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

Thursday, December 1, 2011

Europe's Financial Crisis, in Plain English

Europe's Financial Crisis, in Plain English
New York Times
The flag of the European Union flies in front of the German Parliament building in Berlin. By ADAM DAVIDSON, JACOB GOLDSTEIN and CAITLIN KENNEY Much like our own recent housing crisis, the European financial mess is unfolding in a foreign language. ...
Fed Has Tools Beyond Swaps to Counter Europe's Credit Crisis
BusinessWeek
By Steve Matthews and Scott Lanman Nov. 30 (Bloomberg) -- The Federal Reserve has tools available for easing Europe's sovereign-debt crisis beyond its coordinated effort to reduce borrowing costs announced today, including cutting the US discount ...
Global financial crisis threatens gains on TB, malaria, HIV
Nigerian Tribune
Professor Oladipo Ladipo, President, Association for Reproductive and Family health (ARFH), Abuja, who remarked that the global financial crisis was an attestation to donors being short of money, said this was going to impart negatively on the target ...
India Introduces Trading in Credit-Default Swaps, Limits Market
BusinessWeek
The central bank postponed a decision in 2003, citing the need for banks to improve risk management, and held off again in 2008 as global credit markets seized up following the financial crisis. Confining trading in the derivative contracts to lenders ...
EU defense ministers endorse pooling, sharing arrangements as financial crisis ...
Washington Post
BRUSSELS — EU nations will significantly expand the pooling and sharing of their military resources in order to achieve savings at a time when the European debt crisis is biting into national defense budgets, the head of the European Defense Agency ...
BankAtlantic Bancorp gets default notice from debt holder
Bizjournals.com
BankAtlantic Bancorp Chairman and CEO Alan Levan disputes the letter of default his company received from one of its debt holders. A second debtor of BankAtlantic Bancorp has objected to selling its banking operations to BB&T Corp . ...
Euro Weakens on Debt-Crisis Contagion Concern; Dollar, Yen Gain
San Francisco Chronicle
30 (Bloomberg) -- The euro fell against the dollar and the yen on speculation European measures to contain the debt crisis will fail to halt contagion and as Standard & Poor's cut the credit ratings of some of the world's largest banks. ...
Europe's debt threats and contagion
Moneyweb.co.za
Contagion is trying the souls of European leaders yet the long-term implications of not being able to contain the crisis are potentially as grave for SA. Balance sheet weakness among western consumers, banks and nations heighten the risks of a sharp ...
Treasuries Set for Monthly Gain as EU Struggles to Stem Contagion Concern
Bloomberg
By Daniel Kruger - Wed Nov 30 20:27:32 GMT 2011 Nov. 30 (Bloomberg) -- Stephen Stanley, chief economist at Pierpont Securities LLC, talks about the decision by the Federal Reserve and five other central banks to cut the cost of emergency dollar funding ...
loan default rate in Texas remains flat
Bizjournals.com (blog)
The default rate on commercial and multifamily mortgage loans remain essentially unchanged in Texas but continue to fall across the US in the third quarter 2011, according to a report from Chandan Economics LLC. The nation's combined default rate on ...
Europe facing 'true' financial crisis: France
Khaleej Times
SINGAPORE - Europe is facing a “true” financial crisis with global implications but confidence in the euro as a single currency remains strong, the head of France's central bank said on Wednesday. “We are now looking at a true financial crisis — that ...
For AMR, Parent of American Airlines, Bankruptcy Is A Contagion
Seeking Alpha
In other words, bankruptcy is a contagion in the airline industry. The precedence was established for bankruptcy to pave the way to a more efficient organization. AMR fought off infection for 10 years, but the company finally wore down: The people of ...
RPT-Canada has tools ready if euro zone crisis spreads-finmin
Reuters
NEW YORK Nov 30 (Reuters) - Canada has tools ready to deploy if the euro zone's financial crisis begins to affect the Canadian economy, Finance Minister Jim Flaherty told Reuters Insider on Wednesday. He said more fiscal "encouragement" for the ...
Bing says Detroit can pull through financial crisis on its own
Detroit Free Press
