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

Saturday, March 24, 2012

US Stocks Decline On China, Eurozone Worries

US Stocks Decline On China, Euro-Zone Worries
Wall Street Journal
By Matt Jarzemsky Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Stocks traded lower following weak economic signals from the euro zone and fresh concerns from China about slowing global growth. After rising to multiyear highs in recent days, ... 

Euro zone seeks middle ground on rescue fund
Reuters
EU's executive pushes to strengthen firewall to 940 bln euros * Ministers meeting in Copenhagen likely to agree 700 bln size By Robin Emmott BRUSSELS, March 23 (Reuters) -Euro zone finance ministers are moving closer to agreeing a combined rescue fund ...

Bernanke says financial crisis and recession showed vulnerabilities of modern ...
Washington Post
WASHINGTON — Chairman Ben Bernanke said the slow recovery from the Great Recession and 2008 financial crisis illustrates how vulnerable the global economy is, while urging economic policymakers to learn from that lesson. The Federal Reserve chairman ...

Euro zone seeks middle ground on rescue fund size
Reuters
By Robin Emmott | BRUSSELS (Reuters) - Euro zone finance ministers are moving closer to agreeing a combined rescue fund of around 700 billion euros ($924 billion) in Copenhagen next week and anything higher would probably be too ambitious, euro zone ...

Draghi opposes Greek euro zone exit: newspaper
Reuters
BERLIN (Reuters) - European Central Bank President Mario Draghi said he was against any suggestion of Greece leaving the euro zone because that would not solve the country's woes and would lead to higher inflation as well as instability in Greece.

Fed's Bernanke says financial crisis exposed vulnerabilities
USA TODAY
By Martin Crutsinger, AP WASHINGTON – Federal Reserve Chairman Ben Bernanke says the slow recovery from the Great Recession and 2008 financial crisis illustrates how vulnerable the global economy is and urged economic policymakers to learn from that ...

USA TODAY

Economic Outlook: Eurozone faces scrutiny
Financial Times
By Neil Dennis This week will be a test for eurozone financial markets, and investors will be closely scrutinising confidence surveys and growth data for signs of improvement in the region's economy. Mario Draghi, European Central Bank president, ...

Euro zone week ahead – Spain budgets and Italy labours,
Reuters Blogs (blog)
By Mike Peacock The first quarter winds to a close and, for most investors, it must have been a profitable one with stocks climbing and peripheral euro zone bond yields falling largely on the back of the European Central Bank's efforts to pump prime ...

TEXT-Fitch:Eurozone PMI,utilities threatened if further dip
Reuters
The Markit Eurozone PMI Composite Output Index for March showed a fall to a three-month low of 48.7 from 49.3 in February. While disappointing, we don't believe too much should be read into one data point. Our base economic scenario remains anaemic ...

MONEY MARKETS-Euribor futures fall on euro zone debt concerns
Reuters
That optimism cooled this week after weak Chinese and euro zone manufacturing data renewed concerns about a slowing global economy and the ability of southern European states to pay down their massive debt piles. The Euribor contracts were last up 2 to ...

US Stocks Fall On Renewed China, Euro-Zone Concerns
Wall Street Journal
By Matt Jarzemsky Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Stocks fell Thursday after weak economic signals from the euro zone and China raised fresh concerns about slowing global growth. Major benchmarks extended their retreat from multiyear highs ...

Eurozone crisis live: Recession fears stalk markets again
The Guardian
8.32am: With concern building about the waning effect of the LTROs, there's going to be a lot of talk about the meeting in Copenhagen this time next week of EU finance ministers - known as ecofin - and at the same time eurozone finance ministers.

The Guardian

Eurozone PMI drops more than estimated
China Daily
A eurozone composite index based on a survey of purchasing managers in both industries dropped to 48.7 from 49.3 in February, London-based Markit Economics said in an initial estimate on Thursday. Economists forecast a gain to 49.6, according to the ...

Debt crisis: as it happened - March 23, 2012
Telegraph.co.uk
European shares endure a rocky day and Italian and Spanish bond yields climb as fears about the strength of the gobal recovery and debt levels in the eurozonerefuse to subside. European markets have steadied following four days of declines.

