Political and sovereign debt risks in Spain, conflict in the Korean peninsula and US economic uncertainty send global markets tumbling in May.
Moody’s issues shot across the bow to warn US about expanding Federal debt burden.
Financial markets continue to be roiled this week over fears that a European debt crisis could derail the global recovery. Investors are spooked by the debt problem in Greece – a possible precursor of what may happen in the U.S. Investors fear Greece may default on its sovereign debt, or require a bailout from already strapped European governments. Those concerns are spreading to other financially troubled governments in Europe.
Ian Bremmer, President of the Eurasia Group, a political risk advisory firm, provides a ‘bird’s eye’ overview of the impact of the Obama foreign policy agenda — the “New Era of Engagement” doctrine — on the world, on U.S. corporate competitiveness and on global markets.
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