12/21/2011 @ 6:01PM |1,912 views
French Banks Won’t Be Able To Handle Inevitable Italian Restructuring
Despite the latest attempt by the European Central Bank to kick the proverbial can far down the road, the Eurozone remains under heavy pressure, a…
Concern that Washington can’t control rising debts or create enough jobs to spur growth contributed to the crash as did the loss of America’s pristine AAA credit rating. Rising fears about Europe’s debt woes made matters worse.
The S&P 500 is down …
Investors, brace yourselves for more potential chaos.
After a week of massive declines across global financial markets, the stage was set for more selling pressure in Europe and on Wall Street as stock exchanges in Asia opened earlier this morning …
Only seven days stand between the U.S. and the effects of a credit default. But a downgrade of the nation’s stellar AAA credit rating seems a lot more likely, and a lot sooner.
The White House had been alerted repeatedly over the past month by …
From Bloomberg:
“Standard & Poor’s put a“negative” outlook on the U.S. AAA credit rating, citing rising budget deficits and debt. “We believe there is a material risk that U.S. policy makers might not reach an agreement on how to address mediu…
UK Budget, Feels “Like an Amputation”
The UK took a chainsaw to its budget to the tune of roughly $120 billion. Unlike the US, the nation feels obliged to implement a few austerity measures that may lend some credibility to its AAA credit rating d…
