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

Sunday, September 18, 2011

EU Meeting Ends Without Major Progress

EU Meeting Ends Without Major Progress
TheStreet.com
But Greece's finance minister, Evangelos Venizelos, rejected talk that his country was headed toward default, Reuters reported. "The comments and analyses about an imminent default or bankruptcy are not only irresponsible but also ridiculous," Finance ...
Suddenly, Over There Is Over Here
New York Times
A crucial mechanism linking financial players in the United States to the problems in Europe involves credit default swaps, those insurance-like products that did so much damage during the 2008financial crisis. (Think American International Group. ...
The Market Awaits FOMC Meeting
International Business Times (press release)
Sentiment waxed and waned as investors were torn between fears of a Greek default and the dry-up of European banking system, and finance leaders' commitments to resolve the problems. Earlier in the week, credit risk in the European banking system has ...
China's Puzzling Numbers
China Digital Times
In 1998, the Asian Financial Crisis brought the region's economy grinding to a halt …. China was not immune to the effects …. But if the economy was indeed sliding into recession, it was not evident to the National Bureau of Statistics. ...
Market expert says Greece offers more investment opportunities than risks
BusinessGhana
A Greek default could trigger a global recession worse than the one ignited by the 2008 collapse of Lehman Bros Holdings, but "is not on the plate," according to a confident Greek investor and market expert George Kofinakos who sees "more investments ...
Russian media magnate Lebedev punches debate rival
AFP
MOSCOW — Russian billionaire Alexander Lebedev, owner of two leading British newspapers, punched a man in the face during a television debate on the financial crisis to be aired on Sunday. A clip posted on the NTV television channel's website shows ...
Fiddling while Athens burns
Sydney Morning Herald
Both are reacting in their own way to the financial jitters in Europe, where the markets are worried Greece will default on repaying its debts. Well, not so much worried as convinced there's a 98 per cent chance of it not paying interest on its bonds ...
Greece looks likely to default, but keep euro @ Forex Factory
By From business-standard.com
Greece looks likely to default, but keep euro - Greece will likely default on its sovereign debt within a year after it exhausts the patience of its euro zone partners, but there is only a one-in-five chance it will leave the 17-nation euro zone...
Forex Factory
Is September 20 Greek Default Day? - Wall Street - eWallstreeter
From Peter Tchir of TF Market Advisors Is September 20 Greek Default Day? If Greece is going todefault, September 20th seems to be as good a day as any. Actually, it is far better than most to be GD-Day. Two big bonds, the 4.5% of 2037 ...
eWallstreeter
White House Worried Solyndra Default Could Hurt Re-election ...
By V2A
410633http%3A%2F%2Fvisiontoamerica.org%2F4106%2Fwhite-house-worried-solyndra-default-could-hurt-re-election-campaign%2FWhite+House+Worried+Solyndra+Default+Could+Hurt+Re-election+Campaign2011-09-17+00%3A04% ...
Vision to America
ISDA and S&P Indices to Co-brand S&P Credit Default Swap Indices ...
By RSS Feed
NEW YORK, Tuesday, September 13, 2011 – The International Swaps and Derivatives Association, Inc. (ISDA) and SP Indices announced today that they will co-brand SP's existing Credit Default Swap (CDS) Indices as SP/ISDA CDS Indices. ...
Clearing and Settlement — Clearing...
Credit Crisis the Result of Greatest Financial Crime in World History ...
By FINANCIAL SENSE
Where are all the convictions? The S&L Crisis was the last major case of domestic fraud resulting not only in major U.S. bank failures but also th...
ConcealedPolitics.com
FresnoBee.com News Blog: Loan default rates climb, along with ...
By Heather Somerville
The latest data on student loan default released this week by the U. S. Department of Education offers another glimpse into the perfect storm brewing in higher education. Rising tuition has forced students to take on more loans, and graduates ...
FresnoBee.com News Blog
Geithner calls for bolder, unified Euro zone measures to stem ...
By Lucianne.com
Geithner calls for bolder, unified Euro zone measures to stem financial crisis. Washington Post, by Neil Irwin & Michael Birnbaum Posted By: Photoonist- Sat, 17 Sep 2011 20:09:53 GMT Treasury Secretary Timothy F. Geithner delivered an ...
New Media Blog
Default Notices Spike in August | Mortgage 101 Blog
By Amber Nelson
Default notices sent out to U.S. households jumped 33 percent in August from the previous month, according to data from foreclosure data company RealtyTrac, a sign that banks are finally starting to get the foreclosure wheels turning again. ...
Mortgage 101 Blog
German Economists Urge Government To Consider Greek Default ...
By Apostolos Papapostolou
A group of 16 prominent German economics professors has signed a declaration urging the German government to take into consideration the possibility of a.
Greece.GreekReporter.com Latest...
Tensions intensify in the euro area on possible Greek default, U.K. ...
By ecPulse.com
Last week, worries intensified in the markets that Greece will face a default, adding to concerns... For more information, read our latest forex news and reports.
Currencybiz.com
PIIGS Lifeline Rallies Stocks -- For Now - Real-Time Advice ...
The move to pump dollars into struggling European banks could provide more relief for investors.
blogs.smartmoney.com/advice/.../lifeline-rallies-stocks-for-no...
White House Emails: Solyndra Default Would Not Look Good For ...
An email sent from a White House budget official to a co-worker earlier this year showed that the potential failure of a solar power company, whose financial ...
www.foxnews.com/.../white-house-emails-solyndra-default-wo...

