2011

Recession Officially Over, U.S. Incomes Kept Falling - NYTimes.com In a grim sign of the enduring nature of the economic slump, household income declined more in the two years after the recession ended…

As we reported on Friday, Dexia, the troubled Franco-Belgian bank, has been nationalised over the weekend. At the time, I indicated this would be a negative for the sovereign’s creditworthiness. Moody’s, the ratings agency, agrees and has…

US dollar broadly weaker as risk appetite returns; correction across asset classes. Merkel and Sarkozy promise comprehensive plan to shore up banks and give closure on Greece in early. US fixed income markets closed today. Canadian markets…

Another Frightening Look At The Real Mega Bears tags: bear market history…

I don't see stimulus though, neither fiscal or significant monetary stimulus either. So that leaves me predicting slowing without policy stimulus until recession hits, at which point the loss of demand will blow the deficit out even more.…

George Soros likens troubles in U.S., Europe to Soviet collapse - The Globe and Mail tags: Soros capitalism crisis…

This is an interesting way of looking at it. I have been under the same impression a lot of people are, that the system is teetering on the edge and policy makers are being pushed by markets to save/reform it. But what if what Soros here…

Moody's Investors Service has today placed Belgium's Aa1 local and foreign currency government bond ratings on review for possible downgrade, while affirming its short-term ratings at Prime-1.

A chart which breaks down the job losses and gains by industry

Franco-Belgian bank Dexia is being officially nationalised according to two Belgian newspapers.