The debt levels around the globe are unprecedented in peacetime. The odds of restructurings and/or defaults are higher than most believe. The video shows the debt levels of numerous countries have reached “problem” levels. Since the bill coming due in the form of maturing bonds is so large, policymakers in Europe have no easy way out. “Solutions” may include
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After Facebook’s initial public offering last Friday the finger pointing has been rampid with a disproportionate level of attention focused on the social media giant’s Chief Financial Officer David Ebersman. The CFO was responsible for the decision to
DetailsMatthew Bishop and Michael Green discuss topics from their book ‘In Gold We Trust?’ with the GoldMoney Foundation’s Dominic Frisby. The three discuss what factors are driving the bull market in gold, and whether or not a return to some form of gold standard is desirable. Matthew Bishop is New York bureau chief at The…
DetailsGold should hit “$1,800 probably by the late summer and easily $2,000 by the end of the year,” Michael Purves of Weeden & Co. tells CNBC on May 11. “The long-term fundamentals are just as intact today as they were a
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Former President Bill Clinton says Gov. Mitt Romney’s business experience would not help him create jobs if he’s elected President. Clinton shed light on the subject on Obama and the creation of jobs. He’s not yet sold on the
DetailsBloomberg’s Emily Chang reports that Mark Zuckerberg’s shares of Facebook Inc. may be worth less than $21 billion when the company completes its initial public offering in the months ahead
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WARNING: Do not attempt this on your computer.
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In May, 2012 the euro fluctuated against the dollar after touching the weakest level since July 2010 on speculation European leaders may seek measures to
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On Tuesday May 15th, stocks posted a major loss following news that Greek depositors withdrew 700 million euros from the nation’s banking system and after Greece’s leaders failed to agree on a coalition government.The S&P 500 closed at 3-month lows, while the Dow
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Here are some predictions on where the price of gold is going:
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World leaders sit together at the first working session of the G8 Summit in Camp David. Photograph: Michael Gotthsalk/Pool/EPA
At the G8 Summit, President Barack Obama urged the European leaders to call for concerted action on the euro crisis in the form of easing up on fiscal austerity and to focus on economic growth. This effort by the US President is done in a bid to step the current turmoil in the eurozone and hedge the risk of global contagion.
At the wooded Camp David presidential retreat in Maryland’s Catoctin Mountains, Obama and leaders from other major economic powers are seeking ways to soothe financial markets after worries about Spain’s banking problems and the risk of a Greek exit from the euro zone sent world stocks to their lowest levels this year.
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