Germany seems to have made an impression on Spain, the Euro Zone’s fourth largest economy. New budget controls have been slapped on the regions of the Iberian peninsula to make sure that the country meets is budget deficit targets. The… Continue Reading →

If anything was accomplished by Thursday’s summit of Euro Zone leaders, it was a photo shot and a one and a half day rally in the stock markets. The euro is now lower against all major currencies. What is everybody… Continue Reading →

The headline in of the Saturday, July 23, 2011 article in the Wall Street Journal reads “Europe Debt Plan Relieves Pressure”. But that’s all propaganda and what the politicos want you to believe. The real truth of the matter is… Continue Reading →

The meeting of European leaders in Brussels on Thursday was built up as if it were the meeting of the Gods on Mount Olympus. Angela Merkel was cast as Zeus and Hera at the same time. People were expecting great… Continue Reading →

Germany tried to downplay the seriousness of the Greek debt crisis by coming to a late night compromise with France on Wednesday. Than today in Brussels they announced a new bailout of Greece by restructuring its massive debt. They are… Continue Reading →

Maybe because I”m an American I pick it up right away. Jeremy Warner’s article in the UK Telegraph, “Angela Merkel: can she rescue the euro?” sounds so . . . well, British! He sounds like Humphreys talking about the European… Continue Reading →

One hundred years ago Europe was on the eve of World War I, called the Great War. It was the war that was supposed to end all wars forever. As far as we can tell World War II did just… Continue Reading →

The Wall Street Journal wrote an article today, Monday, July 18, 2011, “Seeking A New Haven”, discussing how many investors wanted to know how to invest in German bunds, or bonds, which they were considering along with gold and FDIC… Continue Reading →