Three economists suggest history shows when countries are faced with an unsustainable debt burden, slow but steady adjustment remains the best policy approach.
Forex.com’s Kathleen Brooks explains why we all need a Christmas break, while keeping an eye open for tomorrow’s Spanish auction.
GaveKal observes global deleveraging is creating two-tier economies, which is translating into two-tier markets.
Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.
A brief look at important company events and economic data releases next week.
Only a 25bp cut from the ECB, and no further bond purchases. Dow down 198.
Kathleen Brooks of FOREX.com reports the upcoming ECB meeting and EU summit will be important for Europe given the potential for progress in resolving the sovereign debt crisis.
It’s an anxious fingers crossed on a flighty Wall Street as we head into the ECB and EU meetings over the next couple of days. Dow up 46.
EFSF, ESM or both? Either way, the tentative rally continues. Dow up 53.
S&P decided to put of all northern Europe on negative watch last night in a move that had sane people laughing hysterically. A rally on Wall Street was crimped. Dow up 78.