February 10, 2017 @ 7:09 pm | Breaking News, Volatility |
Remember May 2010? That was month of the first Greek debt bailout by the European Union, the International Monetary Fund, and the European Central Bank. $145 billion over three years. July 2011 saw another bailout. Then there was the October 2011 50% write down of...
June 25, 2016 @ 5:12 pm | Breaking News |
Pity the poor Federal Reserve. In making decisions about interest rates–in this case about whether or not to raise interest rates at its June, July or September meetings–it has to consider the condition of both the real economy and the financial markets. And right now...
June 25, 2016 @ 4:44 pm | Breaking News |
By a surprisingly large margin of 52% to 48% the United Kingdom voted to leave the European Union in Thursday’s Brexit referendum. Global financial markets plunged in a decline all the more dramatic because traders and investors had decided on Wednesday that the...
November 15, 2010 @ 2:30 pm | Leading Indicators |
Take this bailout money, please. The European Union is so anxious for Ireland to take a bailout package that it’s offered to sweeten the deal. The Irish government so far has said it doesn’t need a bailout yet since the government debt is funded through mid 2011. And...