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

Friday, December 9, 2011

Fear Contagion – Who Is In Control In Europe?

Fear Contagion – Who Is In Control In Europe
FX Empire
Fear is spreading throughout the markets today. Fear is spreading among government officials. Fear is spreading though business and corporations. Fear is spreading Bank to Bank. With each hour, the possibility of a collapse of the EU becomes a stronger ...

A look at key players in Europe's financial crisis
The Associated Press
A stony-faced Merkel has lectured the other EU leaders about Teutonic fiscal orthodoxy and the necessity of making profligate nations that helped cause the financial crisis feel the pain for overspending. The 57-year-old opposes eurobonds that would ...
Corporate Default Rate May Rise to 2.4% in 2012, Moody's Says
BusinessWeek
8 (Bloomberg) -- The global corporate default rate will increase to 2.4 percent within a year, with US media and advertising and European business services companies worst affected, according to Moody's Investors Service. There was a “considerable ...
Israeli banks PIIGS exposure - NIS 2.4b
Globes
Israeli banks exposure to the PIIGS - Portugal, Ireland, Italy, Greece, and Spain - was NIS 2.4 billion at the end of September 2011, of which NIS 48 million is classified as problem debt, according to a study by "Globes". ...
An Asset-Pricing Model for the Contagion Age: Polson and Scott
San Francisco Chronicle
8 (Bloomberg) -- The financial crisis and the meltdown in Europe have exposed the deficiencies of traditional asset- pricing models, particularly their inability to account for the effect of contagion from one market to another. ...
Kamakura Announces Free Trials of Its KRIS Default Probability Service in ...
MarketWatch (press release)
NEW YORK, NY, Dec 08, 2011 (MARKETWIRE via COMTEX) -- Kamakura Corporation reported Thursday that it would offer free trials of its Kamakura Risk Information Services default probability service to financial institutions and bank regulatory agencies in ...
Student loans: America's next financial crisis
NASDAQ
Student loans, because they are taken out to pay for education, an intangible, cannot be discharged in default. Furthermore, they're largely insured by the federal government, which means even a mass-default protest - like the one proposed by some ...
Sovereign Debt Risk Jumps Most in Five Months Amid No Extra Bond Purchases
Bloomberg
By Abigail Moses - Thu Dec 08 17:25:47 GMT 2011 The cost of insuring against default on sovereign debt rose the most in five months after European Central Bank President Mario Draghi failed to signal the lender will buy more bonds. ...
Did A Fair Lending Law Cause the Financial Crisis?
CNBC.com
Holland—who I mistakenly called Hollander in my post, probably because I had a chum in elementary school called Josh Hollander—argues that it wasn't bad mortgage lending practices that caused the financial crisis and subsequent economic downturn. ...
Summary Box: Metals, oil prices fall as concerns deepen about Europe's ...
Washington Post
MIXED BAG: Prices for metals and most energy products fell. Natural gas, corn and soybeans rose. INVESTOR CONCERNS: Hopes dimmed after the head of the European Central Bank said there is no existing plan to buy government bonds in large quantities to ...
Handicapping a 2012 Eurozone Meltdown
Forbes
Investors looking optimistically to 2012 will have to reconcile that rosy view with the seemingly inevitable prospect of a Greek default and the potential breakup of the eurozone, regardless of what takes place at the two-day summit of European leaders ...
Cutting Edge introduction: clarity needed on credit adjustments
Risk.net
A debate over whether to include counterparty risk adjustments at the point of default is animating quants, but either of the obvious answers could exacerbate systemic risk. Laurie Carver introduces this month's technical papers The International Swaps ...
Corning Incorporated 5-year Credit Default Swap falls 0.98 basis points ...
Laser Focus world
Corning Incorporated 5-year Credit Default Swap (GLW.US) fell 0.98 basis points (or 0.8%) to close at 118.69 basis points. A decrease in spread is a bullish signal. The change in insurance premium against default on a 5-year $10 million worth of ...
Divorce numbers boosted by credit crisis – and Christmas is coming ...
By Ian Cowie
Financial stress caused by the credit crisis could be the reason more marriages are failing and divorce numbers increased by 5pc last year, according to the Office for National Statistics (ONS).
Finance
The Borrower from Hell: Debt and Default in the Age of Philip II
By Paul Kedrosky
By Paul Kedrosky · December 8, 2011 ·
Paul Kedrosky's Infectious Greed
DutchNews.nl - No foreign bankers turn up to financial crisis inquiry
None of the foreign bankers or government ministers invited to give evidence to the Dutch parliamentary inquiry into the 2008 financial crisis have attended, the Telegraaf reports on Thursday.
News from DutchNews.nl
When There's a Financial Crisis | Mentoring Leaders
By keonemoore
When we hit a financial crisis, we don't arrive without instruction or warning. Sometimes we can't understand the warnings. Today we will catch some of the warning signals and identify them. When it comes to a financial crisis, the Bible gives ...
Mentoring Leaders
A look at key players in Europe's financial crisis | The Associated ...
By The Associated Press
As European leaders meet in Brussels in an effort to save the euro, a brief look at some of the key players: ANGELA MERKEL.
Examiner RSS
Why No Financial Crisis Prosecutions? Ex-Justice Official Sa ...
By Judy C.
It's an issue we and others have noted again and again: Years after the financial crisis, there have still been no prosecutions of top executives at the major players in the financial crisis.
Care2 News Network
Silver gold ratio could spike to 100:1 during this financial crisis ...
By Silver Guru
In this exclusive interviewBob Moriarty, founder of 321gold.com, believes that the ratio could spike to 100:1 during this financial crisis given that historically the ratio has always been higher in such situations. But, the primary factor in the price of ... The Greek default—and Greece has defaulted even though they won't admit it—will cause a default in Spain and Italy, and that's going to cause adefault in France and that's going to cause a default in the U.S.. TGR: And what happens when ...
Silver Prices
Italy weighs impacts of financial crisis – RBC Dexia quick poll ...
By pamela.c.lam@rbcdexia.com
Italy weighs impacts of financial crisis - RBC Dexia quick poll. Asset managers show firm support for new Italian government amid Eurozone crisis but doubts remain over EU rescue strategies. 1 of 5 2 of 5 3 of 5 4 of 5 5 of 5. Loading . ...
Intellectual Capital - RBC Dexia...
The PIIGS in Perspective « No Money No Worries
By nmnw
The PIIGS in Perspective. Below is a helpful chart showing where the PIIGS would rank in comparison to American states, sorted by GDP per capita. Data is derived from the US Census and the CIA World Factbook (2009 and 2010). ...
No Money No Worries
Why No Financial Crisis Prosecutions? Ex-Justice Official Says It's ...
The official, David Cardona, told the Wall Street Journal that bringing financial wrongdoing to account is.
www.propublica.org/article/why-no-financial.../single
Mervyn King financial crisis: In 30 years, I've never heard such talk ...
ALEX BRUMMER: The normally calm Mervyn King cut loose in his latest pronouncement on the global financial meltdown, declaring that the banking system ...
www.dailymail.co.uk/.../Mervyn-King-financial-crisis-In-30-y...
Europe's Financial Crisis, in Plain English - New York Times
Simple answers to complicated questions about what's wrong with Europe and whether it can be fixed.
www.nytimes.com/.../adam-davidson-european-finance.html?...

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