The Eurozone Archive

  • A recent study reveals that more than those in the age group between 25 and 34 are staying home much longer. While this age group typically is chomping at the bit to leave home, some countries show that more than 50 percent of them are staying home. Spiegel reports, “In 2011, more that 50 percent of the 25- to 34-year-olds...

    Young Europeans Leave the Nest Later Due to Economic Hardship

    A recent study reveals that more than those in the age group between 25 and 34 are staying home much longer. While this age group typically is chomping at the bit to leave home, some countries show that more than 50 percent of them are staying home. Spiegel reports, “In 2011, more that 50 percent of the 25- to 34-year-olds...

    Continue Reading...

  • With Greece, Spain, Portugal, Italy and other struggling European countries in the spotlight so much, it’s easy for small Cyprus to be relatively ignored. Just a couple of years ago this Mediterranean island, noted for its beauty, incredible weather and wonderful lifestyle, was a top destination for tourists and expats alike. Like Greece, Cyprus had a flourishing economy outside the...

    Cyprus Among Possible ECB Casualties

    With Greece, Spain, Portugal, Italy and other struggling European countries in the spotlight so much, it’s easy for small Cyprus to be relatively ignored. Just a couple of years ago this Mediterranean island, noted for its beauty, incredible weather and wonderful lifestyle, was a top destination for tourists and expats alike. Like Greece, Cyprus had a flourishing economy outside the...

    Continue Reading...

  • We’ve mentioned German Finance Minister Wolfgang Schäuble before. He’s made some of the most outlandish and draconian comments we’ve seen come out of Brussels. In fact, when it comes to national sovereignty and freedom, this man is downright scary. Again we hear from him that he thinks the helm of sovereign economies should be placed in the hands of the ECB....

    The War on Financial Freedom Escalates in Europe

    We’ve mentioned German Finance Minister Wolfgang Schäuble before. He’s made some of the most outlandish and draconian comments we’ve seen come out of Brussels. In fact, when it comes to national sovereignty and freedom, this man is downright scary. Again we hear from him that he thinks the helm of sovereign economies should be placed in the hands of the ECB....

    Continue Reading...

  • The World Gold Council released quarterly statistics for gold in six currencies. Gold’s high performance in dollars is not simply illustrative of gold’s rise in value, but also of the dollar’s decreasing value. The dollar fared worse than the other currency’s in relation to gold. The report shows the Rupee as the currency that retained the most strength, with gold...

    World Gold Council Q3 Report – Gold Up 11% in US$

    The World Gold Council released quarterly statistics for gold in six currencies. Gold’s high performance in dollars is not simply illustrative of gold’s rise in value, but also of the dollar’s decreasing value. The dollar fared worse than the other currency’s in relation to gold. The report shows the Rupee as the currency that retained the most strength, with gold...

    Continue Reading...

  • As we mentioned yesterday, there are those who are already calling for QE∞2? As we discussed, the focus of QE∞ was on mortgage backed securities. And the writer we considered yesterday shared thoughts about the fact that QE∞2 was already taking place quietly, in the form of the FED purchasing bonds from the U.S. Treasury. Michael Gayed, Chief Investment Strategist...

    QE∞ Not Good Enough = Time for QE∞Squared?

    As we mentioned yesterday, there are those who are already calling for QE∞2? As we discussed, the focus of QE∞ was on mortgage backed securities. And the writer we considered yesterday shared thoughts about the fact that QE∞2 was already taking place quietly, in the form of the FED purchasing bonds from the U.S. Treasury. Michael Gayed, Chief Investment Strategist...

    Continue Reading...

  • In what turns out to be an embarrassing twist of irony the German finance minister questioned American debt even as numbers reveal the worst August deficit in U.S. history. In a Reuters article, Wolfgang Schaeuble was quoted: Ahead of the election in the United States there is great uncertainty about the course American politics will take in dealing the U.S....