Debt crisis a historic challenge to European unity
CBS News
(AP) WROCLAW, Poland — The latest backdrop for European financial crisis talks was Wroclaw, Poland — or Breslau, as the picturesque city on the Oder River is still known in Germany. As Europe's finance chiefs bounce from meeting to meeting trying to ...
Greek debt default looks likely, says QNB Capital report
Peninsula On-line
At the same time, contagion appeared to be spreading to two much larger economies—Italy and Spain. The European Central Bank (ECB) intervened by purchasing Italian and Spanish bonds, which drove down yields. Juergen Stark, the ECB's chief economist, ...
Talk of Greek default ridiculous- Greek finmin
Reuters
ATHENS, Sept 17 (Reuters) - Greece's finance minister on Saturday dismissed talk that the overborrowed country would default and said Prime Minister George Papandreou cancelled a trip to the United States because tough decisions had to be made ...
German govt sniping over financial crisis persists
Boston Globe
BERLIN—Sniping between members of the center-right coalition over the ongoing European debt crisis persisted Saturday, with Germany's opposition pledging support for Chancellor Angela Merkel in shoring up the euro in exchange for new elections. ...
Key economic aides undermined Obama during US financial crisis, says new Ron ...
New York Daily News
BY Thomas M. Defrank A new book claims members of Obama's economic team, including Larry Summers (second from left) and Tim Geithner (second from right), undermined the President at the height of the financial crisis. How do you think President Obama ...
German banks at risk if debt crisis widens: Bafin
Reuters
BONN (Reuters) - A widening of the euro zone debt crisis beyond a Greek government default would pose an incalculable risk for Germany's banks, a top German regulator said in an interview. "A Greek government default cannot be seen in isolation," ...
Noonan Says He Expects Greece to Get Next Payment, Dodge Default
Bloomberg
By Sara Eisen and Rebecca Christie - Sat Sep 17 10:26:47 GMT 2011 Irish Finance Minister Michael Noonan said European finance ministers and central bankers didn't discuss the prospect of a Greek debt default during their meetings in Poland. ...
Dutch Fin Min Sees Significant Impact In Case Of Financial Crisis
Wall Street Journal
AMSTERDAM (Dow Jones)--The Dutch finance minister said it sees a significant impact from afinancial crisis, he said in a letter to the parliament, portions of which were made public Saturday. If the sovereign debt crisis in some of the euro zone's ...
FEBP Website Releases 2009 Cohort Default Rate Data
New America Foundation (blog)
Earlier this week, the US Department of Education released data by institution of higher education on the federal student loan cohort default rate. These data show the percentage of a school's borrowers who entered repayment on federal loans in fiscal ...
Thales 5-year Credit Default Swap decreases 2.05 basis points falling for a ...
Military & Aerospace Electronics
Thales 5-year Credit Default Swap (HO.FR) fell 2.05 basis points (or 1.7%) to close at 116.2 basis points. The CDS fell for a fourth consecutive day on Friday bringing its four-day fall to 6.89 basis points or 5.6%. A decrease in spread is a bullish ...
Brazil's infrastructure investments help fight financial crisis
Xinhua
16 (Xinhua) -- Brazilian President Dilma Rousseff said Friday that investing in large infrastructure projects is a deliberate strategy to counter the impact of the global financial crisis. "Keeping investing heavily in infrastructure is part of our ...
