Economic Implosion: Can America Recover from Its Economic and Spiritual Challenges in Time?
Monday, 6 December 2010
Marc Faber : US and European interest rates are negative in real terms
Marc Faber : “US and European interest rates are negative in real terms, the rate of inflation is significantly higher than what governments are saying,” “You can see it when you pay for your insurance premiums, your groceries, your child’s pre-kindergarten schooling in New York there has been a loss of pricing power for most people.”
Niall Ferguson : China Bail Out the EU
CNN's Fareed Zakaria and Niall Ferguson and the FT's Gillian Tett on the EU crisis and possible help from China.
Friday, 3 December 2010
Goldman Sachs Shares Stumble as Firm Considers Selling Mortgage Servicing Division
"Shares of Goldman Sachs (GS) are down following a report that the firm is considering selling its mortgage-servicing division.
The move would come less than three years after moving into the business of collecting on home loans and foreclosing on delinquent borrowers, according to the Financial Times.
Goldman shares are down 0.35%, or $0.57, to $161.93."
The move would come less than three years after moving into the business of collecting on home loans and foreclosing on delinquent borrowers, according to the Financial Times.
Goldman shares are down 0.35%, or $0.57, to $161.93."
Unemployment Rate Pops Up to 9.8 Percent.
The job market continues to falter. The AP's Mark Hamrick reports that's despite some recent signs of recovery.
Thursday, 2 December 2010
Another Bank Bailout on the Way?
FBN's Gerri Willis argues that, despite new regulations, banks are bigger than ever and pose a big threat to our economy.
WikiLeaks Targets Bank of America
Nov. 30 2010 | Discussing the next target of the document dump, with John Carney, CNBC.com senior editor and Dick Bove, Rochdale Securities financial strategist.
Wednesday, 1 December 2010
Bernanke Addresses Business Leaders in Ohio
Nov. 30 2010 | Federal Reserve Chairman Ben Bernanke holds a "Conversation on the Economy" with business leaders in Columbus, Ohio.
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