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Daily Archives: November 24, 2011
Financials cut support like butter: stand clear of falling knives
Canadian financials (like others around the world) are falling hard here, stand back. Remember dividends are no salve for missing limbs. Source: Cory Venable, CMT, Venable Park Investment Counsel Inc
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Germany’s Merkel: “Eurobonds will not work”
Angela Merkel: “I find it extraordinarily inappropriate that the European Commission today focuses on eurobonds, in different varieties, giving the impression that the debt burden can be shared and that we can get rid of the errors in the structure … Continue reading
Roubini on the math of Europe and the global contagion
“Money alone is not going to resolve the problems” in Europe, where the “contagion is spreading” far beyond the so-called periphery, according to New York economics professor Nouriel Roubini. “The contagion has now gone viral, cross Atlantic and global.” If … Continue reading
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