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

Sunday, April 15, 2012

Eurozone crisis roars back to savage Spain

Eurozone crisis roars back to savage Spain
Telegraph.co.uk
Photo: AP By Liam Halligan Just when you hoped it really was "solved", the eurozonecrisis has roared back on to the global agenda. Like a lingering bad smell, the fundamental contradictions at the heart of monetary union can be blanked out for a while ...

Telegraph.co.uk

The Week Ahead: Buckle Up...More Turbulence to Come
Forbes
Spiking yields in both Spanish and Italian bonds renewed fears of a Eurozone contagion. China bears were out in force. But then the US market opened Wednesday as if it had been fully medicated, and closed sharply higher. Alcoa's (AA) earnings after the ...

Spanish Bonds Decline for Second Week on Debt Contagion Concern
BusinessWeek
“A good part of the current turbulence” in debt markets “is due to Spanish contagion,” Maria Cannata, head of Italy's debt agency, told reporters in Rome on April 11. Italy's two- year yield has increased more than 150 basis points during the past six ...

Roll up, roll up, eurozone's in town
National Business Review
The eurozone crisis is an infamous circus that has come permanently to reside in everyone's town. At any moment, the circus can put on a show, demanding that all and sundry passing by roll up to watch. No need to cavil about having other engagements or ...

Eurozone crisis focuses on Andalucia, home to sun, sand and soaring deficits
ForexLive (blog)
By Gerry Davies || April 14, 2012 at 09:02 GMT mikie: lost so much this week with money and energy. I guess its back to the alaskan pipeline for me HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for ...

Europe Week Ahead: Euro-Zone Crisis, Tesco and M&S
MarketWatch
All eyes on Spain after a week in which the IBEX-35 hit a 3-year low, Tesco reports earnings having warned on profits and economic data will shed light on industrial activity in the euro-zone. Sara Sjolin and Andrea Tryphonides discuss. Photo: Reuters.

European stocks sink on eurozone debt woes
Business Spectator
European stocks sank on Friday, despite gains in Asia, as investors reacted to eurozone debt tension over rising Italian and Spanish bond yields, and unexpectedly weak Chinese economic growth. Stock indexes in France and Germany fell more than 2.4 per ...

Mortgage interest rates fall 15 times faster than in eurozone
Irish Independent
By Laura Noonan INTEREST rates paid by Irish mortgage holders are now falling more than 15 times as fast as rates paid by homeowners across the eurozone. Data from the ECB shows the average interest rate paid on mortgages here has fallen by 12.6pc over ...

Following the financial crisis, two markets have emerged as relatively safe ...
Financial Times
For some, the ongoing economic crisis has been little more than an idle diversion, something of a soap opera. There are those who hit rare good fortune on the financial markets. Then there are others who were able to invest in art and property at the ...

Financial Times

Euro Zone: Juventus still unbeaten after 32 games
Liverpool Echo
by Neil Jones, Liverpool Echo Juventus are fighting it out with AC Milan to be sat back at the summit of Italian football. The Turin-based side are currently one point above Massimo Allegri's Milan in Serie A and, incredibly, are still unbeaten 32 ...

Euro Zone: Messi closing in on Muller's record
Liverpool Echo
by Neil Jones, Liverpool Echo LIONEL Messi, branded the greatest player of all time by many, is fast approaching another stunning record. Gerd Muller, the famous German poacher of the 1970s, holds the record for the most goals scored in one single ...

Stocks, euro sag as slow Chinese growth stokes investors' worries
gulfnews.com
A sharp re-emergence of fears over contagion from the Eurozone debt crisis took a steep toll on bank shares in both Europe and the US, as well as dragging down the euro against the dollar for the first time in three days. The yield on Spain's 10-year ...

European stocks tumble on slowdown
Sydney Morning Herald
European stocks tumbled on Friday as investors reacted to eurozone debt tension, unexpectedly weak Chinese economic growth and US consumer confidence with renewed fears of a slowdown. London's benchmark FTSE 100 index of top companies finished down ...

America vs. Europe
The Weekly Standard (blog)
We Americans worry that the eurozone crisis has returned, and will abort our fragile recovery, while Europeans worry that America's none-too-robust economy and its weak dollar will make it difficult for EU export industries.
The Weekly Standard (blog)

ECB should not fear rising labour costs in Germany
The National
In December, with Europe's financial system on the brink of disaster, the European Central Bank (ECB) stunned the markets with an unprecedented intervention, offering banks across the euro zone essentially unlimited liquidity against any and all ...

