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

Tuesday, December 6, 2011

Greece's Samaras Sees Deep Recession Lingering

Greece's Samaras Sees Deep Recession Lingering
Wall Street Journal
"Contagion is moving fast. "And contagion is not only economic, it is not only political, it is also social. And there is one big problem with social contagion. With places like Spain having a 21% unemployment rate, that could lead to violence," he ...

Merkel Heads to Paris as EU Leaders Seek Debt-Contagion Strategy
San Francisco Chronicle
Dec. 5 (Bloomberg) -- European leaders will take another run at fixing the debt crisis this week after the failure of their fourth rescue blueprint sparked intensified concern the 17-nation euro area was on the brink of unraveling. ...

Why Credit-Default Swaps Work On AMR's Debt, But Not Greece's
Wall Street Journal
s (AMR) bankruptcy is expected to force sellers of credit default swaps on the company's debt to pay up to $367 million to bondholders, in what would be the latest example of the insurance-like contracts working as expected. ...
Detroit's fiscal crisis holds risk for Snyder
The Detroit News
Lansing — Gov. Rick Snyder has nothing to gain by starting the process that could lead to an emergency manager in Detroit, experts said following Friday's announcement — but he does have something to lose if he stands by and watches the state's ...
How the financial crisis barely dented carbon emissions
Nature.com (blog)
The global financial crisis of 2008–2009 was no exception. But as an analysis published today in Nature Climate Change and also at the Global Carbon Project's website notes, carbon emissions have already rebounded as if the crisis never happened. ...
Big borrowers of India Inc default on Rs 47000 crore loans
Times of India
Investigations have shown that in several instances, it was not a simple case of default but even cheating was involved. Bank executives failed to attach personal assets of directors of companies that had defrauded the banks, sources said. ...
India may face its worst financial crisis in decades as rupee retreats
Times of India
India may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leaving the RBI with a difficult choice over how to make best use of its limited reserves to maintain the confidence of foreign investors. ...
Credit-Default Swap Index in US Falls as Italian Yields Decline
BusinessWeek
The Markit CDX North America Investment Grade Index of credit-default swaps, which investors use to hedge against losses on corporate debt or to speculate on creditworthiness, fell 4.5 basis points to a mid-price of 121.1 at 8:17 am in New York, ...
Obama has repeatedly stressed the need to resolve Greece's financial crisis
CNN
US President Barack Obama has repeatedly stressed the importance of resolving Greek's financial crisis, citing its far-reaching impacts on global markets. Biden will also meet with George Papandreou, leader of the Panhellenic Socialist Movement, ...
Fitch affirms very low default risk on ING Vyasa
NDTV
PTI, 06 Dec 2011 | 12:12 AM Ratings agency Fitch on Tuesday affirmed a very low default risk on ING Vysya Bank in the long term with a stable outlook on the lender's comfortable capital position and improved asset quality. ...
Here Is The Contagion
Seeking Alpha
In fact, last week the Economist article entitled "Contagion? What contagion? American banks have been strangely immune to Europe's crisis" rhetorically asked if American banks are insulated from the crisis in Europe: America's banks are reasonably ...
Behind the financial crisis: A fraud investigator talks
CBS News
"It's been three years since the financial crisis crippled the American economy," Steve Kroft begins his 60 Minutes piece this week. "[Yet] there has not been a single prosecution of a high ranking Wall Street executive or major financial firm. ...
Interactive financial crisis timeline produced by the St. Louis Federal Reserve
AGBeat (blog)
The St. Louis Federal Reserve Bank has designed and released an interactive timeline about thefinancial crisis which dates from 2007 to today and makes clear what speed bumps our economy has hit along the way, as depicted in the image above. ...
Financial Crisis Impact on Bank of America Valuation
GuruFocus.com
Did Recent Financial Crisis Negatively Affect the Worst Case Scenario Valuation for Bank of America? Our prior report on the downside risk to shares of Bank of America concluded the intrinsic value estimate under a worst-case scenario was $4.85 ...
In fiscal crisis, Madrid slashes Christmas light spend
SmartPlanet.com (blog)
By Jennifer Riggins | December 5, 2011, 3:21 AM PST MADRID — Spain has at least 23 percent unemployment and a large public debt. Should it be wasting a desperately needed 2.6 million euros on holiday lights? With lights aglow, as they are every year, ...
