Financial crisis? It's the politics, stupid! Economic Times But a Spanish default would be crippling, and an Italian one would be fatal. This fear sparked last week's panic selling in stock markets. If the panic spreads, a double-dip recession will follow. This is not a mere economic or financial crisis. ... | ||
Coming Week Market Movers: Willcommen, Bienvenue, Contagion! Business Insider While it was understood that Greece would default at some point, the understanding was that the EU would protect private bondholders (mostly the EU banking system itself) from losses rather than risk a crisis from destabilizing EU banking. ... | ||
Domestic concerns drive Franco-German talks Financial Times There is little doubt that the presence of Ms Merkel in Paris is intended to help Mr Sarkozy in his efforts to calm the markets and voters as he attempts to tackle the financial crisis. An opinion poll last week in Le Parisien, the French newspaper, ... | ||
Contagion Watch: Assessing European Banks Under Fire Seeking Alpha All are now either trading at less than a dollar per share or are precariously close. The following is price performance since July 29, 2011: As mentioned above, these four countries imposed their own versions of a short sale ban on financial stocks. ... | ||
Is There a Financial Crisis? Seeking Alpha Therefore, we believe we are not in the midst of another financial crisis. We believe the US stock market will continue to follow its 2004 trajectory. If so, the S&P 500 will rebound during the month of August and September, fall in October, ... | ||
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What does austerity mean & is it virtue or vice? Chicago Tribune (blog) You've heard it over and over again -- the word "austerity," or the spending cuts the US and Europe are supposed to make to get rid of the trillions in debt that governments took on before and during the financial crisis. But what does austerity mean? ... | ||
NYU's Nouriel 'Dr. Doom' Roubini: 'Karl Marx Was Right' International Business Times Economist Nouriel "Dr. Doom" Roubini, the New York University professor who four years ago accurately predicted the global financial crisis, said one of economist Karl Marx's critiques of capitalism is playing itself out in the current global financial ... | ||
Deflation Mutes Yen Effect Wall Street Journal In a paper entitled "About the Real Effective Exchange Rate," they found that while the yen has risen steadily in nominal terms against the dollar since the onset of the global financial crisis in 2008, its "real" value—in price-adjusted terms—has ... | ||
Bangkok Post : Southeast asia: The world's best kept secret Bangkok Post Southeast Asia's nimble economic performance through the global financial crisis years of 2008-09, and again in 2010, has got everyone guessing. Not only did its 10 or so economies not shrink, but the broad revival _ economic growth of 9.3% in 2010, .. | ||
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Europe: Lacking a Long-Term Solution Huffington Post The Contagion Continues to Spread The markets are already betting for the ratings agencies to downgrade France's debt with credit default swap spreads widening to double their level at the beginning of July. A rising expense to insure against default .. | ||
Gold Coast bids for mining dollar ABC Online But the global financial crisis and rising Aussie dollar have taken a toll and unemployment is now at around seven per cent. The Gold Coast City Council is determined to turn the tide and has decided if the jobs aren't there for workers it will export ... | ||
<B>N Chandra Mohan:<B> Watch out for Europe Business Standard Prices of five-year Credit Default Swaps – that offer protection against default across the euro area sovereigns – in Greece, Ireland, Italy, Portugal and Spain are at all-time highs. Market prices imply an 88 per cent chance of default in Greece in ... | ||
BUSINESS IN BRIEF TheChronicleHerald.ca It is one of the biggest claims so far to originate from the practices that led to the financial crisis. Germany's Commerzbank booked a 760-million euro ($1.1 billion) write-down on holdings of Greek sovereign debt; as a result, quarterly profit fell ... | ||
ECONOMY: Small business lending demand may be shrinking North County Times Small-business lending started off the first half of 2011 in the two-county San Diego and Riverside region on a flattish note, but with a financial crisis erupting across the world in recent weeks, local bankers are quivering as they begin to see ... | ||
Forex - EUR/USD weekly outlook: August 15 - 19 Forex Pros Forexpros – The euro edged modestly higher against the US dollar on Friday, capping a tumultuous and volatile week for currency markets, highlighted by an historic downgrade to the US credit rating and heightened concerns over sovereign debt contagion ... | ||
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The Purpose of the Supercommittee Town Hall ... in the debt ceiling negotiations, and she got her revenge, spiking her slate of nominees to the "supercommittee" with liberals who either fail to understand or else fail to care about the fiscal crisisrapidly engulfing the United States. ... | ||
Terms of Spectrum Auction in Greece Rankle Operators New York Times Proceeds from the sale would help Greece weather its financial crisis. But Greece, despite its grave fiscal problems, is by no means acting like a distressed seller. The country is planning to sell 14 units of prime 900-megahertz spectrum. ... | ||
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More Response to Westen's "Story" Theory for Obama Huffington Post (blog) Obama's crises hadn't yet spilled over to the real economy; most people thought the financial crisis was still largely confined to financial sectors/housing/mortgages. The elite were not coming forward with plans to solve the problems. ... | ||
EUR/USD Daily Fundamental Analysis for August 15, 2011 ForexTV.com Choppy trading will prevail with the start of the week for sure as investors assess the outlook for theeuro area under the new ban and whether the taken measures from central banks worldwide where sufficient to stem the contagion and ease the pressure ... | ||
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Will France's Short-Selling Ban Only Delay the Inevitable? Seeking Alpha Until recently, speculation over troubled eurozone member states was confined to the PIIGS—the periphery nations. Yet, within the last week, chatter has begun to circulate that France could be the next nation to come under fire. ... | ||
Rating agencies themselves deserve poor grade Calgary Herald Ratings above subsequent regulatory cutoffs provided little guarantee against default during thefinancial crisis. Rating agencies generally did not exhibit forecasting capacities superior to those embedded in available market prices. ... | ||
The world's nations must cooperate or perish Santa Rosa Press Democrat Gordon Brown was Britain's chancellor of the exchequer from 1997 to 2007 and prime minister from July 2007 to May 2010. He chaired the April 2009 G-20 meeting that addressed the global financial crisis. From the Washington Post. | ||
The fall of the last Superpower in the trillion dollar war Vanguard The author of the Global Economic Recession and the Human Condition: An African Perspective, Mrs. Uchenna C. Ekwueme, said: “As we all know, the origin of the current financial crisis can be best understood as a crisis of global political economy ... | ||
Burning questions remain after a week of sweating it out with the stock market Chicago Tribune Lousy employment numbers, a crippled housing market and a rebirth of worries over a potential global financial crisis are clear reminders that forecasts for a strong recovery have fallen short. There is wishful thinking that Federal Reserve Chairman .. | ||
Experts weigh in on recession Atlanta Journal Constitution The burst of the housing bubble, the unprecedented explosion of consumer debt and the disastrousfinancial crisis of 2008 left an economy strewn with “bad” assets — property worth less than what an owner owes on it. With so many bad assets, ... | ||
Italy Seeks a Bail Out « Blogs For Victory By Mark Edward Noonan There is no way to make up for this deficit between debt and wealth…either by printing money (and thus devaluing the currency) or by straight default, those who hold the bonds of the PIIGS will have to take a loss. ... Blogs For Victory |