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These Two Countries Could Slide Into Bankruptcy
“We take the view that we don’t need to make a further effort.”
So said Jean-Claude Juncker, Luxembourg’s Finance Minister, following a meeting of European financial bigwigs in Brussels on Monday.
As a European, such statements come as no shock to me. Europe is well used to its leaders being stuck well behind the curve when it comes to taking proactive economic measures and helping out the countries under its jurisdiction.
And Juncker’s statement should reaffirm to concerned Europeans everywhere that the powerful purse-string pullers are in “wait and see” mode – even as the World Bank projects the most serious global recession…
12Mar2009 | Smart Profits Report | 0 comments | ContinuedThe Biggest Problem Detroit’s Big Three are Facing
By Andrew Mickey, Q1 Publishing
“Buy One, Get One Free” – That was the offer last week in the United Kingdom. But the two-for-one sale wasn’t for bags of potato chips or loaves of bread at the supermarket, it was for cars.
U.K. newspaper The Guardian reports car dealers across the country were doing the unthinkable to unload excess inventory. They were selling Dodge Avengers at 2-for-1. The gas-guzzling Avenger, made by Chrysler, has been one of the worst-selling cars in the country where gas will run you $5 a gallon (even with oil at $50 a barrel.)
Dealers were so hard up to…
17Nov2008 | Q1 Publishing | Comments Off | ContinuedLong-Term Investment Goals: Answers to The Top 3 Investing Questions
With Investment U having over 360,000 members and The Oxford Club with over 70,000, Alex Green and I always get a steady stream of questions. But in recent weeks, as the market has accelerated its descent, they’ve become increasingly alarmist.
As I’ve learned, when we give into panic, we act hastily. And often undermine our long-term investment goals.
So today, let’s put to rest some of your pressing concerns. And make sure that doesn’t happen.
Long Term Investment Goals: Is My Cash Safe?
When my grandfather died, my grandmother found $17,000 lying around the house. He was Italian. So yes, some was stashed under mattresses. Some…
28Oct2008 | Investment U | Comments Off | ContinuedJanuary Market Crash — This was just a prelude to the Global Crisis of 2009
A couple of days ago, Asian and European stock markets experienced their biggest multi-day declines since April 1990. Tokyo, Bombay, Hong Kong, Frankfurt, London… all lost five, seven, even 8% and billions of dollars in valuation within a few hours of trading.
Pundits were quick to attribute the drops to recession fears — not just for the U.S. but for the global economy.
The declines prompted helter-skelter reaction from the Fed, with a whopper of a rate cut. Which in turn hit the dollar hard and sent gold back up.
Now, here is a question: Over the past year, central bankers, newsletter editors…
30Jan2008 | J. Christoph Amberger | Comments Off | Continued
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