Tag Archives: Cyprus

Work for What You Need

BY RICH GALEN
Reprinted from Mullings.com

Regular readers know that I have the same understanding of global economics as a three-year-old has of quantum physics.

I watch CNBC’s Squawk Box every morning because I know a lot about politics and don’t need to watch (a) people I know talking about what I know or, (b) people I don’t know making stuff up about things they don’t know.

I have never made a dime in any investment so, hope springing eternal, I like to listen to people who have made multiple dimes. Continue reading →

Great Cyprus Bank Robbery

BY RICH GALEN
Reprinted from Mullings.com

It is well known that there are a number of countries in Europe that are in dire financial straits. So dire that they make our $16.7 trillion national debt look manageable.

We know about Greece and Italy, Portugal and Spain. Not only are they drowning in debt, but they have high unemployment (Spain’s is nearly 25 percent) and negative GDP growth.

But the scariest news over the weekend came from the tiny country of Cyprus. Continue reading →