The Greek Contagion throws up bad news everyday.Not a day passes by it seems when the Markets and the Euro are rocked from the PIIGS.The Spanish Banking sector has been in the news lately with the “Cajas” being seized or merged together by the Spanish Central Bank.Spurred by the Greek funding problems , European countries […]

A Chronology of the Greek Contagion 1) Markets get spooked by the Greek crisis ; IMF/EU  Bailout  deemed insufficient 2) European markets and risky assets take a might fall 3) Dow crashes 1000 points in 15 minutes 4) The European Bazooka is Unleashed with a lot of Fanfare;Merkel and Sarkozy declare “war” on speculators 5) […]

With US and European markets finally falling on European problems,Asian ones are still not taking into account the major disruptions to be caused by the falling Euro and European demand. Its just not Greece rather the whole indebted Southern Europe that is ordained to spend in the next few years in a low to negative […]