"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Saturday, December 31, 2011

UK Bonds Best in World; Eurozone crisis continues

UK Bonds Prove Best in World as Cameron Sidesteps Stresses in Euro Area
Bloomberg
“Gilts are doing well because Britain is not in the euro zone,” Russell Silberston, a money manager at Investec Asset Management Ltd. in London, said in a Dec. 19 telephone interview. “The UK may not be in a much better shape than countries in that...

Bloomberg

Three big questions for the eurozone
BBC News
In 2012 however, the shape of the crisis is heavily predetermined: there are a series of crucial stages the eurocrisis has to go through and the way they're resolved will affect everything else. Is the ECB's unofficial money printing operation - a ...

Finance minister: eurozone not in danger
The Local.de
German Finance Minister Wolfgang Schäuble has struck an optimistic tone for 2012, insisting the eurozone is in no danger of breaking up and that Europe will get its back-breaking debt situation under control. In an interview with the Handelsblatt ...

The Local.de

US stocks escape worst of eurozone crisis
Financial Times
Despite a gut-wrenching August, when 4 per cent daily moves in the S&P 500 briefly became the norm, US stocks have escaped the worst of the eurozone crisis. The FTSE All World Index was set to end the year down 10 per cent. Once dividends are factored ...

Euro Crisis In Focus As Denmark Takes EU Presidency
RadioFreeEurope/RadioLiberty
Just like last year, the eurozone's travails are likely to continue to grab the headlines in 2012 and another make-or-break summit has already been called for January. This coming spring will see tough negotiations on the fine details of the new fiscal ...

RadioFreeEurope/RadioLiberty

Euro zone debt crisis weighs on Gulf stocks
Arab News
By ABDUL JALIL MUSTAFA AMMAN: Arab stock markets suffered extensively in 2011 mainly due to the Arab Spring uprisings, global recovery concerns and the euro zone sovereign debt crisis, financial analysts said Friday. The loss ranged between 3.06 ...

Italian prime minister Mario Monti calls for unity to save the eurozone
Gant Daily
Rome, Italy (AHN) – Italian Prime Minister Mario Monti announced his new government has plans to get Italy out of its recession while calling on other nations to mount a “united response” to the eurozone debt crisis. Monti made the statements at the ...

Eurozone woes, slower export growth, stronger won may affect financial markets
The Korea Herald
In 2011, the eurozone debt crisis was the undisputed prime culprit in putting a dampener on the Korean economy. As the country rings in the new year, hopes are ripe that things will be different; unfortunately, the theme of 2012 might be ...

Spain Financial Crisis
The Associated Press
Spain's civil servants could be on the chopping block, as the country's cabinet is dealing with the huge budget deficit. The cabinet is expected to approve the first in a series of spending freezes and cuts. (Dec. 30)

Germany, France Kick Off Heavy Euro-Zone Bond Issuance In 2012
Wall Street Journal
By Emese Bartha FRANKFURT (Dow Jones)--German and French government bond issuance next week will kick off another busy year in the euro zone, leaving no breather after Italy's bond auction Thursday. The single currency area looks to start 2012 ...

Euro crisis casts a pall of gloom
Irish Times
Worse still, as the year ends, the real economies of Ireland and Europe appear to be stagnating – if they are not already in recession – and the euro crisis has become so severe that the currency's very existence is in question. ...

FTSE 100 loses 5.5% in 2011 as eurozone crisis unnerves investors
The Guardian (blog)
The decline accelerated during the summer as the scale of the eurozone's problems became apparent, with Italy and Spain following Greece onto the sick list and politicians seemingly unable to come to an agreement on how to tackle the situation. ...

Eurozone Roundup: Despite Greek Doom, Some Positive Developments
Seeking Alpha
Despite the gloom from Greece, there are positive developments from other areas of the shell shocked eurozone. Italy was able to raise $3.3 billion on a 10-year bond auction today, paying 6.98 percent. Although this is still extremely close to the ...

Tips For Investors: What Awaits Euro if Eurozone Collapses?
«Market Leader» - news and previews making you rich.
Over the last few weeks the mass media have been publishing various forecasts for the destiny of the eurozone and its currency. The experts are trying to answer the questions: What awaits the common currency if some eurozone members leave Europe's ...

«Market Leader» - news and previews making you rich.

Commodities Look to US Growth to Offset China Slowdown, Eurozone Fears
Resource Investing News
Worries about the Eurozone's outlook and its spillover effect on the global economy, coupled with a slowdown in China's growth, are leading copper to post its first year-on-year decline since 2008 when the Lehman Brothers' fallout shocked markets ...

Resource Investing News

Antidepressant use up 25% since financial crisis began
AOL Lifestyle UK
By Jennifer Barton, Dec 30, 2011 Financial woes and job worries due to the financial crisis have people reaching for the bottle - of antidepressants - according to a new study by The Co-operative Pharmacy. Almost 50million prescriptions for ...

Eurozone money supply growth slows
Malaysia Star
FRANKFURT: Growth in eurozone money supply, a key indicator of demand in the economy, slowed again in November, according to the European Central Bank. The M3 indicator rose 2% last month, following a gain of 2.6% in October. The slowdown was steeper ...

INTERVIEW: Still waiting for "radical reorientation" in eurozone
Monsters and Critics.com
Q: Why is your outlook for the eurozone significantly more pessimistic than other forecasters'? Hatzius: We are seeing the recession already in economic indicators, for example, in business sentiment surveys. The conditions in capital markets are still ...

ECB Coene: Don't Count On ECB To Prop Up Euro Zone-Report
NASDAQ
AMSTERDAM -(Dow Jones)- Europe can't rely on the European Central Bank to play the role of savior in the euro-zone debt crisis through large-scale government bond purchases, the ECB's governing council member Luc Coene said in an interview with Belgian ...

