Financial Investment Risk Consultant | Lawrence McDonald
Financial & Economic Consultant | New York Times Bestselling Author
Article by JoAnne Ellen, Reuters A record 84 percent of Americans say they disapprove of the way the Congress is doing its job compared with just 13 percent who approve of how things are going, according to a Washington Post/ABC News public opinion poll published on Monday. The disapproval rating for Congress inched up two [...]
Article By Chiara Vasarri and Lorenzo Totaro Prime Minister Mario Monti’s market honeymoon is ending as Italian bond yields approaching 7 percent signal mounting concern his government may struggle to sell 440 billion euros ($574 billion) of debt next year. Monti took just five weeks in office to push through a 30 billion-euro emergency budget package [...]
Article By Zeke Faux and John Detrixhe, Bloomberg Four months after Standard & Poor’s stripped the U.S. of its AAA credit rating and said the world’s biggest economy was no longer the safest of borrowers, dollar- denominated financial assets are doing nothing but appreciating. Government bonds have returned 4.4 percent, the dollar has gained 8.6 percent [...]
Article By Laura Litvan, Bloomberg Congress is ending what may be its least productive year on record after government shutdown threats, the collapse of debt-reduction talks and little action to fix the worst U.S. economy since the Great Depression. Just 62 bills were signed into law through November this year, meaning that 2011 may fall short of [...]
Article By Saijel Kishan and Jeff Kearns, Bloomberg Came the selloff in August when global stocks suffered their worst nine-day drop since the 2008 financial crisis. For four days, The Dow Jones Industrial Average (INDU) alternated between gains and losses of more than 400 points, the longest streak ever, and its intraday swings have averaged twice the [...]
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