Moody’s downgrades Commerzbank, other German banks (via AFP) Credit rating agency Moody’s on Wednesday lowered its ratings for six German banks pointing to “the increased…
Euro zone Oct private sector slump flags recession
On Friday November 4, 2011, 6:50 am EDT
By Anooja Debnath
LONDON (Reuters) – Private sector activity in the euro zone shrank at its fastest pace in 28 months in October as the debt crisis sapped new …
continuation of the Ponzi requires debt markets to continue growing without limits …. who is gonna buy all this new and roll-over debt that needs to find a home? no guidance from the Bernank re: QE3 as it might cause a waterfall decline in debt marke…
