Europe continues work on long-term solution to debt crisis
European officials will forge ahead with crafting a long-term plan to tackle ther region’s debt crisis as banking and government negotiators continue trying to reach an agreement that will lighten Greece’s debt bureden. Click the photo to the left to read the entire article as reported by the Los Angeles Times.
European Stocks Advance as EU Ministers Meet
European stocks climed to a five-month high, led by a rally in banks, as Germany and France said Greek debt-swap talks are making progress. Click the photo to the right to read the entire article reported by Bloomberg.
Global Implications of the Eruozone Crisis
As the eruozone crisis escalates, PIMCO’s Scott Mather, managing director and head of global portfolio management, explains its increasingly global impact. Click on the attached photo to read the entire article from PIMCO.
Euro, global stocks drop on euro zone downgrade talk
The euro fell to a 16-month low and world stocks dropped on Friday on talk that Standard & Poor’s was set to downgrade the ratings of several euro zone countries. Click on the attached photo to read the entire article from Reuters.
Labor of Love-1946 Ford Woodie
One of our long time clients recently took me for a ride in her pride and joy, a 1946 Ford Woodie. Riding in this car is like taking a time machine back to the past, when bigger was better and materials like steel were in short supply because of the war effort. To compensate, manufacturers used Read more ➝
Time for a Smaller and Stonger Eurozone?
As all eyes continue to focus on the Eurozone, many are wondering what the outcome might look like. In an article posted on 9/17/2011 in the Huff Post, PIMCO CEO Mohamed A. El-Erian discusses a few possible scenarios including one that would expel Greece (and others, not including Italy) from the Euro. Although radical and Read more ➝
Fears grow that Greece may default
European politicians are beginning to acknowledge the possibility that Greece may default on its debt. As the markets try to digest the consequences of this action for European countries and the world markets, Britain is proposing steps to cordon off its banks investment operations from its retail operation. To learn more about these subject, please Read more ➝
Is Austerity Ushering in a Global Recession?
Robert Reich, former Secretary of Labor under President Bill Clinton and current Professor of Public Policy at the University of California, Berkeley recently penned and article in the Huffington Post suggesting that proposed austerity measures by US and foreign governments will do much more harm than good and will likely prolong our current world economic Read more ➝
After the Correction
During periods of extreme stock market volatility it is sometimes hard to remember that often times with the volatility comes very good opportunities. Mark Fredenburg, CFA, Senior Investment Manager and Mark Litzerman, CFA, Manager, Equity Research, both with Wells Fargo Wealth Management, recently posted a very compelling white paper suggesting that the current equity markets Read more ➝