Spanish banks’ bad loan ratio at record 11.38 pct in November, totaling $256.17 billion Spain’s central bank says the level of bad debt in the country’s banks rose to a new record 11.38 percent in November, up from 11.23 percent in October. In data released Friday, the bank said non-performing […]
Author: InvestAdvocate
America Should Declare Bankruptcy: Doug Casey
This week started with President Obama Monday demanding lawmakers raise the U.S.’s $16.4 trillion debt ceiling, warning Republicans not to insist on spending cuts in return. The same day, Federal Reserve Chairman Ben Bernanke advocated getting rid of the debt limit altogether. The Washington Post reports in a conversation at […]
Chinese Economy Expanded at End of 2012, Data Shows
The giant Chinese economy picked up steam during the last few months of 2012, closely watched data from Beijing on Friday confirmed. But at the same time the figures underlined the view that the pace of future growth is likely to remain well below that seen in recent years. China’s […]
