Financial Crisis Feels Like Great Depression to Gen Y
By Lee Barney, Money Management Executive The dotcom crash and the Great Recession have taken a serious and lasting toll on the risk appetites of Generation Y, according to the latest MFS Investing Sentiment Survey. This generation, between the ages of ...
EU Centered Credit Crisis Continues
The 2011 Credit Crisis continued Tuesday with the Stoxx Europe 6000 index hitting a two-year low, the Swiss taking desperate measures to control the franc, more record high prices for credit default swaps (bond insurance) on British Banks and yields on ...
Financial crisis in the US and the eurozone
MSN Philippines News
- 21: Eurozone leaders agree on a new bailout of Greece totalling 159 billion euros ($223 billion), involving for the first time private bondholders such as banks. Greece's debt comes to some 350 billion euros, more than 150 percent of GDP. ...
Jeld-Wen faces default deadline
As it tries to sell $575 million in bonds, troubled Klamath Falls-based window and door manufacturer Jeld-Wen Inc. is also facing a tight deadline to avoid defaulting on a half-billion dollars in bank loans. According to The Oregonian, an analysis by ...
Obama and Romney mostly agree on taxes
Washington Post (blog)
Morgan Stanley says the question isn't whether governments will default. It's how they will default. The IMF says there's no reason any governments should default, and makes an interesting point on the difference between primary-deficit problems and ...
Fitch Downgrades Springleaf Finance's IDR to 'CCC'; Rating Watch Removed
MarketWatch (press release)
Barring an increase in funding alternatives, Fitch believes that ownership may seek to engage in a restructuring of the firm's capital structure, which could lead to a restricteddefault on the IDR and all classes of debt, if Fitch believes there is a ...
Report Says Death of Euro Will Lead to Doomsday
The New American
The report reads: Were a stronger country such as Germany to leave the Euro, the consequences would include corporate default, recapitalization of the banking system and collapse of international trade. If Germany were to leave, we believe the cost to ...
Saab files for voluntary reorganization amid financial crisis
By wendyzachary Swedish carmaker Saab has forecasted a substantial loss for the year due to its funding crisis since April and has decided to seek bankruptcy protection for a second time. The bankruptcy protection would entail a voluntary ...
Goodrich 5-year Credit Default Swap falls 0.09 basis points, ending a two-day ...
Military & Aerospace Electronics
Goodrich 5-year Credit Default Swap (GR.US) fell 0.09 basis points (or 0.1%) to close at 70.22 basis points, ending a two-day streak of rises. A decrease in spread is a bullish signal. The change in insurance premium against default on a 5-year $10 ...
Greek default event question of the day [updated]
FT Alphaville (blog)
Moratorium is one of the standard credit events in Western Europe sovereign CDS contracts after all, and there are a number of cross-default provisions in some Greek bonds. Update: Argh. That was dumb of us, or a case of putting 2 and 2 together and ...
SAP: Financial Crisis So Far Hasn't Hit Wider Economy
XE) Wednesday said the current financial crisis so far hasn't hurt the wider economy. There is no reason to change the company's full-year forecast, SAP Chief Financial Officer Werner Brandt said at an investor event. SAP expects software and ...
County fiscal crisis moves on briskly
Muncie Star Press
By the end of this day, financial reality surely will have sunk into the heads of elected officials of Delaware County. The Delaware County Council on Tuesday started two afternoons of 2012 proposed budget reviews for all county departments. ...
Lloyds Banking Group, RBS: Credit default swaps spike to alarming new high
Credit default swaps are the insurance banks such as Lloyds Banking Group and RBS take out against borrowers becoming unable to payback debt. The Telegraph reports: "At yesterday's close, RBS credit default swaps were quoted at 355 basis points, ...
Turkish Government ignores Armenian property rights lawsuit, court enters default
By Times.am at 7 September, 2011, 11:57 am “The Turkish government is now in default after ignoring a lawsuit brought against it and two Turkish banks over reparations for land in southern Turkey seized from Armenians during the Armenian Genocide (Alex...
Markets: Wall Street falls as contagion fears spread
Financial sector stocks lead downward movement as fears over the affect of potential writedown against eurozone sovereign debt mount. Fears over the likely affect of writedowns against eurozone sovereign debt, which plagued European markets on Monday ...
In Praise of Sovereign Default | Gold News
By Eric J.Fry
But overly indebted entities will default, just as inevitably as flying pigs will hit the pavement. The glide path of Greece's financial condition is obvious. This pig is heading for the pavement, as are all the other PIIGS nations, which is why the ...
Gold News - Gold Market Analysis...
Default Predictors in Retail Credit Scoring: Evidence from Czech ...
Credit to the private sector has risen rapidly in European emerging markets but its risk evaluation has been largely neglected. Using retail-loan banking data from the Czech Republic we construct two credit risk models based on logistic ...
Grahnlaw: WEF: PIIGS competitiveness rankings
The Global Competitiveness Index 2011-2012 rankings for the so called PIIGS are (out of 142 countries and territories): Portugal 45. Ireland 29. Italy 43. Greece 90. Spain 36. Ralf Grahn. Posted by Grahnlaw at 11:04. Labels: competitiveness ...
US Postal Service on 'Brink of Default' | NC Rumors
By Michael Bowman
by Michael Bowman on September 7, 2011. One of America's oldest institutions, the U.S. Postal Service, is teetering on the edge of default and must be radically restructured. That, according to the postmaster general, who spoke on Capitol ...
CRASH 2 EXCLUSIVE: WHY MERKEL WILL IGNORE GREEK ...
By John Ward
Trichet, Lagarde know that eurobank capital adequacy not enough to survive Greekdefault. The next 'Troika' review of Greek progress is due to take place this coming Sunday – the 10th anniversary of 9/11. This will show that the Athens ...
The PIIGS Fleecing Of Europe Continues Even As Italy Promises To ...
The PIIGS Fleecing Of Europe Continues Even As Italy Promises To Implement Another "Austerity" Package Imminently. Share. From: Zero Hedge. 10:31am - September 7, 2011. The first Italian austerity package has not even properly failed ...
TDIMG Inside Edition – 9/7/2011: Sharks Circling Greece (Default ...
By The Disciplined Investor (The Disciplined Investor)
At these rates, Greece should theoretically default within days or weeks. There is no way that the country will be able to pay the amounts needed to fund their borrowing needs if their debt is sold to the public. Fortunately there has been the ...
The Disciplined Investor