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

Monday, December 12, 2011

German Bunds: Harbor or Storm?



German Bunds: Harbor or Storm?
Wall Street Journal
Throughout the European financial crisis, German government bonds retained their haven aura, rewarding investors who clung to debt of the economic powerhouse. Now, though, many see a threat that measures taken to save the euro will leave Germany ...
Wall Street Journal

Euro crisis tests German, US ways of handling financial crisis
Economic Times
BERLIN: Even as European leaders put together their latest response to the euro crisis last week, a German-American clash over how best to manage a vast financial crisis and put the world economy back on a sound footing was set in stark relief. ...

The Tale Bank Debt Tells
Wall Street Journal
While the bank's stock has neared, but not touched, lows seen during the worst of the financial crisis, the cost of insuring against default for some of BofA's debt has sometimes surpassed that seen in spring 2009, according to data from Markit. ...

BRAND NEW NUMBERS: 20 Banks That Are Praying Europe Doesn't Go Bust
Business Insider
This set of tests provided less information than the last—in July we chose to compare total exposure rather than simply sovereign debt exposure—but we've nonetheless repeated our tests, comparing total holdings of PIIGS sovereign debt to common ...

Fed to Congress: 'We Didn't Do It'
Wall Street Journal
—Memo from the Federal Reserve to Congress, "Correction of Recent Press Reports Regarding Federal Reserve Emergency Lending During the Financial Crisis," Dec. 6, 2011 The Reality: Fed Chairman Ben Bernanke correctly says recent reports about the Fed's ...

Nervous leaders await judgment of the markets
Financial Times
By Stanley Pignal in Brussels Signatories to the deal struck by European Union leaders on Friday to reform the eurozone will be praying that markets this week give their latest plan a warmer reception than that meted out to similar accords in recent ...

How a Eurozone Recession Would Impact the Recovery
The Fiscal Times
Marshall Meyer, Wharton management professor, observes that while the greatest threat of a European recession to the United States economy would be financialcontagion through the banking system, Chinese state-controlled banking giants “are not going ...

Would A New Deutsche Mark Reach U.S. Dollar Parity?
Seeking Alpha
In a report released Monday, Nomura's fixed income research team analyzes the potential depreciation of new Eurozone currencies in the case of a break-up and sees the Greek drachma falling almost 60% over 5 years; the group of PIIGS plus Belgium would ...

Time to confront the repercussions of the European crisis
The Seattle Times
The core eurozone accounted for $5.1 billion in merchandise trade for Washington companies in 2010, up 9.5 percent from the pervious year. The state also receives foreign direct investment from Europe. Would Californians accept fiscal discipline ...

Forecast puts Britain in path of malign forces
Fundweb
A: The most crucial thing is for the European authorities to take decisive action to prevent financial contagion from spreading to the other peripheral eurozone countries like Portugal and Ireland and avoid defaults there. Their initial plan to expand ...

UAE immune to Eurozone contagion, World Economy News, World ...
UAE immune to Eurozone contagion. Thursday, 01 December 2011 | 00:00. UAE Central Bank Governor Sultan Bin Nasser Al Suwaidi has ruled out any ...
www.hellenicshippingnews.com/en-gb/News.aspx?...1f9a...

OECD warns of eurozone contagion risk | Jackpot Investor
http://www.ft.com/cms/s/fe2a290c-1798-11e1-b00e-00144feabdc0, jackpotinvestor.com/.../oecd-warns-of-eurozone-contagion-ris...

5 Other Countries Affected By A Troubled Europe - Investopedia.com
Still, China faces an inflation problem, which is largely a result of the eurozone contagion, and Chinese finance officials seem unsure of how to stem the ...
financialedge.investopedia.com/.../5-Other-Countries-Affected...

Fresh wave of demand for London rental property as Eurozone ...
Fresh wave of demand for London rental property as Eurozone contagion spreads. • Italian and Spanish white collar workers replace Greek in migration to ...
www.ludlowthompson.com/press/press_release.htm?id=124

Technocrats Fail to Fix Eurozone | No Left Turns
It seems that technocracy needs to be made of sterner stuff, however, as the Italian economy continues to plummet and the Eurozone contagion is now starting to ...
nlt.ashbrook.org/2011/11/technocrats-fail-to-fix-eurozone.php

Business - WSJ.com: 'US will avoid Eurozone contagion'
'US will avoid Eurozone contagion'. (Posted on The Economic Times at Tue, Dec 06, 2011 at 08:05PM). US faces only limited fallout from the eurozone debt ...
onespot.wsj.com/business/.../us-will-avoid-eurozone-contagion

U.S. will avoid euro zone contagion: top investors | Reuters
NEW YORK (Reuters) - The United States faces only limited fallout from the euro zone debt crisis and the struggling European economy, a situation that bodes ...
www.reuters.com/.../us-investment-summit-idUSTRE7B41ZQ...

Contagion? U.S. Banks Strangely Immune to Euro Crisis
Contagion? U.S. Banks Strangely Immune to Euro Crisis. The Economist, The Economist.THE financial crisis of 2008 mowed down banks in ...
www.realclearmarkets.com/.../contagion_us_banks_strangely_...

All World News: OECD warns of eurozone contagion risk
OECD warns of eurozone contagion risk. European leaders need to provide " credible and large enough firepower" to halt the sell-off in the eurozone sovereign ...
worldonthisday.blogspot.com/.../oecd-warns-of-eurozone-cont...

OECD warns of eurozone contagion risk - FT.com | #GreekCrisis ...
European leaders need to provide “credible and large enough firepower” to halt the sell-off in the eurozone sovereign debt market or they will risk a severe ...
www.scoop.it/.../oecd-warns-of-eurozone-contagion-risk-ft-co...

Views from under the Palm - johnmpoole.com - economy, business, technology, politics, opinions: Europe’s disastrous summit--I'm with Felix: "Second opinion? Here you are--
" . . . this looks like a disastrous meeting. More austerity, more posing of the crisis, wrongly, as being all about fiscal deficits; no mechanism for ECB funding. Somehow southern Europe is supposed to deflate its way to prosperity, while everyone runs a trade surplus, presumably against that potentially habitable planet we’ve discovered 600 light-years away." Paul Krugman, New York Times.
The U.S. is already getting inflows as a "safe haven" from the chaos about to descend upon Europe."

Eurozone leaders deluded if they think this 'sticking plaster' treaty can ...
Telegraph.co.uk
Other announcements included the “rapid deployment” of the €440bn European Financial Stability Facility, to prop-up distressed governments such as those in Greece, Italy and Spain, preventing “contagion” from spreading across the eurozone....

Lessons From Europe
New York Times (blog)
Aside from pointing out just how bad an idea the new super-stability pact is, O'Rourke makes an important observation about what the European experience teaches us about macroeconomics: One lesson that the world has learned since the financial crisis ...

Ireland arrests ex-Anglo Irish bank head in financial crisis probe
Victoria Times Colonist
Irish police arrested the former boss of the collapsed Anglo Irish Bank as part of a probe into wrongdoing at the institution that helped spark the country's financial crisis. It was the second time that Sean FitzPatrick, former chairman and CEO of ...

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