
It’s Goldman this. And Goldman that. And Goldman rhymes with greed.But it’s “Thank you, Mr Blankfein,” when it’s money that you need.Last week, Greek finance minister George Papaconstantinou slipped. He said not what he should have said, nor what he wanted to ...
European Shares
You are on page 1 of 2In a moment, why the euro's troubles are only just starting...But first, there’s a buzz around here in the office. It’s been a long time coming… but Tom Bulford just released his new oil report. ‘The Abandoned Oil Bonanza: How you could profit from the oil ...
Bethesda, MarylandYes, dear reader, your editor is snowed in. Not for the first time this winter.And we’re not the only ones. The US government is shut down too. No matter. They weren’t doing anything but making things worse.But wait... what’s this?The Washington ...
7 July 2004. That was the day the eurozone started to fall apart. Most people didn’t see it – they were too busy looking the other way. They were more concerned about the death of the US dollar. But back on that day in July 2004, Italy’s sovereign debt was ...
Is this it? Is this the beginning of the end? In the beginning there was the word. And the word was ‘sub-prime’. When investors spoke the word in 2007, markets quaked. By the autumn of 2008, Lehman Brothers had gone broke and stocks were falling all over the ...
Dear Reader, My electricity supplier has sent me four energy-saving light bulbs. I suppose I should be grateful, but I am not. I hate these things. They are big and ugly. They give us about as much light as a flickering candle. Medical experts reckon that they ...
To get a feel at how Europe’s doing, it’s worth looking at the Purchasing Managers Index (PMI) for the region’s manufacturing sector. This is the most crucial ‘turning point’ indicator for the economy, as manufacturing represents nearly a quarter of total ...
Pharmaceuticals have been a great place to invest over the past 12 months. Whilst the FTSE has been battered, money has flowed into the sector for its classic defensive qualities. Recession or no recession, you don’t stop buying drugs. Understand, though, that ...
Finally, a nation with a little backbone...a little integrity...a little good sense. And guess what, it’s that dreary socialist refrigerator – Sweden. Asked to bailout its GM-owned automaker, Saab, the country’s Prime Minister just said ‘no.’ Good for him... ...
You remember that famous cover story of the New York Daily News? New York was nearly bankrupt in 1975. The city asked the feds for a bailout. To his everlasting credit, Gerald Ford had the backbone to just say ‘no’. Had he given the city a bailout Ford might have ...
European Shares
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