European leaders still haven't figured out a way to stop the bleeding.
Good news from Europe! The euro surged Friday morning on news of a deal to help recapitalize banks. Bond yields in Spain and Italy fell. Stocks around the world rallied and there was a nice pop on Wall Street as well.
Bad news from Europe! The euro surged Friday morning on news of a deal to help recapitalize banks. Bond yields in Spain and Italy fell. Stocks around the world rallied and there was a nice pop on Wall Street as well.
Every time European leaders announce some sort of piecemeal solution to the continent's debt crisis, the financial markets act as if the ref just blew the final whistle to end a soccer match. (Forza Azzurri!)
Unfortunately, that gives European leaders a false sense of security. We've seen this play out numerous times since Greece first started dominating financial headlines in early 2010.
The euro jumped to nearly $1.27 Friday. The fact that it remains higher than where it was at its lows during the summer of 2010 means that the market still doesn't believe t
http://buzz.money.cnn.com/2012/06/29/euro-deal/?iid=HP_LN
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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