Special Report: What is the Greek Debt Crisis, and What Does it Mean for Investors?

By Kerri Shannon, Associate Editor, Money Morning

With Greece on the brink of default - and hanging over the global economy like a financial sword of Damocles - investors the world over are asking themselves the very same question, day after day: Just what is the Greek debt crisis, and what does it mean to me?

It means a lot.

In fact, the Greek debt crisis could prove to be the first in a series of sovereign-debt defaults that could even infect the U.S. economy, tipping it into a "double-dip" recession and reprising the bear market of 2009.

In short, this crisis is one you need to watch and understand.

Given the stakes, we decided to work with our panel of global-investing experts and put together this Money Morning special report: "What is the Greek Debt Crisis, and What Does it Mean for Investors?"

Our goal was to provide you with answers to some of the key questions about the Greek debt crisis - how it started, what's actually taking place, how it could affect the U.S. economy, and how we expect it to play out.

And with the help of experts Keith Fitz-Gerald, Shah Gilani andMartin Hutchinson, we also answer the most important debt-crisis question of all: "What should you do about it?"

To continue reading, please click here.

Team Bernanke's QE17: A Glimpse of America in 2015 - Money Morning

BY MARTIN HUTCHINSON, Contributing Editor, Money Morning

At the end of last month, the U.S. Federal Reserve brought down the curtain on its $600 billion "quantitative easing" initiative, a U.S. Treasury-bond-purchase program that investors liked to refer to as "QE2."


Fed Chairman Ben S. Bernanke has indicated that he does not intend to carry out a follow-up "QE3" program.


But here's the reality: The U.S. federal deficit is running at about $1.6 trillion, meaning we need to sell a lot of Treasury bonds to finance the shortfall. So if the Treasury-bond market gets a case of "indigestion" - meaning there aren't enough buyers to fulfill our massive financing needs - many folks believe that Bernanke will have to step in with the-much-talked-about "QE3" bond-buying program.


But Ben, please be forewarned: If you do this, our future is clear ...

LATEST World News, Jul 07, 2011

Analyst: Gap Between World's Major Crudes Could Hit $40/Bbl Wall Street Journal The Nymex contract's discount has led many traders to conclude that Brent is more reflective ofglobal oil supply and demand. But the recent North Sea production problems, as well as surging investor interest in Brent, is causing the European contract ... See all stories on this topic »

SCIENCE News, Studies, Research, Technology, Jul 07, 2011

Is American Science in Decline? Boston Globe Judging by the never-ending stream of studies and discoveries touted by newspapers and magazines, American science is an unstoppable juggernaut. Unfortunately, according to economist, historian, and all-around rabble-rouser Philip Mirowski, ... See all stories on this topic »

Odds of Baby for Infertile Couples Still Very Low ABC News "IVF isn't a perfect technology," said Dr. James Grifo, director of the NYU Fertility Center. He was not connected to any of the studies presented in Stockholm. "We're still limited by nature and most embryos in nature don't make babies," he said. ... See all stories on this topic »

Genetic Variants Affect Diversity in White Blood Cell Counts Medscape July 6, 2011 — Ethnic diversity in white blood cell (WBC) levels is influenced by genetic variants at more than a dozen loci, according to 3 large genomewide association studies (GWAS) published online June 30 by the Public Library of Science. ... See all stories on this topic »

Shuttle was a versatile tool for science, exploration Journal and Courier The shuttles also docked with Russia's Mir space station, where US astronauts have conducted experiments, including studies on bone loss suffered by people living in zero gravity. Purdue has enjoyed a long and storied space shuttle history of its own. ... See all stories on this topic »

Can RIM recover? Macleans.ca His firm has said it is selling half of its RIM shares and Jarislowsky has publicly accused Balsillie of being distracted by his pursuit of NHL hockey teams and political science think tanks. And it's not just Jarislowsky complaining. ... See all stories on this topic »

EPA Biotech Regulation Bucks The Scientific Consensus Forbes (blog) The current proposal is an affront to sound science and responsible policymaking. Its adoption would leave intact unnecessary, costly constraints on the use of the most precise and predictable technology to develop products that are critical to ... See all stories on this topic » Forbes (blog)

