UK Economic and Debt Crisis Approaches Dangerous Tipping Point

Posted by Matt in March 15th, 2010 | no comment

Published in Financial, Cataclysm, Debt Crisis, Economic Crisis, Elites, Matter Of Time, Political Establishment, Precipice, Probability, Sinks, Sovereign Debt, Sustainable Solution, Tipping Point, United States

It seems to this observer that it is only a matter of time before the UK sinks into an irreversible sovereign debt cataclysm, with the United States not far behind. Anyone who believes that the same political establishment and financial elites that have led both nations to this hellish fiscal precipice can now lead us [...]

The Great Credit Squeeze | Money and Markets

Posted by Matt in March 15th, 2010 | no comment

Published in Financial, Credit Squeeze, Debt Crisis, Federal Deficit, Free Email, Free Investment, Money Free, Money Markets, Sovereign Debt, Squeeze Money

If you think that the sovereign debt crisis is mostly behind us … that America’s federal deficit is turning into a non-issue … or that we can just go back to business as usual … you’d better consider the drama now unfolding in the hard numbers just released last week:
The Great Credit Squeeze | Money [...]

A Long Way From Economic Normalcy

Posted by Matt in March 13th, 2010 | no comment

Published in Economy, Aftermath, Balance Sheets, Banks, China, Consumers, Debt Crisis, Developing Economies, Economy, Europe, Fiscal Stimulus, Fourth Quarter, Greece, Inventory Replenishment, National Journal Magazine, Normalcy, Overhang, Property Values, Signs, Sovereign Debt, Spurt

The economy grew 5.9 percent in the fourth quarter of 2009, but the number is not as strong as it looks. Most of it is based on temporary factors, notably a spurt of inventory replenishment and the now-waning fiscal stimulus. An overhang of debt and low property values continues to weigh down banks’ and consumers’ [...]

How Greece’s Debt Crisis Affects America – US News and World Report

Posted by Matt in March 11th, 2010 | no comment

Published in Economy, Financial, Area Exports, Brown Brothers Harriman, Council Of Economic Advisers, Currency, Debt Crisis, Economic Downturns, Economic Report, Financial Crisis, Gaps, Global Head, Greece, Interest Rates, Investment Firm, News World, Recession, S Council, Us News And World Report, White House

If Greece defaults, “it risks exacerbating the economic downturns and could even reignite an acute financial crisis” through higher interest rates, Marc Chandler, global head of currency strategy at investment firm Brown Brothers Harriman, wrote in a report.
A Greek default would hit Americans hard in one major area: exports. According to the Economic Report of [...]

Economy ‘Far too Close’ to Double Dip: Roubini

Posted by Matt in March 10th, 2010 | no comment

Published in Economy, Financial, Challenges, Debt Crisis, Double Dip Recession, Economy, Europe, Financial Crisis, Fiscal Stimulus, Measures, News Headlines, Poor Economic Data, Research Paper, Risk, Roubini, Second Half, Tipping Point

Poor economic data in the US coupled with Europe’s debt crisis are contributing to an increase of the risk of the US economy going through a double-dip recession, Nouriel Roubini, who predicted the 2007 financial crisis, wrote in a research paper.
At best, the US economy is headed for a U-shaped recovery this year, Roubini said. [...]

RED ALERT: Next debt crisis near!

Posted by Matt in February 16th, 2010 | no comment

Published in Economy, Bad Debts, Bank Of America, Bofa, Countrywide Financial, Debt Crisis, European Governments, Fannie Mae, Fish Contamination, Greece Italy, Investor Confidence, Jpmorgan Chase, Merrill Lynch, Sinking Ships, Small Fish, Sovereign Governments, Subprime Lenders, Toxic Material, U S Treasury, Unintended Consequences, Washington Mutual

One year and five months ago — armed with a 92-page white paper and 59,000 petitions — we warned Congress about the grave danger of government bailouts.
To view the video of my presentation at the National Press Club, click here. To download the white paper, “Dangerous Unintended Consequences,” click here.
And to understand how [...]

A Greek crisis is coming to America

Posted by Matt in February 11th, 2010 | no comment

Published in Economy, Acronym, Athens, Coming To America, Debt Crisis, Eurozone, Fiscal Crisis, Grave Mistake, Investors, Lisbon, Madrid, Ramifications, Sovereign Debt

It began in Athens. It is spreading to Lisbon and Madrid. But it would be a grave mistake to assume that the sovereign debt crisis that is unfolding will remain confined to the weaker eurozone economies. For this is more than just a Mediterranean problem with a farmyard acronym. It is a fiscal crisis of [...]

Greece’s economic crisis could signal trouble for its neighbors – washingtonpost.com

Posted by Matt in February 9th, 2010 | no comment

Published in Economy, Financial, Debt Crisis, Economic Crisis, Economic Problems, European Countries, Government Spending, Greece, Neighbors, Sovereign Debt

But the underlying economic problems facing Greece and some other European countries mean that radical cutbacks in government spending and more social pain are likely to follow as these countries move to avert a sovereign debt crisis, in which nations find themselves unable to pay on their obligations.
Greece’s economic crisis could signal trouble for [...]

Debt crisis unsettles European economy – washingtonpost.com

Posted by Matt in February 6th, 2010 | no comment

Published in Economy, Europe, Asia, Crises, Debt Crisis, Economic Woes, Euro Debt, Europe, European Economy, Eurozone, Germany, Greece, Latin-America, Neighbor, Parallels, Turmoil, Value Of The Euro

The crisis unfolding in Europe has some parallels to the debt crises that hit Latin America and Asia in the past, particularly in how Greece’s problems have spread so quickly to other countries in the region with similar economic woes.
But there are major differences. Analysts said the healthy, large economies of the “eurozone” — namely, [...]

Chinese hunt for bargains in Dubai | FT.Com

Posted by Matt in January 19th, 2010 | no comment

Published in China, Bargains, Chinese Citizens, Debt Crisis, Investments, Living In Dubai, Losses, Merchants, Middle East Economy, Millionaires, Mr Zhou, Real Estate, Signs, Small Businesses

They have been attracted to the city-state by reports that property prices there have fallen further since the local debt crisis erupted in November, and signs that Dubai’s economy may have bottomed out and begun to recover.
Wenzhou already has strong links with Dubai. Of about 150,000 Chinese citizens living in Dubai, nearly 20,000 are merchants [...]