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Which Crisis Is Worse: Greece Or China?
Thursday, July 9, 2015 - 10:23am | 436It is an uncertain time for markets as turmoil in two of the world's largest markets, China and Europe, has rocked investors' confidence. Both regions share markets are suffering, although for two very different reasons. Greek Bailout In Tatters In Greece, bailout negotiations all but...
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Can The Fed Really Raise Rates Amid All This Chaos?
Thursday, July 9, 2015 - 9:20am | 325On Wednesday, the Federal Reserve released its June meeting minutes to eager investors looking for clues about the bank's rate hike timeline. The minutes showed that although most Fed members are still dubious about raising interest rates in the near future, a rate hike is likely before the...
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One Step Closer To A Grexit?
Wednesday, July 8, 2015 - 2:35pm | 413Barclays analyst François Cabau believes that Tuesday's Euro Summit represented "one more step toward Grexit." He explained that no agreement was reached during the meeting, with the Greek position already having been weakened after Sunday's referendum vote. According to Cabau, eurozone leaders...
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BB&T Chairman Says Turmoil In Greece, China Won't Affect U.S. Growth; Fed Will Raise Rates This Fall
Wednesday, July 8, 2015 - 1:17pm | 443What impact will the Greece debt crisis and Chinese stock market collapse have on the U.S. economy? BB&T Corporation (NYSE: BBT) chairman and CEO, Kelly King, was on CNBC Wednesday to answer that question. King also discussed if these events will cause the Fed to raise rates early. 2–2....
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Gartman: Greece Faces 'Ultimate' Deadline, World Prices Collapsing
Wednesday, July 8, 2015 - 12:34pm | 400Dennis Gartman's daily letter on Wednesday stated that global stock markets are in "panic mode" with plunging Asian markets and little being resolved on the Greek financial crisis front. Commenting on Greece, Gartman noted that the nation has been given another deadline that it must follow. On...
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What Does The Greek Debt Crisis Mean For European And American Investments?
Tuesday, July 7, 2015 - 2:14pm | 422The situation in Greece may be acting as a hindrance for investors wanting to invest in European equities. However, according to Hirtle Callaghan & Co. CEO and founder Jonathan Hirtle, it has actually made European stocks far more attractive than their American counterparts. Hirtle was on...
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Marc Faber: Greece May Have Followers Opposing Measures Imposed By The ECB, EU And IMF
Tuesday, July 7, 2015 - 1:57pm | 368Marc Faber, founder of Marc Faber Ltd. and publisher of the famous "Gloom, Boom & Doom" report, was on Bloomberg TV recently to discuss the Greece debt crisis and whether the debts taken by the country should be forgiven. Greece Needs A 50 Percent Haircut "They will have to compromise...
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Everything Wall Street Said About Greece After 'Oxi' Vote
Tuesday, July 7, 2015 - 10:30am | 848Greek voters overwhelmingly voted "no" to a bailout plan proposed by Greece's foreign creditors. Here is a roundup of what Wall Street's top economic analysts had to say. Goldman Sachs: Greek Banks Could Come Under Strain Goldman Sachs analyst Pawel Dziedzic argued that a...
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Greece To Plead Its Case At A Last-Chance Summit
Tuesday, July 7, 2015 - 9:17am | 332Tuesday may be Greece's last opportunity to secure emergency funding after the nation's voters rejected the latest EU proposal to release the country's bailout funds. Over the weekend, Greeks chose to stand behind Prime Minister Alexis Tsipras and the Syriza-backed government, which...
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Greece & U.S. REIT Investments: Is Now The Time To Try Some GUMBO?
Tuesday, July 7, 2015 - 7:12am | 893The Greek referendum "thumbs down" vote over the weekend has begun a process which apparently will spawn at least as many acronyms as there are possible outcomes. Investors in real estate investment trusts have already overcome the fear associated with investing in an asset class...
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Social Media Beat: China, Greece, Crude Oil And The Aetna-Humana Deal
Monday, July 6, 2015 - 2:44pm | 499Social media is becoming more and more important to investing. So, knowing what the crowd is saying is becoming increasingly indispensable. Responding to this need, Market Prophit compiles and analyzes investing-related social media commentary and develops statistics that tell users what both...
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Barclays' Chief U.S. Economist Thinks The Spillover Risk Of Grexit 'Is Contained At This Point In Time'
Monday, July 6, 2015 - 2:01pm | 456Michael Gapen, Barclays' chief U.S. economist, was on CNBC Monday to discuss how likely it is for Greece to exit the European monetary union and the effect that could have on the financial markets. Here is what he said. Base Case: An Exit From EU "We think that at least in the next...
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Mohamed El-Erian: 'Technical Contagion' Is A Concern If Greece Leaves Eurozone
Monday, July 6, 2015 - 1:19pm | 403The results of Greek referendum have sent the global financial markets on a downward spiral over fears that Greece will soon exit the eurozone. Mohamed El-Erian, chief economic adviser at Allianz SE (ADR) (OTC: AZSEY) and former PIMCO CEO, was on CNBC Monday to discuss the probability of a...
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National Bank Of Greece, Shippers Selling Off… Except For Euroseas
Monday, July 6, 2015 - 12:03pm | 324As expected, shares of Greece-based companies were trading lower for the most part on Monday. Shippers Mostly Lower Shares of Capital Product Partners L.P. (NASDAQ: CPLP), one of the largest Greek-based shipping companies by market cap were trading lower by 0.90 percent late Monday morning....
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Who'll Leave The E.U. First: Greece Or The U.K.?
Monday, July 6, 2015 - 11:30am | 298Bookmakers from Ladbrokes, a British betting and gambling company, now believe that an English departure from the EU is more likely than a Greek exit from the Eurozone. The surprising evaluation comes after Greeks voted ‘No' on Sunday on a referendum to accept the Troika's austerity...