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Gordon Brown: Germany must drop blame game and save the euro Christian Science Monitor Germany has blamed others for the global financial crisis, but German loans funded much of the reckless spending. It must now agree to a common mechanism for Europe to pay its way out of crises. Refusing this responsibility endangers Germany and the ... | ||
EMERGING MARKETS-Latam stocks down on contagion fears Reuters By Manuela Badawy NEW YORK, Aug 23 (Reuters) - Latin American stocks eased on Tuesday as less gloomy-than-expected economic data from China and the euro zone failed to calm fears of the deteriorating health of US banks and the economy. ... | ||
JOSEPH STIGLITZ: Contagion of bad ideas is world's real problem Business Day The ECB argued that taxpayers should pick up the entire tab for Greece's bad sovereign debt, for fear that any private- sector involvement would trigger a "credit event," that would force large payouts on credit-default swaps , possibly fuelling ... | ||
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China's new currency policy CNN (blog) By Martin Feldstein, Project Syndicate China's government may be about to let the renminbi-dollarexchange rate rise more rapidly in the coming months than it did during the past year. The exchange rate was actually frozen during the financial crisis, ... | ||
CREDIT MARKETS: Shaky Financial Sector Undermines Bonds Again Wall Street Journal Pressure remained on bank bonds as sovereign debt default fear contagion, slow domestic growth forecasts and pending mortgage litigation threaten the financial sector. Risk premiums--or the added yield investors demand to compensate for added risk--on ... | ||
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An employee's trust crumbled in the Asian financial crisis News & Observer By JOHN M. GLIONNA - Los Angeles Times SEOUL, South Korea -- With a shudder, Kim Deuk-uy recalls the gloominess of the 1998 Asian financial crisis. Back then, Kim worked for a securities company that was shedding employees as a snake sheds skin. ... | ||
The Big 4 Banks: Defense Or Attack As A Long-Term Strategy? Seeking Alpha Investors still have fresh memories of the 2008 global financial crisis and its flow on effects, and many investors are still wary of Banks being what they should be; defensive assets with strong financials and paying a good returns on income invested. ... | ||
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Nouriel Roubini Wrongly Compares Gold To Y2K Tech Bubble Forbes The great Dr. Doom himself, seer of the financial crisis, doomster extraordinaire, Nouriel Roubini thinks today's gold investors are “sheep or lemmings.” It's a bubble, plain and simple and always. “Since gold has no intrinsic value,” says Dr.Doom, ... | ||
Czech president says country in no rush to join eurozone, suggests reducing ... Washington Post By AP, ALPBACH, Austria — Czech President Vaclav Klaus says his country is not hurrying to join the eurozone while it is rocked by financial crisis. Vaclav Klaus also suggests the number of nations using the common European currency should be shrunk ... | ||
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Dollar Falls As Weak US Data Prompt Fed Speculation Wall Street Journal "The weaker data and concerns about what Bernanke might say when he gets to Jackson Hole???isdollar negative," said Greg Michalowski, chief currency analyst at FXDD in New York. Although fears of debt contagion are roiling Europe, "It takes two to ... | ||
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Daily Majors Fundamental: EUR/USD, USD/JPY, GBP/USD, USD/CHF FXstreet.com The data is expected to be carefully watched as it will provide evidence about the status of the housing market that led to the eruption of the 2008 financial crisis. On Monday, the dollar showed declined against majors, including the Swiss franc, ... | ||
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The Price of Secrecy for Central Banks Wall Street Journal Yet as the financial crisis showed, secrecy carries its own cost. If investors know an institution is under the gun, but can't tell who it is, that can undermine confidence in all firms. The latest example: the Federal Reserve's dollar-swap program. ... | ||
Ex-Treasury Secretary Paulson Warns That US Is Overleveraged NASDAQ DENVER (Denver Post)--The US continues to struggle with too much debt -- the core problem behind the 2008 financial crisis, former Treasury secretary Henry Paulson warned an audience Monday. "We are overleveraged," Paulson told a meeting of the Global ... | ||
