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…
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With the economy still weak and…US Property Prices Fall
Real Estate prices in major US cities rose for the second straight month in May, propped up by a flurry of spring buyers. But after adjusting for such seasonal factors, prices fell in a majority of…
The Joy of Cash
By Chris Farrell You’ve probably heard of a "black swan," the catchphrase coined from the 2007 book by author and investor Nassim Nicholas Taleb. A black swan for investors is essentially an outlier…
Obama crashed the Senate and House Web Servers
You have to assume that the markets expect some kind of debt deal to happen. The mild reaction to the dysfunctional government can only be interpreted as frustration about the timing and method of a…
