Il Sole has published a letter by 100 Italian economists warning that the austerity strategy imposed by Brussels/Frankfurt risks tipping Europe into a self-feeding downward spiral. Far from holding the eurozone together, it will cause weaker countries to be catapulted out of EMU. Others will leave in order to restore sovereign control over their central banks and unemployment policies: http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100006271/the-euro-mutiny-begins/
He believes we are currently at a major turning point in the markets where investors are beginning to realize that government spending is not the solution to all our problems. He says the fiscal austerity measures will only increase deflationary pressures and that the pain is inevitable and unavoidable: http://pragcap.com/felix-zulauf-the-march-2009-low-wont-hold
"The single currency is in its death throes and may not survive in its current membership for a week, let alone the next five years, according to a selection of responses to the survey the first major wide-ranging litmus test of economic opinion in the City since the election. The findings underline suspicions that the new Chancellor, George Osborne, will have to firefight a full-blown crisis in Britain's biggest trading partner in his first years in office." http://www.telegraph.co.uk/finance/financetopics/budget/7806064/Euro-will-be-dead-in-five-years.html
BTW, the article below also mentioned these important facts:
"But Hoenig is hardly alone. Earlier Thursday, Dennis Lockhart, the president of the Atlanta Fed Bank, said "the time is approaching" for higher interest rates. He stressed that the Fed might have to move even if "unacceptable levels of unemployment" exist.
And late last week, Jeffrey Lacker said he was growing uncomfortable with the Fed's statement that conditions will require exceptionally low rates for an extended period."
The Fed's most visible hawk, Thomas Hoenig, the president of the Kansas City Federal Reserve bank, gave a speech laying out his preferred upward path for short-term interest rates that would have the federal funds rate rise from near-zero to 1% by the end of summer.
But Hoenig didn't stop there, detailing the next phases to get the funds rate to 4.5% in an orderly manner.
WASHINGTON (MarketWatch) -- The president of the Richmond Federal Reserve Bank said Wednesday that he was growing less comfortable with the central bank's "extended period" language in its policy statement, suggesting that he is leaning toward wanting to raise short-term interest rates. http://www.marketwatch.com/story/feds-lacker-moving-away-from-consensus-wording-2010-05-26
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
تجنب الخطأ الشائع المتمثل في خلط مؤشرات الناسداك وداوجونز و الاس ان بي وإليكم كيفية تفاعله بشكل مختلف مع تذبذبات في عوائد السندات ليست كل مؤشرات الأسهم متشابهة. شاهد الفيديو
How to improve your decision--makingh between Nasdaq100 and SPX by watching technicals in bond yields -Details in video description.
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As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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http://www.marketwatch.com/story/fed-on-hold-until-mid-2011-bank-analysts-say-2010-06-16?dist=afterbell
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100006271/the-euro-mutiny-begins/
He believes we are currently at a major turning point in the markets where investors are beginning to realize that government spending is not the solution to all our problems. He says the fiscal austerity measures will only increase deflationary pressures and that the pain is inevitable and unavoidable:
http://pragcap.com/felix-zulauf-the-march-2009-low-wont-hold
Analysts at the French financial group AXA see a serious likelihood that the eurozone will break in half or disintegrate, dismissing Europe's 750bn (623bn) rescue package for Club Med debtors as a stop-gap measure that misdiagnoses the problem.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7827867/AXA-fears-fatal-flaw-will-destroy-eurozone.html
http://www.marketwatch.com/story/hungary-attempts-to-soothe-worries-2010-06-07
He is expected to say the UK's economic problems are "even worse than we thought" as he sets out why he believes "painful" cuts are necessary.
In a speech he will say how the 156bn deficit is tackled will affect "our whole way of life".
http://news.bbc.co.uk/2/hi/politics/10250603.stm#skip_feature_02
"The single currency is in its death throes and may not survive in its current membership for a week, let alone the next five years, according to a selection of responses to the survey the first major wide-ranging litmus test of economic opinion in the City since the election. The findings underline suspicions that the new Chancellor, George Osborne, will have to firefight a full-blown crisis in Britain's biggest trading partner in his first years in office."
http://www.telegraph.co.uk/finance/financetopics/budget/7806064/Euro-will-be-dead-in-five-years.html
"But Hoenig is hardly alone. Earlier Thursday, Dennis Lockhart, the president of the Atlanta Fed Bank, said "the time is approaching" for higher interest rates. He stressed that the Fed might have to move even if "unacceptable levels of unemployment" exist.
And late last week, Jeffrey Lacker said he was growing uncomfortable with the Fed's statement that conditions will require exceptionally low rates for an extended period."
But Hoenig didn't stop there, detailing the next phases to get the funds rate to 4.5% in an orderly manner.
http://www.marketwatch.com/story/drumbeat-for-fed-rate-hike-gets-louder-2010-06-03
http://www.marketwatch.com/story/feds-lacker-moving-away-from-consensus-wording-2010-05-26