There is too much debt throughout the developed economies, and not enough growth to service that debt.
The developed world is de-leveraging and Europe is moving toward deflation and depression.
Greek debt has been rated as junk quality, Spanish and Portuguese debt have undergone downgrades and there are rumors circulating of a possible Italian debt downgrade.
It was widely reported this past weekend; Goldman Sachs, the most profitable investment bank is being sued for fraud by the U.S. Securities and Exchange Commission.
Monty Guild and Tony Danaher are sending a message of optimism about many markets.
The press always carries questions about China’s perceived risk, thus they are on peoples’ minds. Though we have…
U.S. bonds fell last week as the weekly bond offerings to finance the deficit met with weak demand.
India raised interest rates in a surprise move on Friday, March 19, 2010.
Taken together, the Icelandic and Greek financial crises can be seen as the second stage of the larger global banking crisis.
World markets are frightened that the fastest growing economy in the world will slow too rapidly.
