Dec29

AJ Discala’s Final Thoughts on 2011

“As we approach the end of this year we ask: Can we look forward with some degree of optimism? It is very difficult if not impossible to predict the economic future either on the domestic front or on the global … Continue reading →

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Dec13

AJ Discala Comments on Uncertain Times

“Uncertainty continues to rule the day. The rating agencies have warned European leaders that they are in danger of seeing ratings lowered and therefore interest rates on bonds are likely to go up. That news, coupled with the fact that … Continue reading →

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Dec08

Is The Euro Toast?

“The 17-country Eurozone may be history in the not-too-distant future as central banks are trying to determine the next steps in a crisis that does not want to abate. We may see the printing presses running again, churning out francs, … Continue reading →

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Dec05

AJ Discala Comments on How Europeans Try to Rescue Europe

Instead of “Occupy Wall Street,” the theme of the day seems to be “Rescue Europe.” The two strongest European leaders – Merkel in Germany and Sarkozy in France – will present a plan today to try to keep the European … Continue reading →

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Nov30

Bad News Worldwide

To paraphrase a classic statement from Yogi Berra: “Is this “déjà vu all over again?” The world was in terrible shape in the late 1970’s and today we seem to have crises of even greater proportions. The Euro is on … Continue reading →

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Nov17

AJ Discala Comments on “Turmoil Spreads in Europe” Article

“The global economy seems to be a ship afloat without a captain to steer us into port. Yesterday, the Wall Street Journal headlined “Turmoil Spreads in Europe.”  What we are seeing now is a growing lack of confidence in even … Continue reading →

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Nov12

AJ Discala Comments on How The Banks Profits Are Up

“Both Congress and President Obama have handed the American electorate a turkey this holiday season. Unfortunately it is not going to be gracing any family tables on Thanksgiving Day. Once again our elected leaders have let us down and we … Continue reading →

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Nov10

AJ Discala Comments on Additional News From The Italy Debt Crisis

“As we mentioned earlier this week the fear of a debt crisis in Italy is having profound effects on our own domestic markets. The New York Times today states that Italy’s problems “prompt a global sell-off” and once again we … Continue reading →

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Nov08

AJ Discala Comments on Italy’s Ability to Meet its Long Term Debt Obligations

“We were slightly optimistic that Greece would stabilize and there might be light at the proverbial end of the tunnel. But now it seems that the crisis of confidence has spread to Italy and we will all wait with anticipation … Continue reading →

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Nov03

AJ Discala Comments on A New York Times Article Today About The Federal Reserve’s Growth Outlook

It should be no big surprise that the Federal Reserve “slashes outlook for U.S. growth” as reported on the front page of today’s New York Times. The Federal Reserve chairman Ben Bernanke stated that he overestimated the nation’s recovery from … Continue reading →

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