Good morning everyone – thanks for checking out Joe Blow Finance. Finance news Reports quote Germany and France agreeing to expand Euro area rescue fund to 2 trillion euros Simple finance news If you read here often, you’ll know my feelings on Europe. It is a major problem. I’ve talked about it here, here, here, [...]
Finance news Bigger losses possible for holders of Greek debt Simple finance news This is, in a way, the news everyone has been waiting for. First some background. Greece is on life support. The only way it is surviving is through an agreement it made with other European governments. Those governments would support Greece (provide [...]
Hey everyone, thanks for checking in. This post covers Europe and what they may do to fix their problem. It likely won’t be enough. Finance news European Central Bank may loan directly to nations, private banks Simple finance news Europe is sick. And the sickness is causing it to demonstrate certain symptoms. These symptoms, among [...]
Finance news: Markets demonstrate Europe importance, rising even as economy looks bad Finance news simplified Today was a telling day. Bad news #1: Inflation increased more than expected. This means goods became more expensive than thought. When goods are more expensive, fewer people can afford them, therefore fewer people buy them. Negative for the economy. [...]
Good evening; thanks for checking in. Finance news China may have an ulterior motive when it comes to purchasing European country debt: Increasing their own exports Finance news simplified This is the second part of my post from earlier this morning. I’m going to start with a basic overview of the mechanics (sorry for this [...]
Good morning; thanks for checking out Joe Blow Finance. Here’s today’s thought: Finance news headline China may be willing to “support” indebted European nations Finance news simplified If you’ve been reading regularly, you’ll know that Europe has been a popular topic (Greece, Germany, Europe). To recap, the concern is that certain European nations will be [...]
Finance news: Chance of Greece defaulting on debt spooking investors worldwide. Finance news simplified: Why does everyone keep talking about Greece? I’ve been there, beaches are nice, what’s the problem? The problem is their economy is tumbling off a cliff. Ok, so what right? That’s their problem! Unfortunately not. When the economy is bad, people [...]
Finance news: German high court rejected challenges to its participation in European bailout effort. Finance news simplified: Germany is currently the strongest country (economically) in the Euro area. That means Germany is key to saving the countries (mainly the PIIGS) that are in worse positions. Why is Germany so important? It is because individual countries [...]
Story: Concern over European sovereign country debt spooks investors with fresh memories of 2008. So what? In an earlier post discussing Greek banks, I touched on the significance of country debt, in that case Greece’s. Greece, however, isn’t the only problem, and in fact other (larger) countries are being seen as even higher risk. If looking [...]