Greek default may be the shock Europe needs to act Independent Online Denial finally seemed to make way for reality last weekend when finance ministers largely accepted Greece would default. This means investors in Greek debt stand to lose between 20 percent and 50 percent of their investments. ... | ||
Ghosts Could Be Lurking in Banking Machines Wall Street Journal A big problem for investors is varied, sparse or confusing disclosure about derivatives exposures—even after the financial crisis showed that the inter-connectedness of firms is often as big a threat as their size. Indeed, in just the US, ... | ||
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New York Fed May Demand Liquidity Reports From European Banks BusinessWeek Euro-zone banks and other institutions were more than $350 billion in debt to the Fed's emergency-lending facilities at one point during the 2008-2009 financial crisis, according to data compiled by Bloomberg News. The analysis was based on Fed ... | ||
Korea's CDS premium jumps in September Korea Times By Kang Seung-woo The cost of insuring Korea's sovereign debt against a default rose dramatically in September, according to a state-run think tank Sunday. The heightened uncertainty surrounding the eurozone debt problems and the sluggish US economy ... | ||
Slovakia Wants a Plan for a Greek Default as Talks are Stuck Business Insider The finance minister of Slovakia said that the euro zone should prepare for a scenario of a coordinated default of Greece in order to prevent contagion. He awaits the report of the troika regarding Greece. The report might show that Greece's debt is ... | ||
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Ohio colleges seeing increase in number of students who default on loans | The ... The Republic The Columbus Dispatch (http://bit.ly/pnIpDx ) reports that Ohio's default rate for student loans was 8.5 percent as of Sept. 30, 2010 — making Ohio's the 18th-highest rate out of 54 US states and territories ranked by the US Department of Education. ... | ||
Column : Deepening fiscal crisis Financial Express : India was one of the few countries that recovered within four quarters of the global financial crisis. The swift recovery, combined with large fiscal deficit and debt in the country, prompted the exit from the stimulus. Thus, the fiscal consolidation ... | ||
Private Lending Frenzy Triggers Financial Crisis in China's Entrepreneurial Hub The Epoch Times (AFP/Getty Images) A serious financial crisis is underway in China's entrepreneurial hub of Wenzhou in the eastern province of Zhejiang, with a private lending frenzy sweeping throughout China. The Chinese regime's credit-tightening policy has forced ... | ||
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Crude Oil Analysis for the Week of October 3, 2011 OilPrice.com The possibility of a default by Greece was also a major weight on crude oil prices. The rise in the Greenback encouraged investors to flee commodities priced in dollars. Despite building negative sentiment, crude oil has held up quite well compared to ... | ||
2012 'stable' for GCC countries, says analyst Saudi urged to enhance ... Arab Times Kuwait English Daily According to these reports, the Arab region is projected to face a new financial crisis whose signs are represented in an increase in the value of assets of lands and high unemployment rates, especially after the eruption of revolutions in some Arab ... | ||
Financial Crisis as Opportunity Tucson Citizen by suzanne on Oct. 01, 2011, under The Right To Be Heard In this book , Douglas Rushkoff makes the observation that, "Most of us spend so much time working and consuming that we have very little time and energy left to anything that has to do with ... | ||
Investors Sing a New Tune—'Won't Get Fooled Again' Wall Street Journal The risk of Greece defaulting on its debt has some people worried about a repeat of the US-led financial crisis of 2008. Mr. Woolfolk sees "denial" in the talk of "if" that will happen. "We think it's just a matter of timing," he says. A default by ... | ||
Coming Week: 10 Reasons Black September Could Become Red October Seeking Alpha Until we've a credible plan to prevent a Greek default from becoming a global banking crisis, we suspect more, potentially much more, downside risk remains. We have a typically packed first week of the month, with the added drama of yet another month ... | ||
Saving the rich, losing the economy Tehran Times When financial crisis from excessive debt hit the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) their central banks could not print euros in order to buy up their bonds, as the Federal Reserve did with “quantitative easing. ... | ||
Copper ends down on Friday Ninemsn Copper ended down on Friday in its biggest quarterly loss since the height of the financial crisisthree years ago, as threats to the global economy gave rise to an increasingly bearish mood among investors. The economically sensitive metal lost more ... | ||
Currency Revulsion Credit Writedowns Clearly the US government cannot involuntarily default on a currency obligation it can manufacture in infinite quantities. The same is true in Japan or Australia. Ask yourself why Italy and why not Japan when thinking about highly indebted nations ... | ||
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Economic blueprint and eurozone turmoil Vanguard Few would forget very soon, if not for life, the financial crisis which shook most of the Western economies – starting with the meltdown in mortgage sector in the US and moving to Europe three years ago. The capital markets were devastated across the ... | ||
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Greek Ills Infect the Neighbors Wall Street Journal Those two markets, which had managed to defy debt concerns for much of the year, joined the selloff as fresh growth worries and fears of contagion from the periphery persuaded investors to dump even the safest, most liquid stocks. ... | ||
Ohioans struggle to repay student loans Columbus Dispatch “The economy has not gotten much better in the past year, and if anything it will get a little worse, which means higher student-loan-default rates for the near future,” said Laura Meek, financial-aid director at Ohio Dominican University. ... | ||
Investors Sour on Developing World Wall Street Journal By MATT WIRZ Investor disenchantment with emerging-market stocks intensified in the third quarter amid mounting fears of slowing global growth and financial contagion. The MSCI Emerging Markets Index 23% over the quarter, compared with 17% for all ... | ||
The World Prepares to Default | Idril's Blog By Idril Dangerfield Greece is a goner and they're just trying to figure out how to make it an orderly default. The world is preparing to default. To top it all off it looks like all the lending the banks and government were doing in China to prop up the bubble wasn't ... Idril's Blog | ||
TEDx Talk on the REAL cause of the Financial Crisis « Jem ... By jembendell The Knight agrees you can keep the tokens with one condition – that he has the option to take from you 11 tokens at the end of the year, or seize your assets if you default. As you find the tokens so helpful, you agree. A few months go by, and ... Jem Bendell's Journal | ||
The Real Costs of the Financial Crisis — Suicide and Heart Attacks ... Behind the massive job losses and shrinking government budgets stemming from the global economic meltdown are a host of other social problems. www.bnet.com/blog/financial-business/the.../16269 | ||
Flying PIIGS by Gary North The Greek government is going to default on its interest payments to the bonehead European bankers and ... Big banks are loaded with other PIIGS debts . 5. ... www.lewrockwell.com/north/north1040.html Stocks Finish Worst Quarter Since Financial Crisis TheStreet.com All three major US indices lost more than 10% during the third quarter, making it their worst since the financial crisis kicked into gear in late 2008 following the implosion of Lehman Bros. The Dow Jones Industrial Average closed just four points ... 'Europeans Finally Get It' Wall Street Journal Reality: This is at least the fifth wake-up call for Europe's leaders to prevent a disorderly default of sovereign debt by Greece and possibly other southern European countries. Rex Nutting, MarketWatch's Washington-based international commentary ... |