All over Europe there is upheaval. As the European union is starting to break down because of massive debts in countries such as Portugal, Italy, Greece and Spain (PIGS). Basically the government of those countries has mis-managed the peoples money, tax payers money and now severe government spending cut backs have to be implemented and the people are the ones to suffer.
Archive for the ‘Economy’ Category
Spain Spirals Into Protest and Violence
Saturday, May 28th, 2011Increased Positions In Bearish Funds – Horizon Nasdaq and S&P Bear ETF
Wednesday, May 25th, 2011
As the stock market loses strength here and has problems moving higher I have increased my positions in both the Horizon Nasdaq bear ETF (HQD.TO) and the Horizon S&P bear ETF (HSD.TO). The Nasdaq index has had problems breaking above 2800 and the S&P has no ooomph to get past 1340 and it is stays like this for another month then I think we are going down.
Japan Now In Recession After Economy Shrinks 3.7% Due To Earthquake Tsunami
Friday, May 20th, 2011
Back in March 2011 when the earthquake and tsunami hit Japan I was stunned by the devastation of the natural disaster on Japan. Subsequently the nuclear problem got worst and I had a feeling that the problems Japan will face in the future is going to be bad and one of these problems is the economic impact.
Raise Debt Ceiling Or Face Default – United States Has No Funds, Needs To Print More Money…Again!
Sunday, May 15th, 2011
On Monday, the U.S. government will hit the $14.294 trillion debt ceiling established by Congress and will have to decide and approve more borrowing, either from other countries or by printing more U.S dollars. The bottom line is America is completely broke, the U.S Government over the last 30 years has absolutely mis-managed the U.S taxpayers money.
Harry Dent says “Major Crash†Coming for Stocks , Topping Out
Saturday, May 14th, 2011Here is what Harry Dent is predicting for the coming future for stocks and commodities. I agree with him that the stock market is too crazy hot right now and is due for major correction in the future. Besides corporate profits, nothing much else is supporting the lofty stock market valuations. Jobs are not getting better nor is real estate and growth is slowing.
Stocks Are Going Higher and Oil is Going Lower?
Saturday, April 30th, 2011In the short-term this might be true for the stock market, both S&P and Nasdaq broke out. I think it is possible to see S&P up to 1500 and Nasdaq up to 3000 however only in the short term (3 months) though. After that I don’t see much evidence of economic growth to push the stock market higher…unless U.S Fed , Bernanke prints more digital money out of thin air.
Don’t Listen To The Politicians About The Economy – Here’s The Real Deal
Sunday, April 17th, 2011
Things aren’t getting better for the middle class / regular people, it is only getting better for the really rich / wealthy people and corporations who aren’t really creating jobs right now.
Signs That The U.S Economy Is Slowing Down / Losing Steam
Sunday, April 17th, 2011
Below are the signs that the United States Economy is meeting some headwinds.
100’s of South Korean Schools Cancel – Fear of Radioactive Rain
Friday, April 8th, 2011
After the Japan nuclear plant release of radiative water into the ocean the technicians at the Fukushima plant plugged a crack that had been gushing contaminated water into the Pacific.
This contamination in waters off the coast has fallen dramatically since then, but chances of the winds and rain heading towards South Korean might contain radiation.
This could affect the drinking water and food supply from fruits, vegetables and milk, not to mention fish from waters of South Korea.
