Treasuries rose, set for a weekly gain, amid concern Greeks will elect a government hostile to the terms of its bailout and before U.S. reports…
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…
JP Morgan – Keep a defensive portfolioFXstreet.comJunya Tanase, chief forex strategist at JP Morgan in Tokyo. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can wor…
The only certain thing if Greece leaves the Eurozone is the uncertainty that will certainly follow.
Unable to form a coalition government during May elections, Greece has been forced to hold a second vote on June 17.
In the balance is the future of the Eurozone itself as a “Grexit” looms large.
So much is riding on the outcome that U.S. President Barack Obama and other leaders of the G-8 have conveyed their optimism that Greece will remain in the Eurozone when they convened for a summit on Saturday aimed at keeping Europe’s economic woes from stretching around the globe.
“All of us are absolutely committed to making sure that growth and stability and social consolidation are part of an overall package,” President Obama said.
But many other principals and economic experts are not as committed and believe a Greek exit would be the best move in the long run.
The question is what impact its departure will have beyond its own ailing borders if Greece renounces its debt and leaves the Eurozone.
(via AFP) Have Primary Dealers Built a Muddle Through Scenario?Bond Market Has Mitigated Some of the Risk, But Don’t Go To Sleep Oil prices slumped…
Last updated:December 30, 2011 7:20 pm
Foreign central banks cut US treasuries
By Michael Mackenzie in New York
Holdings of US Treasuries by foreign central banks has fallen by a record amount over the past four weeks according to the latest Federal …
Reposted from ML-Implode.com with publisher’s permission. Via Bloomberg (snarky remarks from us at bottom) — Have Primary Dealers Built a Muddle Through Scenario?Bond Market Has…
Albert Edwards is the Societe Generale strategist who has a penchant for being bearish. He was even featured by The New York Times as a permabear.
You may disagree with him, but we at Business Insider can’t help but at least be entertained by his li…
Fed lifts veil on primary dealer survey
Reuters – 1 hour 13 minutes ago.. .
By Emily Flitter
NEW YORK (Reuters) – The Federal Reserve Bank of New York took another step in its campaign to become more transparent on Friday, announcing it will publis…
November 21, 2011 6:39 pm
Biggs revises opinion on economy
By Dan McCrum in New York
Barton Biggs, the veteran strategist and investor, has warned that he was too optimistic on the prospects for economic recovery and that the outlook for the US stoc…
