Cash now makes up an average 5.3 percent of portfolios, the most since January 2009, according to the closely watched Bank of America Merrill Lynch Survey of Fund Managers for June. Curiously, investors on some levels are more suspect not of prospects in Europe but in the U.S., where expectations for growth fell 25 percent,…
Tag Archive for Debt Problems
Contributors- Economic and Financial, Money Morning, Must Read
Paul Krugman is Dead Wrong, Debt Matters
by Shah Gilani • • 0 Comments
Paul Krugman, the Princeton University economics professor, Nobel Prize winner, and regular New York Times op-ed contributor says, “Debt matters, but not that much.”Not only is he off the reservation on this one, but he’s completely fallen off his high horse. In the real world, debt actually matters a lot. In a New York Times…
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The Revolt Of The Debtors
by Bears Chat at The Wall Street Examiner • • 0 Comments
BRUSSELS – Greek Prime Minister George Papandreou’s call to hold a referendum on the rescue package agreed at the eurozone summit in late October has profound implications for European governance. It may also determine the future of the euro.
…
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Latest from Doug Noland
by Bears Chat at The Wall Street Examiner • • 0 Comments
Doug’s latest is not so far from Martin Armstrong’s most recent post.
the Swiss National Bank (SBN) with the stroke of a press release essentially destroyed the Swiss franc’s long-held safe haven status in the marketplace
— the unconventional toolb…
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Analysis: Europe puts its head in sand over growth crisis
by Bears Chat at The Wall Street Examiner • • 0 Comments
Analysis: Europe puts its head in sand over growth crisis
On Monday September 5, 2011, 4:19 am EDT
By Alan Wheatley, Global Economics Correspondent
LONDON (Reuters) – Japanization is shorthand for slouching toward that country’s noxious mix of low gr…
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American Idiots: How Washington is Destroying the Economy
by Bears Chat at The Wall Street Examiner • • 0 Comments
What the hell is going on?
Standard & Poor’s, the bond-rating agency, downgrades the U.S., and the world trembles. The markets here go nuts on the first trading day after the downgrade, losing $1 trillion in value. European Union finance chiefs ar…
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Fate of Global Economy Depends on 1 Factor: Oil Prices
by a Wall Street Examiner • • 0 Comments
There are plenty of risks in the economic outlook right now, including global supply disruptions following the multiple disasters in Japan, sovereign debt problems in Europe, budget gridlock in the U.S., and China’s inflation and rate hikes.
What …
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U.S. and China Going In Opposite Directions
by a Wall Street Examiner • • 0 Comments
Be nice to those you meet on the way up. You never know who you might need on the way back down….
China is in the midst of a ‘State visit’ to the U.S. but this time China will get a state banquet. This implies a changed attitude to China by the U…
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Quote of the Day….
by a Wall Street Examiner •
BTW-I had an epiphany yesterday that is one of those moments where an idea migrated from my head (where it resides as a construct) to my gut (where it develops into an intuition with ample room to do so I hasten to add.) As I stare at global debt probl…