Eurozone has fiscal hoops to clear in 2012
Newsday
Click here Eurozone has fiscal hoops to clear in 2012 Published: December 29, 2011 6:48 PM By DAVID McHUGH The Associated Press After a turbulent 2011, the 17 countries that use the euro will be quickly confronted in the new year with major hurdles to ...

Newsday

Top 10 Stories From 2011
Forbes
Eurozone eurozone eurozone. The eurozone debt kerfuffle, amazingly, turns three early in 2012. So far, it appears the many rumors of the eurozone's demise have been exaggerations. The long-term outlook for the euro's existence may be a question mark, ...

Denmark makes money on safe haven loans
euronews
http://www.euronews.net/ The eurozone's loss is Denmark's gain. So desperate are investors to find safe havens away from the eurozone debt crisis that they are paying the Danish government to lend it money. Denmark is offering negative interest rates ...

FOREX WEEK AHEAD: Focus On French Bond Auctions
Wall Street Journal
Thursday's auctions, along with a German sale Wednesday, will be the year's first test of borrowing conditions, as a potential euro-zone recession threatens to further roil debt markets. Italy, Spain and other "peripheral" euro-zone members have found ...

Leadership Lesson for the Eurozone: The Rule of Small Groups
CFA Institute Enterprising Investor (blog)
Imagine the many groups that financial professionals encounter in their careers — boards of directors, investment committees, the G-20, and even the eurozone, to name just a few — and how important it is that these groups function and make decisions ...

CFA Institute Enterprising Investor (blog)

Record 137500 to go broke in 2012 - how to fix your financial crisis
Mirror.co.uk
A RECORD 375 people a day will go broke next year as unemployment soars, debt experts predict. If the grim figures prove correct, the 137500 total would be 10% up on this year and 2400 more than 2010. Yet the Insolvency Service, which helps struggling...

Mirror.co.uk

Gold nears 6-month low on euro zone fears, stocks rise
Arab News
By REUTERS NEW YORK: Gold prices fell on Thursday to their lowest level in nearly six months as tight liquidity in the euro zone forced investors to sell the metal, but strong US economic data prompted a stock rally on Wall Street. to ease concerns ...

Instapundit » Blog Archive » EUROPE: Eurozone credit crunch fears ...
By Glenn Reynolds
EUROPE: Eurozone credit crunch fears on M3 money contraction. “Europe is at mounting risk of a fresh credit crunch after the eurozone money supply contracted for a second month in November and the volume of private loans began to ...
Instapundit

The Eurozone Crisis For Dummies
By Simone Foxman
Our second edition guide to all the European craziness.
Clusterstock

THE ASTUTE BLOGGERS: BBC POLL OF ECONOMISTS ...
By Reliapundit
BBC POLL OF ECONOMISTS: EUROZONE TO FALL INTO RECESSION IN 2012. The vast majority of leading economists polled by the BBC believe recession will return to Europe next year. One fifth said the eurozone would not exist in its ...
THE ASTUTE BLOGGERS

Financial Crisis Script for 2012 :: The Market Oracle :: Financial ...
Financial Crisis Script for 2012 :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website.
The Market Oracle

What's Behind the Euro Crisis and How Will It End? | Antony P ...
By Antony P. Mueller
While the pronouncement of the “euro crisis” has become a main topic in the newsrooms and while a plethora of pundits hasn't got tired of predicting the end of the common European currency, the facts tell a different story. By the end of 2011 ...
Financial Sense

Architects of EU disasters in charge again — RT
By RT
The debt-stricken eurozone is set to enter 2012 in a gloomy mood with Italy's borrowing costs remaining near the 7 per cent danger zone. The Italian PM has pledged more efforts to revive the ailing economy in his end-of-year speech.
News RSS : Today

German minister: will stabilize eurozone in 2012eShareholder ...
By Yahoo! Finance: Top Stories
BERLIN (AP) -- Germany's finance minister says he is confident that Europe's politicians will manage to stabilize the eurozone in 2012 and keep the continent's common currency together. Wolfgang Schaeuble acknowledged in an interview ...
eShareholder

Mark Reardon: Paul Ryan, America's financial crisis, Ted Nugent ...
By Willie Springer
Mark talks about the government's inconsistencies, Congressman Paul Ryan, America's financial crisis, and the one and only Ted Nugent today!
CBS St. Louis

Asia shines as 2011 ends under eurozone cloud - InterAksyon.com
By Stephen Coates, Agence France Presse
The sight of French President Nicolas Sarkozy running to Beijing to solicit funds to save theeurozone summed up what for some was the economic story of 2011 -- Asia's boom versus the West's gloom.
Interaksyon.com

German Finance Minister Schaeuble: Says will have risk of ...
Reuters reporting. Rules out euro zone break-up for now Sees no indication of a credit crunch Reiterates ESM rescue mechanism implementation to be.
ForexLive

German finance minister Wolfgang Schaeuble says eurozone ...
By RSS Feed
“The talk of bazookas and the like only leads to us not tackling sustainably the causes of the crisis,” Mr Schaeuble was quoted as saying. The eurozone will quickly face new challenges in 2012, with both Italy and. Spain needing to borrow ...
Clearing and Settlement — Clearing...

The Eurozone Crisis Will Not Go Away until Banks Face Reality ...
By plushq
The Eurozone Crisis Will Not Go Away until Banks Face Reality. Posted on December 30, 2011 by plushq. This week's Fall Through the Cracks Friday article is an article by former FDIC Chair, and keynote for the upcoming PLUS D&O ...
PLUS Blog

Eurozone Faces Headwinds In Early 2012
FRANKFURT, Germany -- After a turbulent 2011, the 17 countries that use the euro will be quickly confronted in the new year with major hurdles to solving their ...
www.huffingtonpost.com/.../eurozone-2012_n_1174226.html...

