Eagle Eye Opener: Greek Unemployment Reaches 25%; European Market Hits New High

Eagle Eye Opener

Quarter of All Greece Unemployed (AP)

Greece’s national statistical authority released figures for the fourth quarter of 2012, which revealed that 26 percent of the country’s workforce was unemployed. This rate was an increase from the previous quarter’s 24.8 percent and a huge jump from the previous year, which saw 20.7 percent unemployment. When broken down, that figure means 1.29 people were jobless from October to December last year, and — worst of all — 57.8 percent of the workforce under age 25 were unemployed. With this figure continuing to grow and austerity measures still ineffective, Greece’s economy could get much worse before showing any signs of improvement.

New European Market High Ignores Region’s Blemishes (Bloomberg)

As European policy makers gather in Brussels for a two-day summit, they do so just as key European stock metrics show that bourses in Europe have returned to 2008 pre-crash highs. Currently, England’s FTSE 100 is up to 6,500.50 (+.29 percent), Germany’s DAX sits at 8,025.62 (+.69 percent) and the STOXX European 600 Index lies at 2,727.60 (+.85 percent). Pacing its European brethren slightly, this morning’s U.S. index futures show that the Dow will continue its longest extended rally since 1996. So, should investors enjoy the ride or strap in for an imminent whipsaw? Let’s see what St. Patrick’s Day has to say about the situation this weekend…

The Next Shoe to Drop… China’s Credit Bubble (CNBC)

As China struggles to regain the momentum of earlier growth, analysts on both sides of the Atlantic are becoming more bearish on the world’s second-leading economy. Chief among them is Marc Faber, who seems to be warming up for a killer Henny Penny imitation: “Whether they [Chinese] can ensure continuous growth will depend on reforms and how to deflate the colossal credit bubble we have in China.” The chief problem lies with the fact that much of China’s growth seems to have been funded with “underground credit” or questionable loans and investments. Should these loans unravel, it could decimate the Chinese economy and trigger another 2008-style market drop. Let’s hope not.

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

previous article

The still-rising Dow is now on its longest rally since 1996. Today, stocks were boosted by a strong increase in February's retail sales.


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

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

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

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Profits Alert
  • Hi-Tech Trader

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

  • Successful Investing
  • Intelligence Report
  • Bullseye Stock Trader

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

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

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

  • GameChangers
  • Value Authority
  • High Octane Trader
  • Triple-Digit Trader
  • 2-Day Trader
  • IPO Edge
  • Inner Circle

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Technical Traders Alert
  • Success Trading Group


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.

  • Dividend Investor