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Global equity markets have been hemorrhaging from the debt crisis in the European Union that began in Greece and subsequently spread to Portugal and Spain’s equity markets, losing more than 15% in terms of US dollars since the recent high in mid-April. What is the outlook for stocks, especially in the light of the econimic growth scenario? [...]
David Rosenberg, chief economist of Gluskin Sheff & Associates talks with Bloomberg about the outlook for U.S. stocks and gold prices. [...]
“I would recommend you panic. The European banking system is in a crisis. Let’s purge this system of its rottenness. Let’s take on a recession. It’s going to be tough, people are gonna lose their jobs. They are going to lose their jobs anyway. We can spread this over 20 years, or we can get rid of it over 3 years,” said Hugh Hendry in this lively discussion. [...] More on this topic (What's this?) Prepare for Europe – "It's Going to Be Ugly" (Money Morning, 1/16/12) Take Heed! How the European Crisis Could Hurt U.S. Stocks (Wall Street Daily, 1/19/12) EU Summit Produces a Long-Term Solution for a Short-Term Crisis (Investment U, 12/16/11)
The video clips in this post provide a handy summary of the reports expected on the economic, financial and corporate front around the globe during the week ahead. [...]
In this guest post, Asha Bangalore provides an update on a number of stress indicators in the light of Greece, Portugal and Spain crisis/EU crisis. [...] More on this topic (What's this?) Prieur’s Podcast: What is LIBOR rate telling us? (Wall Street Sector Selector, 11/17/11) Dollar Libor Market Hints 66x Leveraged Credit Agricole Was Bank X (GreenLightAdvisor Views, 12/2/11) Risk-on, Risk-off (Small Cap Copy, 1/10/12) | ||||||||||||||||||||||||||||||||||||||||
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