Capital Account - 11/1/11
Greece calls for a referendum on its bailout freaking out European partners, sending stocks down, and casting doubt on the country's ability to avoid default. US banks have been writing more insurance against a Greek default, so could we be headed for another AIG moment? US alternative energy companies go belly up despite a boost from the government, and China is stepping in where US oil deals with Saudi Arabia fall through. In the global resource grab, author and investment advisor Dr. Stephen Leeb says the US is losing big time to China, threatening the American way of life. And speaking of commodities, is rubber getting too expensive? An airline carrier offering low price deals is forced to land its plane without landing gear. Is this what cheap fares buy?