Concerns out of Europe sent U.S. stocks in a decline Thursday reminiscent of declines during the 2008-2009 global financial crisis. The correction experienced is not necessarily a surprise, but what is surprising is the reason: Greece – specifically Greece’s questionable ability to service its debt and the implications a default
Archives for May 2010
Estimates from the bi-partisan Congressional Budget Office indicate the federal budget deficit will rise to $1.5 trillion in 2010 before falling to $1.3 trillion in 2011, representing 10.3% and 8.9% of estimated Gross Domestic Product (GDP), respectively. This raises a key question for investors: What impact might massive government spending
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