The euro zone faces a week packed with political and legal risks, beginning with the German Federal Constitutional court ruling on Wednesday on claims that Berlin is breaking German law and European treaties by contributing to bailouts of Greece, Ireland and Portugal.
18 Signs That Massive Economic Problems Are Erupting All Over The Planet
Unfortunately, the false prosperity that we are currently enjoying is not going to last much longer. Just look at what is happening in Europe. The eurozone is now in the midst of the longest recession that it has ever experienced. Just look at what is happening over in Asia. Economic growth in India is the lowest that it has been in a decade and the Japanese financial system is beginning to spin wildly out of control.
This Stock Market Omen Has Been Confirmed
So what is a Hindenburg Omen? It is the alignment of several technical factors that measure the underlying condition of the stock market — specifically the NYSE — such that the probability that a stock market crash occurs is higher than normal, and the probability of a severe decline is quite high. This omen has appeared before all of the stock market crashes, or panic events, of the past 29 years except one, except the mini-crash of July/August 2011
Anti-austerity protests: Spain, Germany, Portugal
Anti-austerity protesters on Saturday took to the streets of dozens of European cities, including Madrid, Frankfurt and Lisbon, to express their anger at government cuts they say are making the financial crisis worse by stifling growth and increasing unemployment.