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How to Run the Euro…

Please read this…this is the Economists view on “How to Run the Euro”. 

 

“If you were sitting down with a blank sheet of paper, you would advise the euro zone to complement its one-size-fits-all monetary policy by pooling sovereignty and creating new institutions.”

 

This just makes the banks bigger…

Spanish Banking System and Greece are now in the Spot Light…

Please read this…to start to fully understand the stigma that follows Greece and the Spanish banking system. This is a serious issue, just as serious as it was in the US in 2008, but the only problem is there is more than one country over-leveraged and might default.

 

“Attention will remain focused on Europe as the Spanish banking system teeters on the edge of collapse, and Greece comes closer to a possible exit from the euro.”

 

We all wait for Europe…

Please read this…if you want to read an article that gives a break down of all major markets and the effects of the EU on them.

Investors are waiting for what European Leaders, the EU, and the ECB, have to say about the debt crisis. Right now everyone is focused on the Spanish banks and Greece. For right now, that has the most power over the outcomes of all major markets.

Everyone points to Germany for help…

Please read this…if you are interested in how the EU is going to try and reverse it’s current economic problems. As the Spanish banking system continues down a dead end road, investors and citizens are trying to brace for the worst. Greece is not helping either, with the gloom that they might “exit” (forced) out of the Euro is another crisis that is driving the global economy insane.

 

 

It is going to take more than the ECB and the FED to clean up this mess….

Please read this…if you want to hear how the Dow Jones 2012 gains were erased in one day, and how the S&P 500 lost 10%.

In my opinion, all of the banks are still too leveraged, and I do not believe that the ECB and the FED, provided they give “stimulus”, will have enough power to get the market on track.

Putin rejects what Clinton has to say about Syria…

Please read this… if you are interested in how Putin does not believe in Hilary Clinton on the matters of Syria. 

“A Russian-flagged ship docked this week in the Syrian port of Tartus, and some human rights groups say it was carrying weapons to be used in the conflict in Syria. The U.S. State Department said Thursday that it was looking into the matter but could not confirm that the ship was carrying arms.”

Dow Jones down after the Job Growth report was made public…

Please read this…if you are interested in learning about how only 69,000 jobs being added, made the Dow Jones drop 178 points.

 “Only 69,000 jobs were added in May, the weakest growth in a year. The unemployment rate rose to 8.2%, as people rejoined the labor force.”

“Economists surveyed by CNNMoney had expected to see employers add 150,000 jobs and the unemployment rate to remain at 8.1%.”