Posts Tagged ‘recession’
Bulls ready for another Dow push?
The week start may have looked good but there is still a great sense of unease on DJIA and the global markets. Dow Jones Industrial keeps testing the very strong hurdles as the 10,300 level which is the Dow moving average for the last 3 quarters. Futures are.. ambivalent, and while not set in stone [...]
World Economy – Ready for the Big Bang?
Asia and Europe continue to loose ground as the Euro zone economic troubles spread. Even Scandinavia is starting to unroll the red flags as Swedish finance minister Anders Borg declared that the effects of the Greek scandal are now being felt. On top of this, the speed at which the European community and IMF are [...]
Greece gets help from EU in more trouble
EU is ready to support Geece with loans and guarantees such as from the German State-owned Development Bank Kreditanstalt fuer Wiederaufbau (KfW). Any support would come with strong conditions. Greek Prime Minister George Papandreou, who in recent days met with European politicians, declared in London on Friday evening that the Greek government is planning to [...]