Third Anniversary of the Financial Crisis of 2008: Lessons Learned
Technorati
It talks about all the complicated investment securities that have become synonymous with the financial crisis: credit default swaps, derivatives, collateralized debt obligations, mortgage backed securities, synthetic default swaps, subprime mortgages, ...
Point the EU profligates towards the exit pronto
Herald Scotland
With a high risk of Greek bond default and a contagious sovereign debt crisis, there is a real danger of another credit market seizure. The banks, French banks in particular, could buckle, crippling the entire system and tipping half the world back ...
August Posts 33 Percent Spike in Foreclosures
Bryan Ellis Real Estate Letter
33 percent more US homes received an initial default notice in August over July – the biggest monthly gain in four years[1]. While an initial notice does not guarantee a foreclosure, the spike does seem to indicate that lenders are done waiting for ...
Markets Remain In a Trading Range While Preparing For a Greek Default
Stock Markets Review
Gold prices fell before the Crash of 1987 and during the early part of the Financial Crisis in the fall of 2008. When the going really gets tough, precious metal prices can fall too. After declining as much as 170 points Monday morning, the DJIA was up ...
German govt sniping over financial crisis persists
Newsday (subscription)
Click here German govt sniping over financial crisis persists Originally published: September 17, 2011 8:29 AM Updated: September 17, 2011 1:41 PM By The Associated Press (AP) -- Sniping between members of the center-right coalition over the ongoing ...
The new Weimar Republic is here and it's a lottery
Times LIVE
European Union policymakers have been trying their best to weasel out of the grim issue of creditdefault swaps, which are bought as insurance against entities (either private or sovereign) going bust. So far, the suits have put up a variety of ...
No Borrower No Lender Yet Willful Defaulter
Moneycontrol.com
The question facing the 2 judge bench was- Whether default under a derivatives transaction can be termed as 'Willful Default'? Now, the who, what, how of Willful Defaulting is governed by the RBI. Its Master Circular defines Willful Default to include ...
From the Desk of Peter Tchir: "Is September 20th Greek Default Day?"
EconoMonitor (blog)
If you ever wanted some hand holding from your leader, it would be at a time of default. He would have to be in country to calm things and mention all the deals he put in place last week on the conference call. None of the headlines from Poland or ...
Exploring the potential for alternative worlds at Burning Man
Institute for Ethics and Emerging Technologies
Indeed, the Burner term for the real world is “default society,” and after a few days at Burning Man one can't help but gain a growing appreciation for what that actually means. Take the sheer numbers for example. Over 55000 people are packed into an ...

Euro Crisis - Google News

Fiscal Cliff - Google News

Economics, interest rates, house prices, inflation, Bank of England

Markets News - Global Financial Market News

Financial Crisis

Jeremy Warner - Finance and business comments

Ambrose Evans-Pritchard - Finance and business comments

Jeff Randall - Business and politics comments

New Normal News

Views under the Palm

johnyah