Monthly Archives: June 2010

Debt Facade Cracking in U.K. as Sovereign Contagion Spreads

When Greece's markets first started cracking wide open, a lot of claptrap spewed forth from Wall Street. The general consensus: • The problems in Athens would stay bottled up in Athens. • They would remain "contained." • They didn't mean anything for larger economies, including the rest of Europe, the U.K., or the U.S. Me? I told you the exact opposite ... I said the implosion in Greece's stock and interest rate markets — stemming from concerns about that country's massive Read more [...]

Right Mental Attitude

Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.
Thomas Jefferson

THE Australian sharemarket was rose strongly in early trading and the local currency was firm above US84 cents, tracking a rally on Wall Street

The local share market opened higher after Wall Street posted its third-largest gain of 2010 as better than expected home sales figures boosted optimism towards the US economy. The rise came on an increase in pending home sales, a rebound in energy companies and another month of growth in US car sales. The Dow gained 2.25 per cent to 10,249.54 points. The S&P 500 index rose 2.58 per cent and the Nasdaq Composite index climbed 2.64 per cent. On the local market, all sectors opened Read more [...]
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