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Blog Entries by Mark Gongloff from 06/2012

Jobs Report Puts World On Recession Watch

Posted 06.01.2012 | Business

Get ready: The ugly May jobs report will revive talk of another recession. Don't believe it. Yet. The "R" word got dropped all over Twitter within ...

The Phone Call To Save Europe: Seven And A Half Things

Posted 06.04.2012 | Business

Thing One: This Is A Call: Hello, everyone. Let us see what is "new" in the "news" today. Oh, well, looky here, Europe is still a disaster! But then y...

Germany Could Be The Next Nation In Trouble In The European Debt Crisis, Report Warns

Posted 06.05.2012 | Business

While everybody's rightly worried about Spain as the next likely victim of the European debt crisis, nobody's thinking much about Germany. It could be...

Spain's Cry For Help: Seven And A Half Things To Know

Posted 06.05.2012 | Business

Thing One: Another Day At The Office For The ECB: If it's Wednesday, it must be time to ignore the flailing Spanish banking sector. The European Ce...

Greece Still Going Broke, Now Faster And With More Broke-Ness

Posted 06.06.2012 | Business

If you could rely on anything in the past couple of years, it is that Greece is always going broke. Now it turns out that Greece is going broke faster...

Sheila Bair Leads New Justice League Of Bank Regulation

Posted 06.06.2012 | Business

Meet the Justice League of bank regulation. In a world ruled by powerful bankers, where politicians and regulators are compromised and weak, only a...

Darren Rovell, CNBC Sports Reporter, Duped By A Source For The Last Time!

Posted 06.06.2012 | Business

CNBC sports reporter Darren Rovell is not exactly beloved by the Internet, maybe for his comments about the sad decline in the quality of Playboy Play...

Ben Bernanke To The Rescue, Again: Seven And A Half Things

Posted 06.06.2012 | Business

Thing One: Be Gentle, Ben: The stock market is a big, dumb drug addict. If you still needed proof, all you had to do was sit back and watch the mar...

Bernanke To Congress: Spend More Money

Posted 06.07.2012 | Business

Here's something you don't see every day: A Republican-appointed Federal Reserve Chairman telling Congress to spend more money. Well, not exactly -...

Spanish Hassle Tragic: Seven And A Half Things To Know

Posted 06.07.2012 | Business

Thing One: Help! Spain Needs Somebody: Seven And A Half Things is all about self-help, but this is ridiculous. Spain, which has warned that it is v...

Obama Says The Private Sector Is Fine, And He's Not Entirely Wrong

Posted 06.08.2012 | Business

By now you've probably heard about this awful gaffe President Obama made, calling the private sector "fine." Except from the old-fashioned standpoint ...

Alan Greenspan Bravely Rushes To JPMorgan Chase's Defense, With A Bucket Of Nonsense

| Posted 06.08.2012 | Business

It was only a matter of time before it happened: Alan Greenspan has come to the defense of JPMorgan Chase. Yes, the Alan Greenspan, the same man who helped make it possible for banks like JPMorgan to get big enough to annihilate the financial system.

Spanish Bailout: Big Questions Still Remain

Posted 06.09.2012 | Business

While European soccer players were expertly kicking the ball down the field this weekend in the Euro 2012 tournament, European finance ministers were ...

Spain Bailout Brings Brief Relief: Seven And A Half Things

Posted 06.11.2012 | Business

Thing One: Relief Rally: Global financial markets, having been pulled back from the abyss over the weekend, are throwing a little victory celebration ...

Wall Street Does Not Care About JPMorgan's Loss

Posted 06.11.2012 | Business

It's official: Absolutely nobody on Wall Street cares about JPMorgan Chase losing $30 billion. That is the clear message of an exhaustively reporte...

Europe Gets Facebooked: Seven And A Half Things To Know

Posted 06.11.2012 | Business

Thing One: Bail Fail: One hundred and twenty-five billion dollars just doesn't go as far as it used to. Europe's 100-billion-euro ($125 billion) pr...

Eurozone Crisis Explainer That Will Finally Make You Care

Posted 06.12.2012 | Business

Hello, American reader. We know there are things in this world you care very deeply about: The NBA finals, the "True Blood" premiere, Apple's shiny ne...

Beware The Bond Market's Warning: Seven And A Half Things To Know

Posted 06.12.2012 | Business

Thing One: Bond Market Warning: James Carville once said he wanted to be reincarnated as the bond market because of the power it had. The bond market ...

Jamie Dimon Avoids Hard Questions At Senate Hearing

Posted 06.13.2012 | Business

There were lots of remarkable questions during Jamie Dimon's Senate Banking Committee hearing -- remarkable mainly for how easy people were on the hea...

Spanish Bond Yields Enter The Death Zone: Seven And A Half Things To Know

Posted 06.13.2012 | Business

Thing One: Unlucky Seven: Seven is an unlucky number for Spain, and for the rest of the world. The yield on Spanish 10-year bonds nearly hit 7 perc...

Greece Will Be Ruining Your Weekend Now: Seven And A Half Things To Know

Posted 06.14.2012 | Business

Thing One: Zombie Weekend: One reliable feature of the global financial crisis-zombie apocalypse we've been enduring for the past four years is that e...

Rajat Gupta Conviction May Deter Insider Trading -- For Now

Posted 06.15.2012 | Business

The conviction of Rajat Gupta on insider trading charges is a real score for government prosecutors -- maybe the biggest such conviction in history. ...

Apocalypse Later: Seven And A Half Things To Know

Posted 06.17.2012 | Business

Thing One: Crisis Deferred: Well, we were wrong: Greece did not actually ruin your weekend. They'll just continue to ruin your next several weekdays, ...

Tech Bubble Death Watch: AutoTrader Revives Post-Facebook IPO Market

Posted 06.18.2012 | Business

Hallelujah, the nuclear winter left behind by the devastating Facebook IPO is finally over! OK, it's not over, really. But there are green shoots,...

Come Together, Right Now: Seven And A Half Things To Know

Posted 06.18.2012 | Business

Thing One: Get It Together: The eurozone is like a bad marriage that has to stay together for the sake of the children. In this case, the children are...