Money Morning

The Next Global Credit Crisis: Why U.S. Banks and Greek Debt Will be the Toxic Trigger

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Will a hidden link between the Greek debt situation and the U.S. banking system ignite the next global credit crisis? The odds of the “next” global credit crisis are increasing with each new day, and with each new revelation. And escalating fears are hitting worldwide stock markets hard. Just yesterday (Thursday), Greece’s leaders revealed that … Continue reading “The Next Global Credit Crisis: Why U.S. Banks and Greek Debt Will be the Toxic Trigger”

Moodys Warns U.S. May Get Credit Downgrade in “Coming Two Years”

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By Don Miller, Associate Editor, Money Morning The United States’ AAA credit rating may be at risk sooner than previously thought as the nation fails to deal with its growing debt, Moody’s Investors Service warned last week. Moody’s said December’s extension of the Bush-era tax cuts, combined with results from the November elections, may lead … Continue reading “Moodys Warns U.S. May Get Credit Downgrade in “Coming Two Years””

The Shift Toward De-globalization is Bullish for Gold

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You can see signs of de-globalization everywhere. Just look at the intense shareholder opposition to Prudential PLC’s proposed takeover of the Asian operations of American International Group Inc. (NYSE: AIG).

And that’s just one example….

Despite Spiraling Contagion Fears, Spain Debt Worries Are Overblown

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By Martin Hutchinson, Contributing Editor, Money Morning It had a huge housing boom, and is now dealing with the fallout. It has a left-of-center government and a big budget deficit, but relatively low debt in relation to its gross domestic product (GDP). And it has a worrisome current account deficit. I’m talking, of course, about … Continue reading “Despite Spiraling Contagion Fears, Spain Debt Worries Are Overblown”

Soros Questions the Euro’s Future

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In an editorial penned for the Financial Times, billionaire investing icon George Soros said that while Greece could be salvaged by a makeshift financial-rescue package, bigger problems lie ahead for the euro.

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