Fanning The Financial Crisis: Has Regulation Gone Wrong? Forbes The logic is that most Greek and other government debt are held by banks, so if we let these countries default the banks will default, so we are back to November 2008. So we are really asked to bail out banks, but given that banks are hated so much we ... | ||||
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European Endgame Huffington Post And that might be where the Euro-zone is headed. Instead of fixing the financial crisis, the EU postponed it with a get-poor-quick pyramid scheme, by sending the debts of households to banks, who sent it to governments, and governments passed it on to ... | ||||
CBO: Dollar's Value to Decline Moderately Over the Next Decade Wall Street Journal (blog) In the update of its economic and budget forecast, CBO noted that, by that measure, the dollar has been falling for most of the past decade, with the exception of the upturn during the global financial crisis. “So far this year,” CBO said, “the dollar ... | ||||
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Fed Made State Street Profitable as Middleman Bloomberg By Christopher Condon - Tue Aug 23 23:01:00 GMT 2011 State Street Corp. and JPMorgan Chase & Co. profited during the financial crisis by borrowing $200 billion almost risk-free from the Federal Reserve under a program intended to rescue money-market ... | ||||
Moody's: don't see contagion from Europe spreading to Japan Reuters TOKYO (Reuters) - Europe's sovereign debt crisis is unlikely to spread to Japan's government debt market due to its current account surplus and large holdings of assets overseas, Moody's Investors Service said on Wednesday. Future ratings actions on ... | ||||
Spain debt cap to allow overspend in lean years Reuters Battling to shore up market confidence in its deficit reduction programme in the face of a fiscal crisisthreatening to engulf the euro zone, Spain said on Tuesday it would set in stone a binding cap on public debt before elections in November. ... | ||||
Cooper: Politicians have worsened financial crisis Calgary Herald Second, the fact that the euro is the only major currency in human history that is backed by regulations and not an army, means that when countries break the rules on a grand scale, no one can enforce them. So the EU now finds itself in the midst of a ... | ||||
S&P forecasts jump in CLO defaults Financial Times S&P's base-case scenario estimates that the current junk-rated default rate of 3.8 per cent could jump to as high as 7.5 per cent by the end of 2012 – compared with a longer term average of 4 per cent. At the end of December 2008, the financial crisis ... | ||||
The summer months are often the worst for stocks Fox News The S&P 500 fell 14.6 percent during a financial crisis in Asia. That was also one of its 10 worst months. "Historically, the market just doesn't do very well in the third quarter," Stovall says. "It's one of these dance routines the market tends to go ... | ||||
Could Goldman Sachs Group Inc. (NYSE: GS) CEO Lloyd Blankfein Do the First ... Money Morning That means, and I cannot stress this strongly enough, that he is innocent in the court of law - even if he is held slightly above pond scum in the court of public opinion for his and Goldman's role in causing the financial crisis. ... | ||||
Forex: The US dollar plumbed a record low against the yen FXstreet.com The benchmark S&P 500 index has shed 13.1 percent so far in August and is on track for its worst month since October 2008, when the financial crisis and deep recession mauled markets. Concerns about the euro zone's debt crisis have weighed on financial ... | ||||
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IPO blues: tech's hot summer cools off Reuters By Brent Lang Until the European financial crisis and debt-ceiling fiasco, Silicon Valley companies were sizzling on Wall Street. Investors gobbled up public offerings from Pandora and LinkedIn and hungrily awaited the stock-market debut of coupon ... | ||||
What Italy tells us about Europe's debt crisis TIME (blog) So is it any surprise that Italy has been tarred as one of the PIIGS and fallen into a debt crisis? Actually, it is. Yes, Italy has its economic problems, but its government has not been fiscally irresponsible, with a much more conservative record than ... | ||||
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Markets Remain Unkind to BofA Wall Street Journal ... much sounder than it was before the 2008 financial crisis. The cost of insuring the Charlotte, NC, lender's bonds against default surged Tuesday to $435000 a year for five-year protection on $10 million in debt, according to data from Markit Group. ... | ||||
Light-rail disease Financial Post (blog) By Peter Shawn Taylor Forget AIDS or SARS, there's a new billion-dollar contagion popping up across the country. Symptoms include visions of grandeur, severe loss of reality and a propensity to enact massive tax hikes. It's called LRTS: Light-rail ... | ||||
Is It Eurobonds Or Bust For The Eurozone? San Francisco Chronicle So the EFSF rescue fund itself, may end up causing contagion and threatening Europe's largest economies. Closer fiscal union would eradicate the need for the EFSF since it would give bailed-out nations a route back to financial markets to raise money ... | ||||
IMF: Chile Government Should Cut Spending Further Wall Street Journal Chile increased spending in 2009 to combat a recession stemming from the global financial crisisand has since reined in spending to contain inflationary and exchange-rate pressures. "In the near term, greater fiscal restraint would help guard against ... | ||||
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European Yields on the Rise Briefing.com Spanish yields are also on the rise as investors remain worried about holding PIIGS debt. Modest selling in the space has yields up as much as 5 bps with the Spanish 10-yr now at 4.999%. UK Gilts and German Bunds are seeing yields rise as investors cut ... | ||||
Can China Save The World? Towards A New Economic Model The Market Oracle As the West contemplates a new phase in the global financial crisis, China -- the second biggest economy on Earth -- appears to some executive decision makers to be well placed to sail through the doldrums of the global financial markets or even use ... | ||||
Bank Of China Plays Down Worries Over Local Government Debt Wall Street Journal ... concerns that they pose a default risk. The bank, one of China's big four state-run lenders, was the largest credit issuer in a two-year lending binge to regional and city governments that took hold shortly before the global financial crisis hit. ... | ||||
Japan boosts FX monitoring, creates $100 billion credit line Reuters This is the third time that Japan tapped into its foreign reserves to stabilize markets amid global turmoil since the financial crisis of 2008. The credit facility, to be in place for a year, is aimed at facilitating companies' acquisitions of overseas ... | ||||
Correlation to end for bank stocks? FierceFinance Correlation was an unfortunate reality during the financial crisis. No matter how strong your balance sheet, you could not escape this powerful market force. Now we're seeing something of a return to the 2008-2009 mindset, when macro-fear is again ... | ||||
Wall Street looks set for second day of gains BusinessWeek The Justice Department is looking into Goldman's actions leading up to the 2008 financial crisis. HJ Heinz Co. fell 1 percent in premarket trading after the world's largest ketchup maker said profits fell 6 percent in the most recent quarter. ... | ||||
Where 30 Years of Real Class Warfare Has Left America Huffington Post Oh, and you'll likely be living from financial crisis to financial crisis. Before you die, you're probably going to get sick, which will cost so much that even if you have insurance you may well have to declare bankruptcy. And there's a good chance ... | ||||
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