Telegraph.co.uk

Fed Chairman Ben Bernanke says financial crisis exposed vulnerabilities
Syracuse.com
By AP WASHINGTON (AP) — Chairman Ben Bernanke said Friday that the slow recovery from the Great Recession and 2008 financial crisis illustrates how vulnerable the global economy is, while urging economic policymakers to learn from that lesson.

ECB's Draghi: Greece can pull out of downward spiral but needs "stable ...
The Republic
Greece is expected to hold general elections in late April or early May after negotiating a massive deal for additional rescue loans from eurozone countries and the International Monetary Fund and a debt restructuring with private bond holders.

Spain Starts to Feel the Heat
Wall Street Journal (blog)
By Neelabh Chaturvedi Two weeks after a successful debt exchange helped avert the risk of a disorderly default in Greece, bond markets have found a new target in the euro zone: Spain. Spanish bond yields are on the rise. The 10-year government bond ...

Eurozone seeks middle ground on size of bailout fund
National Post
"Officials are moving towards the middle ground of giving the combined fund a lending capacity of 700-billion," said one eurozone diplomat who had seen the Commission report that was also obtained by Reuters. By Robin Emmott BRUSSELS – Eurozone finance ...

National Post

Dutch politician puts government on notice
Reuters
A think tank warned this week that the Netherlands was in the same fiscal boat as the peripheral euro zone states it has criticised for missing budget targets. In recession since July, it is among the euro zone's worst performers, and expected to ...

Eurozone banks rip-off 'real' sector to tune of trillions of euro
New Europe
Key analysts are blaming the major Eurozone banks, mainly in France and Germany, for dragging their heels in preparing to face up to the Greek default, which was not ultimately avoided. It came on 9 March, after the banks had passed the larger part of ...

New Europe

Eurozone Business Activity Declines in March
Voice of America (blog)
The eurozone's economy shrank three-tenths of a percent in the last three months of 2011 and analysts say the region's economy is still in a decline. Markit's chief economist, Chris Williamson, said the downturn is “only very mild at the moment.

Could Italy Rekindle The Eurozone Crisis?
Seeking Alpha
While everybody was focusing Greece and the European Central Bank (ECB), people were merely assuming that Italy under the hugely popular and zealously reforming Mario Monti had done enough to stop the rot of the Euro zone crisis right there, ...

CNBC: Euro Contagion Fears Return, With Spain Leading Way
Moneynews
By Michael Kling If you think the eurozone's contagion risk is over, you're likely to be disappointed. Rising Spanish bond yields indicate that Spain is suffering from contagion and probably won't get better any time soon, according to CNBC.com Spanish ...

More eurozone woes as output nosedives
This is Money
By Hugo Duncan The eurozone took a turn for the worse yesterday as storm clouds gathered over Germany and France and Ireland crashed back into recession. Research group Markit said output in the single currency bloc fell at its fastest rate for three ...

This is Money

Eurozone 'poster child' Ireland back in recession
Daily News & Analysis
Ireland, which received an €85 billion (£71 billion) international bail-out in 2010, has won plaudits from eurozone members for its implementation of tough spending cuts and austerity measures. European leaders, including Angela Merkel, ...

Eurozone PMI falls in March but consumer confidence rises
The Australian
EUROZONE business activity shrank further in March, suffering its biggest contraction in three months and cementing fears the region is officially in recession. Markit Economics said overnight that its composite purchasing managers' index for the 17 ...

Greeks less wealthy, out of Eurozone would be worse, Draghi
Agenzia Giornalistica Italia
(AGI) Berlin - Greeks must resign themselves to give up part of their wealth, but to remain in theEurozone is certainly better than staying out, as Mario Draghi said in the second part of his interview to Bild. Draghi explained that, as a matter of ...

Investors take fright, grab profit on Italian debt
Reuters
* Italian bond returns euro zone's highest in 2012 * Contagion fears from Spain spark profit-taking * Foreign investors mainly behind sell-off By Marius Zaharia LONDON, March 23 (Reuters) - Investors are making handsome profits by selling Italian ...

