Posts Tagged ‘European Union’

“It’s All Greek To Me”

This article was posted on The Huffington Post on Monday, 10/17/11. To view it on HuffPost click on the link.

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The Greek Parliament agreed on new austerity measures to avoid sovereign default.

As the European Union, the International Monetary Fund, and European Banks grapple with a plan to avoid the collapse of Greece, and the potential domino affect on Portugal, Ireland, Spain, and Italy, the social unrest in Greece grows.

Austerity measures imposed by the ECB are deep and damaging to the Greek people, striking at the most vulnerable citizens; sparking huge protests in the cradle of democracy.

The problems in Greece and Southern European countries are microcosms of a problem throughout the world; financial destruction caused by a greedy, protected, unregulated banking system.

But, the anger and unrest are not confined to the socialistic states of Europe.

It is happening globally and the thirty year move to a Plutocratic Oligarchy is propagating class warfare.

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Posted in HuffPost Articles, Occupy, Politics | Comments Off

“Surrounded by Warning Signs!”

Could the stock market still feel the pain of a double dip?

The market had a huge scare last week which left Wall Street reeling!

Traders, analysts, and everyone on Wall Street are worried that this might not just be a glitch. They’re calling it a “flash crash” but it could be one of the many warning signs that the market is just two converging economic crises from a meteoric fall to a new bottom?

The new bottom—a more realistic bottom given all the band aids that have been applied to this economy—could be the second leg of the double dip. There is compelling evidence, largely ignored, that the March low of 6,547 could be tested again.

Despite the rising markets there has been a pall over the trading floors for sometime. And rightly so. The signs are there and they are many.

But does that indicate a double dip?

Last Thursday, David Hefty, CEO of Cornerstone Wealth Management appeared on Squawk On the Street and identified several of the huge warning signs that threaten the global markets.

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Posted in Economy, Markets, Wall Street | 1 Comment »