Biolin Scientific acquires Sophion Bioscience Reuters (press release) APC technology is used for studies of ion channels. This is a growing area within pharmaceuticalresearch since the way ion channels function has a major impact on many diseases. Patch clamping technology was awarded the Nobel Prize in Medicine in 1991 ... See all stories on this topic »

Social scientist concerned at pressure from business groups. swissinfo.ch “Unless you conduct such major studies you cannot come up with useful findings about issues of poverty in society,” he said. By calling for research in the areas of the social sciences and humanities to be geared towards immediate application, ... See all stories on this topic » swissinfo.ch

BU MOU with Mexican Research Centre IBNLive.com All the programmes are approved by the National Council of Science and Technology. The MOU was signed by BU Vice-Chancellor, Dr C Swaminathan and Dr Jose Pablo Rene Asomoza Y Palicio, Director General, Cinvestav by which Professors, Masters Degree ... See all stories on this topic »

Cameras cut T-bone crashes Winnipeg Free Press Ward Vanlaar, the foundation's vice-president, who is also a statistician and criminologist who holds a doctorate in transportation science, called the results significant, as right-angle collisions are the accidents most likely to result in fatalities ... See all stories on this topic »

Experiment aboard shuttle Atlantis will test novel therapy to build bone ... EurekAlert (press release) "This proof-of-principle study will enhance our understanding of the science behind the sclerostin antibody and arm us with important research to support potential future therapeutic applications in both astronauts and patients suffering from bone loss ... See all stories on this topic »

You are what you tweet: Tracking public health trends with Twitter EurekAlert (press release) Identities of the tweeters were not collected by Dredze, a researcher at the university's Human Language Technology Center of Excellence and an assistant research professor of computerscience, and Paul, a doctoral student. ... See all stories on this topic »

Can a Pig Heart be Kosher? Religion Dispatches [However, given the novelty of the technology, there has not been a clear ruling issued on it from Muslim jurists.]” But jurisprudential issues are not so simple. Given the complexity of this issue, involving stem cell research, animal rights, ... See all stories on this topic »

A Climate Change Dissenter Who Has Left His Mark on US Policy New York Times His career as professor of meteorology at Massachusetts Institute of Technology is winding down. The rumpled, bearded, soft-spoken scientist no longer teaches regular classes and looks forward to a quiet retirement a year from now, perhaps at his ... See all stories on this topic »

Education notes Lexington Herald Leader TSA students integrate science, technology, engineering and mathematics concepts through co-curricular activities, competitive events and related programs. ■ West Jessamine High School arts students created a commercial for the 2012 Ford Focus through ... See all stories on this topic »

Okanagan College Media Release Castanet.net by UBC Okanagan - Story: 62826 Wisdom Tettey has been appointed as Dean of the Faculty of Creative and Critical Studies at the University of British Columbia's Okanagan campus. Tettey holds a bachelor's degree (Honors) in Political Science and Russian ... See all stories on this topic »

Transferable STEM credits offer easy transition Willcox Range News By Derek Jordan/wick communications SIERRA VISTA - In an effort to give students a more defined path toward a four-year degree, particularly in the areas of science, technology, engineering and math, the University of Arizona and Cochise College ... See all stories on this topic »

'Geeky' world of IT loses its appeal as a career choice Financial Times It is not misogynistic,” says Alicia Navarro, founder of Skimlinks, an online advertising technologycompany. It was never difficult being one of the rare women on her university computer sciencecourse or at technology companies, she says. ... See all stories on this topic »

FOROYAA Online - Young Women Christian Association (YWCA) Held Panel ... Foroyaa online The media, in all its forms, to be utilized to sensitise women and girls to embrace Science andTechnology. - Both the urban and rural women and girls should benefit from Science andTechnology. - Research has shown that educated and trained women and ... See all stories on this topic »

Ancestors' relics displayed at Joseon archive The Korea Herald The institute received 10 billion won from the Ministry of Education, Science and Technology for a five-year research project based on the materials of Jangseogak. By Claire Lee (dyc@heraldm.com) See all stories on this topic »

For Mexicans Looking North, a New Calculus Favors Home New York Times The Technological Institute of Arandas, where Angel studies engineering, is now one of 13 sciencecampuses created in Jalisco since 2000 — a major reason professionals in the state, with a bachelor's degree or higher, also more than doubled to 821983 ... See all stories on this topic »

