It’s no surprise that headlines in world news have been all about the European sovereign debt crisis—a downgraded credit rating here, a country’s austerity measures there. But wouldn’t it be nice if the eurozone’s leaders followed the advice of Richard Portes, economics professor of the London Business School and founder and president of the Centre for Economic Policy Research.
Italy's Senate has approved economic reforms demanded by the European Union, paving the way for Premier Silvio Berlusconi to resign as early as this weekend and a new government to be formed.
The eurozone's days are numbered and it's a matter of time before the common currency falls apart. The latest escalation in the eurozone debt crisis is seen by industry experts as the beginning of the end.
Sometimes I think I’ve seen everything when it comes to the markets, but Greece has proven otherwise. We always knew that the debt deal reached in Europe last weekend was fragile since any of the 17 countries in the monetary union could easily scuttle it.
If there is one upside to the European sovereign debt crisis, it may be that it allows the U.S. to look quite good in comparison. A "there but by the Grace of God" sense was in full display among the speakers at the recent CFA Institute Conference in Boston, Mass.
The debt crisis in the Eurozone periphery and the political debate over the debt ceiling in the U.S. are a “hangover from a rip-roaring, pre-crisis party” in much of the developed world. In a reversal of fortunes, many troubles of the developing economies are now the plights of the developed world, according to Philip Poole, […]
Debt Crisis Update Obama signs debt deal, default averted Washington may have reached a deal on its debt ceiling, but it still can’t catch a break from ratings agencies. Moody’s Investor Services has re-affirmed the U.S. government’s Aaa rating, but has changed its outlook on the world’s biggest economy to “negative”. Moody’s had placed the […]
While there’s always a chance of catastrophe, the odds of an all-out financial Apocalypse are pretty long, according to Jurrien Timmer, director of global macro research and portfolio co-manager of the Fidelity Tactical Strategies Fund. In a recent webcast, he explained why he’s overweight equities and precious metals at the expense of investment grade bonds. […]
Unprecedented geopolitical and economic changes have left a trail of destruction, but they’re also breeding new investment opportunities around the world. A panel of investment pundits discussed where those opportunities lie and how to capitalize on them at Franklin Templeton’s 2011 Investment Forum, in Toronto. Discussion rarely strayed far from the usual suspects: the debt […]
The risk of America technically defaulting on its debt is increasing rapidly, with the odds of such an event rising to 1 in 5 as a result of political bickering south of the border. That’s the view of Jack Ablin, chief investment officer of BMO Harris Bank in the U.S., who said the risk was […]