The situation in Greece hits home with me because I visited Athens on some business not long before the first Greek riots of 2008 broke out. I went all over the place (Syntagma Square, Monastiraki, the Parthenon, Piraeus, you name it) and had a very good impression of Athens. I stayed in an area of the city called Omonia, which has a reputation for being seedy but didn’t seem dangerous [...]
by Brandon Smith of Alt Market
Sausage The Riot Dog Coming To America?
Who would have thought it possible? Greece, a tiny country on the Mediterranean which is, in the grand scheme of things, economically insignificant, has become the centerpiece of the global financial media and the “make or break” sovereign debt battle for the entire European Union. Let’s face it; Greece dominates [...]
WASHINGTON (Reuters) – Employment likely posted a second straight month of solid gains in March, marking a decisive shift in the labor market that should help to underpin the economic recovery.
Nonfarm payrolls rose 190,000 last month, according to a Reuters survey, after increasing 192,000 in February. The anticipated job gains come amid indications the economy suffered a minor setback early in the year as bad weather and rising energy prices [...]
“Housing went from being the preeminent investment of choice to toxic waste,” added Richard DeKaser, an economist with the Parthenon Group.
Read more @ CNN
After a weak start Thursday, stocks started gaining ground. Art Cashin, director of floor operations at UBS Financial Services, offered his insights to CNBC.
What turned the market around?
“Primarily, an easing of the currency pressure,” Cashin declared.
The mitigating effects were seen in oil and gold prices, both of which are “kind of neutral now.” In addition, he pointed to the 30-year Treasury auction, which “went better” than previous auctions. (Track Treasury [...]