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Yanis Varoufakis had a long interview on RT’s Boom Bust yesterday going into detail behind his political candidacy and what he expects SYRIZA to do regarding the unsustainable debt burden that the Greek government now has. Overall, despite his problems with the eurozone’s institutional structure, Yanis believes Greece leaving the … Read entire story.
Source: Credit Writedowns
© STR/AFP/Getty Images China’s economic rebalancing has been the main downside risk to global economic activity in 2014, and will probably remain so for the foreseeable future. The industrial production figures for August were the weakest seen since the 2008-09 recession, and they were followed by a statement from…
I’ve written before about how I consider retirement spending strategies to exist on a spectrum. Strategies at one end of the spectrum (e.g., the classic “4% rule” approach) do not adjust spending based on portfolio performance. This makes spending predictable, but the tradeoff is that it results in both a higher probability of portfolio depletion […]
Bank of America, the second-largest U.S. bank by assets, said Wednesday that its earnings slumped in the third quarter after it agreed to a settlement with the government over its sale of mortgage-backed securities. The Charlotte, North Carolina-based bank reported net income of $168 million for …