Stocks, U.S. Index Futures Fall on Economy, Debt; Yen Weakens
Stocks dropped for fifth day and U.S. index futures declined amid concern Europe’s debt burden is worsening while the American recovery falters. The yen weakened after Japan said it will curb appreciation, and Treasuries rose.
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Robert Barone: Excessive debt promises to keep economy limping for a while
It took 20 years of overconsumption and living beyond their incomes for Americans to get to their current economic state.
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Books include proven methods to reduce your overall commercial debt burden by 60% or more. Also, how to turn your failing business around in 120 days.
Commercial Debt Reduction and Business Turnaround
Czech finance ministry: North Korea offers ginseng to pay back its $10 million debt
PRAGUE – The Czech Republic says North Korea has offered a unique way to repay nearly $10 million in Cold War-era debt — ginseng.
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EU debt crisis easing, ECB boss says
Europe’s economy is doing better than expected as the continent’s government debt crisis eases, the European Central Bank’s president said Thursday – but he cautioned that growth would remain “relatively modest.”
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Visionvictorymanifesto.com Get fresh economic updates in real time. Check out my most recent blog www2.visionvictorymanifesto.com VisionVictorymanifesto.com Fed Boom Pay raises for all, spread the joy. www.usatoday.com Double down on debt www.politico.com Spending www.gallup.com Less job openings www.marketwatch.com
French finance minister says no worries about debt rating, bristles at government’s own cuts
PARIS – French Finance Minister Christine Lagarde said Tuesday that there’s no reason to worry about a downgrade in France’s credit rating given increasingly aggressive cost-cutting by the government.
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Millions of Britons are still mired in debt, despite the economy continuing to recover in the first quarter of 2010. Each household with an unsecured personal loan has an average debt of over £18000 (£18583). If you find yourself with that level of debt and are insolvent, with a disposable income of over £200 per month, you might want to enter into an Individual Voluntary Arrangement (IVA). If 75 per cent of your creditors agree to the IVA, you could have your debt settled after five years. Nevertheless, the British Chambers of Commerce (BCC) is still hopeful of a full recovery for the economy. Its latest report shows that recovery is “still on course but they also warn that it is weak and serious risks of a setback remain.”
In which John explains the Greek debt crisis, which has pushed the Greek government close to defaulting on its loans, the reasons why the Euro zone and the IMF are desperately trying to bail Greece out, and what the rising cost of sovereign debt means for the massive budget deficits throughout the developed world. Thanks to Karen Kavett at www.youtube.com for the illustration. Debt Chart: en.wikipedia.org
China’s Stocks Gain as Economy Withstands Europe Debt Crisis
June 11 (Bloomberg) — China’s stocks rose, heading for gains this week, as higher-than-estimated loan growth and retail sales added to evidence the world’s third-largest economy is withstanding Europe’s debt crisis.
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