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

Saturday, November 19, 2011

Italian yields fall on ECB; contagion risks remain

EURO GOVT-Italian yields fall on ECB; contagion risks remain
Reuters
By Ana Nicolaci da Costa LONDON, Nov 18 (Reuters) - Italian and Spanish government debt yields fell on Friday, as the European Central Bank bought bonds in the secondary market, but held close to unsustainable levels as contagion fears and money market ...
Forget The PIIGS: Now It's About The FIGS
Seeking Alpha
Italy may struggle through to the end of the year even with bond yields at current elevated levels, but after that investors would likely take fright with big redemptions due in the spring, meaning outside help would be needed to prevent default. ...
Eurozone debt contagion stalks European stock markets
Economic Times
LONDON: European stock markets fell further on Friday with global investors growing ever more alarmed at the risk of contagion from the eurozone debt crisis, after borrowing costs for France and Spain shot up. In late morning trading, London's FTSE 100 ...
Tom Walsh: Detroit's financial crisis mirrors auto industry turmoil
Detroit Free Press
Sorry to sound so apocalyptic, but the parallels between Detroit's immediate fiscal crisis and the auto industry's recent scary spiral into bailouts and bankruptcy are so striking that it's almost impossible to imagine the city stabilizing without a ...
State treasurer requests bill to prevent default
The Seattle Times
State Treasurer James McIntire is urging lawmakers to pass legislation to prevent a bond default for a Wenatchee events center, saying a default would significantly impact borrowing costs for Washington's other public entities. ...
Monti Crosses First Hurdle; Contagion Fears Drag Indexes
Ticker Magazine
1:00 PM Frankfurt – European indexes declined on worries about the debt contagion to bigger euro area countries. The Italian Prime Minister Mario Monti won a vote of confidence in the Senate. UBS outlined plans to expand its wealth management unit and ...
Spain: how to get a prime minister by default
The Guardian (blog)
That may be an exaggeration, but if Rajoy is not becoming PM by stealth, he is certainly doing so by default. The economic crisis has made the ruling Socialists unelectable, and the rather uninspiring Rajoy happens to be the only man around. ...
Angola Offers To Help Portugal In Tackling Financial Crisis
RTT News
Portugal is among the Eurozone nations currently facing a fiscal crisis. After missing the 2010 deficit target, the country made an official request for a bailout to the European Union on April 7. The country was the third euro member to seek a bailout ...
Commerzbank chief attacks Greek deal
Financial Times
By James Wilson in Frankfurt The market for credit default swaps on sovereign bonds should be “closed down” if investors cannot be guaranteed the pay-outs they are entitled to in the case of a default, says the chief executive of Commerzbank. ...
Rush on to prevent default of Wenatchee arena
The Seattle Times
"The risk is, in this ongoing financial crisis, that more of these situations might arise," he said. Murray said he wants a better handle on local government debt across the state before acting. Opitz said the Treasurer's Office is not aware of any ...
Derivatives Danger: Fears of Next Big Financial Crisis Won't Go Away
AdvisorOne
of AIG super-senior credit default swaps that Goldman owned. According to the Financial Crisis Inquiry Commission Report (p. 244), from which this anecdote is taken, “AIG's models showed there would be no defaults on any of the bond payments that AIG's ...
Euro-Zone Contagion Has Madrid Deeply Worried
Spiegel Online
The country's relatively strict banking regulations allowed it to survive the international financial crisis with only light damage. And in the current debt crisis, the Spanish have been model students: With a national debt at some 61 percent of gross ...
NYT Editor: Financial Crisis is Human Failure
Memphis Daily News
She's recently published a book on the financial crisis, “Reckless Endangerment: How Outsized Ambition, Greed and Corruption Led to Economic Armageddon.” So, naturally, the case she makes in her book is what she also spent most of her time talking ...
Greek non-default deal not running smoothly
Credit Writedowns
This deal was structured so as to prevent both credit default swap triggers and the ECB's taking losses. And with only 70-80% participation, the deal is not going to pass. Putting a happy spin on things, Institute of International Finance (IIF) ...
Sovereign Bond Risk Falls in Europe, Credit-Default Swaps Show
Bloomberg
By Abigail Moses - Fri Nov 18 10:43:59 GMT 2011 The cost of insuring against default on European sovereign debt fell, according to traders of credit- default swaps. The Markit iTraxx SovX Western Europe Index dropped nine basis points to 349 at 10 am ...
Slowing Germany and Rising PIIGS Yield Make Perfect Economic Crisis Storm
The Market Oracle
