New fears about the economy have trumped the debt resolution and the selloff is now on.
Thin-lipped Tarrin is the very model of decorum, not a crease out of place and game for verbal jousting about corporate sector debt resolution and similar scintillating topics.
If their own heartfelt financial literacy education outreach has done little to restore their battered brands, their partnership with outside professionals wholly dedicated to debt resolution sends a stronger message.
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For insights into the Euro debt crisis, the U.S. road to debt resolution, how the Asia growth story plays out from here, energy markets, and some specific ideas on asset allocation, by all means read the entire report here at Scribd.
Smart money seemed to believe Europe had come to an understanding regarding a debt-resolution deal, and within 9 days the market was 12% higher.
FORBES: Market Gives Back Overnight Gains As Euro Skepticism Grows
There was general market optimism on the debt front late Thursday after the European news and also hopes for a settlement in politically charged debt-ceiling talks in the U.S. However, any expectations for an quick resolution to the debt-ceiling issue have dissipated, while concerns about Europe persist, with the euro back on the defensive.
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Furthermore, although there has been some form of a conclusion to the Greek debt crisis, there hasn't been a resolution to the sovereign-debt crisis in Europe and the inability of banks to warehouse risk due to risk and regulatory considerations, said analysts at Nomura.
However, a weak rally, especially on a resolution of the debt-ceiling debate, is likely to set the stage for a further decline.
He does not envision any quick resolution of the debt crisis surrounding Greece and other peripheral European nations, which is pressuring the euro.
He said there has been some put buying by traders who are looking for a very short-term trade on the ultimate resolution of the debt talks.
This is a sign that individual investors remain cautious, which is not surprising given the ongoing lack of resolution to the debt ceiling unresolved and the slower pace of economic growth.
FORBES: AAII Survey: Bullish Sentiment At Highest Level Since April
Against the backdrop of improving employment, accelerating U.S. economic growth and the resolution of the European debt crisis, we are witnessing massive injections of central bank liquidity into the global financial system.
Democrats today presumably view the current two-week agreement as a similar opportunity to make a short-term tactical retreat in hopes of winning bigger battles in the future (not just the fight over FY2011 spending levels, but also the upcoming FY2012 budget resolution debate and the debt limit conflict in June or July).
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The only resolution to such a sovereign debt crisis is default or inflation.
And if they prevail, that will have a very positive carryover effect on the looming fights on the FY2012 budget resolution as well as the debt limit.
FORBES: GOP Wins First Skirmish in Budget Fight, But Shutdown Battle Still Looms
When the CFPB gets into the practice of reporting complaints to debt collection companies for the purpose of resolution, we believe they will find an industry eager to respond.
Given that Washington has yet to agree on a resolution for dealing with the debt ceiling and the uneven pace of economic growth, it would not surprise me to see more choppiness in the market, especially as we approach the August deadline for raising the federal debt ceiling.
Regarding the debt ceiling issue, odds for a successful resolution are even higher, probably close to 100%.
During the last two months as some slightly improving unemployment numbers appeared and the Greek debt crisis appears to have some sort of resolution, the stock price has begun to inch higher.
On the one hand, the OBR admits that its gloomy prognosis of low economic growth and falling living standards in Britain may not be gloomy enough - because that forecast is predicated on an orderly resolution of the eurozone's debt crisis.
Optimism about better-than-expected second-quarter earnings is tempered by concerns about the slow pace of economic growth, the lack of a resolution to the U.S. debt ceiling debate and European sovereign debt.
FORBES: AAII Sentiment Survey: Five-Week High For Bearish Sentiment
Given the groundhog day aspect to how the sovereign debt crisis has played out, there is of course no guarantee resolution will happen, or happen soon.
European policy makers are considering a host of proposals to eliminate implicit government guarantees, including a new resolution regime, turning some liabilities into bail-in debt that will automatically take losses, depositor-preference regimes that would subordinate unsecured bondholders, and U.K.-style plans to ring-fence certain activities.
The most important news of the day is gold hitting successive new highs, while the western world struggles with resolving their debt loads and the East entrenches for the inevitable negative impact of a resolution.
Reports said Greece private sector and government talks on debt restructuring have made some progress but still have not come to a complete resolution.
FORBES: Comex Gold Ends Firmer, At Bullish Monthly High Close
Reports said Greece private sector and government talks on debt restructuring have made some progress but still have not come to a complete resolution, with patience growing thin among the participants.
FORBES: Comex Gold Weaker On Corrective Pullback; Firmer U.S. Dollar Index
Several analysts said gold fell on dollar strength as the European debt saga continued, particularly after a German government spokesman suggested Monday that a resolution might not come as quickly as markets had hoped.
FORBES: Gold On Defensive While Tracking Euro; Technical Weakness Also Cited
However, until they admit this reality, write off much of their debt to Greece, and allow that country to recover, there will be no resolution to the situation.
More optimistic news in Europe included a meeting in Brussels this week in which EU leaders agreed to a crisis resolution mechanism that would give the EU an exit plan in situations of heavy debt and default.
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