Author: Biz India

by Nilus Mattive – Weiss Research Tuesday, May 22, 2012 Last week’s column on retirement savings rates elicited a lot of comments and thoughts from readers so I want to take some time today to both recognize some of the feedback I got and also provide some additional context to some of the ideas I discussed last week. A number of you wrote in to tell me that the fact that about half of Americans aren’t saving anything for retirement isn’t all that surprising — and that it’s largely a result of the current state of our economy. For...

By Martin D. Weiss, Ph.D – Weiss Research – Monday, May 21, 2012 – We now face the growing danger of a new financial megashock that could strike at almost any time. It has the potential to be larger than the Lehman Brothers shock of 2008. It could precipitate a market paralysis much as it did back then, freezing trading in critical debt instruments such as bank CDs, commercial paper and even the government securities of major nations. Potential for bank failures It raises the risk of failures that could be more dangerous than those of Fannie Mae, Washington...

By Jack Crooks – Weiss Research It’s well known that the euro zone is in deep trouble. But what isn’t so well known is that the Eastern European countries could be in even deeper trouble because of their overriding dependence on the European banking system. As JR and I have discussed in Money and Markets before, the European banking system is in deleveraging mode. That means they are reducing their loan books on a global basis in order to bring money back home to bolster their balance sheets. On the hook for $6.3 TRILLION on a Greek exit from...