Money Morning

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

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

…a steep federal budget deficit projection yesterday (Wednesday) showed the harsh reality of the U.S. government’s spending spree…

After a year of rocky economic recovery and a mixed bag of U.S. data, market strategists are waxing optimistic about the profit prospects in 2011….

The U.S. government wants to stimulate growth in the moribund economy by stoking the fires of inflation……

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….

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

The odds are good that China won’t dump its holdings of U.S. Treasuries anytime soon. But by substantially reducing its purchases of U.S. debt – or halting them completely in the form of a buyers’ strike – the Red Dragon could absolutely shatter the myth that it is the U.S. Federal Reserve that controls U.S. interest rates….

By William Patalon III, Executive Editor, Money Morning Is America getting in too deep? According to a new estimate by the Congressional Budget Office (CBO), if the United States continues along its current path, U.S. public debt will reach 90% of the nation’s economic output by 2020. Given that federal debt has already zoomed to … Continue reading

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.