Government, Politics and the Economy
Mobius: Derivatives and Stimulus Money May Trigger New Financial Crisis
According to Templeton Asset Management Ltd.’s Mark Mobius, a new financial crisis will develop from the failure to effectively regulate derivatives and all the extra global liquidity from the government's stimulus spending. Bloomberg.com
Survey: Small Business Optimisim Slips, Expect Slow Recovery
The NFIB's monthly index of small business optimism slipped one point to 87.9 last month. It had gained 7.9 points since March, indicating a view the the economy was stabilizing. FoxBusiness.com
[Read Full Article]
Government and Economy
Mills: Banks Are Loaning Again
According to SBA chief Karen Gordon Mills, efforts to get money to capital-strapped small businesses are beginning to pay-off, with banks starting to make government-backed loans. WSJ.com
GM Begins Cutting 1,100 Dealers
Facing General Motors, facing a probable bankruptcy filing by June 1, is telling 1,100 U.S. dealers they will be terminated as the automaker starts shrinking its retail network. Bloomberg.com
[Read Full Article]