Quotable
"Back in 1980, the debt of slightly less than a third of U.S. industrial corporations tracked by Standard & Poor's was rated junk. By the late 1980s, more than half were, and now 71% of the pie fits into that category, a record according to a new S&P report."
Wall Street Journal, 1/4/07
U.S. Initial Jobless Claims Decreased to 545,000 Last Week Volcker Predicts ‘Long Slog,’ Risk of ‘Relapses’ for Economy Dollar Falls to One-Year Low Versus Euro on Signs Slump Easing U.S. Stock Futures Fluctuate as Oracle, FedEx Shares Retreat Gold, Near a Record, May Extend Rally on Dollar and Inflation Oil hovers near $72.50 after 5 percent rise by Doug Noland | Sep 11 U.S. stocks up and global equities up; gold, silver and crude up; commodities up, corporates up and Treasuries up; Everything up but our lowly currency. by Martin Hutchinson | Sep 14 Optimism is breaking out all over. by Satyajit Das | Sep 14 The Global Financial Crises' Placebo Effects Botanical commentators are finding "green shoots." Read more by Michael Pento | Aug 17 A Recovery Foundation Built on Sand Instead of allowing a cathartic and reconciling recession to run its course, the Federal Reserve (Fed) decided last year to again bail out the economy by greatly expanding the money supply.Top News
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