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

Monday, November 21, 2011

Scare Tactics in Greece

Scare Tactics in Greece
New York Times
Investors who own Greek debt and have bought insurance on it, in the form of credit default swaps, wonder why they should accept the offer that's on the table. If Greece stops paying after the restructuring, those swaps are supposed to cover their ...
Italian Bonds Fall Sixth Week; Spanish Yields Surge on Contagion
BusinessWeek
“The contagion is spreading like wildfire. There are no real private buyers for Italian and Spanish debt.” The yield on 10-year Italian bonds climbed 19 basis points, or 0.19 percentage point, to 6.63 percent at 4:39 pm London time yesterday, ...
Spain's conservatives prepare to tackle fiscal crisis as voters desert socialists
Irish Times
HOW DO you vote in the middle of an avalanche? A sense of chronic insecurity, even panic, has afflicted Spain in this final week of a general election campaign. Each day has seen the threat of EU intervention and loss of sovereignty loom larger. ...
Video: 5 lessons from the European fiscal crisis
Hot Air
As Americans watch the latest EU fiscal crisis unfold, what lessons can we learn from it? Dan Mitchell brings us a new video from the Center for Freedom and Prosperity with five key takeaways for US policymakers, as part of their Econ 101 video series. ...
I've paid off my student loan but still can't get credit
The Guardian
The default has been on my credit file ever since. I did not miss any further payments but this made it difficult to get credit. The Student Loans Company said the only way to clear the default notice was to repay the loan in full. ...
How Curry County got into its fiscal crisis
Washington Examiner
Bishop took over as sheriff in 2008, and he's had a front-row seat to the county's fiscal crisis. More than 70 percent of Curry County's general fund goes to public safety, which includes everything from animal control to jail operations. ...
New Zealand Dollar To Threaten October Rebound On Contagion Fears
TheStreet.com
Indeed, mounting fears surrounding the sovereign debt crisis weighed on investor confidence, and concerns regarding New Zealand's current account deficit may continue to dampen the appeal of the kiwi as the heightening risk for contagion dampens ...
Study Examines Impact of Social Networks on Homeowners Decision to Default
RisMedia.com (press release)
“Recently, the overwhelming media coverage of the current financial crisis has made homeowners aware – or at least alerted them to become aware – of their equity position in their home,” said Michael Seiler. “While the merits of such a choice can and...
Podcast: European Debt, Bank Fees and Beats Headphones
New York Times (blog)
One cause may be the questions that are being raised about the status of credit default swaps that were bought as insurance in the event of a Greek default, Gretchen Morgenson says on the new Weekend Business podcast. In her column in Sunday Business, ...
'Prosperity was illusion created by global credit bubble'
Royal Gazette
BCB treasurer Dane Commissiong looks at the root causes of the 2008 financial crisis in the first of a four-part series. In the first of a four-part series on understanding the global financial crisis of 2008 and its aftermath, Bermuda Commercial Bank ...
Financial literacy a tough sell for students
Financial Post (blog)
Default rates have climbed to as high as 8.8% in 2009 from 4.6% in 2005. And like Canada, it's very difficult to walk away from student government loans except under extreme circumstances. It's not just the student loans, American kids love their ...
World's wobbling firms could hurt SA
BusinessLIVE
A repeat of the maelstrom of events thrown up by the financial crisis of 2007-09 could push many more international businesses into insolvency and could pose big problems for South African exporters. Luke Doig, economist at Credit Guarantee Insurance ...
Terence Corcoran: From Keynes to euroflation
Financial Post
As Italy's fiscal crisis deepens, the image abroad is that of a country liberated from the oily hands of a wildly erratic, sex-crazy politician. Silvio Berlusconi is gone, removed from elected office as if his cavorting with young women of dubious ...
Chinese premier calls for continuous development of East Asia's economy
Xinhua
19 (Xinhua) -- Chinese Premier Wen Jiabao said on Saturday that an immediate task for East Asian nations in the face of the global financial crisis was to maintain continuous, rapid development of the region's economy. Addressing the 6th East Asia ...
19-Nov-11 World View — Financial Crisis Deadlocks in Berlin and ...
By John J. Xenakis
Britain's Prime Minister David Cameron traveled to Berlin on Friday to meet with German Chancellor Angela Merkel to solve the euro crisis. Britain is not a eurozone country, but Cameron doesn't want the euro countries making decisions ...
Big Peace
Erik Prusch, Clearwire CEO, Reportedly Mulls Default
By The Huffington Post News Editors
NEW YORK -- Shares of wireless broadband network operator Clearwire Corp. plunged Friday after its chief executive told The Wall Street Journal that the company is weighing whether to make a large interest payment on Dec. 1. Erik Prusch ...
The Full Feed from HuffingtonPost.com
Video: 5 lessons from the European fiscal crisis | Conservative ...
By Rob
1. Higher taxes lead to higher spending, not lower deficits. Miss Morandotti looks at the evidence from Europe and shows that politicians almost always claim.
Conservative American News
The European Fiscal Crisis and Lessons for America | Flopping Aces
By Curt
About Curt. Curt served in the Marine Corps for four years and has been a law enforcement officer in Los Angeles for the last 20 years. View all posts by Curt →. This entry was posted in Highlighted. Bookmark the permalink. Saturday ...
Flopping Aces
U.S. Banks Face Contagion Risk From Europe Debt, Fitch Says ...
U.S. Banks Face Contagion Risk From Europe Debt, Fitch Says ... While U.S. banks have hedged some of their risk with credit-default swaps, those may not be ...
www.businessweek.com/.../u-s-banks-face-contagion-risk-fro...
1 Through 30 – The Coming U.S. Financial Crisis By The Numbers
Hopefully you have started to prepare for the coming U.S. financial crisis. ... A lot of politicians are claiming that they can stop the coming financial crisis from ..... When Europe falls into recession, when Greece and Italy finally default, the US will ...
endoftheamericandream.com/.../1-through-30-the-coming-u-s...
Corzine contagion
New York Post
By JANET WHITMAN The embattled CEO of Jefferies Group is scrambling to keep his midsize brokerage firm alive amid a barrage of pressure from short-sellers — a storm Mack successfully navigated back in 2008 when he saved Wall Street giant Morgan ...
New take on the financial crisis culprits
Financial Times
While in no way defending the excesses that contributed to the credit crisis, and supporting the breaking up of “too big to fail” banks, his thesis is that most people do not understand the real contribution that the quant revolution in finance has ...

