Monthly Archives: January 2012

Fitch downgrades ratings of 5 EU countries

Fitch just cut the long-term issuer ratings of 5 EU countries:Belgium: AA+ to AA  Spain: AA- to A  Italy: A+ to A-  Cyprus: BBB to BBB-  Slovenia: AA- to A Read more: http://www.businessinsider.com/fitch-goes-on-rampage-cuts-spain-italy-and-belgium-2012-1#ixzz1kk8nz4T9

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Sales of new US homes decline

Jan. 26 (Bloomberg) — Sales of new U.S. homes unexpectedly declined in December for the first time in four months, capping the slowest year on record for builders. http://www.businessweek.com/news/2012-01-26/sales-of-u-s-new-homes-unexpectedly-decline-in-december.html

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Fitch says Greece will default by March 20

It’s all over but the crying at least as far as Greece is concerned. First, it was S&P’s Kraemer telling Bloomberg yesterday the country is finished, now today for dramatic impact, we get Fitch’s repeating the doom and gloom, stating … Continue reading

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Everyone hates the Euro

  Presented with little but incredulous comment as the net short-interest speculative commitment of traders in EUR futures breaks to yet another record (at over 155k contracts) with no squeeze in sight yet… http://www.zerohedge.com/news/everyone-hates-euro-eur-shorts-hit-new-record-high

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Only Western capitalism in peril ?

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email email hidden; JavaScript is required to buy … Continue reading

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