Friday, December 30, 2011

2012: Make or Break for the Eurozone [VIDEO]


2012: Make or Break for the Eurozone [VIDEO]
2012: Make or break for the euro zone
Reuters Video
29 - The euro zone debt crisis spread from the periphery to the core in 2011, as austerity and social unrest grew and governments fell. With Europe now looking to move towards closer to fiscal union, analysts say 2012 will be make or break for the ...

Eurozone Faces Tough Hurdles in 2012
TIME
29, 2011 (FRANKFURT, Germany) — After a hugely-turbulent 2011, the 17 countries that use the euro will be quickly confronted in the new year with major hurdles to solving their government debt crisis, just as the eurozone economy is expected to sink ...

Lending to Euro-Zone Private Sector Slows
Wall Street Journal
By WILLIAM LAUNDER And MARGIT FEHER FRANKFURT—Lending to the euro zone's private sector fell in November to its lowest rate in over a year, a sign that economic activity in Europe is poised to remain depressed and that the European Central Bank may ...

Eurozone crisis live: Italy tests market confidence with €8.5bn debt auction
The Guardian
Seperately, the M3 measure of money supply in the eurozone dropped sharply last month (according to European Central Bank data). That, according to Howard Archer of IHS Global insight, will: reinforces belief that underlying Eurozone inflationary ...

The Guardian

Euro zone concerns set to weigh on Nikkei
Reuters
TOKYO, Dec 29 (Reuters) - Japan's leading index is seen falling on Thursday ahead of an Italian debt sale after US and European shares fell overnight on renewed concerns over the euro zone sovereign debt turmoil. Nikkei average was likely to trade ...

Eurozone credit crunch fears on M3 money contraction
Telegraph.co.uk
Europe is at mounting risk of a fresh credit crunch after the eurozone money supply contracted for a second month in November and the volume of private loans began to shrink. Credit to households and business on a month-to-month basis it has been flat...

Telegraph.co.uk

Eurozone faces tough hurdles early in 2012
Newsday
Nation Newsday > News > Nation Eurozone faces tough hurdles early in 2012 Originally published: December 29, 2011 3:53 AM Updated: December 29, 2011 8:32 AM By The Associated Press DAVID McHUGH (AP Business Writer) FRANKFURT, Germany - (AP) -- After a ...

Newsday

JGBs steady as euro zone concerns support bids
Reuters
The benchmark 10-year yield is poised for its second straight year of declines largely as the euro zone debt crisis and the global economic slowdown have boosted the safe-haven appeal of JGBs. Market players expect that to continue next year, ...

Wall Street ends 5-day rally on renewed euro-zone concerns |
Reuters
By Angela Moon | NEW YORK (Reuters) - US stocks fell more than 1 percent on Wednesday after a hefty year-end rally and the S&P 500 erased gains for the year on renewed concerns about the euro zone's financial health. The selloff followed the euro's ...

Despite euro crisis, Germans hopeful for 2012: Poll
Economic Times
BERLIN: Despite the storm clouds over the eurozone, one German in two is looking to 2012 with more hope than fear, a poll published Thursday indicated. The survey in Europe's top economy by independent opinion research institute Allensbach showed 49 ...

Eurozone faces tough hurdles early in 2012
Newsday
Click here Eurozone faces tough hurdles early in 2012 Originally published: December 29, 2011 3:53 AM Updated: December 29, 2011 4:47 AM By The Associated Press DAVID McHUGH (AP Business Writer) (AP) -- After a turbulent 2011, the 17 countries that use ...

Newsday

Asian Stocks Mixed On Euro Zone Concerns
RTT News
(RTTNews) - Asian stocks swung between gains and losses before closing on a mixed note Thursday as worries that several EU banks are facing severe funding problems kept investors at bay. A downturn on Wall Street overnight and falling commodity prices ...

Bonds rise on eurozone debt uncertainty
Sydney Morning Herald
Australian bond prices rose towards record highs as uncertainty around eurozone growth and debt supported demand for fixed income assets amid quiet conditions. At 1630 AEDT on Thursday, the March 10-year bond futures contract price was 96.240 (implying ...

Britain and the eurozone: friends in need
The Guardian
Yet the N-word has been bandied around a lot in the past couple of weeks in a row between George Osborne and his counterparts in the eurozone over whether Britain should contribute to an IMF war chest. Two things should be said about this battle. ...

Euro zone M3 money supply grows less-than-expected
Moneycontrol.com
Forexpros - Pros – The euro zone's M3 money supply grew less-than-expected in November, official data showed on Thursday. In a report, the European Central Bank said M3 money supply in the single currency bloc rose at annualized rate of 2.0% in ...

Non-euro Denmark takes over European Union amid euro crisis
Economic Times
COPENHAGEN: Non-euro country Denmark takes over the European Union presidency Sunday, determined to solve the crisis in the 17-member eurozone by cultivating consensus among all 27 EU members. The Scandinavian nation of 5.6 million, one of the few ...

Eurozone Facing Recession Hurdles in New Year
Christian Broadcasting Network
European leaders will face major hurdles trying to solve their debt crises in the New Year as theeurozone economy appears headed for a recession. European countries are trying to shore up their weak banks to prevent a financial crisis that could ...

Financial crisis alludes to problem with capitalism
The News International
The speakers highlighted that soon after the claims of End of History with the liberal economy as final destination of mankind in the field of economics, the world was shaken by the worst financial crisis. Identifying the factors that had contributed ...

JGBs steady as euro zone concerns spur bids
Reuters
Players expected the euro zone's debt woes to underpin demand for JGBs, helping to counter fears that the uncertain outlook for a sales tax hike in Japan could spur yield rises. * The yield curve bear-steepened on Wednesday as yield rises in superlongs ...

