Debt crisis Archive

ECB’s Stark: US Has an ‘Enormous’ Debt Problem

So much for Jeurgen’s legacy: US Has an ‘Enormous’ Debt Problem: ECB Official September 1 (CNBC) — A debt crisis is still gripping the developed world, European Central Bank policymaker Juergen Stark said, adding there was no alternative but for countries to take painful steps to consolidate their public finances. “The crisis ...Read More

CBO Congressional Report- U.S. Could Face European-Style Debt Crisis

How about the accounts sticking to accounting. Just in case you thought there was any hope: But most ominously, the CBO report warns of a “sudden fiscal crisis” in which investors would lose faith in the U.S. government’s ability to manage its fiscal affairs. In such a fiscal panic, investors might abandon ...Read More

Greece update (Erik Nielsen)

[Skip to the end] Seems to me they need Eurozone approval of any plan, along with a ‘check.’ Without the check there’s a good chance the curve continues to go vertical. Good time to be way on the sidelines (US govt secs, USD, etc.) From: Nielsen, Erik Sent: Wednesday, February 03, 2010 ...Read More