Euro Break-Up Threat Hitting US - Ex-Fed Chief Greenspan Wall Street Journal "The euro is breaking down," Greenspan said. European banks are in trouble because they hold debt of countries close to default, such as Greece, he added. "The reason we're so sluggish is the level of uncertainty." Concern about Europe's ongoing debt ... | ||
Euro-Area Services, Manufacturing Grow at Slowest Pace in Almost Two Years Bloomberg “A number of factors have hit growth, including a downturn in global demand, which caused exports of goods to fall at the fastest rate for over two years, and growing concerns about the economic outlook and the euro area's financial crisis, ... | ||
Relentless Rally: Traders Unshaken by Quake, Economy Fox Business Indeed, the cost to insure the bank's debt rose to a record high -- even topping costs during the financial crisis -- in the Credit Default Swap market, according to the Wall Street Journal. With a slew of data pointing to a softer economic recovery ... | ||
Apollo Investment: An Opportunity Or A Trap? Seeking Alpha On the other hand, if there is no “double dip” and/or global financial crisis, chances are the Apollo portfolio will continue to perform well from a credit perspective. We don't expect Apollo to boost net investment assets, as its debt to equity is as ... | ||
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Is the gold bubble set to pop? IBTimes Hong Kong Since the start of this year it is up by more than 50 per cent, and since the start of the financial crisis gold has risen by 150 per cent. gold was trading at $200 per ounce, today it is close to $2000. Gold, like other commodities tends to exhibit ... | ||
Eurozone survey shows stagnant August growth Economic Times ... including a downturn in global demand, which caused exports of goods to fall at the fastest rate for over two years, and growing concerns about the economic outlook and the euro area's financial crisis, which caused business confidence to plunge. ... | ||
Is the US Economy Freefalling? American Enterprise Institute Our examination of the fifteen worst financial crises in the second half of the twentieth century showed that economies persistently perform poorly after a financial crisis, with real gross domestic product (GDP) growth 1.5 percentage points slower in ... | ||
Higher tax rates don't offer higher revenue BlueRidgeNow.com Whenever there's a financial crisis of any sort at the national level, you can count on several politicians proposing an increase in the tax rates to solve the problem. However, higher tax rates will lower federal revenue, thereby aggravating the ... | ||
Fox Won't Let Facts Stop Its S&P Conspiracy Theories Media Matters for America [The New York Times, 8/22/11] NYT: Justice Investigating Whether S&P "Improperly Rated Dozens Of Mortgage Securities In The Years Leading Up To The Financial Crisis." The New York Times reported on August 17 that the Justice Department "is ... | ||
While The Anatomy of US Public Debt continues to Cripple the American Economy ... San Francisco Chronicle (press release) For most Americans, the economic and financial crisis is quite real. Personal Bankruptcies, Small Business Failures and the seemingly unending collapse of Residential Real Estate Markets continue to expose fundamental weaknesses in the US Economy. ... | ||
23/08/2011US alleges Deutsche Bank knew of mortgage fraud Expatica Germany Germany's Deutsche Bank was aware of fraud being committed by a US subsidiary that issued thousands of bad mortgages before the 2008 financial crisis, US prosecutors have alleged. The US Department of Justice detailed the allegations in an amended ... | ||
FDIC: Number of problem banks fell to 865 in Q2 The Associated Press Still, large banks are less profitable than they were before the 2008 financial crisis. As a result, many are shrinking their staffs. Swiss bank UBS AG said Tuesday that it is cutting 3500 jobs worldwide as part of an effort to save 2 billion Swiss ... | ||
France's Sarkozy to discuss crisis with China's Hu Reuters India [ID: nW1E7J801V] The French leader may sound out Hu on the possibility that the G20 - which played a vital role in coordinating stimulus efforts at the height of the financial crisis - take further action. Sarkozy will likely also push his own agenda ... | ||
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Gold, Stocks Take Separate Paths Wall Street Journal Investors need to safeguard the wealth that has survived the volatile swings since the financial crisis, and gold appears to be a safe place to park cash. "The dynamics hinge on market confidence, and that's favoring gold," Ms. Cooper said. ... |