RUTH SUNDERLAND: New Year, but no resolution to eurozone woes
This is Money
By Ruth Sunderland Next year ought to make or break the single currency, but that assumes a neat binary opposition that does not exist in the messy and prevarication-prone world of eurozone politics. Past performance, as they say in investment circles,...

This is Money

Sefton taxpayers' millions at risk to Eurozone financial crisis
Crosby Herald
SEFTON Council has £50m of taxpayers' money exposed to the current financial crisis, according to a council report. Currently stored in a number of banks, there are concerns that more problems in the Eurozone could put some of the funds in jeopardy. ...

Banks 'must prepare' for eurozone changes
China Daily
By Wang Xiaotian (China Daily) BEIJING - Chinese banks should prepare technically and strategically for a partial break-up of the eurozone, said an analyst at Bank of China Ltd (BOC) on Wednesday. The biggest risk for Chinese lenders lies in ...

China Daily

Gold Price Hits 6-Month Low, Flirts with "Lehman's Uptrend", on Eurozone ...
BullionVault
s all-time Dollar high – on what dealers called "long liquidation" and "pressure" from the Eurozonedebt crisis. New tax laws in Japan were also blamed for forced sales during Asian trade, as Gold Bullion retailers must report physical transactions ...

Dollar And Yen Steady After Surging Up On Eurozone Worries
NASDAQ
The Eurozone M3 money supply for November and the Italian business confidence for December are slated for release in the European session. The US pending home sales for November, weekly jobless claims for the week ended December 24 and the Chicago PMI ...

Top 10 business stories of 2011
The Guardian (blog)
The eurozone debt crisis dominated the business year in 2011, with the huge appetite among readers for every twist and turn of the unfolding crisis reflected in the popularity of our daily live blogs. These accounted for five of our top 10 most-read ...

Angela Merkel's economic adviser Weder di Mauro refuses to rule out eurozone break-up ...
Telegraph.co.uk
One of German Chancellor Angela's Merkel's economic advisers, Beatrice Weder di Mauro, has refused to rule out a break-up of the eurozone, in an interview published on Thursday. By Andrew Trotman Ms Weder di Mauro, a member of the German Council of ...

Telegraph.co.uk

Tata Steel hits 52-week low on euro-zone debt worries
India Infoline.com
On BSE, 1.81 lakh shares were traded in the counter as against an average daily volume of 12.52 lakh shares in the past one quarter. The stock had hit a low of Rs 341.35 so far during the day, which is also a 52-week low for the counter. ...

Some Things I Missed Before the Financial Crisis
Cato @ Liberty
I take some pride, but little satisfaction, from having tried to fix several of the systemic flaws that ultimately led to the financial crisis. I also was fortunate to spend that time serving under Senate Banking Committee leadership that was more ...

Eurozone crisis: Will the Full Monti 'Save Italy'? — RT
By RT
Italy's premier has promised a new package of measures to start the country's sluggish economy. But can Mario Monti's technocratic approach rescue the eurozone's third-largest economy, which finds itself at the heart of the European debt ...
News RSS : Today

Merkel Economic Advisor Does Not Exclude Eurozone Break Up
By admin
She also warned that unless the financial crisis is intercepted quickly, it can lead to a recession in Germany, with the economy contracting 0.5%, and leading to an increase in unemployment. Finally, she made it all too clear how Germany ...
Prison Planet.com

Eurozone Faces Headwinds In Early 2012
By The Huffington Post News Editors
FRANKFURT, Germany -- After a turbulent 2011, the 17 countries that use the euro will be quickly confronted in the new year with major hurdles to solving their government debt crisis, just as theeurozone economy is expected to sink back into ...
The Huffington Post | Full News Feed

Today on the Eurozone Crisis, Arnold Kling | EconLog | Library of ...
By Arnold Kling
The last generation of smart MBAs got around capital requirements by pooling risky assets into "AAA" securities that had lower risk weights, and then putting those securities in special-purpose vehicles with off-balance-sheet credit guarantees. ...
EconLog: Library of Economics...

Euro Zone M3 Money Supply Grows Less-than-expected
By Forexpros
Forexpros – Pros – The euro zone's M3 money supply grew less-than-expected in November, official data showed on Thursday. In a report, the European Central Bank said M3 money supply in the single currency bloc rose at annualized rate ...
DailyMarkets.com

Kubilius: due to situation in eurozone wages in Lithuania will ...
By The Baltic Course | Baltic States news & analytics
Prime Minister of Lithuania Andrius Kubilius forecasts that wages will increase in 2012, yet, they will grow to a lesser extent than had been projected. According to him, a modest rise will be determined by the euro zone situation.
The Baltics Today

Forex - Dollar mixed as euro zone concerns weigh By Forexpros
By Forexpros
Forex - Dollar mixed as euro zone concerns weigh.
Forex Pros RSS News Feed | Forex News

Oil Trades Near Recent Lows on Euro Crisis and Stockpiling ...
By CRONKITE
Stock picks, stock discussion, market news, stock analysis, investing blogs.
iBC_FN | iBankCoin Financial News

Op-Ed: Debt relief — The solution for the Euro crisis?
The lead story on the BBC news this morning was the huge rise in young people taking out debt relief orders. There is a lesson here for nations.
RSS Feed - Top Digital Journal News

Still Important Underlying Fears Surrounding the Euro-zone Banking ...
Still Important Underlying Fears Surrounding the Euro-zone Banking Sector. Swing trading Strategies, day trades, stock trading free picks, market commentary/technical analysis/swingtracker for the swing-day-stock-forex trader. Stock Picks ...
Free Daily Swing and Day Trading...