ERIC SEALS/Detroit Free Press By Suzette Hackney Detroit Mayor Dave Bing held fast Tuesday to his assertion that his administration can manage the city through its fiscal crisis for the next 18 months with a plan that calls for union concessions and at ...
Why Your Pet Theory About The Financial Crisis Is Wrong
Slate Magazine (blog)
By Matthew Yglesias I meant to quote this passage from Lost Decades: The Making of America's Debt Crisis and the Long Recovery in honor of Barney Frank's retirement since I think it's the ultimate refutation of the "Blame Fannie Mae" theory of the ...
IMF head says no plan to bail out Italy or Spain amid financial crisis
Washington Post
MEXICO CITY — International Monetary Fund head Christine Lagarde says the organization has no plans to bail out Italy and Spain in response to fears they may default on their debts. Eurozone nations have called for the bank to be given more money so ...
Looming Financial Crisis Threatens Sovereign Ratings of the EU
PR Web (press release)
InvestTechFX, Forex currency exchanges expert, suggest that these default would increase the chances of one or more members leaving the Euro area. The Euro fragmentation would negatively impact the credit standing of all EU and Euro Zone sovereigns. ...
Default natural gas rate inches up for consumers in December
Edmonton Journal
By Calgary Herald November 30, 2011 CALGARY — Heating bills will be slightly higher for consumers on the default natural gas rate in southern Alberta this month, according to Direct Energy Services. The regulated retailer for ATCO Gas said Wednesday ...
Financial crisis: the Church of England comes to the rescue with a naff prayer
Telegraph.co.uk (blog)
Well, take heart, for the Church of England has issued a prayer for our financial crisis. It begins with a casual remark to the Almighty – as if God and the bloke who wrote the prayer were just two old men chewing the fat on the same park bench: Notice ...
European financial crisis: Apocalypse soon?
rabble.ca
While nothing really, really bad is forecast to happen in the Eurozone in the central projection, in Box 1.5 (p.49) they set out a scenario in which the spread of "contagion" to Italy and beyond leads to afinancial crisis and a collapse of real ...
German unemployment drops in November despite financial crisis
Washington Post
BERLIN — A new report shows Germany's jobless rate is down to 6.4 percent in November as the economy remained strong despite the raging debt crisis in the 17-nation eurozone. The Federal Labor Agency reported Wednesday that the number of Germans out ...
Senate lacks votes for Wenatchee arena bailout
The Seattle Times
Key lawmakers say there aren't enough votes in the state Senate to approve a plan to bail out a Wenatchee-area agency on the verge of default. By MIKE BAKER Associated Press No comments have been posted to this article. Key lawmakers say there aren't ...
Roubini: Italy Needs Drastic Moves to Avoid Default
NewsMax.com
By Forrest Jones Italy should be allowed to restructure its debts right now in an orderly fashion to avoid a messy default that would damage an already recession-bound Europe, says New York University economist Nouriel Roubini. With public debt running ...
World Banks Pour Water On Credit Crisis (XLF, IVV, DIA, GLD)
Wall Street Sector Selector
The central banks acted in response to tightening credit conditions among Europe's banks and to ensure that the system had enough liquidity to keep functioning, a move similar to those of 2008-2009 during the “last” financial crisis. ...
Stocks surge after central banks join to battle credit crisis
GlobalPost
Stocks on Wall Street and the euro surged after a move by central banks to battle credit crisis. In this photo illustration a Greek flag is covered with one Euro coins on October 4, 2011 in Berlin, Germany. (Sean Gallup/AFP/Getty Images) Stocks surged ...
financial crisis
NPR
By adding "liquidity" to the world's markets, the central banks aim to keep credit flowing.
Seat CEO in last-ditch bid to avoid insolvency
Reuters
The worsening of a global credit crisis and its escalation to the heart of the euro zone in 2011 made refinancing hard, especially for highly indebted companies like Seat. In the first nine months this year, Seat generated a free cash flow of 291 ...
Explainer: Is Glass-Steagall Back? And Would it Prevent the Next Financial Crisis?
WNYC
