Why Government Bailouts Actually Lower GDP Growth Potential
Where Next Now That Mondays Precious Metals and Equity Prices are Marked UP?
In the United States the media will be following retail sales very closely today. This is black Friday which is the busiest shopping day of the entire year. The term black Friday comes as many retailers will finally turn a profit for the year during this time. Many companies which have been in the red all year will fin
The financial stocks are soaring today on yet another bailout. Europe just bailed out Greece and by doing so, saved the world from yet another global financial crisis. Many will not understand how this was a bank bailout, yet again. Let me explain. If Greece did not get their bailout, they would default.
Portugal’s Bond Yields Making Bailout “Unavoidable”
The U.S. government is about to reach it's $14.3 trillion debt ceiling by the early spring of 2011. Yesterday, the White House Council of Economic Advisers Chairman Austan Goolsbee made a strong case that the debt ceiling would have to be raised or the economy in the United States would be catastrophic and worse than anything we seen in 2008.
MrTopStep 11.29.10: Rangebound Trading Weighed Down by Europe
Treasury's TARP, AIG bailout Costs Fall to $30 Billion
The government said Wednesday it is starting to sell $2.2 billion in trust preferred shares that it holds in Citigroup, another move to recoup the costs incurred in the $700 billion financial bailout.
The Treasury Department said the pace of the sales would be determined by market conditions.