Financial Investment Risk Consultant | Lawrence McDonald
Financial & Economic Consultant | New York Times Bestselling Author
Article by Lucia Mutikani, Reuters The number of Americans filing for new jobless benefits dropped to an almost four-year low last week, and factory activity in the mid-Atlantic expanded moderately, suggesting the economy carried some momentum into the new year. But the pace of growth probably will slow. Analysts cautioned the drop in jobless claims [...]
Article by Simon Kennedy, Bloomberg The International Monetary Fund is proposing to raise its lending capacity by $500 billion to insulate the global economy against any worsening of Europe’s debt crisis, according to a person familiar with the talks. The Washington-based lender currently has about $385 billion available to lend and wants to lift that to $885 [...]
Article By Edward Krudy, Reuters Familiar themes for those who lived through 2011, and investors should be ready to revisit them next year. With a spiraling debt crisis in Europe, political upheaval around the world, and crumbling creditworthiness in major industrial nations, 2011 was a tough year to know where to invest. 2012 is unlikely [...]
Discussing Europe’s debt crisis and whether the EFSF will fund the bailout to the tune of 2 trillion euros; and Moody’s downgrades Spain, with Larry McDonald, Newedge. Also, CNBC’s Jon Fortt has the latest details from Apple’s conference call. Watch Larry discuss EFSF Fund & Europe’s Bailout on CNBC
Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. Read More
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