Commodity Prices

Gold •442 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,395.60	-4.60	-0.33%
WTI Crude •12 mins	63.58	+0.01	+0.02%
Gasoline •16 mins	2.015	+0.003	+0.16%
Ethanol •442 days	2.161	+0.000	+0.00%
Silver •442 days	30.82	+1.16	+3.92%

Silver • 442 days	30.82	+1.16	+3.92%
Copper • 442 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	67.44	-0.51	-0.75%
Natural Gas • 14 mins	2.943	+0.004	+0.14%
Heating Oil • 17 mins	2.342	+0.002	+0.10%

Headlines

826 days Will The ECB Continue To Hike Rates?
827 days Forbes: Aramco Remains Largest Company In The Middle East
828 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,228 days Could Crypto Overtake Traditional Investment?
1,233 days Americans Still Quitting Jobs At Record Pace
1,235 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,238 days Is The Dollar Too Strong?
1,238 days Big Tech Disappoints Investors on Earnings Calls
1,239 days Fear And Celebration On Twitter as Musk Takes The Reins
1,241 days China Is Quietly Trying To Distance Itself From Russia
1,241 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,245 days Crypto Investors Won Big In 2021
1,245 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,246 days Food Prices Are Skyrocketing As Putin’s War Persists
1,248 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,249 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,252 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,253 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,253 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,255 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Richard Shaw

More Info

Contact Author

Sovereign Credit Risks: Greek Insolvency and United States Debt Limit

By Richard Shaw - Jul 05, 2011, 6:32 AM CDT

Greece took legislative action and got an apparent short-term bailout relief from default risk last week. Stocks rose, oil and copper rose, while gold and U.S. Treasuries fell as European debt problems seemed to pose less risk to world economic growth.

Market reactions were strong and contra to recent weeks, with strong positive technical aspects. Consensus forecasts of the S&P 500 are above current levels. However, not all immediate Greek issues are resolved, and long-term issues are wide open.