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KWN With continued uncertainty in global markets, today King World News interviewed 25 year veteran Caesar Bryan. Gabelli & Company has over $31 billion under management and Caesar Bryan has managed the gold fund since its inception in 1994. Here is what Ceasar had to say regarding the ongoing financial crisis: “This has been sort of a slow-burn crisis. There are going to be times when it flares up, and other times, strangely, [...] From FT: Financial markets are driving the world towards another Great Depression with incalculable political consequences. The authorities, particularly in Europe, have lost control of the situation. They need to regain control and they need to do so now. Three bold steps are needed. First, the governments of the eurozone must agree in principle on a new treaty creating a common treasury for the eurozone. In [...] “Germany holds regional elections on May 9 “the cabinet could approve a bill at the earliest on May 12 and push a law through both houses of parliament by May 25.” http://www.reuters.com/article/idUSLDE63K1JA20100421 And another note, Greece has to pay back 54B euros this year alone! Do you think a 45B euro package is anything enough? I had an interest only ARM due to adjust in several years, and I had unsuccessfully tried several times to refinance. I had a job that paid significantly less. I had lost a business. I read the guidelines, and it looked like I was a poster-child for this program. Wow, what a surprise I was in for… Months of calling and being told one lie after another, submitting the same paperwork [...] CORPORATE DEBT COMING DUE MAY SQUEEZE CREDIT By NELSON D. SCHWARTZ When the Mayans envisioned the world coming to an end in 2012  at least in the Hollywood telling  they didn’t count junk bonds among the perils that would lead to worldwide disaster. Maybe they should have, because 2012 also is the beginning of a three-year period in which more than $700 billion in risky, high-yield corporate debt [...] |
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