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Monthly Archives: June 2012

Alhambra Research Note: Update on Greece, the Euro, & Global Recession

By |2012-06-20T15:53:27-04:00June 20th, 2012|Economy|

By John L. Chapman, Ph.D.     June 20, 2012    Washington, D.C. The Greek elections passed without incident on Sunday, and the so-called “center-right” party, New Democracy, captured 30% of the vote in a seven-party contest, and hence the right to form a government.  President Obama was one of many political leaders who hailed the result as meaning Greeks can now work [...]

Another Fine Mess

By |2012-06-17T22:28:33-04:00June 17th, 2012|Currencies, Economy, Markets|

From friend of Alhambra Brian Cronin: A question that comes up frequently in discussions about investments and the future course of the stock market is why the European debt crisis is so important and why investors should pay attention. The easy answer is that in the current state of financial affairs, everything is interconnected and nothing happens in isolation anymore. [...]

Thinking Things Over: Still No Recession in the U.S. in 2012, but Slow Growth? Obviously, Alas

By |2012-06-17T20:12:00-04:00June 17th, 2012|Economy|

Thinking Things Over     June 17, 2012 Volume II, Number 24:  Still No Recession in the U.S. in 2012, but Slow Growth? Obviously, Alas By John L. Chapman, Ph.D.    Washington, D.C. Recent data on the U.S. economy are not encouraging, and calls for a recession have risen in recent months.  But there is after all a big difference between an economy growing at [...]

Alhambra Research Note: The Fate of the Euro, and Euro Investors

By |2012-06-17T18:09:05-04:00June 17th, 2012|Economy, Federal Reserve/Monetary Policy, Markets|

The Fate of the Euro, and Euro Investors By John L. Chapman, Ph.D.        June 17, 2012       Washington, D.C. The world economy is truly suspended on a knife’s edge at the moment, as events in Europe push toward a settlement after years of reckoning postponement.  Global stock markets, led by undervalued U.S. equities, would soar in the event of credible commitment to [...]

Random Interesting Links

By |2012-06-14T18:28:42-04:00June 14th, 2012|Economy, Markets|

When the Senate Banking Committee meets Wednesday to question Jamie Dimon about the massive trading loss at JPMorgan Chase (JPM), its five most senior members will have one thing in common: a heavy reliance on campaign contributions from the politically connected New York bank.  (Crony capitalism at its finest. American Banker) Every day seems to bring another forecast of impending economic [...]

We Don’t Need No Stinking Oil & Gas Jobs

By |2012-06-14T12:20:57-04:00June 14th, 2012|Commodities, Economy|

Spencer England has a post over at Angry Bear about the recent surge in oil and gas jobs in which he argues that the effect on the economy is minimal. He acknowledges that indeed a lot of jobs have been created in the industry: I regularly see right wingers and republicans claiming that we should allow unlimited oil and gas [...]

A Closer Look: World Markets

By |2012-06-10T21:01:46-04:00June 10th, 2012|Markets|

As predicted last month, the world markets were headed for a significant downdraft as economic statistics and a worsening Euro crisis took hold. As expected, once the S&P 500 broke its 50-day moving average we at Alhambra thought it would test the next major level of support, which was the 200-day MA. So far the index has been able to [...]

Let Him Depart

By |2012-06-10T17:40:58-04:00June 10th, 2012|Currencies, Economy|

From friend of Alhambra, Brian Cronin: “He which hath no stomach to this fight, let him depart; his passport shall be made, and crowns for convoy put into his purse. We would not die in that man’s company that fears his fellowship to die with us”. So said King Henry V before the Battle of Agincourt in 1415 according to [...]

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