Regional energy forum opens in Amman Petra News Agency The forum is organized by The Arab Institute for Security Studies (ACSIS), in partnership with the Konrad Adenauer Stiftung and the Energy Research Programme - Higher Council for Science andTechnology. The forum , which was inaugurated by Minister of ... See all stories on this topic »

UNL grad to work in Turkey on Fulbright Lincoln Journal Star Cori Curtis of Milford majored in international studies and political science and is UNL's eighth Fulbright since this spring. Curtis credits a class he took as a freshman for sparking his interest in Turkey. The communication studies course features a ... See all stories on this topic »

Wave energy test project launched Times of Malta A project which aims to convert wave energy into electricity was officially launched this morning at the Malta Council for Science and Technology in Bighi. The project, by the private company Dexawave Energy Malta, a consortium between Dexawave Denmark ... See all stories on this topic »

Developing Bone Graft Materials from Corals and Coral Sands Azom.com Chou, who undertook his undergraduate, honours and PhD studies at UTS, says his success as a researcher in the field of biomaterials has been driven by something bigger than just an interest in science. "My mother suffers from osteoporosis, ... See all stories on this topic » Azom.com

Is PRP a Passing Trend or the Future of Sports Medicine?: 4 Physician Responses Becker's Orthopedic & Spine (press release) Companies will have to help pay for the studies — which is the problem in orthopedic and sports medicine research to begin with. If you feel like what you are doing is the right thing and there's enough science behind it in a non-academic setting, ... See all stories on this topic »

Virginia Space Grant Consortium To Use Krucible for STEM Education T.H.E. Journal "Krucible has already been integrated into our summer academy curriculum and it is now being embedded in our 2012 online course as well," said Amber Agee-DeHart, Virginia Aerospace Scienceand Technology Scholars program manager. ... See all stories on this topic »

Technology and Inequality Project Syndicate Indeed, computer-grading of essays is a surging science, with some studies showing that computer evaluations are fairer, more consistent, and more informative than those of an average teacher, if not necessarily of an outstanding one. ... See all stories on this topic »

The Courtauld Institute of Art Expands into the Arts of Asia with New Research ... Art Daily However, after the Second World War and the development of the School of Oriental and AfricanStudies (SOAS), it began to concentrate solely on the Western tradition. Mariet Westermann, Vice President, Andrew W. Mellon Foundation, stated: “In our time, ... See all stories on this topic »

Sweet Home plans double periods for core subjects in middle school Buffalo News Students will flip daily between one and two 37-minute periods in math, science, social studies and English, according to Kelly Corcoran, an eighth-grade science teacher and committee member. “There will be more time for them to really engage, ... See all stories on this topic »

Thank this doc for the episiotomy you won't have parentcentral.ca And in the past three months alone, he has published (with colleagues) four major birth-relatedstudies. What drives his research is his concern about mothers and babies. He is alarmed by the rising maternal mortality rate (the result of increased ... See all stories on this topic »

Toyota given the green light Cambridge Times Ontario Minister for Training Colleges and Universities John Milloy, left, TMMC chair Ray Tanguay, centre, and Cambridge MP and Minister for Science and Technology Gary Goodyear pose for the cameras following Tuesday's funding announcement at Toyota's ... See all stories on this topic »

Do cops need a warrant to plant a GPS tracker in your car? ExtremeTech By Bill Howard on July 6, 2011 at 12:20 pm Technology makes it easier to be a police officer on stakeout: Plant a GPS tracker under the bad guy's car and you know his, or her, every move. The cops can make a doughnut run without worrying Al Capone Jr. ... See all stories on this topic » ExtremeTech

2010-2011 Season of Exploring Critical Issues to Rerun This Summer Media Newswire (press release) Joining Dr. Scott are panelists: Dr. Ellen Kowalski, Associate Professor of Physical Education and Human Performance Science, Adelphi University; Dr. Robert Otto, Professor and Director of the Human Performance Laboratory, Adelphi University; ... See all stories on this topic »