European Contagion Weighs Global Stocks; S&P 500 Index Declines to 8 Weeks ...
Investorschatroom
US stocks indices followed the varied trend in another slim, jerky session Friday, as investors were feared to enter the market ahead of the weekend and due to continuing uneasiness over the debt talks in the shared currency region as well as ...
Spain votes in general elections dominated by the country's financial crisis
CanadianBusiness.com
Polls have pointed to defeat for the Socialists, with Mariano Rajoy's conservative PP elected to try and steer the country from financial crisis. Almost two years of recession have left Spain with a euro-zone high 21.5 per cent unemployment rate and a ...
Latin America offers refuge from financial crisis
AFP
MADRID — With their lower unemployment, increasing consumption and higher growth rates, Latin American nations are attracting investors looking for a refuge from the global financial turmoil, analysts say. At the same time, they cautioned at a ...
Hedge funds: Managers wary of taking too much 'hot money'
Financial Times
Yet since the financial crisis hit in 2008, the industry has been all but transformed. A wave of private money flew out of hedge funds in the months after the collapse of Lehman Brothers and much has yet to return. Where money has come back, ...
County Chairman's view: County can't default on debt
Freeport Journal-Standard
There have also been some suggestions that we just default on this debt. This is really not a viable or even remotely necessary option for open discussion. We have enough financial resources in the near term to support this debt knowing that NIDA ...
University of Ga. to host conference on global financial crisis in US, Europe
The Republic
The University of Georgia is holding a conference to look at the financial crisis in the US and Europe. The Dec. 9 conference will bring together scholars from across the country for three panels on how the global financial crisis will affect health ...
Escalating bond yields rings bells the debt contagion is haunting the region's ...
Middle East North Africa Financial Network
Tensions continued to haunt markets amid worries the debt contagion is spreading across the euro region's largest economies as bond yields rose to record high last week. Despite the political changes seen in the two most highly indebted nations in the ...
US grand budget deal unlikely to pass
ForexLive (blog)
What about starting with a global default and banks nationalisations ? Sounds like a good solution to me. The content of this field will not be shown publicly. Khalys: What about starting with a global default and banks nationalisations ? ...
1 Through 30 – The Coming US Financial Crisis By The Numbers
Right Side News
Hopefully you have started to prepare for the coming US 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 much ...
Prior Week: Summary Of The 7 Deadly Sins
Seeking Alpha
The critical fault in that logic, as we warned at the time was that imposing losses was virtually guaranteed to cause the very thing they were seeking to prevent; a spike in all GIIPS borrowing costs and spread of the financial crisis to countries ...
Grains Week Ahead - Will sub-$6 corn lure Chinese demand?
Reuters Africa
Poor exports to weigh on grains * Contagion fears over euro zone debt * US debt-cutting panel faces deadline By KT Arasu CHICAGO, Nov 20 (Reuters) - Fears of contagion in Europe's debt crisis and decision day for a panel on slashing the US budget ...
Testing times put focus on bright spots
Financial Times
By Sharlene Goff Early optimism that the global economy would rebound in 2011, shaking off the horrors of the financial crisis after two painful years, was quickly snuffed out as the rot contained in the financial system spread to debt-laden ...
ECB's SMP - Inflation Bomb Or Blessing?
Forex Pros
As the ECB currently tries to help PIIGS countries by keeping yields on government bonds down, it does so via the securities market programme (SMP). Rising rates on government bonds of course complicate the prospects for PIIGS governments to manage ...
