The world's sovereign debt crisis should be tackled in the same way one tackles fictitious zombies – “save those you can, but leave many to die,” Nicoholas Colas, ConvergEx chief market strategist, wrote in a research note.
Jerome Kerviel goes to trial Tuesday over unauthorized trades that cost French bank Societe Generale 4.9 billion euros ($6 billion) in 2008.
The European Central Bank may have shocked the markets with its prediction that bank losses are likely to increase in the near-term, but other economists believe the worst is behind us, and that governments have the power to force banks to lend.
BP’s stock price has plummeted over the past month, sparking talk on whether it is vulnerable to a takeover. But given the massive uncertainty surrounding the costs of the oil spill, BP may prove to be a cheap, but messy target, analysts told CNBC.com.
The pressure on governments to fund bailouts and spend to reinvigorate their economies has led to a sharp increase in the issuance of sovereign debt.
Germany's ban on certain types short sellling should be adopted in the United States to prevent the type of volatility that hurts investor confidence, Bill Spiropoulos, CEO of Corestates Capital Advisors, told CNBC Thursday.