After nearly going bankrupt and almost crashing out of the euro zone last year, Greece expects growth of 0.6 percent in 2014 and hopes to secure more leeway on its debts to the European Union and the International Monetary Fund.» Read More
Bernanke’s testimony before the Joint Economic Committee is littered more with optimism than headlines regarding his speech suggest, and there was no use in the text of the “extended period” language until it was uttered during the question and answer session, when it helped the bond market to rebound, says bond expert Tony Crescenzi.
Greece easily sold a bunch of short term bills Tuesday morning with demand far exceeding the supply. An originally planned sale of 1.2 billion Euros in 6 and 12 month bills was expanded to 1.56 billion Euros. The yields were so high, however, as to be painful.
"There are so many taxes, I have three different tax attorneys that have to advise me on them." Good for tax attorneys. But not good for so many others.
Nick Clegg promised to “hardwire fairness” into society while taking power from “those who hoard it” as he launched the Liberal Democrat manifesto on Wednesday morning, the FT reports.
The legendary investor who forced the pound out of the Exchange Rate Mechanism in 1992 believes that the rescue package is only "a little step" that may not stop Athens falling into a "debt spiral".
Since the first widely accepted plastic charge card was issued in 1958 by American Express, the use of credit cards has skyrocketed. Check out the world's top 10 credit card issuers.
A record high in junk bond sales mitigate $1.2 trillion wall of maturing debt.
With bank earnings about to released next week, we have another clear indication of whether or not this economic recovery is a mirage or real.
I think it’s increasingly evident that the Fed’s exit strategy — the unwinding of fiscal stimulus policies that have been in place for some time now — is under way.
The government’s surging deficit can be cut, easy. Getting it done? Almost impossible. Economic recovery and the end to stimulus spending will do the heavy lifting in Treasury's plan to slash the deficit.
Big brother and big sister came to the rescue—sort of—and said they would throw in 60 billion of Euros—maybe—if Greece needed it. If they need it?
The U.S. dollar's strength appears to be waning as the focus turns from Europe's debt worries to China's possible appreciation of its currency, Chris Zwermann, global strategist and technical analyst at Zwermann Financial said Tuesday.
In the years before its collapse, Lehman Brothers shifted investments off its books by using a small company that appeared to be independent but whose board it controlled, the New York Times reported.
I want a different regime. I’m calling it cowboy monetarism. What do I mean by that? I want Wall Street to be scared to death of the Federal Reserve. I don’t want them lying around in bed with the Fed — I want them running scared.
Over the weekend, the EU and IMF announced a support package for Greece that appeared initially to mollify German constitutional concerns.
The next 24 hours will be critical for Greece and its economy. After news over the weekend that the euro zone put together a rescue package, Athens will now test the markets reaction.
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He may very well be the greatest central banker of all time. But with all due respect, Volcker’s call this week for a European-style VAT (as well as a carbon tax) is itself a historic mistake.
In an exclusive to CNBC.com, Fast Money Trader Brian Kelly says "China's lending practices have been compared to the US during the 2000's and without the automatic stabilizers of the free market it is likely that tremendous imbalances exist. In the word's of Warren Buffet...when the tide goes out we see who has been swimming naked."