Article Index
Debt Crisis

CAD/USD Exchange Rate: Canadian Dollar Forecast Bearish in 2016 Although the Canadian dollar was virtually on par with the U.S. dollar just two years ago, a handful of events have decimated the loonie since. Low commodity prices are threatening to crush the Canadian dollar as the currency was…

Terrible news for Europe has dominated headlines this year, dragging down indices like the EURO STOXX 50 Index and the Deutsche Boerse AG Index. The stare-down between Greece and its creditors drained nearly all the life out of European stocks, settling a cloud of pessimism around the continent.…

Wall Street opened lower on Wednesday, July 8, on worries over Chinese financial instability and Greece’s debt crisis remaining unsolved. The main Chinese index, the Shanghai Composite, plunged nearly 30% from mid-June. On Wednesday, the Shanghai Index dropped by 6.75%. Trading on nearly half of every stock listed…

Wall Street opened flat on Tuesday, July 7th, as talks between Greece and its creditors resumed. The U.S. trade deficit widened in May, reflecting concerns over weak global demand. European stocks continue to slide while the euro hit a five-week low against the dollar. In China, the stock…

Wall Street opened sharply lower on Monday July 6, 2015, as Greek people rejected the bailout package by creditors on Sunday, putting the euro on edge. European stock markets plunged as Greece’s exit from the eurozone seems to be likely. After Greece overwhelmingly voted against conditions for a…

On Sunday July 5th, Greece citizens will vote on a referendum that may be remembered as the start of a global economic collapse. The referendum comes just days after Greece defaulted on its debt payments to the International Monetary Fund (IMF). (Source: Business Insider, July 3, 2015.) The…

Wall Street opened slightly higher on Thursday, July 2nd, as job growth slowed down in June, lowering the probability that the Federal Reserve will raise the interest rate this year. European stock markets traded lower and the mood was one of caution with Greece set to vote on a…

Wall Street opened higher after suffering from the worst day of the year on Monday, June 29th. Eurozone stocks recovered after a devastating day on Tuesday but remained cautious as Greece moves towards default on a debt payment to the International Monetary Fund (IMF). The Greece government and…

International stock markets crashed on Monday, June 29, as fears of a eurozone economic collapse soured investor sentiment. A frustrating Greek crisis continues to hit the global markets, as the country closed all banks and imposed capital controls. Uncertainty surrounding the fate of Greece is dragging the equity…

Over the past few years, the U.S. national debt has increased drastically since the financial crisis. To give some perspective, since President Obama has taken office, U.S. public debt has jumped by $7.0 trillion. (Source: Committee Responsible Federal Budget, May 11.2015.) With stocks at an all-time high, people…

With the U.S. government forecast to incur budget deficits year-over-year through to 2025, our rising national debt is turning into a debt crisis that will have long-term negative effects on our economy and currency valuation. In particular, two ticking debt time bombs are lurking nearby. Official National Debt…

This past Friday, we got news of Greece’s debt extension. The headline at the Financial Post said it all: “Greece and its EU paymasters reach accord to keep bailout funds flowing for four months.” (Source: Financial Post, February 20, 2014.) With the news, the Dow Jones Industrial Average,…

On the surface, today’s jobs market report looks good… 195,000 jobs were created in the U.S. economy during the month of June, with the “official” unemployment rate for the month sitting at 7.6%, unchanged from May. (Source: Bureau of Labor Statistics, July 5, 2013.) But look a little…

I can’t stress this enough: troubles in the eurozone are far from over. First and most important, the strongest nations in the eurozone are experiencing an economic slowdown now too. As I have written before, France and Germany are seeing diminishing demand. Finland, one of the financially strongest…

Standard & Poor’s, the credit rating agency, believes the likelihood of the U.S. credit rating being downgraded in the near term is less than 33% (one in three) and it has decided to keep its credit rating on the U.S. economy at AA+, slightly lower than the best…

While cutting the growth outlook of the global economy, Chief Economist of the International Monetary Fund (IMF) Olivier Blanchard said yesterday, “…the main challenge is very much in Europe.” (Source: “IMF Cuts Global Growth Outlook as Europe Demand Urged,” Bloomberg, April 16, 2013.) Blanchard showed further concerns regarding…

Another crisis looming in the air... Student debt is going to be the next big hurdle to deal with in the U.S.’s economic recovery. Total student loan debt currently stands very close to $1.0 trillion and defaults on these loans are increasing at an alarming rate, placing more…

In the end, after weeks of hearing about the fiscal cliff, it was over. Taxes on rich Americans went up, and spending was untouched. But guess what? It doesn’t matter…it makes no difference to America’s debt crisis! Raising the tax on the rich (individuals making over $400,000 and…