The market begins the month of August trying to prove that the Great Recession is over and the earnings recovery has begun. On Friday, US GDP data came out and seemed to confirm that just maybe the worst is behind us. According to the cryptic figures, US GDP is shrinking at annualised pace of just 1% – considerably less than the 6.4% from late last year.
August 3rd, 2009 | Dan Denning | 0 comments | ContinuedAll Posts Tagged With: "asset prices"
Corporate Debt is Just One Aspect of the National Debt Problem
The wheels are in motion for Friday’s Debt Summit at the State Library of Victoria. Today’s Australian reports that corporate Australia, “is sitting on a $200 billion debt bomb that needs to be refinanced over the next three years…
July 27th, 2009 | Dan Denning | 1 comment | Continued
Is There Any Wonder Americans’ Hate Bankers?
“The watchdog overseeing the federal government financial bailout says the government’s maximum exposure to financial institutions since 2007 could total nearly $24 trillion, or about $80,000 for every American.
July 22nd, 2009 | Bill Bonner | 0 comments | Continued