Art Cashin: Director of Floor Operations for UBS Financial Services. Art has over 50 years of Wall Street experience, which gives him the ability to offer valuable insights to investors and traders. (Understanding the EU and the Future of USA)
Just as it was easy for me, back in 2007, to say GM, Fannie Mae, Freddie Mac, Citigroup are broke, you just take a look at the balance sheet. You’re beyond a Minsky moment, and most countries are in that situation today.
"The world´s financial markets seem obsessed with daily monetary and fiscal policy evolutions in euroland which form the basis for risk on/risk off days in the marketplace and the overall successful deployment of carry strategies so important to asse
The Golden Revolution looks at how the world is rapidly moving toward some form of global metallic standard, in which money, at least in official, international transactions, is linked directly to gold, silver, or both.
If a referendum were to be held in Germany tomorrow on membership of the euro, those in favour of retaining the common currency would have a very narrow majority over those wanting to bring back the Deutschmark, according to a new opinion poll.
The election results from Greece are in and the pro-bailout forces have won, but just barely. It is being projected that the pro-bailout New Democracy party will have about 130 seats in the 300 seat parliament, and Pasok (another pro-bailout party)
A powerful European supervisor should be charged with overseeing the region's banks, and national budgets should be pre-approved by the rest of the bloc before euro-zone states take on responsibility for each others' finances....
Moody's Investors Service on Monday downgraded the long-term debt and deposit ratings for 28 Spanish banks and two issuer ratings, following on the heels of a cut to Spain's sovereign rating to just above junk status earlier this month.
Strapped with spiraling debt, the Greek healthcare, which is government-run, has had to receive gobs of international financial aid just to keep operating with some semblance of normalcy. There has also been plenty of IOUs issued, and desperate patie
The world’s tallest building took five years to reach its 828-meter height, but a Chinese company wants to leave it in the dust. Broad Sustainable Building, which already built a hotel in two weeks, aims to erect the Sky City within three months
Greek voters gave a narrow victory in parliamentary elections to a party that had supported a bailout for the country’s failed economy. The vote was widely seen as a last chance for Greece to remain in the euro zone,
Angela Merkel will have to “invent a way” to kick Greece out of the eurozone, a leading Greek politician has claimed, as all political parties promise to renegotiate the country’s €130bn (£105bn) bail-out agreement after tomorrow’s pivotal elections.
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