Commodity Prices

Gold •373 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,469.90	+57.40	+4.06%
WTI Crude •3 hours	68.45	+1.88	+2.82%
Gasoline •3 hours	2.187	+0.035	+1.61%
Ethanol •373 days	2.161	+0.000	+0.00%
Silver •373 days	30.82	+1.16	+3.92%

Silver • 373 days	30.82	+1.16	+3.92%
Copper • 373 days	4.530	+0.111	+2.51%
Brent Crude • 3 hours	70.36	+1.72	+2.51%
Natural Gas • 3 hours	3.314	-0.023	-0.69%
Heating Oil • 3 hours	2.447	+0.064	+2.68%

Headlines

757 days Will The ECB Continue To Hike Rates?
758 days Forbes: Aramco Remains Largest Company In The Middle East
759 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,159 days Could Crypto Overtake Traditional Investment?
1,164 days Americans Still Quitting Jobs At Record Pace
1,166 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,169 days Is The Dollar Too Strong?
1,169 days Big Tech Disappoints Investors on Earnings Calls
1,170 days Fear And Celebration On Twitter as Musk Takes The Reins
1,172 days China Is Quietly Trying To Distance Itself From Russia
1,172 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,176 days Crypto Investors Won Big In 2021
1,176 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,177 days Food Prices Are Skyrocketing As Putin’s War Persists
1,179 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,180 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,183 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,184 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,184 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,186 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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.