1

Michael Snyder – Corporations Are Defaulting On Their Debts Like It’s 2008 All Over Again

The Dow closed above 18,000 on Monday for the first time since July.  Isn’t that great news?  I truly wish that it was.  If the Dow actually reflected economic reality, I could stop writing about “economic collapse” and start blogging about cats or football.  Unfortunately, the stock market and the economy are moving in two completely different directions right now.  …

Finance Officials: Threats To Global Economy On The Horizon – Martin Crutsinger & Harry Dunphy

World finance officials said Saturday they see a number of threats on the horizon for a global economy still clawing back from the deepest recession in seven decades, and a potential Greek debt default presents the most immediate risk. After finance officials wrapped up three days of talks, the International Monetary Fund’s policy committee set a goal of working toward …