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

Monday, December 26, 2011

Euro Zone could trigger Lehman-like crisis

Euro Zone likely to trigger Lehman-like crisis: Mohamed El-Erian ...
El-Erian of Pimco sees a more than 1 in 3 chance that the euro zone will break apart and trigger afinancial crisis akin to 2008.
economictimes.indiatimes.com/news/.../11212238.cms 

Archbishop of Canterbury says riots, financial crisis have broken bonds of ...
Washington Post
LONDON — The summer riots in Britain and the financial crisis have broken bonds and abused trust in British society, the Archbishop of Canterbury said in his Christmas Day sermon. Archbishop Rowan Williams appealed to those congregated at Canterbury ...

Euro zone impasse may hit manufacturing: Analysts
TODAYonline
by Millet Enriquez Analysts said with no euro zone resolution in sight, exporters can expect a painful six months ahead. This is because of expected slower demand for electronics from the developed countries and potentially lower revenues as well. ...

In Germany the economy hums and the euro crisis seems elsewhere
Los Angeles Times
But critics say it has leveraged the euro crisis to its advantage. By Aaron Wiener, Los Angeles Times If Berlin's Alexa shopping center is any indication, Germany is having a very good crisis. While the rest of Europe enacts crippling austerity ...

Euro Crisis Weighs on Swiss Life Shares, CEO Tells Der Sonntag
Bloomberg
The euro region's debt crisis has shaken confidence in the stability of the banking system and is hurting Swiss Life Holding's stock price, Der Sonntag reported, citing an interview with Chief Executive Officer Bruno Pfister. ...

European markets await more turbulence in 2012
AFP
LONDON — European stocks and the euro will face fresh turbulence in 2012 after a year in which equity markets slumped and the single currency lost ground against the dollar mainly due to the eurozone crisis. Europe's main stock markets have tumbled...

AFP

2011 Business Year In Review: "Occupied" Wall Street Preoccupied With Euro ...
NY1
The sovereign debt crisis in Euro Zone nations like Greece, Spain and Italy grabbed global attention. News of austerity plans, rescue packages and changes in leaders rattled the markets. "I think the biggest story on Wall Street, from the equities side ...

NY1

Schaeuble vows to push for financial transaction tax
Reuters UK
Schaeuble, 69, added he was confident that investor confidence in the euro zone would return despite all the turmoil related to the sovereign debt crisis in recent years. "Europe is one of the strongest economic regions in the world and investors want ...

Is the curtain falling on the eurozone?
Christian Science Monitor
The eurozone will be a different place from what it is today, even if EU leaders take the serious steps necessary to tackle the eurozone's debt problem. By Scott Boyd, Contributor / December 24, 2011 People wait in line to receive food from the Greek ...

Christian Science Monitor

As financial crisis drags on, Greeks see a bleak future
USA TODAY
Its debt is massive, increased even more by a spending spree with AAA-rated euros it obtained after ditching its own low-value drachma 10 years ago when it joined theeurozone. But while southern Europe was borrowing and spending, Germany and other ...

USA TODAY

Euro-zone, too big to fall
Financial Express Bangladesh
After dramatic developments that shook the euro-zone, riveting global attention, there is now an interval of tense waiting. The next episode that will be played out can bode ill or good, not only for Europe but for the rest of the world also. ...

From the Fed, a Shield Against Europe
New York Times
AS the euro zone mess unfolds, another financial crisis may be coming our way. The conduit could be some spillover effect from across the Atlantic — whether in derivatives or money markets — or maybe some under-the-radar surprise. ...

Standard & Poor's Euro Zone Ratings Coming In January
Active Investor
The ratings agency is expected to release its report on debt ratings for 15 euro zone countries in January according to two European government sources talking to Reuters. “We have got an informal signal from Standard & Poor's that they will come only ...

Financial crisis explained
Stuff.co.nz
The machines that harvested fields of human batteries to power their own global ambition actually exist: in reality, they are machinations of global money policy, supply and debt; the vital infrastructure of our national and global economies. ...

Stuff.co.nz

George Kerevan: Year of the eurozone crisis – and more to come
Scotsman (blog)
German Chancellor Angela Merkel insisted that the European Central Bank (ECB) should not act as a normal lender of last resort to eurozone governments. Photo: Eric Fefferberg/AFP/Getty IT HAS been a bad year for bankers, global equities, ...

Scotsman (blog)

AIM market hit by eurozone crisis as investors prefer to play safe
This is Money
By Geoff Foster Nowhere has the eurozone crisis and resultant turmoil been felt more painfully than the AIM market. The smaller-companies market – one of the City's major successes since its inception in June 1995 – has once again been no place for the ...

