THE Sovereign debt crisis engulfing Europe has now spread like cancer to the US.
Fitch, a leading Credit Agency, last Wednesday warned that the US was not immune to the crisis in Europe.
The Dow Jones index on Wall Street plunged 190 points in 10 minutes after the announcement.
If the Sovereign debt issue...
EUROZONE leaders reached a “three-pronged” agreement recently which they say is vital to resolving the region’s debt crisis.
After marathon talks in Brussels, a few false starts and some abrupt finishes, the leaders said banks had agreed to take a 50% ´haircut´on their Greek debt.
Banks...
WRITING this on the back of one of the busiest and chaotic trading days seen – almost a complete financial meltdown in equities and my favourite safe haven investments such as Gold suffering enormous losses.
Europe’s banks face a capital hole of at least €200 billion if Greece forces them to...
GOLD continued to make headlines last week, breaking $1,900 an ounce on Friday before settling around the $1,800 level.
Gold’s 15 percent rise to new nominal highs over the past month has rekindled “gold bubble” talk from many pundits. Long-term gold bulls have been forced to listen to these naysayers...
THE Federal Reserve has just ended its $600-billion Treasury bond-buying program, known as QE-2, and already traders are trying to figure what new tricks the Fed might have up its sleeve, in order counter a significant correction in the US-stock market in the second half of 2011.
Including QE-1 and QE-2, the...
A FEW weeks ago I warned about the dangers of holding stocks, and the recent performance of the FTSE and other European bourses on the back of the Greek debacle bears this out. I now call into question the solvency of the European Central Bank (ECB).
A recent press release by the brilliant independent think...
THERE is a reason export surpluses have been so vigorously sought after by nations for centuries. Exports cause a temporary boom.
As exports increase, money comes into a nation and into the coffers of the businesses and industries that do the exporting. This leads to increased profits in all businesses...
THE general public had stocks foisted on them in the 80s with the introduction of stock-based pension plans.
They became further enamoured by this asset class with the creation of online discount brokerages, which seduced the DIY spirit.
Stocks have become so popular that there are entire peripheral...
British pound fell 3.0% against the US dollar last month. Some say it was because of UK bank exposure to Spain, which Moody’s warned could be downgraded. Others blamed the UK’s close economic link and heavy debt exposure to Ireland, which Moody’s did actually downgrade last week by 5-levels to...
AS a writer and published author, one of the things that irritates me continuously is the sort of editorial comment that pushes a particular line as indisputable fact and makes no attempt at balanced debate.
In the financial world one of the first things I learnt was that there must always be balance to any...
Latest UK News from ft.com