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

Thursday, August 18, 2011

Germany is using the crisis to conquer Europe

European debt summit: Germany is using financial crisis to conquer Europe
Daily Mail
If the euro is to survive — and with it the European project — the other 16 Eurozone countries will have to be like the Germans. Indeed, they must lose the freedom not to be like the Germans. Be in no doubt what fiscal union means: it is one economic ...
Daniel W. Drezner: Contagion in world politics
Foreign Policy
This follows both from theoretical arguments about processes of contagion across large scale networks, and from empirical research conducted via eg experiments.... Just because the world has become more networked, it does not mean that states can ...
Asia currencies stay buoyant amid storms
Financial Times
When the global financial crisis began in 2008, Asian currencies plunged against the dollar as trade flows dried up and investors dumped risky assets and fled to the perceived safety of the US. The Korean won, for example, fell more than 40 per cent ...
Brazil Rate Futures Fall as Economy Contracted During June
San Francisco Chronicle
17 (Bloomberg) -- Yields on Brazil's interest-rate futures contracts maturing in January or later plunged after a report showed the economy shrank for the first time since the 2008 financial crisis. Yields on the interest-rate futures contract due in ...
A big bounce, ounce by ounce, as gold takes off
The Associated Press
Now, in a time of turmoil, from the credit downgrade and debate over raising the debt limit in the US to the growing financial crisis in Europe to worries of slow growth across the globe, gold is dazzling investors. Since the financial crisis in 2008, ...
Euro Collapse Could Spark Global Depression, Soros Tells L'Hebdo
Bloomberg
By Simone Meier - Wed Aug 17 13:41:11 GMT 2011 Billionaire investor George Soros said a collapse of the euro may spark a global financial crisis in a “new Great Depression,” L'Hebdo magazine reported, citing an interview. “It seems to me that one still ...
Crisis? What Crisis? : Finding the New Normal
Sustainable Business Forum
as the 'financial crisis of the late 2000s'. Well, at the time we did not expect this to be useful for the reasons it now makes total (non-)sense: we are quite likely to having witnessed the beginning of the next instalment these days. ...
A currency in crisis
Investors Chronicle
These policies are clearly detrimental to the dollar. Of course, a further US recession and deepening of the financial crisis would also have harmful effects elsewhere. And, one of the lessons of the 2008 panic and the Euro crisis of 2010 was that the ...
Yuan Pulls Back Versus Dollar Ahead of Biden Visit
CNBC.com
But more than a year after China scrapped the yuan's fixed peg to the dollar in June 2010, after pegging it during the global financial crisis from mid-2008, Beijing still focuses on managing the yuan against the dollar - a de facto peg in which the ...
Negative repercussions on Gulf economies due to US, European problems
Al-Bawaba
Problems with the US economy, the sovereign debt crisis in the Euro zone and the possibility of contagion to significant economies like Italy, Spain and perhaps France and Britain in the coming period, will have several negative repercussions on Gulf ...
Wake up: Senators must accept GovGuam's financial crisis and make cuts
Pacific Daily News
Senators seem oblivious to the government of Guam's financial problems and are apparently ready to push forward with a status quo mentality instead of reducing the size and cost of government operations so that expenses match up with revenues. Sen. ...
Should You Avoid Investing in Europe?
ETFguide
Despite the fever pitch of debt problems, the euro has a yearly gain of almost 8% and European stocks (NYSEArca: VGK) are down a modest 6.42%. What does it mean? Let's analyze three investment strategies for navigating Europe's financial crisis. ...
Catholic Church hit by financial crisis
U.TV
The Catholic Church in Dublin could be on the verge of financial collapse, as it copes with payouts to child abuse cases and dwindling numbers at Sunday mass. We're sorry. This video is unavailable from your location. The church is under severe ...
Growing anxiety in China over euro zone problems
Irish Times
CHINA IS looking to see what impact the current financial crisis is going to have on its economy, just as the rest of the world is beginning to wonder if China can step in again, as it did three years ago, with measures to give a shot in the arm to the ...
