The President Surrenders on Debt Ceiling - NYTimes.com
The President Surrenders By PAUL KRUGMAN Published: July 31, 2011 A deal to raise the federal debt ceiling is in the works. If it goes through, many commentators will declare that disaster was…
Fed Readies Guidance for Banks in Event Aug. 2 Deadline Missed
July 29 (Bloomberg) -- The Federal Reserve is preparing guidance for banks in the event the U.S. debt limit isn’t raised and the Treasury Department runs out of money to pay all of its bills, a…
While the…
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…