Tag Archive for Optimism

Shiller Goes Off The Deep End- Wants to condemn millions of US guaranteed mortgages from the bankster mafia

Robert Shiller has finally gone off the deep end. He wants to condemn millions of US guaranteed mortgages from the bankster mafia. Shiller: My colleague Karl Case and I showed in 1996 that when the value of a home falls below the value of the mortgage debt — when it is underwater — a person…

Eurozone Debt Crisis: What to Expect if Greece Dumps the Euro

The only certain thing if Greece leaves the Eurozone is the uncertainty that will certainly follow.

Unable to form a coalition government during May elections, Greece has been forced to hold a second vote on June 17.

In the balance is the future of the Eurozone itself as a “Grexit” looms large.

So much is riding on the outcome that U.S. President Barack Obama and other leaders of the G-8 have conveyed their optimism that Greece will remain in the Eurozone when they convened for a summit on Saturday aimed at keeping Europe’s economic woes from stretching around the globe.

“All of us are absolutely committed to making sure that growth and stability and social consolidation are part of an overall package,” President Obama said.

But many other principals and economic experts are not as committed and believe a Greek exit would be the best move in the long run.

The question is what impact its departure will have beyond its own ailing borders if Greece renounces its debt and leaves the Eurozone.

To continue reading please click here…

Markit France Services PMI falls at sharpest rate for three years

New business falls at sharpest rate for three years during April Key points: Final Markit France Services Activity Index at 45.2 (50.1 in March), 6-month low. Final Markit France Composite Output Index at 45.9 (48.7 in March), 6-month low. Summary: The performance of France’s service sector weakened markedly in April. Incoming new business fell at the steepest rate for…