The expanded palette of products and operations that were available in the wake of Glass-Steagall's repeal certainly contributed to the financial crisis, as banks took risks with their customers' deposits and debts that were previously illegal. ...
What's the Solution to Europe's Fiscal Crisis: Spending Cuts, or ...
By Dan Mitchell
The fear at the time was that a default would spread the contagion of higher bond rates, but those rates have soared despite the bailouts of Greece and Portugal. Sadly, I expect more bad policies. Politicians are addicted to big government, ...
International Liberty
Lloyd's List - Finance - Minoan Line blames Greek financial crisis for ...
By Nigel Lowry
Minoan Line blames Greek financial crisis for dip in Adriatic-Aegean trade. Wednesday 30 November 2011, 17:23; RSS feed · Finance. GREEK ferry operator Minoan Lines has continued to post losses due to the adverse financial climate and ...
Lloyds List: News
Nouriel Roubini Blog: PIIGS Need A Weaker Euro, Not A Stronger One
By Admin
PIIGS Need A Weaker Euro, Not A Stronger One. Eurozone's PIIGS (Portugal, Ireland, Italy, Greece and Spain) need a weaker, not stronger Euro, to restore their competitiveness and avoid Eurozone break-up. But Central Banks` swaps action ...
Nouriel Roubini Blog
The Impact of the International Financial Crisis on Asia and the ...
By repec
The international financial crisis of the late 2000s has revived interest in asset price bubble research. For some, the event confirmed the enduring relevance of studying asset price bubbles in our economies. For others, it was a realisation that ...
PoliEcon
Financial Crisis of 2008: Where Were The Lawyers? - SBM Blog
By SBM Blog
An upcoming paper by Georgetown Law professor Donald Langevoort, "Getting (Too) Comfortable: In-House Lawyers, Enterprise Risk and the Financial Crisis," suggests that the personality traits of successful in-house counsel might supply ...
SBM Blog
Average unemployment in Europe higher than ever in October ...
By Ernst Labruyere
Average unemployment in Europe higher than ever in October. Credit crisis hit hard on unemployment in the PIIGS countries, but had hardly any consequences in the strong Euro-countries. Posted on November 30, 2011 by Ernst Labruyere ...
Minyanville Blogs
The Super Committee's Default on Student Loans – NextGen Journal
By Elise Swanson
about the author. Elise Swanson is a NGJ Voices Contributor. She is majoring in Political Science and English, and hopes to join the Foreign Service one day. A native of northern Wisconsin, she hopes one day to retire to Switzerland, and ...
NextGen Journal
The Irish Economy » Blog Archive » Solving the Fiscal Crisis Via ...
By Philip Lane
He is now with the German Ministry of Finance and this paper outlines one approach to solving thefiscal crisis. This entry was ... The dreaded austerity programs that are bringing people out onto the streets in the PIIGS cannot be avoided. ...
The Irish Economy
Study on Forecasting International Dry Index in the Context of the ...
By rain
The financial crisis caused by the sub-loan crisis of USA in 2008, lead to the shipping market continued to decline. In the context of the financial crisis, the international dry bulk market is facing an unprecedented dilemma.Therefore, in the background of the financial crisis, the concern of international dry bulk freight rates is doubled. As a standard of comparison of ... 2011-11-29 Theoretical Study of Credit under the Perspective of the Credit Crisis. 2011-11-28 Research on Risk...
Economics Papers,Economics Term...
The Bears Explain Links between OTC Derivatives, the Financial ...
By 4closureFraud
This video explains causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global. ~. 4closureFraud.org. Subscribe to this author's posts feed via RSS. Share this ...
Foreclosure Fraud - Fighting...
The global financial crisis and developing countries: taking stock ...
But just as the financial crisis engulfed the world ... researchers to see how the financial crisis is being ..... http://www.odi.org.uk/odi-on/financial-crisis/default.asp ...
www.odi.org.uk/resources/docs/3705.pdf

Curb spending to stay afloat while sailing stormy economic seas
Vancouver Sun
Politicians are voracious consumers of news, mainly because they want to know what is being said about them. In their unending quest for self-references, they may have run across a news item earlier this week that reported the Organization for Economic ...

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