Merkel Economic Advisor Does Not Exclude Eurozone Break Up
By goldsilvermshup
In an interview making the rounds this morning, which appeared in German "for the people" daily Bild, one of the German Council of Economic Experts, Beatrice Weder di Mauro, who is one of five economic advisors to Angela Merkel, put it in no uncertain ...
goldsilvermshup

Eurozone credit crunch fears on M3 money contraction | ForexLive
Love him or loathe him, latest from AEP at The Telegraph. Been a long time since I've paid close attention to money supply data, but recently it's been.
ForexLive

Euro zone November M3 annual growth +2.0%
By ForexLive
Weaker than Reuters' median forecast of +2.5%. M3 moving average Sept-Nov +2.5%, down from +2.8% in Aug-Oct quarter and weaker than median forecast of +2.7%.
Forex Bloggers

Merkel Economic Advisor Does Not Exclude Eurozone Break Up ...
Finally, she made it all too clear how Germany plans to deal with the PIIGS laggards: "Over-indebtedeuro-zone nations must submit to a long-term insolvency ...
www.zerohedge.com/.../merkel-economic-advisor-does-not-ex...

Thursday, December 29, 2011

The Eurozone In 2012

A Look At The Eurozone In 2012
San Francisco Chronicle
As if that weren't enough, there are still open questions as to whether the eurozone can even survive. Germany already seems fed up with this mess and may increasingly see little value in compromising its own interests to preserve its neighbors. ...

Eurozone banks park record amount of funds at ECB
AFP
The phenomenon appears particularly significant this week because it comes just days after eurozone banks borrowed a nearly half a trillion euros from the ECB in a brand-new three-year lending facility. The ECB agreed to loan a record 489.2 billion ...

AFP

Britain's Future Lies With America, Not Europe
Wall Street Journal
It is obvious to most outsiders that the euro zone's problems remain. The rating agencies have been unimpressed, and downgrades of most euro-zone members and their banks are now more likely than ever. This meant that Mr. Cameron was left with two ...

Euro crisis blocks the path to full economic recovery
Telegraph.co.uk
It was perhaps the most candid and therefore insightful remark yet made by a senior policymaker about the ongoing economic and financial crisis. Tradition nevertheless condemns us at least to pretend, so here goes. In formulating a view, it is helpful ...

Telegraph.co.uk

FTSE 100 falls as eurozone fears knock Wall Street
Telegraph.co.uk
London's leading shares closed down on Wednesday after continued worries over theeurozone debt crisis hit Wall Street, overshadowing a strong auction of short-term Italian government debt. Stampede at Selfridges sales - retail shares gained after ...

Telegraph.co.uk

Eurozone crisis still points to higher gold price
Proactive Investors UK
The good news for 2012, for gold bugs anyway, is that the eurozone is still on the brink, governments are printing money to sort the problem and interest rates are still low or negative in real terms. Against this background few observers expect gold ...

Proactive Investors UK

Greek Financial Crisis Tearing Apart Families and Children
International Business Times
By Palash R. Ghosh: Subscribe to Palash's RSS feed The deep financial crisis in Greece has cut swath of misery across the country, particularly upon families struggling to feed their children. Greek media is filled with tales of woe, including rising...

International Business Times

On the euro zone, Irish banks, India, veterans, women, jobs, seasteading ...
The Economist
The situation of the weaker countries in the euro zone is not any different (“A comedy of euros”, December 17th), and thus there is a simple, logical and efficient solution for their predicament. Just as the family will go bankrupt unless it can repay ...

METALS-Copper down on euro zone, China slowdown worry
Reuters Africa
"What is making the market nervous is new worries about the euro zone crisis ahead of the debt auction in Italy and worries that the Chinese government will not be able to manage this physiological economic slowdown." Benchmark copper on the London ...

Letters: Is financial crisis the city's own fault?
Detroit Free Press
Gov. Rick Snyder, right, is taking steps that could lead to the appointment of an emergency manager for the City of Detroit. Detroit Mayor Dave Bing, left, has said Detroit can solve its own financial problems. / JARRAD HENDERSON/Detroit Free Press An ...

Eurozone GDP could fall 2% in 2012, Cebr
FT Adviser
Global recession will be avoided but eurozone GDP will fall regardless of the outcome of the ongoing sovereign debt crisis. By Michael Trudeau | Published 08:45 | commentsEurozone GDP is set to fall next year regardless of the outcome of the euro ...

FT Adviser

2011: Year of Arab Spring, eurozone crisis, nuclear disaster - Part Two
Monsters and Critics.com
April 9 - Icelandic voters again reject a proposal compensating Britain and the Netherlands for money lost when an Icelandic bank collapsed in the 2008 financial crisis. April 11 - France introduces a so-called burqa ban on wearing Islamic face veils...

Monsters and Critics.com

Europe's Crisis Year in Hit Songs
Wall Street Journal (blog)
February: Ireland's Fianna Fail party loses elections in Europe, and Prime Minister Brian Cowen becomes the first political victim of the euro-zone debt crisis. The leaders of Portugal, Spain, Italy and Greece will follow later in the year. ...

Financial crisis to be probed
Gulf Daily News
MANAMA: The global financial crisis will be discussed at a key workshop in Bahrain next year. Under the patronage of the Central Bank of Bahrain (CBB), the United Nations Conference on Trade and Development (Unctad) will organise the workshop 'The ...

Gulf Daily News

Asia Roundup: Eurozone shadow returns
Business Times - Malaysia
HONG KONG: Asian markets mostly slipped yesterday as unease over the eurozone debt crisis overshadowed a strong rise in consumer confidence in the United States. On the first full day of trade after Christmas eyes were on Italy, which held a debt ...

