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

Monday, December 5, 2011

Time of reckoning for the euro zone

Time of reckoning for the euro zone
Reuters
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 ...
Bank-Run Risk in the Shadows
Wall Street Journal
The 2008 financial crisis displayed characteristics of a classic bank run, but people holding bank accounts weren't the ones scrambling to get their cash. It was lenders demanding their money from other financial institutions. ...
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 ...
Economic Crisis? Indonesia Doesn't Think So
Jakarta Globe
Indonesia remains confident that it has taken the necessary steps to ride out a protracted global financial crisis and avoid the worst of the damage. (Antara Photo) Indonesia remains confident that it has taken the necessary steps to ride out a ...
Asia's bond markets offer value
FinanceAsia
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 ...
Leaders at Americas talks: world economy top worry
Boston.com
December 03, 2011|Ian James and Jorge Rueda, AP Leaders from across Latin America and the Caribbean pledged closer ties to safeguard their economies from the world financial crisis as they formed a new bloc on Saturday including every nation in the ...
Firms' bond issuances hit record high
Korea Times
“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
Financial Times
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
MiamiHerald.com
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
Arbitrage Magazine
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. ...
Get ready for the supercomputer that can predict the future (even the next ...
Daily Mail
By Daily Mail Reporter A £900million scheme to produce a computer system which could predict the next financial crisis has been backed by leading scientists. The Living Earth Simulator Project (LES) aims to 'simulate everything' on the planet, ...
IDB chief urges EU not to repeat mistakes of the past
Arab News
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 ...
www.bespokeinvest.com/.../global-sovereign-credit-default-sw...
EU Financial Crisis News - World News Report
is no easy fix to the European financial crisis, and that a solution will “take … to the financial crisis. She claimed the euro zone instead needs a new “stability ...
world.einnews.com/news/eu-financial-crisis
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? ...
www.cnbc.com/.../Contagion_at_the_Core_as_Global_Growth...

Bank share prices slump on loan default fears
Business Daily Africa
Some commercial banks are re-structuring customer loans so as to reduce the risk of default, indicating that provisions for bad debts may start edging upwards- eating up the bottom line. Central Bank of Kenya .
The Credit Crisis, Democracy and the Merkozy Space
Pravda
... which work when the economy is spiralling upwards but collapse when it starts to spiral back downwards), throw in the insurance and reinsurance policies taken about on these products, throw in the contagion that a globalised economy entails and we ...
MONTI SAYS CHOICE IS BETWEEN SACRIFICE OR EUROPEAN DEFAULT
Agenzia Giornalistica Italia
(AGI) Rome - Italy faces a choice between tough budget measures for necessary sacrifices and a European that would bring disgrace upon the country. This is according to the Italian Prime Minister, Mario Monti, who is reported to have made the comments ...
Toy retailers are riding out the financial crisis
Kathimerini
By Mary Lembessi If there is one part of the retail sector that seems to be weathering the crisis without significant losses, it's toy retailers, who are expecting to see a healthy surge in sales within the next couple of weeks as Christmas approaches. ...
Geithner plans trip to Europe
Bend Bulletin
WASHINGTON — Treasury Secretary Timothy Geithner will travel to Europe this week to make a last-ditch plea to European leaders to take dramatic steps to contain their financial crisis before it wrecks the global economy. Geithner is making the trip, ...

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