ADR Report: ADRs Fall On China, Euro-Zone Macro Worries
Wall Street Journal
By Joan E. Solsman Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Shares of international companies trading in New York declined Thursday, after renewed worries about China growth and weak data in the euro zone weighed on markets around the world.

FRANKFURT CONTACT TELLS SLOG: “EUROZONE WILL ...
By John Ward
As ECB President Mario Draghi declared the eurozone out of the woods yesterdays, The Slog's Bankfurt Maulwurf offered a diametrically opposed opinion. And more details emerged of how French security services botched the monitoring of ...
The Slog

EuroView: Growth Worries Disturb The Eurozone Market Calm ...
By Market News International
By Jack Duffy PARIS (MNI) - Europe's debt crisis, which many believed to have been vanquished by the European Central Bank, is not quite ready to.
ForexLive

How Rating Agencies are aggravating the Euro Crisis
By Fabian Lindner
Rating agencies Standard & Poor's, Fitch and Moody's are alive and kicking: the whole world quakes in the face of their credit ratings, not least most recently the governments in theeurozone. The rating agencies influence the ups and downs ...
Social Europe Journal

THE ASTUTE BLOGGERS: Uh-oh: Euro-zone debt crisis not over
By Reliapundit
“The data highlights the knife-edge that the eurozone is operating on, with even core countries struggling to grow at a sufficient pace to compensate for the ongoing recessions in several peripheral nations.” ING economist Peter Vanden Houte ...
THE ASTUTE BLOGGERS

2012 Financial Crisis: Wall Street's Latest Scheme Uses Your Bank ...
By Keith Fitz-Gerald
In 2008, reckless credit default swaps nearly obliterated the global economy. Now comes the next crisis - rehypothecated assets. It's a complicated, fancy term in the global banking complex. Yet it's one you need to know. And if you understand ...
Money Morning

XE.com - REFILE-Euro zone seeks middle ground on rescue fund size
Euro zone finance ministers are moving closer to agreeing a combined rescue fund of around 700 billion euros ($924 billion) in Copenhagen next week and anything higher would probably be too ambitious, euro zone diplomats said on ...
XE Forex News

Banking Law Prof Blog: Mortgage Banking and the Financial Crisis ...
By Banking LawProf
Mortgage Banking and the Financial Crisis - Roundup of Articles. Thanks to Chris Odinet, Phelps Dunbar LLP, Baton Rouge, LA, here's a round-up of this week's latest legal scholarship dealing with mortgage banking and the financial crisis: ...
Banking Law Prof Blog

“Eurozone Slides Back Into Recession” Says Markit PMI News ...
By Stefan B
“Eurozone Slides Back Into Recession” Says Markit PMI News Release; Sharp Decline in German Export Business; Misguided Decoupling Theories. by Mike Shedlock, MISH'S Global Economic Trend Analysis: Inquiring minds are digging into ...
SGTreport - The Corporate Propaganda...

Weekly Eurozone Watch: The Pain in Spain | Global Macro Monitor
By macromon
Like. Be the first to like this post. This entry was posted in Weekly Eurozone Watch and tagged European Debt Crisis, European Sovereign Spreads, Eurozone Banks. Bookmark the permalink. ← Hong Kong's Growing Income/Wealth Gap ...
Global Macro Monitor

Ireland's economy in recession, stoking contagion fears | Emerging ...
By Randall Mah
Ireland's economy in recession, stoking contagion fears. March 23, 2012 at 8:45 am by Randall Mah. The Republic of Ireland slipped back into recession during the last quarter of 2011, with the economy shrinking 0.2% between October and ...
Emerging Money

The Global Financial Crisis is a Global Human Rights Crisis
Journalists for the most part report what they know and hope that someone pays attention. With so many media outlets, brands, bloggers and sloggers out there, ...
globalresearch.ca/index.php?context=va&aid=29695

Bernanke: the man, the legacy and the law - Finance Addict ...
Fed chairman Ben Bernanke is covered in a long profile by Roger Lowenstein in the Atlantic. The sympathetic account takes the reader blow-by-blow through ...
financeaddict.com/.../bernanke-the-man-the-legacy-and-the-la...

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