Major bank failures in Europe could spark a similar credit crisis that followed the Lehman Brother’s collapse in the fall of 2008
Downgrades follow move to cut country’s sovereign ratings to junk status
The political situation is very difficult to predict, raising the level of uncertainty and risk
Special report examines the implications of weaker economic growth and the potential cost of the eurozone crisis
While Europe remains the biggest risk factor, the current gridlock in Washington also has the potential to derail the U.S. economy all on its own
US$1.2 trillion of debt could be pulled from the global economy next year, estimates BCA Research
Investors are getting a much better sense of their tolerance for risk, and need reassurance from advisors
The most likely scenario is that Europe “will continue to muddle along in a constant state of financial crisis”
G20 makes some progress on global financial regulatory reform
The longer the ECB allows the sovereign debt crisis to fester, the more expensive will be the eventual curative action