ThxPORTAL - My OnlinE InvestmenT ProgresS

"The crash is over", says an economist. "Housing can only go up," says another. "I think the market has bottomed out," says one builder. "It appears we have turned the proverbial corner," says a second. After hitting a low with stocks in March 2009, U.S. single family building permits rallied in three waves into March 2012. The latest high is more than 65% below the September 2005 peak. A MarketWatch commentary insists,...

Spain is a catastrophe on such a level that few analysts even grasp it. Indeed, to fully understand just why Spain is such a catastrophe, we need to understand Spain in the context of both the EU and the global financial system. The headline economic data points for Spain are the following: Spain’s economy (roughly €1 trillion) is the fourth largest in Europe and the 12th largest in the world. Spain sports an official...