Desperate Investors Seek New Investment Opportunities in Financial Crisis
InjuryBoard.com
We all know that the financial crisis of the past three plus years has caused many people to need to sell assets that they would be better off keeping. What many of us probably have not contemplated is the fact that many people living on fixed income, ...
HAFC, FIG, DRL: Contagion of a Different Sort
SmallCap Network
As The Economist puts it in its contagion write up, the US banks are in a very different situation (read much better) than their European counterparts and argues that there is no contagion effect whatsoever among the financial players. ...
Bos: I didn't see the credit crisis coming
Radio Netherlands
Former finance minister Wouter Bos told a parliamentary commission that the 2008-2009 credit crisis was “completely unexpected.” Mr Bos told the De Wit Commission, investigating the Dutch government's response to the 2008 credit crisis, that although ...
Dubai eyes refinancing of $10bn in state debt
Financial Times
It avoided a default with the help of about $20bn in loans from the United Arab Emirates and its capital, Abu Dhabi. The government has since pursued a strategy of repaying bondholders in full while negotiating loan extensions with banks. ...
Dealers fret over who pays CCP default tab
Financial News
The rise of mega clearing silos amid new regulation has raised issues about the mutualisation of risk, and the extent to which dealers will be liable following a major default. Last week, the Bank of England's UK Financial Stability report warned that ...
Check out this political cartoon that sums up the EU's attitude towards the financial crisis ...
TheBlaze.com (blog)
Apparently, austerity measures are a terrible thing. They are so horrible, in fact, that even mentioning them will bring you to tears. Because, as mentioned in the above, the Italian government agreed to adopt an “aggressive €30bn [$40 billion] ...
BC-EU--Italy-Financial Crisis, 6th Ld,0103
ABC6OnYourSide.com
WASHINGTON (AP) -- Facing criticism from industry and lawmakers, the Obama administration is easing rules aimed at reducing toxic air pollution from industrial boilers and incinerators. ... WSYX files and maintains quarterly Children's Television ...
US Bank Credit Swaps Lead Risk Decline on Europe Crisis Steps
BusinessWeek
Credit-default swaps on US banks eased to the lowest levels in a month. The Markit CDX North America Investment Grade Index of credit-default swaps, which investors use to hedge against losses on corporate debt or to speculate on creditworthiness, ...
The Financial Crisis as Urban Mythology - NICA
By Eloe
Miriam Meissner | This project analyzes the textual and (audio)visual narrativization of the global financial crisis of 2007-2010. In particular, it analyzes how financial crisis narratives articulated and staged the early 21st century global city as ...
Netherlands Institute for Cultural...
Mike Norman Economics: What caused the financial crisis?
By Tom Hickey
What caused the financial crisis? Home loans didn't bring on the recession; gimmicky financial instruments bloated to 100 times their value are what caused all this pain. Wall Street turned a few million home-loans into what Warren Buffet ...
Mike Norman Economics
Jolkona Blog » Blog Archive » Giving in a Financial Crisis
By Gabriel St. John
Since the financial crisis of 2008 and its enduring aftermath, nonprofits have had to wrestle with a trying dichotomy: people have less money to give, but the need for giving is ever greater. Statistics and examples of those statistics are ...
Jolkona Blog
An FAQ on Europe's Financial Crisis
By David
Short answers to the most common questions about the Euro.
My Little Nomads
PAIRSonnalités | IN-ASIA: Fiscal crisis raises questions on future of ...
By PAIRSonnalités|news
Fiscal crisis raises questions on future of Afghan aid: Afghan President Hamid Karzai told the meeting the Afghan economy had made great strides from its "dismal baseline" in 2001, but said persistent poverty, corruption and imperfect aid ...
PAIRSonnalités | IN-ASIA
Merkel: Financial crisis solution to 'take years' - Yahoo! News
Rising borrowing costs fed by fears of default led to Greece, Ireland and Portugal seeking bailout loans from other eurozone governments and the International ...
news.yahoo.com/merkel-financial-crisis-solution-years-08321...

Euro Crisis - Google News

Fiscal Cliff - Google News

Economics, interest rates, house prices, inflation, Bank of England

Markets News - Global Financial Market News

Financial Crisis

Jeremy Warner - Finance and business comments

Ambrose Evans-Pritchard - Finance and business comments

Jeff Randall - Business and politics comments

New Normal News

Views under the Palm

johnyah