Monthly Archives: April 2012

Second US housing foreclosure tsunami coming

In what appears to be surprising news for some, Reuters has an article titled “Americans brace for next foreclosure wave” whose key premise is that “a painful part two of the [housing] slump looks set to unfold: Many more U.S. … Continue reading

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Gold slumps to 3 month low, down 15 % since Sept

The price of gold, which has climbed for years like a blood pressure reading for anxious investors, plunged overnight to its lowest level in three months. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10796920

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Spain , not Greece, is the real test for the European Union

The decisive test of the euro area’s plans for economic recovery was never Greece but Spain, and the European Union shows every sign of failing it. http://www.bloomberg.com/news/2012-04-04/spain-not-greece-is-the-real-test-for-the-european-union.html

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Spain next under pressure

The pain in Spain is felt mostly by the plain Joses, according to Alan Abelson in his “Up and Down Wall Street” column in this week’s edition of Barron’s.  This is not an April Fool’s Day joke, folks http://www.powerlineblog.com/archives/2012/04/dont-look-now-but-2.php

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