Nikkei up another 3% as Yen Breaks .99; Japanese Bonds Halted; Be Careful of What You Ask
May 10, 2013 0

Nikkei up another 3% as Yen Breaks .99; Japanese Bonds Halted; Be Careful of What You Ask

By News Desk

Nikkei up another 3% as Yen Breaks .99; Japanese Bonds Halted; Be Careful of What You Ask Posted by Michael Shedlock at 1:07 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)

Action Plan to Save Slovenia is Trifecta of Stupidity
May 9, 2013 0

Action Plan to Save Slovenia is Trifecta of Stupidity

By News Desk

Please consider the inane "Action Plan" for Eurozone Straggler Slovenia . The new government of struggling eurozone member Slovenia is expected to announce Thursday an action plan aimed at avoiding a bailout, reportedly including privatisations, "crisis" taxes and austerity cuts. Moody’s last week cut its rating on Slovenia two notches to "junk", the economy has been in recession since 2011, unemployment stands at 13.5 percent and voters are fed up with their political leaders