"Ireland needs a new credit rating agency. Moody & Poor," says Colm O'Regan, an IT consultant turned comedian.
Another declares that since central banks print money anyway, they're built to be defaulted on. "They're just like my dad," quips Joe Rooney.
http://www.cnbc.com//id/40180459Read more…
Any rise that is not accompanied by economic growth will be tied to inflation or credit risk.Next week, the economic news is fairly light. We will get PPI and CPI. I am expecting to see wholesale prices move higher, but consumer prices are likely to be benign. Weak demand will keep producers from raising prices and that means profit margins will start to decline. This will not be a major market mover and investors will focus on improving employment. Last week, private sector job growth increased for the 4th straight month and yesterda.y’s initial jobless claims were much better than expected. ISM services and manufacturing were also strong last week.
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By Shri Navaratnam
(Adds information, quotes, updates/adds market levels)
SINGAPORE (MarketWatch) -- Most Asian stock markets took a leg lower Friday, selling off amid fresh concerns about European sovereign debt, with shares in China dropping on renewed tightening fears while South Korea's market remained choppy after Thursday's sharp decline.
http://www.marketwatch.com/story/asian-shares-mostly-down-china-hit-by-tightening-fears-2010-11-11Read more…
