As each day passes, and I watch and read about events in Europe, I grow increasingly frustrated. The Eurozone as it exists today is doomed, and if it isn’t soon dismantled, it risks derailing the worldwide now underway. Watching the Greek parliament pass an austerity bill for me was analogous to watching the [...]

Filed under: NewOak Blog by Vincent Truglia

I normally wouldn’t call for the US Government to intervene in foreign exchange markets, but I think we are posed with a difficult and unusual problem. Also, I don’t mean simple swap lines, but rather an increase in US international reserves is required. My personal view, as I have expressed on a number [...]

Filed under: NewOak Blog by Vincent Truglia

For more than a year I have been arguing that the peripheral countries of Europe should leave the Eurozone. It was a political creation, without the wherewithal to adapt to the various and changing needs of the peripheral members. We are finally seeing that come to fruition with a vengeance. From [...]

Filed under: NewOak Blog by Vincent Truglia

It is not news to anyone that Greece is struggling with a fiscal crisis of major proportions. Unfortunately this is not the first time this has happened. In fact, Greece had to receive special assistance from the European Union (EU) in the early 1990’s, along with Italy, because its domestic debt was turning [...]

Filed under: NewOak Blog by Vincent Truglia

The global economy is setting up its maiden flight under the new market realities and will go through critical tests in the next 12 months. The finishing lap for 2009 brings positive news for the New Year: Many large US/UK banks have announced raising equity to pay back TARP obligations or reduce participation in Asset [...]

Filed under: NewOak Blog by Ron D'Vari