Connect to share and comment

The biggest downside risks to a global economy

There are always many downside risks (meteor strikes, major terrorist attack, war somewhere — possibly with Iran), but I think these are the most probable downside risks.

Dow closes above 13,000 for first time in four years

“Thirteen thousand is not so very important technically as it is emotionally,” Dan McMahon, the head of equity trading at Raymond James & Associates, told the New York Times.

Stockton, Calif.: bankruptcy filing imminent?

"The city is in an immediate and severe fiscal crisis and it is or likely will become unable to meet its financial obligations," City Manager Bob Deis wrote in a memo to council members, the Wall Street Journal reported.

Greek minimum wage will be cut by 22 percent

EU-IMF debt inspectors demanded the wage cuts as yet another austirity measure. 
Syndicate content