Germany registered an impressive quarter-on-quarter growth of 0.5% in the third quarter. However, the recent drop in the leading indicators suggests that the German economy will not expand much in Q4, if at all; it might even contract. ...
Financial crisis manmade
The Record-Courier
Deregulation also allowed Credit Default Swap sector to grow unregulated and unsecured. The CDS sector grew from about $144 billion dollars in 2000 to over $62 trillion dollars in eight years. CDS are intertwined between countries, which makes us more ...
Stock Futures Higher amid EU Contagion Fears. Stocks to Watch: AAPL, BAC, F ...
TradersHuddle.com
Uncertainty in the political spectrum continues in the euro zone, as now Spain goes to the polls over the weekend in an environment where bond yields and credit default swaps have increased to record highs. The euro was rebounding, trading above the ...
Piecemeal Approach To Euro Debt Crisis Has Failed
Fox Business
It worked in the US in late 2008 at the peak of the recent financial crisis when the US government approved a $700 billion bailout -- the Troubled Asset Relief Program -- that kept afloat many of America's biggest banks. The banks weren't broke, ...
Base Metals Trading Sideways On Lingering Concerns Over European Debt Crisis ...
India Infoline.com
The dollar index was plunging down by 0.2% at 78.15 against the basket of 6 major currencies as the mixed concerns on European debt crisis and its contagion to other countries kept the investors under elusive mode. In domestic market at MCX, ...
Pentonomics: The Mechanics of Sovereign Default
International Business Times
And once you grasp the fundamental dynamics behind what causes a sovereign default, investors can reach a very clear conclusion as to what action they need to take. History is replete with examples that indicate once a nation reaches a debt to GDP ...
Europe's Architecture Is 'in Play' Amid Fiscal Crisis, UBS Says: Tom Keene
Bloomberg
By Cordell Eddings and Tom Keene - Fri Nov 18 18:50:32 GMT 2011 European leaders are playing a “huge game of brinksmanship” as they grapple over who should shoulder the burdens to resolve the euro region's debt crisis, said UBS AG's George Magnus. ...
1 Through 30 – The Coming US Financial Crisis ... - Prison Planet.com
By admin
Hopefully you have started to prepare for the coming U.S. financial crisis. If not, hopefully this article will be a wake up call for you. Right now, governments all over Europe are on the verge of financial implosion. Most Americans aren't paying ...
Prison Planet.com
US Politics | AMERICAblog News: Is the next financial crisis looming ...
By Chris in Paris
News and opinion about US politics from a liberal/Democratic/progressive perspective.
US Politics | AMERICAblog News
Second consecutive increase in first mortgage default rates ...
By Maureen Maitland
On November 15, S&P Indices and Experian released October data for the S&P/Experian Consumer Credit Default Indices, which measure changes in consumer.
Standard & Poor's HousingViews
Contagion vs. Credibility: ECB Prisoner's Dilemma
By Kevin Cook
Stock news activity, stock market news headlines, earnings, earnings calendar and earnings surprises. Get stock news actions, indexes, and more.
Zacks Investment Research - All...
Bank risk during the financial crisis: do business models matter?
By repec
We exploit the 2007-2009 financial crisis to analyze how risk relates to bank business models. Institutions with higher risk exposure had less capital, larger size, greater reliance on short-term market funding, and aggressive credit growth. ...
PoliEcon
5 Lessons from The European Financial Crisis | MyGovCost ...
By Stephanie Freedman
An extraordinary article published today in Forbes discusses what we can learn from the Europeanfinancial crisis: 1. Higher taxes lead to higher spending, not lower deficits. Miss Morandotti looks at the evidence from Europe and shows that ...
MyGovCost | Government Cost Calculator
Bill Laggner: European Contagion Getting Worse « SGTreport.com
By SJB
Bill Laggner: European Contagion Getting Worse. US has short time-frame to get its house in order. from FinancialSense.com: Jim welcomes Bill Laggner of Bearing Asset Management this week to discuss the European Debt Crisis. ...
SGTreport.com
Clearwire shares plunge 31% as markets fear default | Investing ...
Clearwire Corp. fell as much as 31% after the Wall Street Journal reported the unprofitable wholesale wireless carrier is evaluating whether to make a Dec. 1 debt payment, citing its chief executive officer.
FP Top Stories List
Seattle Times: Rush to prevent Wenatchee arena default « Olympia ...
By olympiaviews
Seattle Times reporter Andrew Garber explains why the state Treasurer's Office is trying to prevent the default of a Wenatchee public facilities district. If the district defaults on $42 million in debt, that could scare the municipal bond market ...
Olympia Views
Eurozone contagion spreading quickly
Contagion from the eurozone debt crisis is spreading quickly, threatening to turn a regional crisis into a global crisis. As highlighted by Fitch ratings further ...
www.fxstreet.com/fundamental/market-view/...on.../17/

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