The Year Of The Dragon Could Provide Solace To Chinese Real Estate Developers
Something is finally going right for Chinese real estate developers, which last year were crushed in the market due to government measures to cool the housing market. The Year of the Dragon is coming....
View ArticleSorry, Here's Why Raising The Retirement Age Won't Save Social Security
At one point or another, all the big name politicians have indicated they would support changing the minimum Early Eligibility Age (EEA) rules for Social Security. Obama has said it, so has Boehner....
View ArticleIran Warns OPEC Not To Increase Production In The Event Of An Embargo
CAIRO (AP) — Iran warned Gulf Arab oil producers against boosting production to offset any potential drop in Tehran's crude exports in the event of an embargo affecting its oil sales, the latest salvo...
View ArticleMERKEL TO GREECE: Painful Austerity First, Economic Growth Second
BERLIN (AP) — German Chancellor Angela Merkel is insisting that structural reforms can help Greece return to economic growth following a painful austerity drive. Merkel acknowledged in an interview...
View ArticleGoldman's Jim O'Neill: Europe Needs Growth, Not Austerity, And The ECB Needs...
By now, everyone knows that S&P downgraded 9 eurozone countries on Friday, including France and Austria who were stripped of their coveted AAA ratings. But many, like Goldman Sachs Asset...
View ArticleThe Staggering Cost Of Youth Unemployment Across Europe
As countries across Europe race to take on austerity measures and cut their debt burden, its getting harder and harder for people to find jobs. And the under-25 age group is being hit the hardest. The...
View ArticleThe Weekend Is Over, And Markets Are Heading Lower
The market is getting its first chance to react to the big Eurozone downgrades from Friday afternoon, and the general trend is modestly lower. US futures are down a touch, the Euro fell, but has...
View ArticleThis Key Technical Measure Says The Bull Market Isn't Over
The Ratio Adjusted Summation Index (RASI) is back up above +500, and that is a bullish piece of news. It takes a sustained period of positive breadth numbers to achieve this, and I like to say that...
View ArticleMarkets Fall In Europe After Mass Downgrade
It's nothing too dramatic, but markets are generally lower in Europe following Friday's mass downgrade by S&P. France's CAC-40, for example, is off by 0.66%. Italy's FTSE MIB is off by about the...
View ArticleIran Clamps Down On Black Market Currency Trading
TEHRAN, Iran (AP) — The deputy governor of Iran's central bank says trading in foreign currency outside of banks or licensed money changing operations is forbidden. The announcement by Ehrahim Darvish...
View ArticleHow China Could Easily Have A Hard Landing With Any Slowdown In Construction...
As China enters 2012, concerns that its economy may face a “hard landing” have entered the mainstream. In recent weeks, Paul Krugman (“Will China Break?” in the New York Times) and Robert Samuelson...
View ArticleRemember When France Lost Its AAA Rating?
Of course you remember when France lost its AAA rating by S&P, it was only last Friday. Except it seems the market has already forgotten. Or doesn't care. Interest rates are actually lower again,...
View ArticleS&P TO ASIA: You're Next
Days after unleashing a wave of downgrades across Europe, S&P is now warning that the ratings of Asia-Pacific sovereigns are increasingly at risk. This is according to a Dow Jones interview of...
View ArticleMOODY'S: France Is Still AAA With A Stable Outlook
PARIS (AP) — French President Nicolas Sarkozy secured a small boost from Moody's rating agency Monday following a bruising downgrade last week of the way the country had been handling its economy....
View ArticleWall Street Strategists Are Freaking Out About Low Volatility
NEW YORK (AP) — After wild price swings that left investors bewildered and not a cent richer last year, stocks are rising again, and calm has settled over the market like blue skies after a storm. Or...
View ArticleThe Global Risks You Need To Freak Out About In 2012
It's time to freak out about a whole new batch of crises in 2012, now that we've made it through the worst of the Great Recession. The World Economic Forum names a new financial crisis among the...
View ArticleHow Long Until People Raise The Alarm About Britain?
There is a relative silence in the international financial press when it comes to Britain. The economic situation of continental Europe gets almost all the attention. Every now and then someone in...
View ArticleThe Market Is Delivering A Stinging Rebuke To S&P Right Now
The market is delivering a stinging rebuke to S&P today. Earlier on, European markets were drifting lower following the mass downgrades on Friday. But now, the losses have given way, and yields...
View ArticleVAN HOISINGTON: Expect Recession In 2012 Here And In Most Of The World
The "Quarterly Review and Outlook" from Hoisington Investment Management is one of the most significant pieces that crosses my desk – I try and drop everything else as soon as possible. This quarter's...
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