The world needs to prepare for the next economic crisis, even as it begins to recover from the worst recession since the Great Depression, the head of the International Monetary Fund said Tuesday.
IMF Managing Director Dominique Strauss-Kahn, speaking to business students at a Johannesburg university, expressed concern that recovery could mean leaders will feel less pressure to work together and pursue such reforms as tightening regulation and supervision of financial markets.
“The consensus is stronger when you’re afraid,” he said.
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With unemployment remaining high and concerns growing about a jobless recovery, Congress recently passed legislation that promises to jumpstart travel, a critical sector of our economy. Best of all, this “stimulus” plan won’t cost taxpayers a single dime – in fact it will actually increase federal revenues and lower the federal budget deficit.
The bill is [...]
Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the world’s recent financial crisis, believes the chance of a double-dip recession in the U.S. economy is increasing because of risks related to poor economic data in the country coupled with Europe’s ongoing debt crisis.
In a research paper, cited by CNBC, Roubini [...]
If you’re like me and reluctant to join the stock market frenzy with open arms, then consider buying reverse index funds that bet against Treasury bonds.
This strategy offers a high value alternative to joining a 50%-plus stock market rally since March as long-term interest rates rise on most days when the stock market climbs.
As stocks [...]
I have discussed the financial industry on numerous occasions. My sentiment has not changed.
Those looking for some kind of investment “payday” should stay clear of the banks as an investment. The risk is still very high. Unrelated to my prognosis, I can tell you that I have NEVER personally INVESTED in banks and I don’t [...]
The dollar is expected to advance against the yen but struggle against the euro this week after encouraging U.S. jobs data renewed investors’ confidence in the global economic recovery.
The main beneficiaries of the more positive outlook for growth are likely to be higher-yielding currencies such as the Australian and New Zealand dollar, which already Friday [...]
Late payments on mortgage loans declined slightly during the fourth quarter of 2009 — compared to the previous quarter — representing the first quarter over quarter decrease since mid-2006. Some analysts believe that the drop in 30-day delinquencies may be a positive indicator that the mortgage market is starting to stabilize, and that the number [...]
One of the oldest French banks, Societe Generale, tells clients how to prepare for potential global collapse within the next two years according to a headline in London’s Telegraph, Dec. 2, 2009! That was a “global” collapse! And some of my friends suggest that I am an extremist! Yes, I have said that panic (an [...]
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