European Banks Unprepared For Greek Exit From Euro
Bloomberg recently reported that European Banks are unprepared for a Greek exit from the Euro. Once again this issue has become paramount for investors as they try to determine if the Euro can be held together and if it cannot what the consequences will be. Investors who have not taken the time to consider this could Read more ➝
Near Flat Cargo Growth at Local Ports
The ports of Long Beach and Los Angeles report combined near-flat growth of 1.8% for the month of April as compared to a year earlier. Some Economist suggest that this is further proof of a slowing Chinese economy. This on top of already anemic growth rates in Europe have some concerned that there will ultimately Read more ➝
Europe takes a sharp turn to the Left
The recent elections in France and Greece suggest that Europe has taken a sharp turn to the Left electing officials who view the recently agreed upon austerity measures as too severe. Time will tell how this affects Europe which is already mired in a recession, but with pledges like those from France’s President-Elect Francois Hollande to Read more ➝
Home ownership at 15 year low but market “heading back”
“Housing is adding to growth now and I think it is going to continue going forward.” states Patrick Newport of IHS Global Insight. This in spite of recent data that shows home ownership at a 15-year low. “We are headed back to a market that we had 20 years ago, where to qualify for a home Read more ➝
