Monthly Archives: June 2012

Kitco News By Debbie Carlson June 29, 2012 Gold prices are rising on the news out of the EU Summit that has produced some progress on the sovereign debt problems plaguing the eurozone, says George Gero, vice president, global futures, … Continue reading →

CNNMoney By Paul R. La Monica June 29, 2012 Good news from Europe! The euro surged Friday morning on news of a deal to help recapitalize banks. Bond yields in Spain and Italy fell. Stocks around the world rallied and there was a nice … Continue reading →

Yahoo! Finance By Aaron Task June 25, 2012 The Federal Reserve cut its growth forecast for the second half of 2012 and 2013 last week, raising concerns yet again about the potential for a “double-dip” recession. While some, notably the … Continue reading →

Bloomberg By Simon Johnson June 24, 2012 The euro area faces a major economic crisis, most likely a series of rolling, country-specific problems involving some combination of failing banks and sovereigns that can’t pay their debts in full. This will … Continue reading →

Queues form as desperate people received food handouts from Crete’s farmers Antonis Samaras sworn in as prime minister as head of conservative-led three party coalition New coalition vows to renegotiate crippling bailout agreement to ease burden on debt-crippled country Greek … Continue reading →

MarketWatch By Marcus Grubb June 20, 2012 NEW YORK (MarketWatch) — The recent decline in the price of gold has led some market commentators to the conclusion that gold is no longer performing the function for which it was bought: … Continue reading →

Yahoo! Finance By Elizabeth Trotta Jun 18, 2012 3:34 PM EDT The main themes that we’ve watched play out recently on the Greek stage will be discussed on a bigger stage this week as finance ministers from 20 of the … Continue reading →

MarketWatch By Peter Brimelow June 18, 2012 NEW YORK (MarketWatch) — When a top letter says that the “similarities to 2008 are becoming almost eerie, you just have to pay attention. First the good news — sort of. Last Thursday … Continue reading →

Consumers, Businesses Cast Anxious Eye Overseas MarketWatch By Jeffry Bartash June 10, 2012 WASHINGTON (MarketWatch) — The U.S. is unlikely to escape a strait-jacket of mediocre growth if the economies in the rest of the world continue to slow down. … Continue reading →

Greece and Ireland angry Spain not issued with same austerity measures Greek party Syriza: ‘Deal shows Europe abandoning policy of austerity’ Agreement in stark contrast to deal agreed with Greeks two years ago Spain only told to restructure its troubled … Continue reading →