Former professor Jones forms left-wing Tea Party The Daily Princetonian During the 2010-11 academic year, Jones served as a distinguished visiting fellow in both the Center for African American Studies and the Wilson School's Program in Science, Technology and Environmental Policy. Jones' movement launched earlier this ... See all stories on this topic »

Can Anyone Create a Hacker-proof Cyberspace? Knowledge@Wharton "As the Internet becomes central to more peoples' lives, security becomes increasingly important," says Wharton professor of legal studies and business ethics Kevin Werbach. New wireless and mobile applications add to the volume of information that can ... See all stories on this topic » Knowledge@Wharton

The EFSA is doing traceback of E. coli contaminated fenugreek seeds imported ... Biofortified It had never been subject to peer-review which is the standard ethical process for primary investigational studies. Again unfortunately, the scientist writing the letter reported in the SMH failed to note that the Austrian study that they cited has in ... See all stories on this topic »

MIT studies aircraft collision system - Science & Technology News ... Breaking science news and updates from around the world. ... The FAA has asked Massachusetts Institute of Technology researchers to create an algorithm for ... https://www.arcamax.com/technology/technews/s-912014

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SPORTS, Athletics News, Jul 07, 2011

Today and Thursday's Sports Calendar
Daily Comet
Athletes who participated in a sport at South Lafourche last year will receive athletic packets on the night of the physicals. July 18-19. Vandebilt Catholic's football coaching staff will host its third annual youth football clinic on July 18-19 at ...
See all stories on this topic »

EUROZONE Debt Crisis News, Jul 07, 2011

COUNTDOWN: The Next Known Milestones In Greece's Debt Crisis Wall Street Journal As Moody's Investors Service Inc.'s slashing of Portugal's credit rating underlines, Greece's problems are part of a wider euro-zone debt crisis. But it is Greece that is closest to the brink of default. After two successful parliamentary votes that ... See all stories on this topic »

NEW ZEALAND Winter, Ski Resorts, Jul 07, 2011

Queenstown revels in new snow
Voxy
Skiers and snowboarders in Queenstown, New Zealand, are rejoicing as the snow falls and falls and falls in the mountains surrounding the South Island resort town. The snowstarted yesterday (Wednesday 6 July) bringing freezing temperatures and snow to ...
See all stories on this topic »

Australia set to win Winter Olympic gold Sydney Morning Herald (blog) And the predicted metre of snow in a week is on target after another pounding blizzard overnight. New Zealand has also finally scored the goods, bringing a smile to the furrowed brows of a snow industry that thought Mother Nature had forgotten them ... See all stories on this topic » Sydney Morning Herald (blog)

Winter Games NZ Slopestyle Takes on New Dimension | Transworld ... By Forrest Davis New Zealand played a key role in ensuring a positive outcome for the addition of slopestyle. Snow Sports NZ, in conjunction with Winter Games NZ, staged the first-ever FIS ski slopestyle competition during the FIS Snowboard & Freestyle Junior World Championships. It was this event that played a ... The on-snow competition will take place at Coronet Peak, Cardrona Alpine Resort, Snow Park NZ, Snow Farm and Mt Hutt with the ice sports taking place at Naseby and Dunedin. ... Transworld Snowboarding» - |...

Queenstown revels in new snow | infonews.co.nz New Zealand's local ... By Destination Queenstown Skiers and snowboarders in Queenstown, New Zealand, are rejoicing as the snow falls and falls and falls in the mountains surrounding the South Island resort town. The snowstarted yesterday (Wednesday 6 July) bringing freezing ... Forecasts predict a storm pattern that is expected to continue into next week, dumping snow on the picturesque Southern Alps ski areas. Coronet Peak, The Remarkables and Cardrona ski areas all report snowy conditions today as part of the wintry ... infonews.co.nz All news

Romancing the snow By admin Badal Bhatt saw snow for the first time when he went to New Zealand three years ago. He returned to Australia to visit the winter wonderland called Lake Mountain, and fell for the toboggan slopes. Now Badal is a regular skiier at Mt ... Indian Link, Linking Indians...

