The Eurozone Doomsday Machine of Austerity

Interesting perspective on the effect of fiscal contraction in the eurozone by Econbrowser. I guess it makes sense. If the multiplier at the zero bound is high for positive spending it should be equally high (with a negative sign) if fiscal spending is cut back. The only issue is obviously that most of the . . . → Read More: The Eurozone Doomsday Machine of Austerity

Equities the Way to Benefit from Gold's Strength: Henk Krasenberg

Henk J. Krasenberg, analyst and founder of the European Gold Centre and author and publisher of the GOLDVIEW newsletter, sees no lack of potential among small-cap equities, especially for investors willing to look beyond the U.S. borders. He offers names in Europe and Africa—what he calls “the poorest and richest continent”—and reminds us . . . → Read More: Equities the Way to Benefit from Gold’s Strength: Henk Krasenberg

Economic Events on July 3, 2012

The figures for motor vehicle sales for June will be released today.  The consensus estimate is that 13.9 million autos were sold last month, which would be 100,000 more than the previous month.

At 7:45 AM Eastern time, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of . . . → Read More: Economic Events on July 3, 2012