Time for a Smaller and Stonger Eurozone?
As all eyes continue to focus on the Eurozone, many are wondering what the outcome might look like. In an article posted on 9/17/2011 in the Huff Post, PIMCO CEO Mohamed A. El-Erian discusses a few possible scenarios including one that would expel Greece (and others, not including Italy) from the Euro. Although radical and Read more ➝
Fears grow that Greece may default
European politicians are beginning to acknowledge the possibility that Greece may default on its debt. As the markets try to digest the consequences of this action for European countries and the world markets, Britain is proposing steps to cordon off its banks investment operations from its retail operation. To learn more about these subject, please Read more ➝
Is Austerity Ushering in a Global Recession?
Robert Reich, former Secretary of Labor under President Bill Clinton and current Professor of Public Policy at the University of California, Berkeley recently penned and article in the Huffington Post suggesting that proposed austerity measures by US and foreign governments will do much more harm than good and will likely prolong our current world economic Read more ➝
After the Correction
During periods of extreme stock market volatility it is sometimes hard to remember that often times with the volatility comes very good opportunities. Mark Fredenburg, CFA, Senior Investment Manager and Mark Litzerman, CFA, Manager, Equity Research, both with Wells Fargo Wealth Management, recently posted a very compelling white paper suggesting that the current equity markets Read more ➝
When a credit downgrade is good
<CNN reporter Colleen McEdwards recently posted a phenomenal article about her experience with downgrades of soverign debt. I have provided an excerpt from her article below but I encourage you to read the full article by clicking the photo to the right. From CNN Business blog, by Colleen McEdwards Without doubt, Standard & Poor’s downgrade of Read more ➝
Unprecedented Fed to the Rescue
Mohamed A. El-Erian, PIMCO’s CEO published an interesting article on the US Federal Reserve’s recent announcement to hold rates at current levels for the next two years–an unprecedented move. To view the entire article, please click the PIMCO logo above.
Worldly, Wise and Worried
PIMCO CEO and Orange County resident Mohamed El-Erian was recently interviewed by Leslie P. Norton for an article that appeared in the July 25, 2011 edition of Barron’s. El-Erian answered questions on many important issues that investors are facing including the US debt crisis, the European debt crisis and his views on emerging markets. For Read more ➝
Understanding the Consequences of a U. S. Debt Downgrade
I recently read an interesting white paper written by Darrell Cronk, Regional Chief Investment Officer for Wells Fargo titled Understanding the Consequences of a U. S. Debt Downgrade. It does a great job laying out some important facts that are worthy of consideration as the conversation rages in Washington D. C. I encourage you to click the Read more ➝
David Walker: 60 Minutes Interview
David Walker served as Comptroller General of the United States and head of the Government Accountability Office (GAO) from 1998 to 2008 during both Democratic and Republican administrations. Since 2005 he has been a no-nonsense, non-partisan voice in the critically important discussion about our Nations soaring debt crisis. In 2007 he was featured on the CBS Read more ➝