Time of reckoning for the euro zone
Full Coverage France's President Nicolas Sarkozy arrives to deliver his speech on the euro zonefinancial crisis in Toulon, south eastern France, December 1, 2011. By Stella Dawson WASHINGTON (Reuters) - Failure by European leaders at their summit this ...
Global economic crisis looms, says Rudd
Sydney Morning Herald
Foreign Minister Kevin Rudd has warned that the world is teetering on the brink of another financial crisis, as he made his first foray at the ALP's national conference. In an address in which he praised his successor Julia Gillard by name twice and ...
Saving Italy's Bondholders, Not Italy
Slate Magazine (blog)
By Matthew Yglesias In theory Italy -- with its primary budget surplus but high borrowing costs driven by perceived default risk -- should be well-positioned to benefit from a little old-fashioned collateral. You don't need to put "The Last Supper" up ...
Asia's bond markets offer value
Companies within the MSCI UK Index have been holding on to cash since the financial crisis, with a reduction in debt-to-equity ratios in the non-financial sector to around 20%, down from more than 50% in 2008. While dividend yields are a better ...
Firms' bond issuances hit record high
“Asian companies seemed to lead the global economic recovery following the financial crisis, but the global economic downturn is affecting them as well. As the top Asian businesses are export-oriented, the extension of the fiscal crisis in Europe will ...
Debt crisis lessons from Latin America
In 2001, it ran through a series of governments before triggering the world's then-biggest default($100bn; so small compared to Italy's €1.9tn bond market). Even the brilliant economist Domingo Cavallo failed to turn the tide. ...
Those Euro Bets Have Many Ifs
New York Times
By PAUL J. LIM THE European fiscal crisis isn't just raising investor concerns about how much foreign exposure to have, but also about how those bets should be made. Historically, most individual investors have left their international holdings fully ...
Pricey art continues its rebound at Basel
Leaving the dark days of the financial crisis well behind them, art collectors appear to be gaining confidence and scooping up more expensive pieces. Forget that red drip: the price remains $2.8 million. Art Basel Miami Beach concluded Sunday. ...
Crisis Looms in the Eurozone
Only 15 days remain before Greece may default on all its loan payments. As days go by, this impending disaster appears to be imminent because of the soaring market interest rates and growing pessimism in the economic environment. ...
US debt: money managers' least favorite investment
The Associated Press
It's been a recurring story since the financial crisis hit in 2008. For three years running, pundits have predicted that investors will eventually refuse to finance the US government's $15 trillion in debt and the Treasury market will collapse. ...
IDB chief urges EU not to repeat mistakes of the past
The recent financial crisis, from the adverse impact from which the world is struggling to come out, has vividly made this clear. If the banks participate in risk, they will themselves be more cautious in lending and will evaluate loan proposals more ...
Monty Pelerin's World » Martenson and Turk on The Financial Crisis
By Monty Pelerin
In Martenson's view, the financial sector has become way too large and interlinked across borders, so that a default by one country could bring down the whole financial systems, because creditdefault swaps would get triggered and could ...
Monty Pelerin's World
Global Sovereign Credit Default Swap Prices - Bespoke Investment ...
Below we highlight the current 5-year CDS (credit default swap) prices for the sovereign debt of 44 countries. The list is sorted by the least to most risky countries ...
CNBC Trader Talk Blog — Pisani: Contagion at the Core as Global ...
Contagion at the core. A poor auction of ... Analyst Dick Bove admits he was mistaken about bank stocks recovering from the financial crisis. Europe Bank Run? ...