Over the weekend, the lines in Greece stretched along the street. Around the corner. Down the block.
When Puerto Rico hired former Detroit judge Steven Rhodes it sent a signal to creditors that one possible solution it sees is the one thing it cannot do now: declare bankruptcy.
Ideologies are mind-killers, all of them, because they are all (severely) flawed. The ideological labels which are so frequently parroted in our societies are terminology which has lost all meaning. This begins with the fact that our political/econom
President Barack Obama said the latest jobs report for the U.S. is "good," but there is still more work to do "get folks' wages and incomes to keep going up."
Yesterday over coffee, a friend of mine leaked the news that JP Morgan's private banking division here in Singapore is going to start charging negative interest rates.
Just over two years ago, at the Milken global conference, the head of Apollo Group Leon Black said that "this is an almost biblical opportunity to reap gains and sell" adding that his firm has been a net seller for the last 15 months, ending with the
New orders for U.S. factory goods fell more than expected in May on weak demand for transportation and electrical equipment, a sign that manufacturing remained mired in a soft patch.
U.S. job growth slowed in June and Americans left the labor force in droves, tempering expectations for a September interest rate hike from the Federal Reserve.
Given the way that the Wall Street Journal and its biggest client, the National Association of Realtors keep you in the dark and feed you manure, they must think you are a mushroom.
Financial experts in New York, London, and Brussels have tut-tutted Greece's economic travails as Athens considers its future with the European Union. Why did they borrow so much money? How can they ever pay it back? Do they think that much debt is
This is the question that astute investors are forced to ask themselves these days. No reasonable person believes that a system of ever-expanding debt can resolve painlessly.
United States' projected debt over the next 25 years looks a lot like Greece's over the past 25.
The world's 400 richest people lost a combined $70 billion on Monday as equity markets around the globe were hammered on fears about Greece and declines in China fueled by leveraged investors exiting the market.
In this article, I am going to share with you some statistics that prove that most Americans are completely and totally unprepared for a Greek-style economic crisis.
U.S. stocks plunged nearly 2 percent or more on Monday with the Dow and S&P 500 wiping out gains for the year on escalating tensions between Greece and its creditors.
Puerto Rico's governor, saying he needs to pull the island out of a "death spiral," has concluded that the commonwealth cannot pay its roughly $72 billion in debts, an admission that will probably have wide-reaching financial repercussions.
Puerto Rico on Monday released a report calling for concessions from the island's creditors in order to stave off a looming crash crunch and take steps toward achieving fiscal health.
The governor of Puerto Rico says the island commonwealth cannot pay its public debt, which totals more than $72 billion.