Archive - Mar 2013 - Blog entry

As the holiday weekend starts and quarter ends, what better time is there to go out on a new S&P 500 Index high? The new high was in the cards.

One thing bulls should worry about is a report that pension plans may rebalance as much as $29-35 billion out of stocks to bonds and other assets with the quarter end. We’ll see how that works this coming week.

A summary of Cyprus' events, for those who may be partial to information. I think you will be thoroughly entertained. 

Tell the man somebody here, you can't beat the house...

Investors take note: a major development is at hand. As bankrupt nations and banks continue to spiral downward there will be more and more desperate attempts to plug the holes in their balance sheets by any means necessary.  And it will be a LOT more than they claim,

A dispassionate overview of the deposit and lending data the ECB published today.

You should be recieving about 46% interest to compensate for the risk of using a Cyprus bank! Use this calculator to determine how much interest your EU (that's right, it ain't just Cyrpus) bank should be paying you. Guaranteed your getting ripped off! Wake up, and smell the confiscation coffee.

The Japanese yen is the strongest of the majors today, where the focus remains on Europe and the re-opening of Cypriot banks. Capital controls are in place. Sure its a contradiction, but may not prove to be fatal, despite the EMU eulogies.

So, relocate all manufacturing plants from Sweden to Bulgaria?

So, one has to ask one’s self… if the ECB (along with the IMF and Germany) has thus far failed to manage, let alone solve, Greece’s problems (a country which comprises only 2% of EU GDP and whose bond market was just €350 billion), how is it now going to solve those of Greece, Spain, Ireland, Portugal, Cyprus, and Slovenia all at once?

What once was a distant noise is now ringing loudly through the streets of Europe. The pain of Cyprus is being felt throughout the Euro-Zone as their inability to curb the current crises is wreaking havoc on the value of the Euro.

Reclaiming the Founding Fathers' Vision of Prosperity

Why there is still only one euro.

Is it possible for burned Cyprus depositors to file a suit against the Troika or the US Navy? Why not?

BANZAI7 BEVERAGE WARNING IN EFFECT

The big news out of Europe is whether or not Cyprus will be a template for future bailouts. Having seen that issues like personal property, rule of law, and democracy got thrown out of the window in Cyprus as soon as things got hairy, investors and depositors throughout Europe are panicked as to whether they will be targeted next when the next European Domino starts to fall.