When the common European currency was launched, Milton Friedman predicted with eerie foresight: “Sooner or later, when the global economy hits a real bump, Europe’s internal contradictions will tear it... Read More
from Wall Street Pit
The Chronic Crisis That Is The Euro
May 09, 2013
Lars Seier Christensen, the co-chief executive of Saxo Bank, thinks it’s only a matter of time before the euro passes into history as another failed experiment in the dark art of monetary... Read More
from Wall Street Pit
When Draghi Turns Kuroda, This ETF Will Surge
May 02, 2013
How’s that Euro Thingy Working Out?
May 01, 2013
European integration was a grand plan, perhaps driven by lofty motives. I don’t take a position on that since I’m not European. But as we have argued from the very beginning, the set-up of the EMU was... Read More
from Wall Street Pit
Did the Euro Kill Governance in the Periphery?
April 30, 2013
By the end of the 1990s, under the incentive of Eurozone entry, most peripheral European countries were busy undertaking structural reforms and putting their fiscal houses in order. This column argues... Read More
from Wall Street Pit
The Euro: a Step Toward the Gold Standard?
April 23, 2013
In a recent piece Jesus Huerta de Soto (2012) argues that the euro is a proxy for the gold standard. He draws several analogies between the euro and the classical gold standard (1880-1912). Like when... Read More
from Wall Street Pit
Next Tiny Country in the Eurozone to Bust
April 18, 2013
Large Euro Depreciation is Unlikely
April 16, 2013
Oxford Analytica believes a large depreciation of the Euro is unlikely: Concerns over euro-area financial stability have previously contributed to large outflows from the monetary union, which have the... Read More
from Research Recap
When Can We All Admit the Euro is an Economic Failure?
April 15, 2013
The last month of data flow from Europe is nothing short of depressing. It seems that the history of the Eurocrisis can be summed up as a repeated effort to snatch failure from the jaws of defeat. The... Read More
from Wall Street Pit
Danger: Market Sentiment Too Bullish in This Sector?
April 11, 2013
The Netherlands Becomes Next Casualty of the Eurozone Crisis
April 08, 2013
WisdomTree: Hedging the Euro
April 05, 2013
I recently wrote a blog about how currency exposure—specifically to the euro—impacted volatility of European equities (the MSCI EMU Index over the last 10 years1). The central analytics of that blog... Read More
from ETF Trends
Euro ETF: Concern, Yes — Fear, Not Yet
April 03, 2013
The longer-term prevailing technical theme for the CurrencyShares Euro Trust ETF (NYSEArca: FXE) is still dominated by the large 2008 downtrend channel. However, the near-term picture is getting a bit... Read More
from ETF Trends
Safety Not an Option in This Stock Market
April 03, 2013
Euro: Requiem or Renewal?
April 02, 2013
In the last several weeks, a sequence of events involving Cyprus has triggered serious questions about the sustainability of the European Monetary Union (EMU). The events surrounding the finance... Read More
from Wall Street Pit
DailyFinance.com : Fred Dufour/AFP/Getty Images French President Francois Hollande is seeking to impose a 75 percent tax on businesses that pay salaries of more than €1 million. PARIS -- France's... Read More
from DailyFinance.com
DailyFinance.com : Petros Karadjias/AP NICOSIA, Cyprus -- Cyprus' president has appointed a panel of three former supreme court judges to investigate how the country ended up nearly bankrupt. President... Read More
from DailyFinance.com
Is The Euro Broken?
April 01, 2013
Nearly each and everyday there is a new report about another bank failure or bailout coming out of the European Union. The latest news has been about a bank levy on the Cyprus bank depositors with over... Read More
from Wall Street Pit
Cyprus' President Urges Cypriots to 'Share the Burden'
March 29, 2013
DailyFinance.com : Petros Giannakouris/AP A security guard talks with customers at a Laiki bank branch in Nicosia on Friday. Banks in Cyprus are open for normal business for the second day, but with... Read More
from DailyFinance.com
Banks Reopen in Cyprus for First Time in Nearly 2 Weeks
March 28, 2013
DailyFinance.com : Philippos Christou/APPeople wait outside a Coop bank branch in Nicosia, Cyprus, on Thursday. Banks across the country were being replenished with cash, and scheduled to open for six... Read More
from DailyFinance.com
Cyprus to Impose Limits on Bank Withdrawals, Boost Security
March 27, 2013
DailyFinance.com : Petros Giannakouris/AP Consumers use ATMs outside a closed branch of the Bank of Cyprus in Nicosia, Cyprus, on Wednesday. Cypriot authorities are preparing limits on how much money... Read More
from DailyFinance.com
The Euro’s Original Sin
March 26, 2013
All along Europe’s Mediterranean coast, grumbling about German domination of Europe, and especially of the eurozone, is getting louder and angrier. The irony is that the euro was created largely to... Read More
from Wall Street Pit
When Austerity Fails, Rob Bank Deposits
March 19, 2013
Euro ETF Tumbles on Cyprus Levy
March 18, 2013
CurrencyShares Euro Trust (NYSEArca: FXE) fell nearly 1% in Monday’s premarket trading on anxiety over a levy on bank deposits in financially troubled Cyprus. The euro was down against the U.S. dollar... Read More
from ETF Trends
Tonight's Stock Market/ Futures
March 17, 2013
Again, from Wolf on Wall Street Just because we are at an important area in the market... The opening futures is where the damage was done, the S&P futures to 1 week lows and Gold Futures to 3 week... Read More
from TRADE GUILD
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