Is it time for the ECB to throw someone overboard?
gulfnews.com
... which would consist of core and near-core countries within a tighter fiscal union and more credible defences against contagion. In the process, two or three economies would take a sabbatical from the euro, underwriting immediate uncertainty with ...
Didn't Sell in May? You Still Might Want to Get Out Now
CNBC.com
Zimmerman got his storm: Accelerated fears of eurozone debt default contagion, terrible news on unemployment and housing, and a vicious political battle over raising the national debt ceiling, all of which conspired to send the averages nearly into ...
ECB Bond Buying 'Encouraging' as Shows Bang for Buck: Analysts' Comments
Bloomberg
... the region's fiscal crisis. The comments were collected from reports published by banks. The Frankfurt-based ECB said yesterday it settled purchases worth 22 billion euros ($31.7 billion) in the week through Aug. 12, more than the 15 billion-euro ...
No Bailout Needed For Community Bank System
Forbes
Community Bank System (CBU – Snapshot Report) is one such bank that bucked the trend and, as a result, didn't need a bailout or to slash its dividend during the financial crisis. The company recently delivered its eighth consecutive positive earnings ...
Markets cool on French, German proposals to shore up euro, including elected ...
Waterloo Record
... summits to respond to the continent's financial crisis. For many in the markets, the proposal fell short of hopes: a grand plan to save the euro and, in particular, a sign the eurozone was moving toward a single bond issued by the 17 countries. ...
Where the Bottom Is for Financial Stocks in a Scared Market
Seeking Alpha
The market reacts to this industry with such panic as the financial crisis is still fresh on every investors mind. Tuesday's loss within this industry had little to do with American banks and more to do with the European debt crisis. ...
Modern-Day Gold Rush
New York Times (blog)
By PETER LATTMAN Are today's volatile stock market and wobbly global economy presaging a repeat of the 2008 financial crisis? Or is the Great Depression of the 1930s more apt analogy? Looking at the photographs of Sarina Finkelstein, one might draw ...
COLUMN-Risk Management: Did fund managers learn their lesson?
Reuters
FRANKFURT Aug 17 (Reuters) - In the last decade investors and fund managers faced two major crises in the stock markets, the popping of the technology bubble in 2001 and financial crisisstarting in 2006. Portfolio managers suffered average losses of ...
Strategists take red pen to FTSE forecasts
Telegraph.co.uk
... an ongoing sovereign credit crisis in Europe, political challenges in the US, and a reopening of the debate on whether we are at a low point in the normal cycle or whether the 2008/09 financial crisis heralded a period of structurally lower growth. ..
An eclectic guide to the excesses of the crisis
Financial Times
By Andrew Hill By Satyajit Das In one of the few ill-judged passages in his new book, Satyajit Das attacks rival business authors for their hasty attempts to sum up the financial crisis: “Journalists go for the racy rippin' yarn, achieving an immediacy ...
Fed hawks at odds on reasoning for dissents
Reuters
Richard Fisher, president of the Federal Reserve Bank of Dallas, answers a question from the audience after delivering the 2009 Albert H. Gordon Lecture about the current financial crisis at the John F. Kennedy School of Government at Harvard ...
New era for renminbi? Don't bet on it
Financial Times (blog)
The redback was effectively re-pegged to the dollar at the height of the financial crisis; when the central bank set it free last June, it promised to deliver more two-way action, to prevent sustained appreciation from being such an obvious bet for hot ...
Yankee Bonds: Higher Risk, and Return
Fox Business
Since the financial crisis hit, American investors have shown a voracious appetite for Yankee bonds. In 2010, $643 billion worth of Yankee bonds were issued in the US, up from just $267 billion in 2008, according to Dealogic, a financial research and ...
Student-Loan Delinquencies Rise, Adding To Fears Of An Education Bubble
Huffington Post
Outstanding student debt has climbed 25 percent since the start of the financial crisis in 2008, according to the Federal Reserve Bank of New York -- an increase from $440 billion then to $550 billion now. By contrast, every other major category of ...
