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About a month ago, the Germany government sold $5 billion worth of Eurobonds that paid an average interest rate of -- get this -- negative 0.0122%. That's right: These bonds are guaranteed to lose value. So why did they sell? In a word, it's all about risk.
Stock markets in Europe traded in fairly narrow ranges Monday as Germany's leader warned that Greece may not get its next batch of bailout cash. Chinese shares surged after authorities pledged to increase bank lending to entrepreneurs. Europe's stumbling efforts to get a handle on its debt crisis remains the focus of interest in the markets.
By most indications, the U.S. economy is recovering fairly well for the time being. But across the Pond in Europe, another story is unfolding that has the stock market worried -- and it should have your attention, too.
At this time last year, maybe you thought the economy would be a bit more gracious by now. No such luck. But as we reflect on the year that was, here are six financial lessons that 2011 taught us all.
At Thanksgiving, we remember the year's blessings and declare hope for the future. But if you're having a hard time swallowing that this year, we offer this recipe for cooking up 2011's most egregious financial news stories. Bon appetite!
The Atlantic Ocean is wide, but maybe not wide enough. On Thursday, markets had a mixed reaction to the deepening economic crisis in Europe. Some sources reported that the European Central Bank would step in. But in the U.S., small business owners are growing nervous.
Conceding a fragile global recovery and plodding job growth back home, President Barack Obama said Friday he is confident European leaders are fixing their ominous debt crisis that threatens to undermine the United States and his own shot at a second term.
Many European nations have deficits that make the U.S. look thrifty, and over a year after their problems came to light, they're still holding the worldwide recovery back. But because they share the euro, normal solutions aren't available, which means the EU must bite the bullet and accept an orderly default, or watch matters spiral downward.
Tiny Slovakia looked set on Tuesday to reject the expanded eurozone bailout upon which global investors were pinning their hopes -- and at this moment, the Slovak Parliament could veto the Continent's plan for economic salvation. How did it it come to this, and what could happen next?
American household incomes have fallen more since the recession ended than they fell during it, a new study reveals; EU leaders say they have a plan to solve the sovereign debt crisis; and Netflix has declared its big Qwikster plan dead on arrival.

Market Movers

SymbolLastChange / %Volume

Most Actives

BAC
Bank of America Corp
8.09-0.10
-1.16%
144.54M
ALU
Alcatel-Lucent (ADR)
2.19+0.25
+12.63%
92.86M
PBR
Petroleo Brasileiro S.A. (ADR)
29.64-2.35
-7.35%
23.01M
GE
General Electric Company
18.82-0.32
-1.65%
22.24M

% Gainers

CIE
Cobalt International Energy
32.67 +8.77
+36.69%
11.64M
LNKD
LinkedIn Corp.
89.23 +12.84
+16.81%
7.21M
ALU
Alcatel-Lucent (ADR)
2.19 +0.25
+12.63%
92.86M
WNS
WNS (Holdings) Limited (ADR)
10.56 +1.16
+12.34%
2.63M

% Losers

NBG-A
National Bank of Greece SA (ADR)
5.74-1.01
-14.96%
72,615
KV-A
K V Pharmaceutical Co. Class A
2.22-0.39
-14.94%
914,345
OSG
Overseas Shipholding Group, Inc.
10.26-1.57
-13.27%
1.16M
KV-B
K-V Pharmaceutical Co. Class B
2.29-0.34
-12.93%
2,179
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