How many acronyms will fit in one article title? For this weeks articles we’ll cap it at three! Many of this past weeks articles at the Hallmark Abstract Service blog focused on the global economy in conjunction with the turmoil in financial markets around the world. These three acronyms played a critical role… PIIGS: These are the five […]
Will the EU and the world dodge a financial bullet by kicking the can down the road for a 3rd time in Greece? An infusion of money by the EU into Greece that will be combined with promises of additional austerity measures, increased taxes and slashed pensions, may stave off the inevitable sovereign debt default and […]
(Update 11:32 AM: As if investor angst wasn’t running at a high enough level already, trading on the floor of the NYSE for ALL stocks has been suspended for an as of yet undetermined reason although off-floor third market trading is still taking place!) (Update 1:45 PM: Is yesterday’s Tweet from the cyber-hacking organization Anonymous […]
Do Americans, waking-up to the fact that Greece has voted NO to its creditors demands, also understand the risks posed by China and Puerto Rico? Not to mention the potential for serious financial angst in other U.S. cities and countries around the world such as Italy and Spain when they see how Greece makes out. The […]
Now that it appears that the Greek people have voted NO to the bailout terms of its creditors, what happens next? These are the initial thoughts of Mohamed El-Erian of Allianz (formerly from Pimco) that he posted on Facebook. Update on the Greek ReferendumFYI, here’s a quick “Greferendum” update. More to follow.1. Exit polls out of […]
This Sunday the citizens of Greece will be voting in a national election that will serve as a referendum on the EU-invoked austerity program that the country has been living through! At stake is the decision that a newly elected government might make to pull Greece out of the Eurozone in what has widely become […]
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US Economic Calendar for the Week of June 30, 2014 The economic calendar in this article provides important information concerning the direction that interest rates may move in the short and intermediate-term while providing anecdotal evidence of the current condition and potential future direction of the US economy. While the July 4th holiday shortened week is somewhat light in terms of […]
