Daily Markets - Financial News And Opinions |
- The United States Has Defaulted Before!
- Outlook For Nickel, Aluminum And Copper ETFs
- Video: The Week Ahead
- Trouble Ahead? Fannie Mae Cuts Generous Deals To Sell Repossessed Homes
- How The Greek Debt Crisis Affects You As An American
| The United States Has Defaulted Before! Posted: 06 Mar 2010 03:30 AM PST About this time last month, I warned that the U.S. could be near bankruptcy. Simon, who I don’t always see eye to eye, commented “…US will never default as long as USD is global trading currency.” Friday, Harvard professor and former IMF chief economist Ken Rogoff says the United States has been in “default” before, when it went off the gold standard, and there is no reason why it won’t do so again. Rogoff says we also defaulted in the depression when we raised the price of … [visit site to read more]
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| Outlook For Nickel, Aluminum And Copper ETFs Posted: 06 Mar 2010 02:46 AM PST If you were among those biting their nails about China’s belt-tightening, you may be able to let them grow back. The country said today that they were keeping fiscal policy on the loose side, helping spur demand for metals exchange traded funds (ETFs). China’s Premier Wen Jaibo is keeping the country on an light monetary stance while maintaining an active fiscal policy. The statements turned investors positive on China and reinforced the belief that the juggernaut will continue to be a major … [visit site to read more]
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| Posted: 05 Mar 2010 09:00 PM PST The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]
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| Trouble Ahead? Fannie Mae Cuts Generous Deals To Sell Repossessed Homes Posted: 05 Mar 2010 07:01 PM PST “Let’s see, do you want to go for the prize behind Door #1 or take a chance on what’s in the big box?” “Well Monty, I’m playing with your money so it doesn’t really matter now, does it?” 1970’s vintage TV may have been entertaining, but is the current deal-making used by Fannie Mae (NYSE:FNM) to liquidate housing inventory truly the way to develop a healthy and robust housing market? Just what is Fannie Mae doing? Let’s go behind the curtain to see how they are trying to work their … [visit site to read more]
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| How The Greek Debt Crisis Affects You As An American Posted: 05 Mar 2010 03:25 PM PST As the Greek debt saga unfolds, you're likely questioning how it affects you… as an American. The connections are not always obvious, but today an article helps explain how the consequences could ultimately hit US shores.
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