Eagle Eye Opener: Euro Hits High; “Drill Baby Drill”; Twinkie-Gate

Eagle Eye Opener

Euro Hits Two-Year Low on EU Indecision (YahooFinance.com)

Currency investors watched the euro hit a two-year low versus the U.S. dollar on Tuesday. The drop was, in part, due to the European Union’s delay in delivering another round of badly needed bailout funds to Greece — despite the fact the country had just approved another round of austerity measures. The EU’s inability to agree with the International Money Fund on a long-term Greek rescue plan caused the funds to be delayed. The longer this issue remains undecided, the worse it could be for the euro.

 

“Drill Baby Drill” Alive and Well   (CNBC.com)

Mitt Romney may have lost the election, but the Republican philosophy of “drill baby drill” is alive and well. That’s because, by the end of the decade, the United States is projected to pass Saudi Arabia in oil and gas production — much to the delight of domestic oil industry investors. The International Energy Agency announced that by 2020, unconventional means of oil and gas extraction will vault the United States ahead of Saudi Arabia’s 11 million barrels per day and, by 2035, the United States would be totally independent of Middle Eastern Oil.

 

Twinkie-Gate: The Secret American Nightmare (CNNMoney.com)

Forget the “fiscal cliff.” There’s an even larger nightmare lurking on the horizon for U.S. citizens. The ongoing Hostess bakers’ strike in protest of a restructured contract could jeopardize the company’s bankruptcy plan, lead to a liquidation of assets, and upset the entire snack-cake industry for investors. Worse yet, the labor dispute could mean the end of the Twinkie, at least temporarily. With the bakers’ strike currently affecting 24 of 36 Hostess production plants, the situation “… needs to be resolved in days, not weeks,” said CEO Greg Rayburn. Let’s hope cooler heads prevail before the unthinkable happens: the Twinkie’s extinction.

Exclusive  Alert: Turned Back at the 200 Day -- Again

 

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

U.S. stocks rose, after the Standard & Poor’s 500 Index’s biggest weekly retreat since June, as investors awaited budget talks in Washington and European finance chiefs met to discuss aid to Greece.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE