Chad Stone, chief economist at the Center on Budget and Policy Priorities, thinks all this talk of a “fiscal cliff” is dangerously misinformed. “The economy…
Peter Spiegel, Brussels bureau chief at The Financial Times, told CNBC, “The concern is that the banking crisis in Spain has gotten so bad that…
Australian central bank cuts interest rates to 3.5% (via AFP) Australia’s central bank cut interest rates by 25 basis points Tuesday to 3.5 percent amid…
JPMorgan: Impact Of Loss Scenarios On EPSSeeking AlphaSince JPMorgan Chase (JPM), the nation's largest bank with $2.3 trillion in assets, pre-announced on May 10, a more than $2 billion material loss expected in a portfolio of credit default swaps,…
Telegraph.co.ukFacebook crashes below $30 in 'worst IPO in a decade'Telegraph.co.ukFacebook and its Wall Street advisors are already being sued by investors who lost out in the $16bn IPO, amid claims that they were misled about the social netwo…
Hedge funds are piling into bets against the bonds of core euro zone countries like Germany and France, signaling a growing fear that nations once…
(via AFP) London stocks closed fractionally up Friday after an unsteady day of trading buffeted by new fears over the state of the Spanish economy.…
SCOTT SUMNER and TIM DUY offer responses to yesterday’s post on monetary policy and the fiscal cliff that are worth a read. To summarise very briefly, Mr Sumner asks why the Fed wouldn’t be happy to fully accommodate a plunge over the fiscal cliff give…
Euro dives under $1.25 for first time since July 2010 (via AFP) The euro dived under $1.25 on Wednesday, hitting a new 22-month low, hit…