Burton New Zealand Open 2011 - // Brown Bear Ski & Snowboard New ... By Brown Bear As usual, the Burton Global Open Series will kick off in New Zealand this year. The prestigious event which marks the beginning of the 2012 TTR World Snowboard Tour will be hosted at Cardrona Alpine Resort near Wanaka and run from 8 August till 13 August 2011. ... A must-see for snow enthusiasts, you can come along to the Burton New Zealand Open for free (best viewing for certain events requires a lift pass). Check out the pros and get some inspiration for your own moves! ... Brown Bear Ski & Snowboard New Zealand

Three NZ ski areas open with manmade snow - ESPN.com NZ's Mt Hutt, Coronet Peak, Snow Park NZ open for the winter season. sports.espn.go.com/action/freeskiing/news/story?id=6716292

South American And New Zealand ski areas Suffering From Lack of Snow Home · Browse Snow Ski Resorts and destinations · Compare Resorts ... News and Events » South American And New Zealand ski areas Suffering From Lack of Snow ... www.freshpeaks.com/article-south-american-and-new-zealand...

Two More New Zealand Ski Areas Ready to Open | First Tracks ... Queenstown, New Zealand - Following a delayed start, two more New Zealand skiareas are scheduled to open for the season Thursday morning when both Coronet. www.firsttracksonline.com/.../two-new-zealand-ski-areas-open...

resorts open in New Zealand - Ski Club of Great Britain Although Coronet Peak received a light dusting of snow on Saturday 2 July, all New Zealand's open ski areas are in need of more to increase the mountain ... www.skiclub.co.uk/skiclub/news/story.aspx?storyID=8242

Ski New Zealand - Coronet Peak opens thanks to snowmaking but with ... Mr McCrostie said the ski area's 211 snowguns had been blazing as much as temperatures ... The Air New Zealand Holidays Mountain Mayhem day will go ahead as... www.newzealandski.co.nz/new-zealand/ski-detail/.../532/

New Zealand Ski and Snow Reports, Webcams, Weather, & Ski Resort info The definitive guide to skiing New Zealand & snow reports; ski resort info, ski packages, transport & accommodation for your New Zealand ski holiday. snowreports.co.nz/new-zealand/news/index.cfm/.../1012/

PlanetSKI | News | As NZ opens there is more snow in Oz More NZ resorts open - Coronet Peak has opened for skiing and snowboarding and.. . First volcanic ash - now no snow - The Argentine ski resorts were affected ... www.planetski.eu/news/2896

Snow Park NZ to Open Thursday – Snow Park NZ -Snow Park NZ Snow Park NZ is set to be the first ski and snowboard area in the Southern Lakes to open for the 2011 season, with opening scheduled for tomorrow, ... www.snowparknz.com/latest.../snow-park-nz-to-open-thursda...

SNOW & SNOWMAKING for NZ at Last | News and Features | Mountainwatch New Zealand's North Island snow resorts are experiencing their first big snowstorm of the winter and conditions at the South Island snowfields are finally ... www.mountainwatch.com/.../SNOW---SNOWMAKING-for-N...

Weather News - Ski resorts expecting up to 60cm of snow Victoria's Alpine areas are expecting up to 60 centimetres of snow over the next few days ... Forecast Soundings · International Charts · New Zealand Charts ... www.weatherzone.com.au/news/ski-resorts...up-to.../17926

Mt Hutt first to open in NZ | Australian Ski News - Snow reports! newzealand: 27-6-2011 Canterbury's Mt Hutt ski area will become the first ski area to... The other trails do not yet have sufficient snow coverage to open, ... ski.com.au/cgi-bin/admin/news/vnews.pl?ad=-102284...

New Zealand Snow No Show = No Jobs Figure 1 - NZ Skifield status. Graphic from New Zealand Herald. ... towns and resortsthat rely on 'snow tourism' for their livelihoods. ... www.skepticalscience.com/New-Zealand-Snow-No-Show-No-...

Best Winter Weekend Escapes in Australia and New Zealand The ultimate resort town and ski gateway in New Zealand is, without question, Wanaka. Have a go at Cardrona Alpine Resort, Snow Park, Snow Farm and Treble ... blog.hotelclub.com/best-winter-weekend-escapes-in-australia-a...

Coronet Peak in NZ Opening with Limited Snow - Ski Coronet Peak Ski Area in New Zealand will be open June 30 but only open with limited man-made trail snow only. Coronet Peak, like many resorts in New ... www.theskichannel.com/.../Coronet-Peak-in-NZ-Opening-with...

