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Since the bankruptcy of MF Global on Monday, Jefferies has been fighting heightened fears about its exposure to debt problems on the Continent.
Investor focus has shifted to solid U.S. and European corporate earnings and signs the global economy is chugging along even as the Federal Reserve remains cautious about when it will start to unwind its super-loose policy, offsetting concerns over sovereign debt problems on both sides of the Atlantic.
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Mr. Romney blamed much of the debt problem on Mr. Obama, whom he called an "old school" liberal.
Once again, and for the umpteenth time: the United States faces a serious debt problem on the order of trillions of dollars over a 20- to 30-year time frame.
The German government and allied northern creditors represent the crisis as a southern sovereign debt problem; on the other side commentators like the Financial Times's Martin Wolf argue it is a north-south trade imbalance problem.
Put this debt problem on a global stage and there are "side effects of a very strange acute virus spreading throughout the planet".
"We want to challenge this notion that they are somehow providing a helping hand when students are being harmed, when we see the massive student debt problem that on average students are graduating – not even in the for-profit sector – with around $35,000 in debt.
Debt collectors are planning ways to hit back against online consumer forums allowing people to share advice about dealing with debt problems and taking on financial institutions.
TOKYO — World finance officials called on the United States and Europe to quickly resolve their debt problems, saying on Saturday that more decisive action was needed to restore confidence in the faltering global economy.
Stocks on Wall Street declined sharply, and 10-year bond yields hit fresh lows on Friday as developments in Europe related to sovereign debt problems weighed on the financial markets.
(This won't necessarily apply to future deficit spending: one of the consequences of failing to raise the debt ceiling would be a significant rise in borrowing costs, which would compound our debt problems later on).
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