NEW YORK (PNN) - July 7, 2015 - Financial markets barely shuddered after Greek voters rejected austerity demands, with the euro slipping less than 0.4%, in a sign investors see the crisis there contained for now. Brent crude sank below $60 a barrel.
Road to Depression
WASHINGTON (PNN) - June 30, 2015 - Fascist Police States of Amerika projected debt over the next 25 years looks a lot like Greece's over the past 25.
With all the chaos unraveling in Greece, Congress would be wise to do what it takes to avoid reaching Greek debt levels. But it's not a matter of sticking to the status quo and avoiding bad decisions that would put the budget on a Greek-like path, because the budget is on that path already.
SAN JUAN, Puerto Rico (PNN) - June 29, 2015 - The governor of Puerto Rico says the island commonwealth cannot repay its public debt, which totals more than $72 billion.
“The debt is not payable,” said Governor Alejandro García Padilla in an interview Sunday night. “There is no other option. I would love to have an easier option. This is not politics; this is math.”
LONDON, England (PNN) - June 22, 2015 - The manager of one of Great Britain’s biggest bond funds, which has £4 billion under management, is now advising investors that the time has come “to hold physical cash,” along with gold and silver. He sees “systemic risk in the system” and is concerned that global debt, particularly mortgage debt, has been inflated to record levels by extraordinarily low interest rates that will soon come to an end. He is especially worried about whether banks will be able to withstand such a financial shock.
NEW YORK (PNN) - June 21, 2015 - More and more insiders are warning of a potential systemic event.
The first sign of real trouble concerned a number of investment legends choosing to close shop and return investors’ capital.
NEW YORK (PNN) - June 20, 2015 - If there’s one thing everyone can agree on in an environment where economic data has been skewed, repeatedly revised and outright manipulated, it’s that we are seeing extreme volatility throughout the global marketplace.
ATHENS, Greece (PNN) - June 13, 2015 - One week ago Greece suffered a massive deposit outflow to the tune of €700 million, culminating a week of €3.4 billion in total outflows following the acrimonious failure by the Greek government to reach a deal with the Troika.
More Articles ...
- Juncker spurns Tsipras request for meeting to stave off default by Greece!
- Goldman Sachs warns too much debt threatens world economy!
- Spain unemployment rate increases to 23.7%!
- McDonald’s closing hundreds of restaurants as sales slide!
- Greek eurozone exit edges closer as markets brace for Athens default!
- Japan bumps China as top holder of FPSA Treasury debt!
- Amerikans not in labor force exceed 93 million for first time!
- More Seattle restaurants close doors as $15 minimum wage approaches!
- Puerto Rico's third largest bank fails!
- Chicago nears fiscal free fall with latest downgrade!
- Russians advise people to pull their money out of banks!
- More homeless camps are appearing around Los Angeles!
- The Swiss are now at a negative interest rate due to the Russian ruble collapse!
- Amerikan citizen employment levels still below 2007!
- Russia defends ruble with biggest rate rise since 1998!
- China’s treasury holdings fall to lowest since February 2013!
- Gold and Swiss franc fall after Swiss referendum!
- Share of first-time home buyers hits 27-year low!
- Moody's downgrades Russia debt!
- One in three jobs will be taken by software or robots by 2025!
- Euro zone manufacturing at 13-month low!
- Petro-dollar era is officially over as Gazprom begins sales in yuan and ruble!
- Spain dips 37% into Social Security!
- Ron Paul says gold could go to infinity!
- Gold hits $1300 and silver surges to 3-month highs!