Topic: Fitch Inc.

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  • A hard landing for China? Six top economists weigh in.

    China's economy grew 8.9 percent last quarter, the slowest pace in 2.5 years, and on Monday Premier Wen Jiabao cut the nation's growth target for 2012 to 7.5 percent, an eight-year low. Worries of a Chinese hard landing, defined as a sharp and sudden deceleration in growth, have gained momentum. However, China has been proactive in its efforts to prevent a hard landing.  It has fine-tuned its policies to curb inflation, boost domestic consumption, and prevent a housing bubble. The Chinese government intervened heavily from 1989 to 1991 to cool its economy, causing real growth in gross domestic product to plunge to 4.1 percent in 1989, from 11.3 percent the previous year. It stepped in again in 1993. And some argue that this time around it's no different, and that the government knows exactly what it is doing. So we asked six top China analysts whether they saw a hard or soft landing scenario and what we should keep an eye on.

  • Dow breaks 13000 but can't stay there

    The Dow rose 15 points to close at 12965, just shy of the 13000 mark that it crossed earlier Tuesday. It was the first time the index had reached that mark since 2008.

  • The Daily Reckoning Could you ride out a Great Depression?

    When the Great Depression hit, many Americans were able to live off the land and wait it out.  In today's sour economy, that's less of an option.

  • Stocks fall. Greece weighs on markets.

    Stocks are down in Asia and Europe ahead of a key European summit. S&P futures are also lower. Investors shun stocks as concerns linger about Greece's long-term solvency.  

  • Stocks fall on Europe woes

    Stocks down in Europe ahead of key European bond auctions. Futures point to lower open for stocks in US. 

  • Stocks get a boost from Europe, corporate earnings

    The Dow rose 69 points to close at 12462 as hopes for strong corporate earnings boosted the markets.

  • Stocks fall with BoA, banks leading the slide

    Stocks fall with BoA, banks leading the slide

    The Dow lost 200 points to close at 11766. Bank of America plunged 4 percent; other big banks also faltered.

  • Stock market: Fears ease over North Korea

    Stock market: Fears ease over North Korea

    Stock market futures in US edge up as tensions ease over Kim Jong Il's passing. Asia markets close lower, but stock market in Germany, Britain, and France recover.  

  • Doubts mount as Europe struggles with next steps in euro crisis

    Doubts mount as Europe struggles with next steps in euro crisis

    European stocks as well as the euro dropped as optimism from last week's euro crisis summit yielded to tough questions about the EU's ability to avert fresh crises.

  • Stock market drops as ratings agencies eye euro deal

    Stock market drops as ratings agencies eye euro deal

    Stock market falls sharply, with the Dow losing 162 points, after two big ratings agencies said the fiscal pact between European leaders would make little difference in solving the region's debt problems. Intel's lower fourth-quarter guidance dragged the stock market down further.