Snow Park NZ open! Snow Park NZ Open! Snow Park NZ is due to be the first ski and snowboard area in the Southern Lakes to open for the 2011 season, after it opened yesterday ... www.natives.co.uk/go/news/snow-park-nz-open.html

Cheap Ohakune accommodation? – Ski & Board General – Snow.co.nz Forums Snow.co.nz ... weather, cams, video and photos for all New Zealand ski fields. ... Ski Areas. Trail Maps, Ticket prices, Accommodation guide and travel info ... snow.co.nz/forum/ski-snowboard/2135/

Oz Gets Best Of Early-Season Snow - OnTheSnow The Mt. Ruapehu resort of Whakapapa has 45cm of snow is and due to open July 2.New Zealand is a first-class skiing destination with good resorts, mostly on ... www.onthesnow.co.uk/.../a/.../oz-gets-best-of-early-season-sno...

Las Conchas Fire In New Mexico Threatens Pajarito Ski Area - OnTheSnow The huge Las Conchas fire in Northern New Mexico is licking at the heels of Pajarito Ski Areas and the national nuclear facility at Los Alamos. www.onthesnow.co.nz/.../las-conchas-fire-in-new-mexico-thre...

6 of the Best - NZ Resorts New Zealand is the epicentre for southern hemisphere snowsports attracting the ...The skifields of Turoa & Whakapapa interconnect on the southern slopes of ... pistehors.com/news/forums/viewthread/945/

Mt Hutt Ski Area first to open in New Zealand - Press Release ... Queenstown's Coronet Peak ski area will open tomorrow (Thursday June 30) for the 2011 winter season thanks to the hard work of its snowmaking and grooming ... www.southernpr.co.nz/press_release.php?id=1025

Queenstown revels in new snow Coronet Peak, The Remarkables and Cardrona ski areas all report snowy ... fall heralds promising snow cover for the New Zealand school holidays which start ... www.voxy.co.nz/lifestyle/queenstown-revels-new.../94412

Queenstown revels in new snow | infonews.co.nz New Zealand's local ... Coronet Peak, The Remarkables and Cardrona ski areas all report snowy ... fall heralds promising snow cover for the New Zealand school holidays which start ... infonews.co.nz/news.cfm?id=70533

More Ski Areas Re-open in Alps and US as Southern Hemisphere Ski ... In Austria five glacier ski areas are open but with diminishing snow pack and ... Peak inNew Zealand's failure to open as planned, due to inadequate snow ... www.skiinfo.com/.../more-ski-areas-re-open-in-alps-and-us-as...

New Zealand Ski Resort Map Find the location of ski resorts in New Zealand. ... New Zealand Resort Locator. View Another Region. / New Zealand. Overview · Snow Report · Ski Deals ... www.onthesnow.com.au/new-zealand/map.html?client...

South Pacific Ski Resorts - Ski & Snow - Yahoo! Travel More Ski Resorts. •, South Pacific Ski Resorts. Hotel Guide. •, South Pacific Hotels ...Select a State/Area -, Australia, New Zealand. - All Resorts - ... travel.yahoo.com/p-ski-40437580-south_pacific_ski_resorts-i

TTR - Snow Skiing Channel: Ski, Snow, Resorts Guide, Area Guides ... Subscribe to Snow Skiing Channel: Ski, Snow, Resorts Guide, Area Guides, ... The Burton New Zealand Open, taking place from August 9 to 13, is considered to ... www.snowskiing.com/blog/tag/ttr/

Best Winter Weekend Escapes in Australia and New Zealand | Hotel ... The final resort town and ski gateway in New Zealand is, without query, Wanaka. Have a go at Cardrona Alpine Resort, Snow Park, Snow Farm and Treble Cone ... hotelshelborne.com/best-winter-weekend-escapes-in-australia-...

Ski Paradise: Where To Ski This Week In Europe more glacier ski areas are opening in Italy and Switzerland, ... Things are gradually improving in New Zealand with some fresh snow at last with ... nieveyalgomas.blogspot.com/.../where-to-ski-this-week.html

email: info@als-alexander.org or interalex2@gmail.com