World Market Rout Is a Loud No-Confidence Vote in Global Leadership

World Market Rout Is a Loud No-Confidence Vote in Global Leadership

Global markets have issued a vote of no confidence in the management of the world’s two largest economies, the U.S. and the euro area. To regain credibility, leaders on both sides of the Atlantic need to recognize the magnitude of the crisis they face.

The outlook reflected by the market rout is not encouraging, coming as it does after European and U.S. officials thought they were doing enough to fix their similar -- and overlapping -- fiscal problems. The U.S. is growing at a rate too slow to withstand a serious shock, and that shock could easily come from Europe’s resurgent financial crisis. So far, politicians’ efforts have been far too timid to convince the world that they have the situation under control.

http://www.bloomberg.com/news/2011-08-05/world-market-rout-is-a-loud-no-confidence-vote-in-leaders-view.html

Horror for US Economy as Data Falls off Cliff

Horror for US Economy as Data Falls off Cliff
Published: Wednesday, 1 Jun 2011 | 2:09 PM ET Text Size
By: Patrick Allen
CNBC EMEA Head of News

The last month has been a horror show for the U.S. economy, with economic data falling off a cliff, according to Mike Riddell, a fund manager at M&G Investments in London.

"It seems that almost every bit of data about the health of the US economy has disappointed expectations recently," said Riddell, in a note sent to CNBC on Wednesday.

"US house prices have fallen by more than 5 percent year on year, pending home sales have collapsed and existing home sales disappointed, the trend of improving jobless claims has arrested, first quarter GDP wasn’t revised upwards by the 0.4 percent forecast, durables goods orders shrank, manufacturing surveys from Philadelphia Fed, Richmond Fed and Chicago Fed were all very disappointing."

http://www.cnbc.com/id/43239586

European single currency is facing an 'inevitable break-up'

Collapse of the euro is 'inevitable': Bailing out the Greek economy futile, says FRENCH banking chief

By Sam Fleming and Tim Shipman

http://www.dailymail.co.uk/news/worldnews/article-1250433/Greece-debt-bailout-EU-leaders-split-euro-crisis.html

Last updated at 1:07 PM on 13th February 2010

The European single currency is facing an 'inevitable break-up' a leading French bank claimed yesterday.

Strategists at Paris-based Société Générale said that any bailout of the stricken Greek economy would only provide 'sticking plasters' to cover the deep- seated flaws in the eurozone bloc.

The stark warning came as the euro slipped further on the currency markets and dire growth figures raised the prospect of a 'double-dip' recession in the embattled zone.

http://www.dailymail.co.uk/news/worldnews/article-1250433/Greece-debt-bailout-EU-leaders-split-euro-crisis.html

Greek Economy faces the Battle of Thermopylae

Does the Greek financial crisis signal the beginning of the end for the EU ?

There is something about FINRA

There is something about FINRA;seems the same people who failed ot protect the public didn't know Bernie Maddoff was crook,or some would say failed to act when everyone knew Bernie Maddoff was a crook ,the very same people who through their policies of no money down easy credit created a global melt down are now claiming to give "unbiased stock advice" on their website? Am I the only one that see the irony in this?

As my grandmother used to say ." I would never buy a used car from that guy" and although I may let my daughter date a Rolling Stone ,I would never take stock advice from an administration that has failed in every single policy initiative it has mistakenly put forth.

Seriously folks getting the IRS to do your taxes seems a far less risk ,than listening to a government agency about something so complex like investing. After all the IRS is billed as the most efficient tax collection agency in the world ! While the SEC is on the cusp of being folded into a super regulatory agency and if anything has completely failed in its mission of protecting the investor class.