Warning: 79% of S&P 500 Companies Issue Negative 2Q Guidance
By Michael Lombardi, MBA | Set You Free News The disconnect between the stock market and the U.S.economy continues to grow, as the key stock indices run way ahead of reality. The fundamental reasons behind the rise in today’s key stock indices are missing. For a real rally to happen, there has to be rising demand in the [...]
Read More →German growth too weak to lift eurozone from recession
By Valentina Pop | EUobserver The eurozone economy continues to shrink as Germany’s economy grew by a meagre 0.1 percent in the past three months, while France slid back into recession, according to data from the EU statistics office Eurostat published on Wednesday (15 May). Shrinking by 0.2 percent in the first three months of [...]
Read More →Soros: Italy Market Calm Will Be Short-Lived
CNBC The market recovery which has brought Italy’s borrowing costs down over recent months is unlikely to be sustained for long, while the fundamental problems facing the euro zone remain, investor George Soros said in comments published on Sunday. Helped by European Central Bank guarantees and buoyed by the flood of cash released by Japan’s [...]
Read More →Billionaires Dumping Stocks, Economist Knows Why
Newsmax Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in [...]
Read More →Popular Consumer Confidence Measure Falls to Lowest Level Since December 2007
By Michael Lombardi, MBA | Set You Free News Consumer spending in the U.S. economy looks to be in trouble. A popular measure of U.S. consumer confidence, the IBD/TIPP Economic Optimism Index fell 2.4% in May. It registered at 45.1, compared to 46.2 in April. What’s problematic is that this consumer confidence measure is only 0.7 points above [...]
Read More →Russia braces up for another wave of economic crisis
By Yuri Skidanov | Pravda.ru The global economic crisis has been gathering pace recently. According to IMF forecasts, the growth rate of the economy in 2013 will drop to 3.3 percent. Officials with Russia’s Ministry for Economic Development said that the slowdown in the domestic economy would be even more considerable – up to 2.4 percent [...]
Read More →‘I give the euro medium-term only a limited chance of survival’ – Merkel’s advisor
By Valentin Mândrăşescu | VOR In an interview for Die Welt, the Chairman of the Council of Scientific Advisors to the German Ministry of Finance Prof. Dr. Kai A. Konrad proposed a compromise between austerity and the desire of the European countries to borrow and spend more. His prognosis for the future of the European currency [...]
Read More →EU in crisis: Public trust hits record low as Europe braces for more protests
RT Public confidence in the EU has hit an all-time low in the bloc’s six biggest countries, a new poll has revealed. Thousands are expected to hit the streets in Spain against a new round of reforms as unemployment passed the 6.2-million mark. Statistics from Eurobarometer show a dizzying slump in citizen trust of the [...]
Read More →Global Economy Still at Risk, Just Look at the Jobs Picture
By George Leong | Set You Free News Consistent jobs growth remains an issue here in the U.S. We also know that the lack of jobs is a worldwide problem that is only made worse by the world’s growing population and the stalling global economy. The reasoning behind this worldwide jobs problem is simple. Jobs are created when [...]
Read More →German ‘Alternative’: Parallel Currency Idea Carries Great Risks
A new German protest party is proposing the gradual re-introduction of the national currencies of highly indebted euro-zone countries.
Read More →Italian Political Trouble Just Became EU Economic Trouble
By Chriss Street | Testosterone Pit The Italians are electing their 63rd government in the last 68 years. This annual anarchy was only interrupted once since World War II, when Silvio Berlusconi from 2001-2006 became only Italian Prime Minister to ever finish a full five-year term. In 2011, Mr. Berlusconi was forced to step down after [...]
Read More →U.S. Economy Fundamentally Tormented; No Amount of Money Printing Can Fix It
By Michael Lombardi, MBA | Set You Free News The U.S. economy is fundamentally tormented; no amount of money printing can fix it. The Federal Reserve continues to print $85.0 billion a month in new money, and the government continues to spread hopes of economic growth. Sadly, there isn’t any. In fact, Americans are struggling. In a period [...]
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