Nathalie Thomas: UK economy hit by fallout as eurozone burnout gathers pace
Scotsman (blog)
The International Monetary Fund, led by Christine Lagarde, below, may well have to step in to rescue a eurozone which has been ravaged by economic chaos while Chancellor George Osborne faces dealing with a stuttering UK economy. ...

Scotsman (blog)

Japan seals $15-B currency swap with India to support eurozone-hit rupee
GMA News
NEW DELHI - India and Japan have agreed to a $15 billion currency swap line, a Japanese official in Delhi said on Wednesday, in a positive move for the troubled Indian rupee, Asia's worst performing currency this year. The two countries previously had ...

Was the financial crisis an 'inside job'?
BusinessLIVE
Was the financial crisis an 'inside job'? You'll find this out when you hire one of the latest releases from your local DVD store. Yes, 'Inside Job' is a documentary, but it's as gripping as a thriller with narration by Matt Damon and direction from ...

BusinessLIVE

Gwynne Dyer: Arab Spring, euro crisis, and climate change are big stories of 2011
Straight.com
The euro crisis threatens the European Union with collapse and confirms the shift of economic power from West to East. And the struggle to prevent disastrous climate change was abandoned for the rest of the decade. The name, it should be noted, ...

Straight.com

crisis the result of a year of fiscal indecision
gulfnews.com
In particular, sovereign debt in the Eurozone was deemed riskless: banks had only to hold minimal reserves against member countries' bonds, which the European Central Bank accepted on equal terms at its discount window. Member countries could borrow at ...

gulfnews.com

Forex – EUR/USD snaps key support on euro zone fears
Forex Pros
By Forexpros | Forex News | Dec 28, 2011 06:26PM GMT Forexpros – The euro dropped against the US dollar Wednesday, snapping key psychological support at 1.3000 as debt fears continue in theeuro zone. EUR/USD hit a low of 1.2912 during mid session US ...

Atlas South Sea Pearls hit as eurozone crisis dampens demand
The Australian
WITH only a couple of sleeps to go until the end of a year most investors would like to forget, the insidious and creeping effects of the eurozone crisis continue to be felt in unanticipated ways. This morning's victim is pearl producer Atlas South Sea ...

UK At Fresh Risk Of Recession, Report Warns
Yahoo! News UK
With no solution found yet for the eurozone crisis and many European economies already back in recession, the risk is that a mood of austerity will stunt the UK's growth too, the institute's chief economist Tony Dolphin says in a New Year message. ...

Yahoo! News UK

FirePro Systems facing financial crisis
Times of India
BANGALORE: FirePro Systems, the Bangalore-based, Rs 700-crore fire solutions company, is in financial trouble. The company has not paid salaries of its mid and senior level executives for the past 3 to 4 months, it has not remitted employees' provident ...

CBN Reforms Amidst Global Financial Crisis
Leadership Newspapers
Having looked at the global financial crisis ravaging the rest of the world, our own President Goodluck Ebele Jonathan expressed satisfaction with the steps so far taken by Nigeria's Central Bank to give a boost to the banking sector, efforts which he ...

Leadership Newspapers

Raffles Place office rents stagnate amid Eurozone fears
Channel News Asia
DTZ attributed the stagnation to occupier concerns over the worsening Eurozone debt crisis. The average office rent in Raffles Place held at S$9.80 per square foot per month in the fourth quarter, the DTZ figures show. For 2011 as a whole, ...

Peso falls further on concerns over prolonged eurozone debt crisis
Inquirer.net
MANILA, Philippines—The peso fell further on Wednesday as investors manifested heightened concerns on the likelihood of a prolonged debt crisis in the eurozone. The local currency closed at 43.97 against the US dollar, down by 13 centavos from 43.84 ...

Grim lessons from the 30 years war
Financial Times
By Wolfgang Münchau The financial crisis has given rise to several historical comparisons, not least the Great Depression. I would like to invoke another for the eurozone crisis – the 30 years war, which ravaged central Europe from 1618 to 1648. ...

Euro Seen Having Another Bumpy Ride in 2012
CNBC.com
European policymakers have bailed out struggling peripheral euro zone countries, issued cheap three-year funding totaling 489 billion euros for the region's banks, and attended more summits than investors could shake a stick at. ...

CNBC.com

WSJ: Two Standard & Poor's Executives Involved in Ratings During the Financial ...
Business Insider
Financial ratings companies have been continuously criticized for failing to issue proper warnings in the midst of the financial crisis. As for the S&P, everyone from the Justice Department to analysts and investors have expressed concerns over why so ...

Business Insider

For your leftie friends, Simon Johnson podcast on the financial crisis
Cato @ Liberty
As much as I have trouble believing it, there seems to be a portion of the public that will immediately dismiss anything Cato has to say on the financial crisis. So as much as I try to reach anyone willing to listen, there are just many unwilling to do ...

Euro-zone Credit Implosion Secret, ECB Cannot Stop Collateral ...
Euro-zone Credit Implosion Secret, ECB Cannot Stop Collateral Contagion Collapse! :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website.
The Market Oracle

Eurozone Unlikely to Benefit from China's Investment Drive
By Barbara Zigah
(eToro Blog)Likely to the chagrin of Eurozone governments and investors like, analysts are predicting that 2012 will yield no discernible benefit to the.
eToro Blog

Eurozone, the Unraveling (II): EU/euro support collapses across ...
By craigjameswilly
One of the great underreported stories of the eurozone crisis has been the incredible damage it has done to the reputation of Europe, the EU and indeed the European ideal itself. This has occurred independent of the country in question's ...
Letters from Europe

Eurozone banks park record amount of funds at ECB | Pakistan ...
By AFP
FRANKFURT – Eurozone banks deposited a record amount of overnight funds at the European Central Bank, official data showed Wednesday as banks remain extremely wary of lending to each other. Banks put 452.03 billion euros ($590.6 ...
Pakistan Business News | Pakistan...

