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

Sunday, September 11, 2011

Germany studies potential impact of Greek default

Germany studies potential impact of Greek default
Reuters
BERLIN, Sept 10 (Reuters) - Germany's Finance Ministry is studying the potential impact of a Greek debt default, working through scenarios which include Greece abandoning the euro to reintroduce the drachma, Germany's Der Spiegel magazine reported on ...
Greece vows to avoid default
Financial Times
By Kerin Hope in Athens George Papandreou has vowed to fully implement reforms demanded by international lenders so that Greece will be able to avoid default and remain a member of the eurozone. The Greek prime minister told officials from his ...
Truglia Says Greece Is `Very Close' to Debt Default
Washington Post
9 (Bloomberg) -- Vincent Truglia, managing director at Granite Springs Asset Management, talks about the likelihood of a possible default on Greek sovereign debt. Finance Minister Evangelos Venizelos dismissed "rumors" of a Greek default, ...
Another Sign Greece Will Default
Business Insider
Charlie Munger For anyone paying any, even casual, attention to the Greek –and the-yet-to-occur-but-will-most-likely-happen corresponding restructuring of the European Union – financial crisis, Greece not only currently teeters on the brink of default, ...
Govt pushing 9 IPPs to default on power generation
The News International
The financial mandarins of the government are forcing 9 IPPs – that served notices to the state-run power purchaser and the government last month – to default on electricity generation by halting payments, including Normal Daily Payments (NDPs). ...
The OpenJDK as the default Java on Linux
Java World
Recently I've received a bunch of private correspondence from people confused/worried over the change in the default Java packaging for Linux. For many Linux distributions, the official Sun/Oracle version of Java has been packaged up as the default ...
PSO needs Rs50 billion to avert default
Pakistan Times
Sources said that PSO needs this amount latest by 15/16 of the current month, as its total outstanding amounts were as high as of Rs90 billion out of which Rs50 billion was required urgently for averting default. Additional secretary, ministry of ...
Greek Default Nearing?
Coosa Valley News
Greece appears close to default. After a year and a half, of European plans, the end appears to be nearing. Greek attempts to meet European austerity demands are sending the economy into a serious slide at the same time more European countries are ...
Fitch Affirms NewStar Trust 2005-1; Revises Recovery Ratings
MarketWatch (press release)
The discounted cash flows yield a recovery projection in a range between 50-70% for the class D notes and less than 10% for the class E notes in a base-case default scenario. Recovery Ratings are designed to provide a forward-looking estimate of ...
Did 9/11 Cause the Financial Crisis?
Tapped
The wars ended up exacerbating the two biggest disasters of the last decade: the first being hurricane Katrina, the other, the financial crisis. Like Katrina, the financial crisis would not have been so severe had our response to 9/11 not set the stage ...
Veolia Environnement 5-year Credit Default Swap rises above Moving Average ...
Waste Management World
Veolia Environnement 5-year Credit Default Swap (VIE.FR) has risen above its trend. The 200-day moving average spread (MAS) was 100.41 basis points. The spread to 200-day MAS ratio is 1.96, a bearish indicator. In the past 200 days this ratio has ...
Specter Of Greek Ruins Slams Stocks, Takes Treasury Yields To Lows
Forbes
The immediate concern now is Greece, where failure to implement austerity measures successfully or to improve the near term fiscal situation makes a default increasingly likely. On Friday, five-year Greek credit-default swaps indicated a 92% chance ...
Jim Rogers: Buy All The Euros You Can If Greece Defaults
Business Insider
A Greek default may lead to a default in Italy, Spain and elsewhere, causing massive selling in the euro. Jim Rogers says in this likely scenario -- which could begin this weekend -- you should buy the dip. He told CNBC yesterday (via @_alea): If this ...
Corning Incorporated 5-year Credit Default Swap rises 0.88 basis points rising ...
Laser Focus world
Corning Incorporated 5-year Credit Default Swap (GLW.US) widened 0.88 basis points (or 1.0%) to close at 91.02 basis points. The CDS rose for a second day on Friday bringing its two-day rise to 1.68 basis points or 1.9%. An increase in spread is a ...
G7 meets to discuss financial crisis
Press TV
This, technically, is a default. Now, the problem is not whether there is a default or not but what kind of arrangement debtors and creditors can agree and maintain to address a problem which is because both would like to see it resolved,” Padoan added...
