Southern Europe is steadily sinking both economically and politically. Keep an eye on the continent wide rise of the political right whose focus, much like the targeting of the Jews in the 1930s, has been the Muslims

"Be that as it may, it is clear that Southern Europe will not recover for a long time. Portuguese premier Jose Socrates has just unveiled his latest austerity package. He has capitulated on wage cuts. There will be a rise in VAT from 21pc to 23pc, and a freeze in pensions and projects. The trade unions have called a general strike for next month.

Mr Socrates has already lost his socialist majority, leaking part of his base to the hard-Left Bloco. He must rely on conservative acquiescence – not yet forthcoming. Citigroup said the fiscal squeeze will be 3pc of GDP next year. So under the IMF's schema, this implies a 3pc loss in growth. Since there wasn't any growth to speak off, this means contraction.

Spain had a general strike last week. Elena Salgado, the defiant finance minister, refused to blink. "Economic policy will be maintained," she said. There will be another bitter budget in 2011, cutting ministry spending by 16pc.

Mrs Salgado has ruled out any risk of a double-dip. But the Bank of Spain fears the economy may contract in the third quarter.

The lesson of the 1930s is that politics can turn ugly as slumps drag into a third year, and voters lose faith in the promised recovery. Unemployment is already 20pc in Spain. If Mrs Salgado is wrong, Spanish society will face a stress test...."

Read more:

http://www.telegraph.co....in-near-depression.html

Angry euro peans - http://ireport.cnn.com/docs/DOC-498247

[quote=hisah]This mortgage mess will blow up soon - http://plus.cnbc.com/rss...32/code/cnbcplayershare[/quote]

so why are the US markets reacting differently??? they are all up today more than 1%

@hisah you sound like a really spooked investor!!! but i'm sorry to say nothing of what you're saying will come to pass....


March 2009 lows??????????? when companies are posting killer profits and paying out and increasing dividends... i admit it will be a slow recovery but nowhere near what you are saying....

http://www.fns.usda.gov/pd/29SNAPcurrPP.htm -> Food stamps up YoY 17.5% (July 2009 - July 2010). Total 41M peeps on food stamps.
@KK - do you also follow the food contracts apart from the metals.

http://www.bloomberg.com...-years-analyst-says.html

Still on mortgages -> http://www.bloomberg.com...sure-investigations.html

Technology (Software) Sector Takeover/JV Offer

A Singapore based institutional fund is investing 25 Million
Euro into a US based Technology Company with patented IT processes
(USD$20m turnover 2011 - forecast to more than double in 2012;
EBIT of 40%) they will be listing on the Deutsche Borse in late 2010.

The Technology Company has developed software to enable
rendering, viewing and distributing of large 2D and 3D imagery
anywhere in the world at up to 1000 times the speed of current
visualisation technologies.

1. The fund is seeking a listed JV partner with good liquidity for the
Technology Company. The fund would invest into the listed JV partner
on a pass through basis.So the listed JV partner would get both the
asset and the cash to invest in it.

2. They are going to use the funding to acquire and/or JV with EBITDA
positive companies on a global basis. The fund is seeking acquisitions
for them which can increase their distribution network or which have
established compatible technologies, and which meet the criteria below.

3. They are also looking to JV with OEM companies with a strong
connection to the IT industry for their products.

Some of the key criteria:

a) SECTOR: Similar space and/or product synergy

b) KEY CHARACTERISTICS OF TARGETS
Compatible market or product and strategy Excellent brand
Capacity & ability to ramp up
Asset rich
Multiple revenue streams
Listed or private
Efficient decision making process and capability to provide
accretive ebitda
Ability to add value geographically and strategically
Acquisition model based on earn out, part cash, part equity.

Please let me of a good candidate via karanjakinuthia@hotmail.com

Passing 11000 points is very significant www.msnbc.msn.com/id/395...ness-stocks_and_economy/ hisah, what about Germany and Australia. These countries weathered the economic crisis well and are showing growth

Financials 101 - http://m.youtube.com/watch?desk...;v=M_3T-Af57Pg&gl=US

@guru - this one is a good reference. Also watch part 2 and google Dow priced in gold to see the hidden stocks value haircut. The same applies to eurostocks -> http://m.youtube.com/wat...;v=uzef43gdupk&gl=US