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

Saturday, November 5, 2011

George Soros: Greeks would be ill-advised to leave the Eurozone (video)

http://www.reuters.com/video/2011/11/04/soros-greeks-would-be-ill-advised-to-lea?videoId=224287405&newsChannel=Greece
Soros: Greeks would be ill-advised to leave the Eurozone (10:59) (video) - George Soros describes to Reuters' Chrystia Freeland the ''strong destructive forces'' in Greece that are pressing for the Greeks to leave the Eurozone. He explains how such actions would lead to a global depression similar to the Great Depression.

Greek euro zone contagion fears stalk Europeans
Reuters
LONDON (Reuters) - Europeans are closely following the latest nail-biting chapter unfolding in the Greek debt crisis, trying to calculate how a pullout of the euro zone by the heavily indebted country would impact on their own livelihoods. ...
Default pain in Spain RMBS
Reuters
In the cases of TDA 25 and TDA 28, loans more than 90 days in arrears (including those in default) amount to 19.64% and 21.23% of the original portfolio balance in the September investor report, according to S&P. And defaulted loans as a proportion of ...
International contagion
Business Standard
Markets have rejoiced at a Greek referendum reprieve and a welcome rate cut from the European Central Bank. But the euro zone crisis has already harmed growth. The big question will be whether the United States and Asia hold up, or follow Europe down. ...
S&P Sees US Corporate Default Rising To 3.1% By Next September
Wall Street Journal
The rate, calculated on a trailing 12-month basis, reflects a slowly improving domestic economy and a spreading contagion from Europe's sovereign debt crisis, though it is still lower than the long-term average of 4.59% projected by the ratings firm. ...
Gold falls on concerns over Greek debt default
The Australian
Such easy-money policies have helped to fuel gold's steady rise since the financial crisis. "Despite the Fed and the ECB assurances that inflation will not be a problem, many investors are worried nonetheless," said Bart Melek, head of commodity ...
European financial crisis opens door to investment from cash-rich Japanese suitors
Financial Times
Deals were being driven by an increase in the number of European disposals because of the ongoingfinancial crisis, but also by the ease and certainty with which due diligence can be carried out on European players, they said. ...
Our banks fear euro contagion
Sydney Morning Herald
Westpac CEO Gail Kelly says Europe's problems will continue to weigh on local banks. Photo: Domino Postiglione EUROPE'S financial problems are threatening to undermine this week's cut in official interest rates, with bank executives warning that risks ...
Greek Default: This Chart Reveals a Possible Date
Wall Street Daily
The fear over a big fat Greek default is that it's going to spark a debt contagion and lead to other European countries defaulting, too. And those fears are increasing, especially for Italy. The spread between safe German government bonds and risky ...
Causes of the Financial Crisis, One More Time
Huffington Post (blog)
There is currently a video wandering the blogosphere that features New York City Mayor Michael Bloomberg offering up his own critique of what caused the financial crisis. Bloomberg blames the mess on Congress for allowing government-sponsored ...
Greek default has already been priced in by markets RCM
Moneycontrol.com
In an interview to CNBC-TV18, Konyn says, Greek default has already been priced in by markets. “I think the focus now will more be on Italy and to a lesser extent Spain.” He believes that India is already at the peak of its inflation cycle and expects ...
Credit-Default Swaps Pose Systemic Risk, Should Be Regulated As Insurance
Insurance News Net (press release)
Credit-default swaps, the complex financial instrument accused of helping to set off the recentfinancial crisis, continue to pose a systemic risk to the nation's financial system and should be subject to similar regulations to those that govern the ...
The 'contagion' risk: which countries are next?
Toronto Star
With the 17 members of the eurozone so intricately linked, the biggest question is which country is most at risk of default after Greece. Economists and journalists have dubbed the most economically weak countries using the euro currency the PIIGS ...
Kamakura Reports First Improvement in Corporate Credit Quality in Six Months
MarketWatch (press release)
The version 5.0 model was estimated over the period from 1990 to 2008, so it includes the insights of the worst part of the recent credit crisis. The countries currently covered by the index include Australia, Austria, Belgium, Brazil, Canada, China, ...
G-20 Asks IOSCO to Assess Default Swap Impact on Bond Prices
BusinessWeek
Enacted last year by President Barack Obama, the Act aims to reduce risk and boost transparency in the swaps market after largely unregulated trades helped fuel the 2008 credit crisis. Clearinghouses, which are capitalized by their members, ...
Broad rebounds on Greek hopes to avoid default, G20 support and US jobs ...
FXstreet.com
Do that first and then who even wins the election can give it a try with the international lenders to alter the deal, which by then would have secured the nation's spot in the euro and avoided disastrous disorderly default, a process then if by choice ...
Italy is neither insolvent nor illiquid
Telegraph.co.uk (blog)
By Andrew Lilico Economics Last updated: November 4th, 2011 Regular readers of mine will know that, whilst I have long regarded Greece as certain to default and very likely to leave the euro, I have been very sceptical about the idea that there is any ...
Chile Prepared For Possibilities Such As Greek Default -Finance Minister
