You can stick a fork in the U.S. economy. It’s done. Hope for an abbreviated European slowdown has also evaporated. So now the world turns its desperate eyes towards the developing world. And it ain’t looking good there either.
US stocks indexes are breaking records for daily plunges with worrying regularity. And the wider economy is in a deep hole. But Andrew Snyder says the situation in Europe is even worse. The eurozone economy is heading towards a recession. And politics and bureaucracy are getting in the way of a coordinated response from member states. Andrew says it’s time to reduce your portfolio’s exposure to anything European…
From January 2009 Slovakia will be the eurozone’s newest (and 16th) member. The stability the single currency provides the fast-growing country is attracting considerable investment. But Sara Nunnally says trading on the local stock market remains complicated and risky. Instead, she recommends the numerous international tech companies that are flocking to the area…
Editor’s Note: There’s plenty of investment experts out there. Here at ContrarianProfits.com we publish those we like, those with contrarian ideas and angles. One of the most successful is Bill Bonner, editor of The Daily Reckoning. Bill says he’s putting his money in emerging markets, gold, natural resources and European stocks. Sounds like a plan…
Bowing to peer pressure from Eurocentric readers, today’s comment focuses squarely on opportunities in European indexes, or should that be ‘bourses.’
Yesterday, UK rates came down a quarter to 5%. ECB rates held steady as expected at 4% and all of us who continue to feel poorer can be grateful that we’re not paying a mortgage in Iceland.
The March job report is expected to bring grim tidings about the health of the US economy.
The consensus on Wall Street is for nonfarm payrolls in March to fall by roughly 60,000 jobs. This will raise the unemployment rate from 4.8% to 5%.
Already, the private sector has shed jobs for four consecutive months, led by losses in manufacturing and construction.
