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America on the Verge of a Credit Rating Downgrade

Even if the debt ceiling is raised for now, the U.S. will still have a huge deficit. Concerns about what will happen next time will force ratings age[...] read more »
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Financial Planning Tips for a U.S. Debt Default

With the deadline to raise the U.S. borrowing limit less than two weeks away, you might be thinking about what to do with your money if the U.S. gove[...] read more »
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U.S. Debt Default: How Would It Affect You?

Are you really going to be affected if the government can’t borrow more money, and if Moody’s cuts the U.S. credit rating from its sterling AAA ratin[...] read more »
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Will the Greek Rescue Agreement Solve Sovereign Debt Problems?

Is the Greece rescue agreement going to solve sovereign debt problems in Europe? And what precedent does it set for other countries -- including the [...] read more »
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» Debt Ceiling, U.S. Default, and What’s Next

Right now, there is a great deal of wrangling going on, accompanied by partisan grandstanding on all sides. But what does it mean? What is likely to [...] read more »
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Is It Ok To Walk Away From Your Underwater Mortgage?

More than 11 million families are in “negative equity”, they owe more on their home than it is worth. Is it OK for them to walk away from their mortg[...] read more »
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Will the U.S. See a Credit Downgrade -- Even if Default is Avoided?

Some believe that a U.S. debt default won't happen. But, even so, a credit downgrade is likely. read more »
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U.S. Jobless Claims Drop

U.S jobless claims at lowest level in three months, but almost everyone is focused on the debt ceiling debate. read more »
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Schiff Considers Running For Senate and Advises US to Default on Its Debts Honestly

For the first time, Schiff has begun to say he's considering running for Senate. Also, he actually advises that the US should openly and honestly d[...] read more »
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What do you expect? Change?

Who is to blame for Gen Y's poor money habits? Apparently it is the boomers. They are going into default at an alarming rate. read more »
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Dubai default risk could be a big US bank problem

Although there's little direct exposure to Dubai World's default risk, U.S. financial institutions could take major indirect hits. read more »
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Mortgage delinquencies soar in the U.S.

More U.S. consumers are falling behind on their mortgages, an indication that the housing market has yet to hit bottom, a top credit bureau executive[...] read more »
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Economic News and Commentary December 2, 2009

Today's relevant economic crisis news again deals with the inflation vs. deflation question. The commentary is on the subject of government impotenc[...] read more »
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Today's Best Economic Crisis News Links January 22, 2010

There are many MUST READ's in today's collection. MSM just doesn't cut it. And I've done the heavy lifting for you. Read what's really important[...] read more »
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Underwater Mortgage? Why Suze Orman Recommends You Quit Paying

Financial guru Suze Orman now recommends that certain families go into strategic default on their homes. Find out the details. read more »
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