IMF Can No Longer Avoid Larger Role In Resolving Europe Debt Crisis
Huffington Post
WASHINGTON (Lesley Wroughton) - The International Monetary Fund is inserting itself more forcefully into Europe's efforts to resolve its debt crisis, hoping to stem a contagion that is spreading worldwide and threatening global growth. ...
Barclays: Chinese downside surprises may turn negative for base metals
Commodity Online
But uncertainty over Europe and a weakening picture for Chinese export demand are denting the confidence of local consumers and the potential for contagion to spread from Europe is the biggest downside risk to base metals prices, said Barclays Capital ...
Africa Wants to Be Europe Without the Currency
Wall Street Journal
By PATRICK MCGROARTY Although the euro zone is convulsing from debt contagion brought on by the profligacy of its weakest members, several regional trading blocs in Africa are pushing for closer integration among countries big and small. ...
When Even the Clearing Houses Start to Malfunction
Economic Populist
A financial crisis as painful and as dramatic as that of 2008 can tell you a lot about whose interests regulators really are concerned about. When stress in the markets reached acute levels, the regulators changed the rules to benefit the market makers ...
Panic Exhaustion: The Suspense Won't Kill Us
Seeking Alpha
I still think that is possible, and the more time that passes, the greater the likelihood that of even a multiple PIIGS default will prove to be much less awful than the market currently fears. After all, the world has had almost a year and a half to ...
Europe debt crisis: Risks of global recession mount
Economic Times
WASHINGTON: Financial contagion from Europe is pushing global economies toward the brink, and the risks of slipping into worldwide recession are rising significantly. China's exports have plunged to half their year-ago levels. Factory orders in Germany ...
ICD poised to boost activity with SR1 billion SME fund
Arab News
By MUSHTAK PARKER | ARAB NEWS In the wake of the impact of the continuing global financial crisis, the euro zone debt crisis and the so-called Arab Spring - and their economic impact on global and regional markets including member countries of the ...
Global companies investing in new deals and aquisitions
The National Newspaper
Post the global financial crisis, firms across the world are investing in equities again and working on new deals for mergers and acquisitions.
Saideman's Semi-Spew: Europe Suffers from Contagion
By Steve Saideman
Reality tends to undermine the efforts by academics to study discrete units, like countries, as dynamics tend to spread. Not just ethnic conflict and not just financial crises, but also the strange recent phenomenon of disgraced, failed politicians ...
Saideman's Semi-Spew
Economist: Without big reforms, Detroit Will Default in 4 Months, File ...
By Adam Zientarski
(Courtesy of CNN) (CNN) — It's a race against the clock in Detroit. The home to America's Big Three automakers has until spring to straighten out its budget problems or...
TPE Post
Mobius: 'Next financial crisis is imminent' | Set You Free News
By Mario A.
Speaking to Forbes this week, Mobius, chief of the emerging markets department at Templeton Asset Management, said that “there is definitely going to be another financial crisis around the corner.” The reason? “We haven't solved any of the ...
Set You Free News
Examining The Big Lie The Elites Tell About The Financial Crisis ...
By Phoenix Woman
Barry Ritholz takes on the fatuous lie, expensively promoted by one-percenters like Michael Bloomberg, that US-government-supported housing programs caused a worldwide financial crisis: Here are key things we know based on data. Together, they present a series of tough hurdles for the big lie ... Further, the default rates in these areas should have been worse than other regions. What occurred was the exact opposite: The suburbs boomed and busted and went into foreclosure in ...
Mercury Rising 鳯女

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