John Mauldin’s take on what’s happening in the crumbling economy of Greece and what Europe’s options are for dealing with it.
Euro
Greece: The California of Europe
The Greek economy is California Dreamin’, apparently…
The New Gameplan?
Is this the gameplan, then? “Dollar Bulls, you guys get to win Tuesdays and Thursdays, we will announce something nasty out of the Eurozone before the NY markets open on those days. Dollar Bears and Investors, y’all need to be patient and wait for Mondays, Wednesdays and alternating Fridays. On those days, we’ll throw you…
Euro: The Beatings Will Continue Until Morale Improves
The Euro’s troubles began earlier this month and with every upset gyro cart in Athens, the beatings have continued. From the WSJ: LONDON — Support for the euro has turned very soggy very quickly, with sovereign credit risk in Greece, banking stress in Austria and weak economic data all suddenly proving a major drag. The…
An Ugly December For The Euro So Far
Le Euro hasn’t been looking good since the start of the month and today’s credit downgrade on Greece’s sovereign debt certainly didn’t help. Wondering about the strength in the dollar and the weakness across commodities today (ex-nat gas)? Look no further than here: The ratings agencies seem to be in the driver’s seat here as…
