Today's Notes | Featured Podcasts |
What is different this time?
Simply put, the troubled countries in Europe have borrowed too much and can’t pay their bills. That leaves the banks stuck with the credit risk, in the form of bonds the countries owe, and the countries can’t afford to pay them back.
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The European Central Bank is taking everybody's attention right now sucking up all the oxygen. It's impossible to know how they will reach agreement or what agreement they're going to reach, even though it's obvious that sooner or later they will agree. This is not a new society, it's been going on for couple of thousand years, and this isn't the first problem.
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Is the goal to make ourselves feel good or make money?
If markets are about to take a big turn downward, would our audience like to know about it and act, or bury our heads in the sand?
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So, what stock should I be buying now? That's all most people want to know - listeners, Inner Circle subscribers, students, and just people I meet at the market. The answer isn't what they want to hear...
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