These “PIIGS” Aren’t Flying… But Here’s An Investment That Will
by Karim Rahemtulla, Advisory Panelist
Tuesday, February 9, 2010: Issue #1193
Spending: Out of control… Budget deficits: Surging… Real estate: Sinking like a rock…
Welcome to America, right?
Well, yes. But no. I’m actually talking about the so-called “PIIGS” – Portugal, Ireland, Italy, Greece and Spain. Back in December, I headed to Baltimore to give an interview about the trouble facing these countries as a result of the issues I just mentioned.
The investment “call to action?” Play the debacle by betting on downside for the euro currency.
Presto… the euro has tanked about 10% since that time – a huge move in the currency world. But I think it has even further to go – and more profit to dish out… The PIIGS – Full Article
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It’s Britain’s Fault… And We Want Our Money Back
This analysis is from Martin Denholm, Senior Editor, Investment U
Wednesday, February 3, 2010
If you’ve ever listened to the uber-annoying Chris Berman recap NFL touchdown plays on ESPN, you’re no doubt familiar with his tiresome refrain: “He… could… go… all… the… way.”
When I read that Treasury Secretary Timothy Geithner will stop at nothing to get back “every penny of taxpayer assistance to the financial system,” I imagined a similar cry of: “We… want… every… penny… back.”
Probably not quite as brash as Berman, though. More like Oliver Twist asking for another cup of soup… Full Article
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