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

Wednesday, November 30, 2011

Eurocontagion: Europe Has Three Choices

European Financial Crisis - Europe Has Three Choices, Including ...
3) A "middle ground" in which a "smaller but stronger euro zone" emerges where as many as three countries default on their debt and exit the EU. "We are no longer looking at what we call a traditional bell curve where there is one dominant ...
CNBC Top News and Analysis
CNBC's Jim Cramer Explains How the European Credit Crisis ...
By Brian
CNBC's Jim Cramer Explains How the European Credit Crisis Impacts the U.S.: We are at “DEFCON 3 – Two Stages from a Financial Crisis So Huge it's Hard to Get Your Mind Around” – Video 11/28/11. PART 1 ...
Freedom's Lighthouse
UPDATE 2-Brazil's Lupatech shares dive on default concern | Reuters
Default worries grow on restructuring amid market gloom* Investors see capitalization diluting stock value* Shares down 26 percent to record low, bond yields ...
www.reuters.com/.../11/.../lupatech-idUSN1E7AN14N201111...
The global financial crisis and developing countries: which countries ...
The global financial crisis is already causing a .... concerned more about the financial crisis than recent ... First, there could be financial contagion and spillovers ...
www.odi.org.uk/resources/docs/3339.pdf
AMR pension default would set record, if sought
Baltimore Sun
WASHINGTON (Reuters) - A full pension plan default by bankrupt American Airlines would be the largest in US history if it occurred today with those accounts running $10 billion short of what the carrier owes its workers over many years, ...
Is the Financial Crisis a Male Syndrome?
BusinessWeek
By Michel-Henry Bouchet and Robert Isaak The protracted global financial crisis has led to a wide-ranging search for culprits, including blind regulators, greedy speculators, Chinese dumping, and a global market economy that lacks both a social and ...
Hedge funds fear Italy, Spain default: survey
Reuters
LONDON (Reuters) - Almost half of hedge fund managers believe Italy and Spain, two major countries at the center of the euro zone debt crisis, are likely to default, a survey published on Tuesday showed. A majority of the managers surveyed, ...
Bank Credit-Default Swaps Little Changed After Rising to Record
BusinessWeek
29 (Bloomberg) -- The cost of insuring against default on the junior debt of European financial institutions was little changed after earlier rising to an all-time high, according to traders of credit-default swaps. The Markit iTraxx Financial Index of ...
UAE immune to Eurozone contagion
gulfnews.com
Dubai: UAE Central Bank Governor Sultan Bin Nasser Al Suwaidi has ruled out any knock-on effects of the Eurozone financial crisis on the UAE economy. "European leaders and the European Central Bank have not asked the UAE for financial aid to solve the ...
Putting PIIGS Debt Into Context
Seeking Alpha
It would be extremely disruptive, to be sure, but it's highly likely that at least 95% of those working today would be working and producing in the days, weeks, and months following even a multi-trillion dollar PIIGS default. A big PIIGS default ...
Prada defies financial crisis, sales up thanks to Asia
AFP
The Italian group, which includes the Prada, Miu Miu, Church's and Car Shoe brands, is enjoying a boom despite the global financial crisis thanks to the huge Asian market, the world's fastest-growing market for luxury goods. ...
Euro Euphoria Derailed By Fears Of Contagion, Sterling To Consolidate
DailyFX
As the heightening risk for contagion dampens the fundamental outlook for the euro-area, investors see increased pressures on the ECB to ramp up its asset purchases, and the central bank may have little choice but to further expand its temporary ...
Swaption Surge Signals Euro Contagion in Yen Debt: Japan Credit
San Francisco Chronicle
Nov. 29 (Bloomberg) -- Options traders are the most bearish on Japanese bonds in seven months, signaling concern that Europe's debt crisis may spread to a market that's been insulated by currency gains and a trade surplus. So-called swaptions linked to ...
Indian groups risk default on dollar debt
Financial Times
All have said there is no risk of default but they did not specify how they would deal with the rising cost of their debt. It is unclear to what level they have hedged their exposure to the dollar. However, analysts fear that some companies that had ...
Britain to brace for devastating financial crisis, Bank of England warned
Tehran Times
Sir Mervyn King told MPs there was no doubt the banking system was 'less safe' than three months ago and might not be strong enough to withstand a eurozone meltdown. He spoke out amid fresh warnings that the UK is set to plunge into a double dip ...
In Britain, European financial crisis is an opportunity for gamblers
Washington Post
LONDON — The future of the European single currency is uncertain — but at least you can bet on it. In Britain, where gamblers can bet on everything from rugby matches to the gender of future royal babies, the eurozone crisis has generated a steady ...
Commercial Real Estate Default Rate Down 3.75% In Q3
Mortgageorb
by MortgageOrb.com on Tuesday 29 November 2011 The combined default rate on banks' commercial and multifamily mortgage loans fell to 3.75% in the third quarter, down 19 basis points (bps) from the previous quarter's 3.94% default rate and down 67 bps ...
Postal workers protest as default date nears
KATU
The Postal Service, founded in 1775, may go into default on Dec. 16 unless the government intervenes in some way. Postal Service officials say the operation is in debt $5 to $10 billion, depending on how the numbers are crunched. ...
Questions over CDS amid pay-out wrangle
