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June 3rd, 2010

The elite, as it were, are congregating outside Barcelona, Spain to discuss the Euro. The Bilderberg Club, which is made up of about 200 of the wealthiest people in the world are meeting to look at the Euro’s future. This is off the heals of the Euro being at 4 year lows against the Dollar. What more can be said? Well, apparently plenty, but no one’s talking about what all the talk will be about.

It is all terribly confidential. Meeting agendas are limited to only a few and when they are delivered no one talks about what is to be discussed. The big issue is the Euro and if it will survive. Nationalists feelings may be checked at the door, but we’ll see. The major worry is world recession. That recession could very well be triggered by the Euro going belly-up.

The membership of the Bilderberg Club include Henry Kissinger and David Rockefeller. Does this have an Illuminati association? With various conspiracy theories linking these two names to a New World Order, one world currency, and numerous coups and corporate mergers, the theorists will have a good year. All pondering aside, this club of elites will have plenty to digest from their plates besides the great food. The Euro is in trouble and news from Greece, where the Bilderbergers met last year, isn’t improving. The U.S. stock markets have been on a wild ride that has shook the working families up and wondering if they should keep their money in or not.

Fear not, The Club of Clubs will have all the solutions including how to stop the Gulf oil leak….. right? Did I mention that last year’s meting was in Greece?

May 25th, 2010

The euro continued its slide yesterday mainly due to the European stock slump. The 4 year low is 1.2146. The mood is lower for American stocks as traders wonder if the Eurozone rescue package, valued at a trillion dollars, will work. Measured appraisals are practically gone, giving the markets tests they haven’t seen.

The Asian Indexes were hit by tensions near the Korean peninsula.

March 10th, 2010

U.S. retail sales for February are to be reported on Friday the 12th. The big snow strorms in the northeastern United States are the big factor as many communities were completely shut down for as much as two weeks.

Most economists are not worried about the report as it’s most likely factored into the markets already. When a slow February hits, a good March usually follows. The dollar was lower vs. the euro, but higher against other currencies.

February 24th, 2010

The dollar remained steady today. The dollar was the safe haven after some tough economic news hit the streets. A lack of buying interest for other currencies helped the dollar to stay steady against the euro and sterling.

The Commerce Department’s home sales report had unexpectedly reported new home sales falling 11.2% in January. Germany’s economic recovery came to a halt. Ben Bernanke told lawmakers that flat oil prices will keep inflation in check. He went on to say that an increase in goods and services in the private sector only can aid further sustained  growth in the U.S. economy.

The dollar is looking better technically against the euro.