Europe is breaking apart at the seems. This Economic Update Video looks at what’s happened recently and prepares you for what’s next. We’re continuing a series of videos which can be found here.
Today, we’ll look at factors such as: The European Bailout & the way it’s perceived in the market, The liabilities of Italian banks, RBS’s estimates of the enormity of the bailouts required along with the even larger estimates made by others, & whether or not Europe’s latest fix (the EFSF) will even pass the various parliaments to help bailout Portugal, Ireland, Italy, Greece, & Spain (PIIGS) & whether its even enough even if it does pass! We’ll also look at the history of these bailouts and how they show sovereign default is bound to happen, Sweden’s borrowing costs as compared to Germany and what this means for the market, the situation in France, and the economic growth that is not happening in Germany and the Netherlands. We’ll consider the Bundesbank’s warning about the drift towards fiscal union without democracy, as well as the very fire situation in Greece where they are quickly running out of cash and the problem Greece and Italy have keeping their promises on austerity. These and more in the video below…
We hope you enjoy this video. If you have not seen The Coming Storm video, you should do so immediately to have a fuller understanding of what lies ahead. You can do so for free by going here. Please let us know what you think of this presentation or if you have any questions, leave them in the comment section below.
This is the first in a new series of Economic Update Videos. You can see the most recent set of Economic Update videos at: 1) US Economic Update Pt 1, 2) US Economic Update Pt 2, 3) US Economic Update Pt 3, & 4) Gold & Silver Update, 5) European Economic Update, & 6) China & the World.