Tag Archives: treasury department
U.S. Debt-Ceiling Fight Looms, UN Demands New Global Currency, China Trade War
I’m not hearing much about this story in the news yet but I suspect the debt-ceiling will become center stage in the weeks ahead. At risk is the fate of the US$ trend. In the unlikely event that congress somehow puts its proverbial foot down and refuses to increase the debt ceiling then no doubt this would stem the slide […]
Cerberus Update, Weak Retail Sales, FDIC’s Blair Worried About Commercial Loans, Prime Borrowers Becomming a Problem, VMware Company of Interest
Cerberus denies talk of fund defaults – Reuters Reuters reports Cerberus Capital Management yesterday dismissed market speculation that some of its hedge funds, which have suffered losses and heavy redemptions, are in danger of default. Traders in London and Frankfurt were buzzing with talk that a major hedge fund was headed for default. Much of the talk was directed at […]