Support & Resistance
Support and Resistance are two of the most closely watched and utilized technical indicators. Although difficult at times, identification of these key indicators is an essential ingredient to…
Poll: 65% of Americans Support Balanced Budget Amendment - Hit & Run : Reason Magazine
A Sachs/Mason Dixon poll released today [PDF] has found that "65 percent of the public supports" a balanced budget amendment, "with 27 percent opposed, [and] 8 percent undecided." By party…
Banks Finding Few Signs of Distress in Repo, Credit Markets
July 28 (Bloomberg) -- U.S. banks searching for hints of credit-market distress ahead of next week’s deadline to raise the debt ceiling are finding few signs of panic so far. Commercial banks and…
A strangle…
S&P Sees Greek Default on Debt After EU Plan Takes Effect
July 27 (Bloomberg) -- Greece will partially default on its debt once European officials push through a plan that will see bondholders foot part of the bill of a second bailout agreed to last week in…
Debt fears lead to US downgrade - BUT DOES IT MATTER?
Debt fears lead to US downgrade By Michael Mackenzie in New York Egan-Jones has become the first US rating agency to downgrade the country’s sovereign credit rating from triple A to double A plus as…