Euro-zone Credit Implosion Secret, ECB Cannot Stop Collateral ...
By Stefan B
Euro-zone Credit Implosion Secret, ECB Cannot Stop Collateral Contagion Collapse. by Gordon T Long, MarketOracle.co.uk: How long can the European media keep the EU credit implosion a secret? The disgraced former IMF Director, ...
SGTreport.com

Eurozone banks park record amount of funds at ECB - InterAksyon ...
By Agence France Presse
Banks' deposits with the European Central Bank have hit a new record, data showed Wednesday, suggesting ongoing tensions in the financial system despite unprecedented injections of liquidity last week.
Interaksyon.com

Forex – Dollar Mixed To Lower In Thin Trade, Focus On Euro Zone
By Forexpros
Forex – Dollar Mixed To Lower In Thin Trade, Focus On Euro Zone. By Forexpros on December 28, 2011 | More Posts By Forexpros | Author's Website · Subscribe by RSS · Email/Share Page · Tweet...
DailyMarkets.com

Why ECB's LTRO Won't Stop Collateral Contagion | ZeroHedge
Via Gordon T Long of GordonTLong.com,How long can the European media keep the EU credit implosion a secret? The disgraced former IMF Director, Demonic ...
www.zerohedge.com/.../why-ecbs-ltro-wont-stop-collateral-co...

Deleveraging in the Eurozone | vox - Research-based policy ...
Some investors may be relieved that the overall recapitalisation figure is not higher in light of growing concerns over the Eurozone, but others may be surprised ...
voxeu.org/index.php?q=node/7433

Wednesday, December 28, 2011

Market Outlook 2012 [VIDEO] Jim Rogers


Market Outlook 2012 [VIDEO]

Jim Rogers: “100% Chance” of Another Financial Crisis That Will Be ...
By Stefan B
Gold & Silver Smash Commences with Illiquid Holiday Globex Session Open · UK to Close Borders, Evacuate Expats if Euro Collapses · Jim Rogers: “100% Chance” of Another Financial Crisis That Will Be Worse Than 2008 · A Run On The ...
SGTreport.com

2011 in economic policy: The year of the aftershocks
Washington Post (blog)
Before the financial crisis, the euro zone looked like a success story. It was celebrated in books with titles like “Why Europe Will Run the 21st Century” and “The United States of Europe: The New Superpower and the End of American Supremacy. ...

Roshomon and the Financial Crisis
Boston.com
Andrew Lo, an economist who directs the MIT Laboratory for Financial Engineering, has reviewed 21 books about the financial crisis for the Journal of Economic Literature -- ten by academic economists, ten by journalists, and one by former Treasury ...

No Euro Crisis in Germany
Live Trading News
Instead, Germany's leaders have pushed for tighter budgetary controls on its wayward neighbors and greater fiscal unity in the EuroZone. Germany, with France, persuaded nearly all of the EU's 27 nations to agree to strict borrowing and spending limits ...

Live Trading News

Why the Left is Losing the Argument over the Financial Crisis
The American
According to Nocera, we “almost single-handedly” have created a “myth that Fannie Mae and Freddie Mac caused the financial crisis.” Those who have fallen for this myth, according to Nocera, include the congressional Republicans and the Wall Street ...

Rest in pieces: UK prepares for eurozone breakup
RT
As the eurozone teeters on the brink of collapse, the UK Treasury is working on a contingency plan to limit the fallout of a potential full-scale euro meltdown. The plan would entail capital controls to restrict the flow of money in and out of the ...

UK plans for euro zone failure
TODAYonline
LONDON - The United Kingdom - which is not part of the euro zone - is working on contingency plans for the disintegration of the currency bloc, that include capital controls. The preparations are being made only for a worst-case scenario and would run ...

Distressed Eurozone Asset Sales Should Benefit Buyers KKR Financial, Macquarie ...
Seeking Alpha
During the financial crisis of 08 and 09, Macquarie was buying money managers and investment banking offices to expand its presence in the investment-banking field. However, the market has been slow to recover, especially in Asia, and revenues per ...

UK faces bleak 2012 and risk of recession's return, warns thinktank
The Guardian
The UK economy faces a bleak 2012 and risks tumbling back into recession as a result of confidence-crushing austerity measures and the crisis in the eurozone, a new report warns. The Institute for Public Policy Research says the only good news for ...

The Guardian

Euro crisis hurting growth: FM
Hindu Business Line
The Finance Minister, Mr Pranab Mukherjee, has admitted that the Euro zone crisis is now hurting the economy. However, he hoped that the economy will soon revert back to a higher growth trajectory. Addressing the Consultative Committee attached to the ...

Hindu Business Line

Gloomy Christmas in the Eurozone
AdvisorOne
By Marlene Y. Satter, AdvisorOne Austerity measures have hit hard in the eurozonenations struggling under the burden of huge debts. In Italy, merchants have seen their worst Christmas season in 10 years, but in Greece the situation is far worse: ...

AdvisorOne

Impact of Eurozone on Singapore Economy may be Negligible
PR Urgent
The impact of the ongoing Eurozone crisis on Singapore is expected to be negligible although there could be some impact in the short-term affecting the Singapore dollar and also the Singapore stock market. December 27th, 2011—Singapore—Amongst ...

City: Euro crisis points to more growth pain for UK
The Independent
The Centre for Economics and Business Research has warned that the eurozone could shrink by 2% if leaders fail to get to grip with the lingering sovereign debt woes – wiping some €200 billion off the single currency bloc overall and crippling the UK's ...

