Some fear a repeat of the 2011 debt ceiling talks that cost the United States a perfect credit rating and set the stage for this year’s conflict.
In a sign that the problems facing the European Union could escalate, the central executive branch of the 27-nation bloc announced that, for the second quarter in a row, gross domestic product (GDP) has shrunk.
The stipulation, according to The New York Times, is actually an increase from the level requested by the president during previous negotiations in 2010 and 2011, which at the time only amounted to $1 trillion.
If you’re a U.S. investor with a stake in the stock market, you might want to consider hedging your wealth against a potential financial wipeout if a fiscal cliff deal collapses.
Two successive bailouts numbering in the hundreds of billions of euros, as well as an all-but-mandatory “voluntary” private debt restructuring, have strung the process along. Yet, Greece remains a nation with a debt-to-GDP ratio of more than 160 percent.
Today we’ll try to parse through the noise to see what underlying weaknesses Apple is suffering from that investors may want to keep in mind as they develop their portfolios.
As many investors know, the past several years have not been kind to the Old Continent.
According to a report from Reuters, some in the industry think that market participants had bought shares and options expecting a Romney victory.