Special group likely to deal with impact of global financial crisis
NDTV
Moreover, the internal crisis management set up within the RBI shall maintain a contingency contact list of key personnel at sufficiently senior level. The government is contemplating setting up a Crisis Management Group (CMG) headed by Reserve Bank ...

KEN COSTA: Why we are all to blame for the financial crisis
This is Money
By Ken Costa While no one can predict exactly what 2012 will hold for the financial stability of the EU, 2011 was the year that saw Europe all but overwhelmed by its enormous sovereign debt. It has prompted people throughout the City to revisit reports...

This is Money

Fund Fiasco: EU poorest state rescuing richer members
RT
It's a waiting game for debt-laden Eurozone after this month's key summit in Brussels. Ratings agencies are sounding the alarm over heavy borrowing, while the EU failed to find the agreed-upon 200 billion Euros for its IMF fund, as the UK bowed out. ...

Stocks Head Into The Final Stretch
NBC Montana
The big concern, as has been the case for some time, is that the government debt problems in theeurozone could translate into a banking crisis that would ripple across the global financial system and possibly cause the euro currency union to break ...

Hold on for a rocky ride
Buffalo News
"We expect the markets will be dominated by the upcoming presidential election and the Eurozonecrisis. By year end, however, we think sufficient progress will have been made in these areas, and it will result in a modest rise in stock prices," she ...

Markets play jilted lover in euro drama
Malaya
LONDON – The euro zone debt crisis may be as much about the heart as it is about the head -- like a jilted lover, markets are just finding it hard to trust again. Behavioural economists say financial bubbles can create an emotional high that turns into ...

Reversal of fortune
Baltimore Sun
Fast-forward to 2011, and it is European banks that are the focus of concern as the euro zonestruggles to come up with a politically palatable way to solve its own debt crisis. All three of the world's major ratings agencies have warned that European ...

A mix of diversified equity funds and debt mutual funds will help you in 2012
Economic Times
Apart from the global events like Eurozone debt crisis and Sovereign rating downgrades, the domestic affairs like the loss of INR against the USD as well as other currencies, high inflation levels, the continuously rising interest rates and the ...

ECB's Visco hints at lower rates if economy worsens
Business Recorder (blog)
European Central Bank Governing Council Member Ignazio Visco said in a newspaper interview on Saturday that the bank will be attentive to the economic cycle when setting monetary policy, suggesting rates could fall more if the eurozone economy worsens. ...

How the GFC gave birth to the Aussie traveller
Sydney Morning Herald
But despite the euro crisis, Guscic says travel to Europe remains an expensive option for most. ''Actually, the hotels and accommodation market has held up really strongly in Europe, in spite of all the calamitous European economic conditions and so ...

Sydney Morning Herald

Indian equities have done even worse than European markets
Livemint
If one is to identify the biggest risk in the markets today, it's the risk from the euro zone, right? For much of the year and certainly in the last few months, there has been almost a daily dose of dismal news about the woes afflicting the euro zone. ...

Currency crisis: banks are gearing up for the €-emergency
San Francisco Luxury News
And then Italy may be a role model for all southern states will fall apart otherwise the Euro-zone,” he told the “Frankfurter Allgemeine Zeitung” . Greeks long it looks pretty bleak. A departure from the common currency of the country was no longer ...

Q&A: Ajay Shankar, NMCC
Business Standard
The competitive nature of the Indian economy is strong enough to withstand the fallout of the euro zone crisis and the global slowdown, according to National Manufacturing Competitiveness Council member secretary Ajay Shankar. ...

Asian anxieties in a new era
TODAYonline
The financial crisis that began in the West in late 2008 is entering a second and more dangerous phase. The euro zone shows up not only sovereign financial problems but also the difficulties in exercising collective leadership. ...

Super's first fall since 2008
Adelaide Now
SUPERANNUATION funds have posted their worst performance since the height of the globalfinancial crisis in 2008 as the eurozone's debt problems cut returns from capital markets. The fall in super valuations this year will be the second time in four ...

Forex - USD/CHF weekly outlook: December 26 - 30
Moneycontrol.com
Forexpros - The US dollar ended the week almost unchanged against the Swiss franc on Friday, as investors remained jittery amid sustained concerns over the handling of the debt crisis in the euro zone. USD/CHF hit 0.9242 on Wednesday, the pair's lowest ...

Investors brace for a rocky 2012
Denver Post
A debt crisis threatens to tear apart the eurozone, China's economy is slowing, and the Middle East remains a powder keg in a burning warehouse. "Currently, the world economy stands at a very dangerous juncture," International Monetary Fund chief ...
2011: Year in review
Times of Malta
The international news in 2011 was without doubt dominated by the Arab Spring and the eurozonecrisis. History was made when protests – initially brutally suppressed – led to the resignations of the Tunisian and Egyptian presidents, ...