Tony Blair: Europe Has only 'Weeks' to Solve Financial Crisis
The Wall Street Journal Digital Network
The euro zone has only a matter of weeks to take steps that will ensure the common currency's survival, former UK Prime Minister Tony Blair says in an exclusive interview with the Journal's Managing Editor, Robert Thomson. ...

PRECIOUS-Gold steady in thin trade; eyes on euro zone
Reuters
SINGAPORE, Dec 27 (Reuters) - Gold held steady on Tuesday, with prices stuck in a narrow $15 range over three sessions, as investors stayed on the sidelines during the year-end holiday season watching for developments in the euro zone debt crisis. ...

Collapse of the Euro zone
CNNMoney
A deterioration of Europe's debt crisis is the first thing analysts name when asked about economic threats in 2012. And by most accounts it's almost certain that things are going to get worse. "It's going to blow up," said Harry Clark, head of Clark ...

“Armageddon” Flu Scientists Have Duty to Ensure That Contagion Remains Just a ...
First Things (blog)
We would be mad to let this information become accessible and/or this virus to escape the lab. The scientists who created this threat owe it to the world to make sure that Contagion remains just a movie.

House prices outlook: eurozone crisis and a tough 2012
Citywire.co.uk
The big question is whether the same will apply in 2012 with the euro crisis overhanging the market, the continuing squeeze on the availability of mortgage funds and consumer confidence subdued in the face of increased job insecurity and public sector ...

Oman to study impact of global financial crisis
Khaleej Times
MUSCAT - Oman has constituted a special team to evaluate the impact of the global financial crisison its development programme. This was announced here after a meeting of the Supreme Committee for Five-Year Development Plans chaired by Sayyid Fahad ...

Survey finds brokers worry most about euro crisis, politics at home
The Nation
The Securities Analysts Association has found concern among brokerages that political factors will be an important variable affecting the Stock Exchange of Thailand, but the brokers predict that the bourse's main index will exceed 1000 points in the ...

Euro crisis dents UK prospects: OBR
Press TV
Office for Budget Responsibility (OBR) Chairman Robert Chote has warned that the ongoing eurozone crisis has caused a "big uncertainty" about Britain's financial prospects in 2012. Earlier last month, the UK government's independent forecasting body ...

Press TV

Korean Banks Maintain Stable Performance Despite Eurozone Crisis
Arirang News
Banks in emerging economies, like India's ICICI, have also seen their CDS premiums rise by nearly 150 percent as they rely heavily on exports to eurozone countries. While Korea is one of the largest export-dependent nations, the European fiscal crisis ...

UK to close borders, evacuate expats if euro collapses
RT
As Eurozone nations sink ever deeper into crisis, the UK Treasury is working on a contingency plan for the single currency's collapse. It includes capital control measures that, under EU rules, require agreement from most of the Union members. ...

Adidas CEO sees no euro crisis impact so far: Paper
Economic Times
FRANKFURT: Adidas the world's No.2 sports apparel maker after Nike, remained "largely unaffected" by the euro zone debt crisis so far, its chief executive told a German newspaper. "We hardly feel any impact, it is going well," CEO Herbert Hainer was ...

Davies, Zandi, Ryding on Euro Zone's Future
Bloomberg
Dec. 27 (Bloomberg) -- Howard Davies, former deputy governor of the Bank of England and a professor at the French School of Political Science, David Rosenberg, chief economist at Gluskin Sheff & Associates Inc., Mark Zandi, chief economist at Moody's ...

Poor crisis management verdict for government
Austrian Independent
OGM found that 25 per cent of Austrians approve Social Democratic (SPÖ) Chancellor Werner Faymann's Eurozone debt crisis strategy. The actions of People's Party (ÖVP) Vice Chancellor Michael Spindelegger were acclaimed by just 22 per cent, ...

Follow that star! | Presseurop (English)
Euro crisis. Follow that star! ... Explaining the eurozone crisis to children · Iceland is our modern Utopia · The Greek exodus to Australia · Iceland is our modern Utopia · EU - Turkey's new whipping boy · Europe's seven deadly sins (1/2) ...
Presseurop

Women 2.0 » The Financial Crisis: A Wake-Up Call On Boardroom ...
By Angie
Stories from female founders and women entrepreneurs at the networked Women 2.0 blog –www.women2.org.
Women 2.0

The Euro Crisis and The Great Unwind – Why Monetary Policy Can't ...
By tonys4412w
The Euro Crisis and The Great Unwind – Why Monetary Policy Can't Fix Europes's Woes. I will be a guest on Bloomberg Surveillance (Bloomberg Radio and Podast) tomorrow at 7am. The subject is the European credit crisis and the Euro. ...
Confounded Interest

Forex – GBP/USD Trims Gains Amid Renewed Euro Zone Worries
By Forexpros
Forexpros – The pound trimmed gains against the U.S. dollar on Tuesday, pulling back from a two-day high as renewed fears over the handling of the euro zone's financial crisis weighed on demand for riskier assets. GBP/USD pulled back ...
DailyMarkets.com

A Shared Fate: The Political Implications of the Eurozone Crisis
By Robin Varghese
Paul Krugman recently wondered whether it was possible to be “both terrified and bored” by the Eurozone crisis. It is indeed terrifying: the EU—the most important political innovation since the invention of the democratic welfare state—might ...
3quarksdaily

Networked Economy - Bo Harald: Euro crisis–eerie silence
By BoHarald
Euro crisis–eerie silence. You have surely taken note of the eerie media silence that followed the daily barrages of real or imagined bad news. After the bold Italian package media seems to have lost interest – and as media does drive markets ...
Networked Economy - Bo Harald

Forex - GBP/USD trims gains amid renewed euro zone worries By ...
By Forexpros
Forex - GBP/USD trims gains amid renewed euro zone worries.
Forex Pros RSS News Feed | Forex News

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