“If you look at Europe, I think the consensus is pretty much a mild recession. I think it’s going to be a very severe recession,” said Gary Shilling yesterday on Inside Track, predicting an even rougher road ahead for the Eurozone than most expect. Shilling is the president of A. […]

Japan central bank leave interest rates at virtually zero amid dimmer view of economy   Source: Associated Press

Van Eck Global, a fund manager with wide experience in emerging markets, is preparing to debut in another risky sector it bets will offer competitive returns in 2012 — Europe’s high-yield corporate debt market. Van Eck plans to launch in mid-January an exchange-traded fund that will invest in high-yield corporate […]