Wall Street Journal
SANTIAGO (Dow Jones)--The Chilean economy is prepared to face events such as a Greek defaultor a recession in the eurozone, Finance Minister Felipe Larrain said Friday. Larrain has recently said the government is preparing a contingency plan to deal ...
Silver's dual role realisation hinges on solving financial crisis
Commodity Online
The potential contagion from sovereign debt problems into the Eurozone banking system is keeping investors on edge. As an investment vehicle, silver's appeal lies both in its close association to Gold and its predominant use in industrial applications. ...
The markets' vote of no confidence
FX-MM
There was no doubt earlier in the week that Greece had set itself on the path of a disorderly and near-term default. Core European bonds rallied sharply, as did UK government bonds, whilst peripheral nations saw yields rise even further. ...
Isaac picks holes in fiscal crisis argument
The Hindu
What was more, the Minister had said in reply to another question on the same day that there was no financial crisis in the State. “This is nothing short of magic. This is clearly a case of the fiscal crisis having evaporated in three months,” Dr. ...
EBRD chief warns against potential credit crisis in CEI
B92
Addressing participants at the annual summit of the Central European Initiative (CEI), Mirow said that the 2009 global financial crisis brought to light a series of shortcomings in the economies of countries from the CEI region, primarily their ...
Action Line: Credit card default rates, delinquencies continue drop
Tulsa World
MN, Tulsa Default rates and delinquencies dropped again in August for most major credit card issuers, according to their filings with regulators, said Bill Hardekopf, CEO of LowCards.com. Credit cardholders and issuers both made changes bringing ...
Rogoff sees ECB monetisation followed by recapitalisation or seigniorage and ...
Credit Writedowns
Everyone is focused on the narrow issue of whether Greece can be cowed into austerity-induced depression and whether they will hold a referendum, default or leave the euro zone. There are bigger existential issues. Harvard Economist Kenneth Rogoff has ...
Dodd-Frank an Inelegant Solution to Financial Crisis, Argue Scholars
Virginia Law Weekly
By Billy Easley II '13 Was the enactment of Dodd-Frank an overreaction to the financial crisis? On Nov. 1, David Skeel of the University of Pennsylvania Law School as well Dean Mahoney and Edmund Kitch grappled with that very question at a Federalist ...
Bank of America's Debt Exchange and PIIGS CDS Exposure ...
By ToddSullivan
I said it before and it bears repeating.... Brian Moynihan could get up out of his chair in Charlotte, WALK up the Atlantic ocean to ...
ValuePlays
Financial Crisis Inside Story, How the Regulators Let Us All Down ...
Financial Crisis Inside Story, How the Regulators Let Us All Down :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website. ... Will Greece 50% Debt Default Plan Fix the Euro-zone? - 2nd Nov 11. Silver Is Ready, Are You ...
The Market Oracle
One place the financial crisis did not hit? Congress | Saint Petersblog
By Peter Schorsch
One place the financial crisis didn't hit: According to a Roll Call analysis of Congress members' financial disclosure forms, the collective net worth of.
Saint Petersblog
Deus Ex Macchiato » Remember collateral support default
By David
The key point, I think, is that while MF focusses on the default risk – witness the fact that they hedged against a Europe wide crisis by shorting France – they didn't focus on the possibility of large increases in repo haircuts. This failure to ...
Deus Ex Macchiato
SEC Compiles List of Financial Crisis Cases; Says More on the Way ...
By Securities Docket
Perhaps in response to ongoing criticism that regulators have done little to punish those responsible for the financial crisis, the SEC has begun compiling and publicizing a list of “SEC Enforcement Actions Related to the Financial Crisis. ...
Securities Docket
What's Really At Risk in a Greek Default - Wall Street - eWallstreeter
What's Really At Risk in a Greek Default. Share. From: The Curious Capitalist. 2:39pm - November 4, 2011. This is guest post from Swampland contributor and TIME Washington correspondent Massimo Calabresi. As Greeks decide the fate of ...
eWallstreeter
The Irish Economy » Blog Archive » Consequences of a Greek Default
By Philip Lane
They need a period of relative calm around Greece for a few months now before they then have to deal with making that default 50% figure a little larger. I'm not sure the Conservative party in Greece want that - they would prefer to ..... Add to that the fact that the major European Banks are dumpingPIIGS debt at an alarming rate (RBS today) leads me to believe that Greece is probably the least of the problems. seaf√≥id Says: November 4th, 2011 at 2:02 pm. Ceterisparibus. “Add to that ...
The Irish Economy
Tipping points in software adoption and the default option | Networks
By vladsinger
A landmark event has recently occurred in the ponderous shuffle of the global internet browser market - how recently depends on whose statistics one trusts -
Networks
Colombian president asks G20 to find solutions to financial crisis ...
By XinhuaNET.COM
Colombian president asks G20 to find solutions to financial crisis Colombian President Juan Manuel Santos on Thursday urged G20 leaders to find a solution to.
Siam Daily News Online
Credit-Default Swap Risk Bomb Is Wired to Explode ...
The European sovereign debt crisis stands as the latest in a long line of similar crises. Argentina in 2001. Russia in 1998. Mexico in 1994. The list goes back into ...
www.blacklistednews.com/Credit-Default.../M.html

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