http://realemedia.com REM Tue, 21 Feb 2012 19:41:05 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://realemedia.com/2012/02/21/greek-deal-is-another-fiscal-solvency-in-our-time/ http://realemedia.com/2012/02/21/greek-deal-is-another-fiscal-solvency-in-our-time/#comments Tue, 21 Feb 2012 19:40:51 +0000 Cliff http://realemedia.com/?p=2190 Once again Greece has avoided a messy default and once again its creditors have had to take a greater loss on their loans and once again standards had to be abandoned to make the deal go through. And once again, we’re not done yet.
Realistically, Greece is actually undergoing a messy default; it’s just doing it in slow motion. When creditors are not fully paid, there is a default. The original default terms for creditors last summer ...]]> http://realemedia.com/2012/02/21/greek-deal-is-another-fiscal-solvency-in-our-time/feed/ 0 http://realemedia.com/2012/02/16/eu-debt-crisis-spreads-worldwide/ http://realemedia.com/2012/02/16/eu-debt-crisis-spreads-worldwide/#comments Thu, 16 Feb 2012 20:11:55 +0000 Cliff http://realemedia.com/?p=2186 As the situation in Greece deteriorates further, Moody’s announced today that it intended to downgrade 114 European financial institutions and 17 global banks. Hopes that China will buy up   EU sovereign debt to help prop up the faltering eurozone may wind up costing the U.S. more than it does China.
The hostility between Greece and the EU/IMF/ECB bailout troika is palpable. Nevertheless, there are claims that a deal should be reached by Monday. Whether the severe budget cuts demanded ...]]> http://realemedia.com/2012/02/16/eu-debt-crisis-spreads-worldwide/feed/ 0 http://realemedia.com/2012/02/14/financial-cycles-repeat/ http://realemedia.com/2012/02/14/financial-cycles-repeat/#comments Tue, 14 Feb 2012 18:12:16 +0000 Cliff http://realemedia.com/?p=2164 Repeating cycles and the historically oft repeated government responses to them provide us with a lot of information about what can happen in the markets during the next ten years.
Just like everything else, the cycles will behave as they have in the past because the  fundamental driving forces behind them are the same as they always have been.
]]> http://realemedia.com/2012/02/14/financial-cycles-repeat/feed/ 0 http://realemedia.com/2012/02/14/default/ http://realemedia.com/2012/02/14/default/#comments Tue, 14 Feb 2012 18:05:40 +0000 Cliff http://realemedia.com/?p=2166 No government is of course going to admit that it is going to default. 
If it did, no one would purchase its bonds and this would cause an immediate default.  It is not surprising that the Greek government is denying the obvious,
 EU leaders are grasping at straws to explain how a Greek default will be avoided, or that the mainstream media is trying to spin those straws into a golden fantasy of solvency. 
Argentina denied that ...]]> http://realemedia.com/2012/02/14/default/feed/ 0 http://realemedia.com/2012/02/14/greece-is-a-default-close/ http://realemedia.com/2012/02/14/greece-is-a-default-close/#comments Tue, 14 Feb 2012 18:04:02 +0000 Cliff http://realemedia.com/?p=2169 Like the U.S., the EU has run out of borrowing power, so debt without money printing is no longer an option.
Weaker economies mean more downgrades from the ratings agencies can be expectedand worse-default
]]> http://realemedia.com/2012/02/14/greece-is-a-default-close/feed/ 0 http://realemedia.com/2012/02/10/will-greek-bailout-deal-falter-now-or-later/ http://realemedia.com/2012/02/10/will-greek-bailout-deal-falter-now-or-later/#comments Fri, 10 Feb 2012 19:27:29 +0000 Cliff http://realemedia.com/?p=2153 The Greek bailout deal is once again falling apart. Whether or not it is patched together another time, the end will inevitably be an ugly default.
On Thursday, news sources around the world were trumpeting that the EU and Greece had come to terms that would allow Greece to receive a 130 billion euro bailout payment that would prevent the country from defaulting by March. But late in the day, EU finance ministers made additional demands on ...]]> http://realemedia.com/2012/02/10/will-greek-bailout-deal-falter-now-or-later/feed/ 0 http://realemedia.com/2012/02/08/investing-themes-2010-2020-overview/ http://realemedia.com/2012/02/08/investing-themes-2010-2020-overview/#comments Wed, 08 Feb 2012 22:33:05 +0000 Cliff http://realemedia.com/?p=2150 Investors make the most consistent money by following bigger trends and going long in uptrends or shorting into downtrends. Longer term trends are not unidirectional however, but subject to either sharp or intermediate term reversals. At those points, it is best to get out of the market until the uptrend or downtrend resumes. Of course all trends eventually come to an end and it is important to recognize this when it happens and to close out your ...]]> http://realemedia.com/2012/02/08/investing-themes-2010-2020-overview/feed/ 0 http://realemedia.com/2012/02/06/greece-is-now-on-financial-life-support/ http://realemedia.com/2012/02/06/greece-is-now-on-financial-life-support/#comments Mon, 06 Feb 2012 19:52:21 +0000 Cliff http://realemedia.com/?p=2142 The current debt crisis that is now impacting the entire Euro-Zone started in Greece in late 2009. The problems there have yet to be fixed despite numerous mainstream media reports to the contrary in the last two years.
The EU’s debt crisis is not getting resolved because it is no more possible to solve a debt crisis with more debt than it is to sober up a drunk by giving him more alcohol.
Jobs, Jobs, Jobs front ...]]> http://realemedia.com/2012/02/06/greece-is-now-on-financial-life-support/feed/ 0