The question that’s on everybody’s mind is should Spain seek for a bailout to tide over the current crisis? Even Europe seems to be divided on whether Madrid should actually seek ECB intervention. Spain must ask for ECB help now to avoid panic moments later, feels Luis Garicano, a professor of Economics at the London School of Economics. Since borrowing …
Market Indexes Dip On Europe Worries; Banks, Oil Firms Drag Europe Lower
[Chart courtesy of MarketWatch.com] Despite the housing market showing signs of improvement in September, US stocks closed mostly lower for the second straight day Tuesday on uncertainties in Europe as Spain continues to drag its feet over seeking a formal bailout from the European Central Bank despite Spanish 10-year borrowing costs edging higher in recent auctions. My view of why …
Last Week In Review: ETF News And Blog Posts To 9/16/2012
In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 9/16/2012. Not to be upstaged by Mario Draghi’s announcement that he will do “whatever it takes” to save the Euro during his prior week’s announcement, it was now Ben Bernanke’s turn to deliver the goods …
Why Spain May Not Seek A Bailout Anytime Soon
The European finance ministers met in Cyprus on Friday to discuss financial issues in the EU. One of the sticking points has been whether Spanish Prime Minister should seek ECB help by agreeing to adhere to the strict budgetary and fiscal conditions that are a prerequisite for such intervention. If Spain refuses to seek help formally, will the rally in …
ECB’s Intended Bond Purchases Will Calm The Markets; But For How Long?
The European Central Bank’s decision to buy unlimited bonds from the secondary markets for the peripheral economies was the right decision, since it comes with strong conditions that will result in structural reforms and fiscal discipline, says Anders Aslund, Senior Fellow at the Peterson Institute for International Economics. The so-called Outright Monetary Transactions or OMT by the central bank does …
ETF/No Load Fund Tracker Newsletter For Friday, September 7, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/09/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-09062012/ ———————————————————— Market Commentary Friday, September 7, 2012 US EQUITIES EDGE UP ON FED STIMULUS HOPES; EUROPE RALLIES ON CHINA STIMULUS US stocks continued their upward journey Friday with the major indexes settling higher for the first time in three weeks and extending multi-year highs …