    The Progressive Return to Serfdom

    In what turns out to be an embarrassing twist of irony the German finance minister questioned American debt even as numbers reveal the worst August deficit in U.S. history. In a Reuters article, Wolfgang Schaeuble was quoted: Ahead of the election in the United States there is great uncertainty about the course American politics will take in dealing the U.S....

    Continue Reading...

  • Gold’s history as a store of wealth goes back millennia. Wealthy rulers, merchants and property owners might have their wealth spread among livestock, merchandise and property. Of course, for transporting wealth, nothing compared to precious metals and jewels. With the recent move upward, many are expecting hedge funds to be looking at metals more closely again. As bullion prices begin...

    Gold Receiving Renewed Hedge Attention?

    Gold’s history as a store of wealth goes back millennia. Wealthy rulers, merchants and property owners might have their wealth spread among livestock, merchandise and property. Of course, for transporting wealth, nothing compared to precious metals and jewels. With the recent move upward, many are expecting hedge funds to be looking at metals more closely again. As bullion prices begin...

    Continue Reading...

  • Interview with Jim Puplava, by Jeff Clark, Casey Research The CEO of Financial Sense News Hour, Jim is a man you should listen to carefully if gold factors in your portfolio or if you are thinking about adding gold anytime soon. In this interview, Jim talks about how the dollar affects gold prices. He discusses whether we are moving into a...

    Gold, Inflation, Deflation; How to Know and What to Expect

    Interview with Jim Puplava, by Jeff Clark, Casey Research The CEO of Financial Sense News Hour, Jim is a man you should listen to carefully if gold factors in your portfolio or if you are thinking about adding gold anytime soon. In this interview, Jim talks about how the dollar affects gold prices. He discusses whether we are moving into a...

    Continue Reading...

  • Libor shenanigans are making the headlines throughout the west, and rightly so. Unfortunately, this should have taken place years ago. Actually, it shouldn’t have been allowed to happen. But, as these things unfold, we’ll continue to see how the deception and deep manipulation isn’t any one facet of the markets. It runs so deep and is so pervasive that these...

    Libor is NOT the Disease. It’s a Symptom.

    Libor shenanigans are making the headlines throughout the west, and rightly so. Unfortunately, this should have taken place years ago. Actually, it shouldn’t have been allowed to happen. But, as these things unfold, we’ll continue to see how the deception and deep manipulation isn’t any one facet of the markets. It runs so deep and is so pervasive that these...

    Continue Reading...

  • If you’ve been with us for very long, you may remember a somewhat provocative article from February entitled, The European Union = Fiscal Slavery? Our concern was prompted by the audacious comment of Wolfgang Schäuble of Germany in an Evans-Prichard article that discussed the difficult position Greece has been placed in. Could you imagine the Chinese, or even the Canadians, telling...

    Does Merkel’s Stance Threaten Sovereignty?

    If you’ve been with us for very long, you may remember a somewhat provocative article from February entitled, The European Union = Fiscal Slavery? Our concern was prompted by the audacious comment of Wolfgang Schäuble of Germany in an Evans-Prichard article that discussed the difficult position Greece has been placed in. Could you imagine the Chinese, or even the Canadians, telling...

    Continue Reading...

  • Yesterday we mentioned renminbi bonds being marketed in Hong Kong. Last month 23 billion yuan in bonds were issued on private, central bank and national levels. Demand outstripped supply by almost four to one. China Times reports: The issued bonds will be listed on the Hong Kong bourse for exchange. The move will promote the floating of the renminbi and...

    The Greenback: Will the Redback Prevail?

    Yesterday we mentioned renminbi bonds being marketed in Hong Kong. Last month 23 billion yuan in bonds were issued on private, central bank and national levels. Demand outstripped supply by almost four to one. China Times reports: The issued bonds will be listed on the Hong Kong bourse for exchange. The move will promote the floating of the renminbi and...

    Continue Reading...