More diversification for people who do not know where to tuck their money away.Comments »
Monthly Archives: July 2011
“A default because of a failure to raise the Federal debt ceiling would be an act of collective insanity,” Buiter, London-based chief economist for Citigroup, wrote in a note dated July 28. “The implications of even a technical U.S. default are likely to be severe both for the U.S. and the world economy, involving a widespread rise in public and private funding costs, a generalized fall in asset prices, and a large hit to economic growth.”Comments »
Aa2 may get chopped.
European markets are indicating a 1.5% drop at the open.Comments »
Off by 84 now and getting grim.Comments »
[youtube:http://www.youtube.com/watch?v=YIMigVo1pyA 450 300] Comments »