by agm | Sep 14, 2011 | news
What’s the best way to get our economy back on track and put people back to work? Declare a national Chapter 11 bankruptcy, writes Brett Arends at MarketWatch. The idea isn’t as half-baked as you might think. Tens of millions of homeowners could default on...
by agm | Sep 9, 2011 | news
The Dow plunged more than 300 points Friday as fears of a Greek default gripped the market, sending investors to the sidelines. The Dow Jones Industrial Average ($INDU) was down 334 points, or 3%, at 10,960. The S&P 500 ($INX) was down 35 points, or 2.9%, at...
by agm | Sep 6, 2011 | news
Gold’s rally above $1,900 an ounce shows no signs of a “bubble” as central banks continue to boost money supply that has helped spur bullion to a record, according to investor Marc Faber. “I don’t think that gold is in a bubble,” Faber, publisher of the Gloom, Boom...
by agm | Aug 30, 2011 | news
The global economic crisis is leading to a possible “developed economy” recession in the U.S. and Europe, which may be hard to alleviate, according to Pacific Investment Management Co.’s Bill Gross. In this environment, the world’s biggest manager of bond funds favors...
by agm | Aug 29, 2011 | news
Investors are paying less for equities than they have during every recession since Ronald Reagan was president amid growing concern that the economy is on the edge of another recession. The Standard & Poor’s 500 Index has lost 13 percent in the past five weeks,...
by agm | Aug 26, 2011 | news
Gold rose in New York for a second straight day after Federal Reserve Chairman Ben S. Bernanke offered no plan to provide further stimulus for the economy. While Bernanke said the central bank has the tools to spur growth, he refrained from outlining a plan for a...
