Euro Debt Loan, Housing Starts: Good News for US Economy
The recent increase in housing starts, decrease in new claims for unemployment compensation are positive signs that Europe’s debt problem is not affecting US growth.
Euro Zone Debt
Eurozone Debt: Chickens Come Home to Roost
Two decades ago, European countries were very critical of Latin American and African countries that were saddled with tremendous debt. Now, Europe is facing the same problem–the chickens have come home to roost.
How the November Jobs Report is linked to Greek Debt
Large US financial institutions are heavily invested in euro zone countries; Bank of America, J.P. Morgan and Citigroup each have over $14 billion invested in the five worst countries. If they default, US bank lending will be curtailed significantly.