Stocks: All eyes on Greece and inflation
CNNMoney
By Maureen Farrell September 10, 2011: 10:09 AM ET Markets dropped sharply Friday as rumors of a possible Greek default circled the globe. The default could come as early as this weekend. Whether or not something happens in Greece will largely rule ...
David Kuo: In spite of the gloom, you can beat the market
The Independent
For instance, Josef Ackermann, the chief executive officer of Deutsche Bank, reckons market conditions remind him of the 2008 financial crisis, which spawned the worst global crisis since the Depression. The second bailout for Greece is showing signs ...
Thales 5-year Credit Default Swap rises above Moving Average Spread (MAS ...
Military & Aerospace Electronics
Thales 5-year Credit Default Swap (HO.FR) has risen above its trend. The 200-day moving average spread (MAS) was 82.11 basis points. The spread to 200-day MAS ratio is 1.45, a bearish indicator. The CDS is trading above both its MASs and the 50-day MAS ...
Week Ahead: Europe continues to be a hurdle for markets
Moneycontrol.com
Rumors that Greece was close to default added to Friday's global equities selloff and is keeping markets on edge even though Greek officials denied the rumors and no payments are due for several weeks. There is a flurry of US economic data in the ...
Greek Default Imminent - Eurozone Crisis Escalates
mi2g
We have warned about this step-by-step Eurozone break-up scenario for the last several years, since before the start of the global financial crisis in 2007; 4. Monetary union without fiscal union was always going to be a recipe for Eurozone chaos which ...
Stocks Skid 2.7% Friday on European Fears
Barron's
Investors realized last week that a resolution to Europe's financial crisis may be far more important to the future of the US financial markets than just about anything President Obama can say or the Federal Reserve can do. A rumor Friday morning that ...
Statement by Herman Van Rompuy President of the European Council following his ...
IEWY News
Finland is an excellent example of a country that was able to overcome tough challenges following a major financial crisis in the early 1990′s through responsible economic policies on the fiscal and structural sides and drawing fully the lessons of ...
MIDAS: Remedial action sees GKN firing on all cylinders
This is Money
By Joanne Hart, Investments Editor The financial crisis of 2008 hit the world by surprise and the suffering was almost universal. Countless businesses saw sales and profits slump, dividends cut and investment slashed. Weaker companies fell by the ...
TOURISM: Inland hotels still challenged to book guests
Press-Enterprise
The hotel market began to resemble the housing market with properties falling into default, and foreclosure buyers stayed away until the price was too good to refuse. New construction had been a rare occurrence since 2008. While the economy continues ...
Hong Kong Property: Further Warnings On Macro Risks
Business Insider
We know that the European banking system will be in turmoil due to the exposure to sovereign debts, and we should be worried about the contagion to other sovereigns after Greece default. At the same time, as the Euro is crashing, US dollar has ...
Real estate, unreal times
Business Standard
The US financial sector used exotic derivatives such as credit default swaps, and subprime bundled loans and so on, to hyper-inflate the bubble. But some flawed assumptions made most US institutions and rating agencies complacent and those beliefs are ...
Calculated Risk: Greece: Articles on financial crisis
By CalculatedRisk
The Greek prime minister will face a hostile audience on Saturday when he makes a key economic policy speech ... his finance minister was on Friday forced to dismiss market speculation that the country might default over the weekend ...
Calculated Risk
Preparing for a Credit Crisis
By John Mauldin
The markets are pricing in an almost 100% certainty of a Greek default (OK, actually 91%), and the rumors in trading circles of a default this weekend by Greece are rampant. Bloomberg (and everyone else) reported that ... More on the contagion factor below. “The existence of a 'Plan B' underscores..... While they are reportedly reducing their exposure, there is some $1.2 trillion still in euro-area institutions that have PIIGS exposure.) Look at the following graph from the St. Louis Fed. ...
Thoughts From The Frontline
The Imminent Greece Default | antti.vilpponen.net
By Antti
I've been watching the stockmarket quite closely in the recent days and one thing that sends shivers throughout the globe is the imminent Greece default that is looming behind the corner. While watching stocks, I keep the Bloomberg TV open ...
antti.vilpponen.net

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