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

Thursday, September 1, 2011

Credit-Default Swap Indexes Fall in Europe


Credit-Default Swap Indexes Fall in Europe on Speculation of Fed Stimulus
Bloomberg
(Source: Bloomberg) The cost of insuring against default on sovereign and corporate debt fell on speculation the Federal Reserve will stimulate growth in the world's largest economy. The Markit iTraxx Crossover Index of credit-default swaps on 40 ...
Energy Future Credit-Default Swaps Drop as Junk Debt Rebounds
San Francisco Chronicle
Credit-default swaps on the Dallas-based company, formerly called TXU Corp., dropped 1.2 percentage points to 52.5 percent upfront as of 5 pm in New York, according to data provider CMA. That's in addition to 5 percent a year, meaning it would cost ...
Don't Ask Economists What Caused The Financial Crisis
Huffington Post
Because some of them don't have a clue or It wasn't a financial crisis as much as it was credit crisis. That problem was solved within a few months. The recession occurred due to the Real Estate bubble and if there is poor economic activity now, ...
Euro zone banks: How to avoid the doom loop
Globe and Mail
The euro zone could easily fall into a self-reinforcing cycle of bank and government debtdefault. Christine Lagarde of the International Monetary Fund has a solution: more bank capital. There is a better way. The cycle could start if sovereign debt ...
Swaziland fiscal crisis deepening, IMF says
Reuters Africa
By Ed Cropley JOHANNESBURG Aug 31 (Reuters) - A fiscal crisis gripping Swaziland, Africa's last absolute monarchy, is deepening despite an emergency $370 million loan from South Africa earlier this month, the International Monetary Fund (IMF) said on ...
Ruling in Qwelane case nears
Independent Online
Last week, Qwelane applied to the motion court for the rescission of a default judgment granted against him, so he could start afresh with the matter. In April, he was found guilty of hate speech, but he was not present at the default judgment due to ...
Opinion Today: What caused the financial crisis that shook the world?
Syracuse.com
Wednesday's Topic: Economists can't agree on the cause of the financial crisis. Mark Thoma of The Fiscal Times covered a convention of financial geniuses from around the world and discovered no one really knows why the world is in such financial ...
Greek Collateral Could Mean Imminent Default
Benzinga
This not only raises the tensions within the euro zone, but may also trigger a default and a credit event. Meet the "negative pledge" clause. The upcoming bond swap isn't expected to trigger a credit event, as it is "voluntary". ...
Fiscal Crisis and Foreign Policy
American Spectator (blog)
But the fiscal crisis is more dire than in the past. Standard & Poor has already downgraded the US government's credit rating. No matter what motivates Republicans, simple arithmetic means growing interest on the national debt plus entitlements is ...
FTSE suffers worst run since financial crisis
Telegraph.co.uk
The FTSE 100 has suffered its longest losing streak since the financial crisis, despite closing August with a strong finish. By Emma Rowley Britain's benchmark share index dropped 421 points or 7.2pc over a rollercoaster August to close at 5394.53 on ...
Goodrich 5-year Credit Default Swap rises 0.19 basis points, for a 3-day rise ...
Military & Aerospace Electronics
Goodrich 5-year Credit Default Swap (GR.US) rose for a third day on Monday bringing its three-day rise to 0.93 basis points or 1.3%. The CDS spread rose 0.19 basis points (or 0.3%) to close at 71.44 basis points Compared to Treasuries, Goodrich 5-year ...
Swaziland Needs Supplementary Budget as Fiscal Crisis Deepens, IMF Says
Bloomberg
By Gordon Bell - Wed Aug 31 14:45:02 GMT 2011 Swaziland's fiscal crisis is worsening and the country will continue to face severe liquidity constraints in coming months even after South Africa agreed to an emergency loan, the International Monetary ...
Corning Incorporated 5-year Credit Default Swap decreases 1.05 basis points ...
Laser Focus world
Corning Incorporated 5-year Credit Default Swap (GLW.US) fell 1.05 basis points (or 1.1%) to close at 91.35 basis points. The CDS fell for a second day on Tuesday bringing its two-day fall to 3.24 basis points or 3.4%. A decrease in spread is a bullish ...
Financial crisis in developed world may hit growth rate of Indian inbound
TravelBizMonitor
By P Krishna Kumar | New Delhi The travel and tourism industry across the globe is keeping its fingers crossed with another spell of recession looming large over the developed countries as a fallout of the recent credit crisis in USA and the sovereign ...
Obama Justice Department Forces Banks to Make Risky Loans, Planting the Seeds ...
OpenMarket.org
The Obama administration's demands suggest it learned nothing from the financial crisis, which was caused partly by “diversity” mandates and affordable housing mandates that encouraged lending to people with bad credit scores who later defaulted on ...
Forex: Euro may strain on renewed Greek default fears
NASDAQ
"Not only does this suggest default is now all but certain and will come soon, it also implies that the terms of the default will be particularly brutal for investors, with recovery rates possibly even lower than the currently anticipated 50%," writes ...
RealClearPolitics - The Financial Crisis Was Born From 2000-2001
By Brian Domitrovic, Forbes
What caused the crisis of 2008, which we still live with today in the form of 1% growth and 9% unemployment? The common answer is that the crisis resulted from congenital issues. Our form of capitalism is flawed, our nation is in the early ...
RealClearPolitics - Homepage
Global Economy: Fully Fledged Credit Crisis May Be Ahead: Author ...
The world could be heading into another fully fledged credit crisis, according to Satyait Das, the author of Extreme Money: Masters of the Universe and the Cult ...
www.cnbc.com/.../Fully_Fledged_Credit_Crisis_May_Be_Ahe...
Demands may trigger Greek default - Boston.com
LONDON - Finland's demands for collateral on loans to Greece may trigger a default on $26 billion of bonds sold by Europe's most-indebted country.
articles.boston.com/.../29932144_1_greek-bonds-greek-gover...
Despite Financial Crisis, Renewables Surged Forward in 2010 ...
It seems that 2010 was yet another record year for wind power, which was propelled to a global installed total of 200 GW by 39.4 GW of new capacity over the ...
www.renewableenergyworld.com/.../despite-financial-crisis-re...
cryptogon.com » Credit Default Swaps Indicating Market Crash ...
Credit Default Swaps Indicating Market Crash Might Be Weeks Away ... recorded during financial crisis caused by the US financial group's implosion nearly three ...
cryptogon.com/?p=24507
Bond investors expect Sino-Forest default - FT.com
Bond investors are anticipating that Sino-Forest, the Chinese forestry group accused of fraud, willdefault on its $1.3bn of debt, in what would be one of the ...
www.ft.com/.../f584d5ac-d226-11e0-9137-00144feab49a.htm...
S&P/Experian: Default Rates Decline Monthly and Annually
Default rates on both first and second mortgages declined in July, according to the S&P/Experian Consumer Credit Default Indices. Second mortgage defaults ...
www.dsnews.com/.../sp-experian-default-rates-decline-monthl...
Collateral spat sparks new Greek default fears - MarketWatch
Little more than a month after euro-zone leaders presented a united front on a second rescue package for Greece, a spat over collateral and other issues is ...
www.marketwatch.com/.../collateral-spat-sparks-new-greek-de...

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