Crosscurrents from Europe, a gaggle of Fed speakers and the start of earnings season in the coming week will provide a critical test for markets in the new year. Read More
Last week's headlines were dominated by European leaders meeting to try to finally develop a coordinated strategy to address the fiscal woes of the European Union’s sovereign nations. As usual, Germany and France took the lead in attempting to forge a closer financial bond to alter the negative sentiment about European financial conditions. Read More
While most have dubbed the products of the European Union Summit as further ‘kicking the can down the road,’ I believe the outcome portends the end of the Euro currency as we now know it. Read More
Today, the Bank of England left rates and quantitative easing on hold as Governor King decides to wait before more additional easing measures are taken and says that the events in Europe are beyond his control. Read More