The metrics Obama will watch in 2012
Politico
Obama clearly recognizes this, and privately concedes the Eurozone is the biggest wildcard for him in 2012, even if he can't do much about it. It must be an agonizing realization: After three years of fighting waves of recession — and the GOP — the ...

Politico

Gold to hold support, rise
Hindu Business Line
Worries about the debt turmoil in the euro-zone kept market participants nervous. Doubts also remain over whether this week's European Central Bank tender of half a trillion euros' worth of cheap loans will be effective in easing the strain for ...

Volatility Index may be best bet for 2012
Worcester Telegram
•Instability in the eurozone. This story got massive coverage in the business media with every deal or no-deal rumor regarding whether Germany and France would get together to bail out the PIIGS(Portugal, Ireland, Italy, Greece and Spain), ...

Sunday newspaper round-up: S&P, India, North Sea, Strikes
ShareCast
He does admit, however, that for countries such as the United States recession is more a risk (“although recent data are more promising”) rather than a virtual certainty, as is the case for theEurozone. Nonetheless, he is inclined to think that, ...

Today on the Eurozone Crisis, Arnold Kling | EconLog | Library of ...
By Arnold Kling
Dodd-Frank left questions of capital and leverage largely to the Basel III international banking agreements, the second piece of the new financial regulatory architecture. Basel III, like its predecessors Basel I and Basel II, encourages banks to ...
EconLog: Library of Economics..
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Top business story in '11: Europe financial crisis - Business ...
By By JONATHAN FAHEY
NEW YORK -- Europe took the financial world on a stomach-churning ride in 2011.
Homepage

Goldman Sachs 2012 predictions: avoid eurozone | Expat Times
By vlad
The investment bank Goldman Sachs has made ​​public it's financial predictions for 2012.
Expat Times

Euro Governance has Nudged Banks to Shoulder the Eurozone
By Miraj Patel
It is no secret that the ECB has held strong on how far it will directly finance the particularly needyEurozone nations. The central bank, with Germany at its.
Miraj Patel

Every ?Solution? To The Euro Crisis Involves Printing Money ...
By admin
To The Euro Crisis Involves Printing Money. Posted on December 25, 2011 by admin. Attempts by central banks to blatantly manipulate the price of gold lower should come as no surprise to long time gold investors. Market News International ...
omega 3,gold, SR22 insurance,hcg...

European financial crisis is top business story for 2011
By SPECIAL CORRESPONDENT
NEW YORK — Europe took thе financial world οn a stomach-churning ride іn 2011. Thе rising threat οf default bу heavily indebted European countries spread ԁrеаԁ асrοѕѕ financial markets аnԁ weighed οn economies worldwide. Aѕ thе ...
Zimbabwe Guardian

“…Crush Labor and Impose Austerity - Draghi's Real Goal in the ...
By admin
Crush Labor and Impose Austerity - Draghi's Real Goal in the Eurozone…” Posted on 25/12/2011 by admin. “…Imagine if your banker offered to lend you a $150000 to make up for the money that you'd lost on your home since the housing ...
whoar.co.nz

Forex – EUR/USD Weekly Outlook: December 26 – 30
By Forexpros
Forexpros – The euro was steady against the U.S. dollar on Friday, trading close to an eleven-month low as concerns over imminent downgrades in the euro zone and the handling of the region's debt crisis continued to weigh. EUR/USD hit ...
DailyMarkets.com

In Germany the economy hums and the euro crisis seems elsewhere ...
By NewsDesk - Christer Ornestad
In Germany the economy hums and the euro crisis seems elsewhere. On 2011/12/25, in News, by NewsDesk - Christer Ornestad. Reporting from Berlin— If Berlin's Alexa shopping center is any indication, Germany is having a very good crisis. ...
MyPress.SE - Universal News Agency

Anatomy of a collapse
By editor of MarketObservation.com
Great graph on the origins of the financial crisis. Showing clearly a combination of easy money, de-regulation, reckless leveraging and market failure. Source: Ritholtz, The Big Picture. Keywords:Financial Crisis, Origins of the Financial Crisis ...
Economics

Forex – GPB/USD weekly outlook: December 26 — Clearing and ...
By RSS Feed
Forexpros – The pound fell sharply against the U.S. dollar on Friday, paring some of the week's gains as comments by Bank of England Governor Mervyn King added to concerns over the global effects of the debt crisis in the euro zone. ...
Clearing and Settlement — Clearing..

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