Fitch affirms Fannie, Freddie default ratings
BusinessWeek
The government rescued the two companies in September 2008 and has funded them since the 2008financial crisis. Taxpayers have spent about $150 billion to rescue them, the most expensive bailout of the crisis. Fannie and Freddie own or guarantee about ...
Switzerland Increases Efforts to Weaken Franc With Flood of Bank Liquidity
Bloomberg
The franc reached a record high against the euro on Aug. 9, reflecting investor concern that the region's fiscal crisis may continue to worsen. While the SNB trimmed borrowing costs to zero on Aug. 3, the currency continued to appreciate, ...
Post Newsletters & Alerts
Washington Post (blog)
Jim DeMint: "Mr. Bernanke has been one of the chief proponents of the Fed's easy money policy that created the current financial crisis. He ignored asset bubbles, dismissed concerns about the weakness of the dollar, and helped encourage the credit ...
Standard & Poor Cripples US Recovery
The National Interest Online
Having failed spectacularly with ratings of firms like Enron and Worldcom during the dotcom bubbles and assigned AAA ratings to thousands of worthless mortgage-backed securities in the leading up to the global financial crisis, Standard & Poor has ...
China feels after-effects of economic stimulus
Los Angeles Times
Beijing's massive program to shield its economy from fallout from the financial crisishas fueled inflation. Many construction projects, including malls and office towers, sit nearly empty. Housed in a five-story glass cube with a multiplex cinema and ...
China Commerce Minister: Sovereign Debt Problems In West Impacting Exports
Wall Street Journal
"The international financial crisis is putting greater pressure on and posing challenges to the stability of emerging markets," Chen said, adding China should ensure a consistent and stable macroeconomic policy. Chen said he believes the recent ...
Stocks firm...New employment plans...Euro support questioned
NECN
The figure would direct regular summits to respond to the continent's financial crisis. What was missing in their call was a grander plan to back the troubled euro. WASHINGTON (AP) — Wholesale inflation rose 0.2 percent in July. ...
On Economy, Raw Data Gets a Grain of Salt
New York Times
... the government announced in April that the economy had grown at a moderate annual pace of 1.8 percent in the first quarter, politicians and investors saw evidence that the nation was continuing its recovery from the depths of the financial crisis. ...
The Eurozone Financial Crisis: Feeding the Dragon | ZeroHedge
By Luc Vallee
As the eurozone banking crisis has morphed into a sovereign debt crisis, it is worth reconsidering the wisdom of appeasing the bond market in an attempt to stave off the possibility of default. As the Financial Times stated in an ...
Lessons learnt from the latest financial crisis | Investment Sense
By Phillip Bray
We saw worries in the Eurozone that the diseases of debt restructure and default might spread from Ireland and Greece to Italy, and Spain, even Belgium were included and there was an unfounded rumour that France would lose its AAA ...
Investment Sense
Kiwipolitico » Blog Archive » Really too big to fail.
By Pablo
In fact, with the exception of undeveloped failed states and microstates with minimal economic resources to promote, virtually all modern states can survive a fiscal crisis and default. Take Argentina, which in 2000 defaulted on its ...
Kiwipolitico
WE TOLD YOU HERE FIRST: MailOnline – Rise of the Fourth Reich, how ...
By maxkeiser
32 Responses to WE TOLD YOU HERE FIRST: MailOnline – Rise of the Fourth Reich, how Germany is using the financial crisis to conquer Europe. H.Lang | August 17, 2011 at 1:34 pm |. Max, did you lose relatives in a concentration camp? ... Every time I read his rants, I – as a german taxpayer – think: go f*** yourself, all of you, with your EURO we never asked for. I`buying Gold and Silver instead, because the coins don`t care whose bloody face is printend on it, be it the ...
Max Keiser
U.S. Dollar May 'Collapse' on New Financial Crisis, NBD Reports
17 (Bloomberg) -- A new financial crisis is likely in 2013 and the U.S. dollar may "collapse" as a result, the National Business Daily reported today, ...
www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/08/16/...

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