Financial Times
By Lisa Pollack, Robin Wigglesworth and David Oakley Since their creation in the 1990s, credit default swaps, a form of insurance against defaults of loans and bonds, have emerged as a vital component of the global financial system, with about $28000bn ...
Former Housing Authority Director Slams Town Council For Handling Of Agency's ...
Hartford Courant
By MELISSA TRAYNOR, mtraynor@courant.com The Hartford Courant In a letter sharply critical of the town council for its handling of the East Hartford Housing Authority's recent financial crisis, the former executive director calls for a larger ...
Germany set to overtake Italy in CDS protection
Financial Times
By Tracy Alloway and David Oakley Germany is on course to overtake Italy and France as the most insured sovereign in the global credit default swap market, where investors buy protection against default, analysts say. “The fact that net notional CDS ...
Avoid new tax paperwork for your investments at your own peril
Reuters
Let's say, for example, that you purchased 1000 shares of JPMorgan Chase stock, in the wake of thefinancial crisis in early 2009, at $16 a share, and subsequently bought another 1000 shares at $40. If you sold 1000 shares at a recent price of $29, ...
Better Add An “F” to Europe's Debt Contagion
Wall Street Daily
But the problems for the eurozone may no longer be confined to just the PIIGS (Portugal, Ireland, Italy, Greece and Spain). Instead, we may want to add an “F” to that acronym… for France – arguably the biggest threat to the European Union in the long ...
Kamakura Announces Comprehensive Capital Analysis and Review Stress Test ...
MarketWatch (press release)
The firm's enterprise wide risk management system Kamakura Risk Manager and the comprehensive suite of default models offered by Kamakura Risk Information Services will be employed to produce the required stress tests and projections of CCAR 2012. ...
Veolia Environnement 5-year Credit Default Swap drops 21.2 basis points ...
Waste Management World
Veolia Environnement 5-year Credit Default Swap (VIE.FR) dropped 21.2 basis points (or 6.7%) to close at 294.82 basis points. A decrease in spread is a bullish signal. The change in insurance premium against default on a 5-year $10 million worth of ...
BC-EU--Europe-Financial Crisis-Betting,0133
WEAR
WASHINGTON (AP) -- US home prices are falling again in most major cities after posting small gains over in the summer and spring, the latest evidence that the troubled housing market won't recover any time soon. ... the enthusiasm for buying stuff over ...
Europe's Credit Crisis is China's Trading Problem
Daily Reckoning - Australian Edition
BHP's Marius Kloppers and Rio Tinto's Tom Albanese both warned yesterday that Europe's credit crisis could impact them, albeit indirectly. It's not so much final demand they're worried about. Europe isn't a huge customer of raw commodities. ...
Calafia Beach Pundit: Putting PIIGS debt into context
By Scott Grannis
It would be extremely disruptive, to be sure, but it's highly likely that at least 95% of those working today would be working and producing in the days, weeks, and months following even a multi-trillion dollar PIIGS default. A big PIIGS default ...
Calafia Beach Pundit
XE.com - Hedge funds fear Italy, Spain default - survey
Almost half of hedge fund managers believe Italy and Spain, two major countries at the centre of the euro zone debt crisis, are likely to default, a survey published on Tuesday showed.
XE Forex News
Why Eurozone's Fiscal Crisis Should Concern You | Fellowship of ...
By Dr. Eowyn
More than a month ago, on September 21, 2011, just when European banks and their regulators were trying to reassure investors and customers that lenders have enough capital to withstand a default by Greece and slowing economic growth ...
Fellowship of the Minds
Postal workers protest as December default date nears | Business ...
The Postal Service may go into default on Dec. 16 unless the government intervenes in some way. Postal Service officials say the operation is in debt $5 billion.
KVAL - News - Business
Valuation approaches and the financial crisis. Part 1 – market ...
By Anthony Charlton
A second difficulty is that historical transaction values may not reflect current values and, as we know, market sentiment can change quickly. The M&A market in spring 2007 (i.e. prior to the onset of the financial crisis) was completely different to ...
Kluwer Arbitration Blog
MUST LISTEN: Eric Sprott Financial Crisis Worse Than 2008, and ...
By Stefan B
MUST LISTEN: Eric Sprott Financial Crisis Worse Than 2008, and More… King World News released the audio of their interview with Eric Sprott: Chairman, CEO & Portfolio Manager of Sprott Asset Management. Eric has over 40 years of ...
SGTreport.com
Contagion Spreading Fast! No More Time To Wait! (EWI, EWP, IEV ...
By Wall Street Sector Selector Staff
The global contagion is spreading so quickly, it could strike the United States before yearend. ... of all, Spain has simply run out of time. Its death spiral is under way; its plunge into default, virtually unavoidable. Here are the horrifying facts … .... All these debts, lies and failures are what inevitably lead to the contagion that we've already seen strike the PIIGS countries — Portugal, Ireland, Italy, Greece and Spain … and that is now on the near horizon for the United States. Still skeptical? ...
Wall Street Sector Selector
Euro Euphoria Derailed By Fears Of Contagion, Sterling To ...
By admin
The Euro fell back from an overnight high of 1.3441 as heightening financing costs instilled a weakened outlook for the region, and the single currency remains.
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