The National

IMF chief Christine Lagarde will struggle to bag more funds for a 'firewall'
Telegraph.co.uk
The pressure has been on the 17-member eurozone to build its own bazooka, but Lagarde has quietly been canvassing for an increase in the IMF's own resources. Behind her thinking has been the fact that the eurozone simply does not have the resources to ...

Telegraph.co.uk

When Economies Diverge
Morningstar.com
Then later in the week, data revealed that Eurozone Industrial Production had shrunk a sharp 1.8%, the largest decline since late 2009. The eurozone economy declined by 0.3% in the fourth quarter of 2011 and now appears poised to fall even faster in ...

Greek election 2012, after the financial crisis – The Greekz decision!
Real Daily News
Political support has splintered, and smaller parties have gained in response to the financial crisis which has wracked the country for almost two years. The political landscape is now deeply uncertain, and likely to be one of the most important ...

Real Daily News

Bernanke says Fed chose best of bad options for dealing with 2008 financial crisis
Newser
By MARTIN CRUTSINGER | AP | Apr 13, 2012 3:40 PM CDT in Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest US financial institutions during the 2008 crisis.

Euro Sticks To Range, But Losses Likely On Spain And Italy Troubles
TheStreet.com
The substantial differential is the largest since the depths of the Euro Zone crisis through late 2011 and a clear warning of what may be to come. Foreseeable Euro Zone economic event risk will be relatively limited in the week ahead, ...

How the World Gets Ahead
Wall Street Journal
The creation of the euro zone in the mid-1990s? The Asian financial crisis of 1997? The meltdown of the US financial sector in 2008-09 and its reverberations in the world's major economies? These events are indeed important and, for many at the time, ...

Wall Street Journal

Euro Loses Ground on Rivals
Wall Street Journal
Contagion risk and fears that Italy could be next is bothering market participants. Further adding to the concern, Klaas Knot, a member of the ECB's governing council, on Friday said the central bank has no reason to resume bond purchases in the ...

Jim Willie: World almost done preparing for new gold backed monetary system
Examiner.com
With global economies continuing to deteriorate in the Eurozone, Asia, and the US despite trillions of dollars in central bank infusions, preparations are almost done to replace the dollar with a new gold backed monetary reserve.

Spain regions stage backing for PM's austerity bid
Reuters
They also pledged to implement swiftly the extra savings of 10 billion euros ($13 billion) in health and education costs announced last week, as Spain was sucked back into the centre of the euro zone'sfinancial storm. The cost of insuring Spanish debt ...

Euroskeptical populist wave is cresting
Montreal Gazette
For her part, Le Pen said she wanted to "get France out of the prison of the eurozone in which its economy has been incarcerated for 10 years." In Greece, suffering the fourth year of a deep recession amid harsh austerity measures as part of a second ...

Portugal ratifies EU budget pact
Sky News Australia
The assembly also approved as expected the European Stability Mechanism, a firewall fund and the second new line of defence against debt contagion. The pact, which specifies greatly increased rules on control of public finances, was signed in Brussels ...

A No-Confidence Vote for France
Barron's
French President Nicolas Sarkozy seems destined to be the next electoral casualty of the euro-zone sovereign-debt crisis. Sarkozy is deeply unpopular at home, but his expected defeat in this year's presidential elections could be a setback for France.

FOREX: Ringgit Likely To Be Higher Against US Dollar Next Week
Bernama
KUALA LUMPUR, April 14 (Bernama) -- The ringgit is expected to be higher against the US dollar next week, on hopes that a resolution is in sight for the euro-zone debt crisis following encouraging sovereign debt sale by Italy, dealers said.

The Big Flaws in Dodd-Frank
Barron's
By GENE EPSTEIN | MORE ARTICLES BY AUTHOR A financial historian warns that it's done nothing to prevent the government subsidy of mortgage risk that fueled the financial crisis. Charles Calomiris is nothing if not intense -- and tireless.

Drive for New IMF Funds Caught in Global Power Shift
CNBC.com
Tensions among some of the world's leading economies have boiled up over a plan to raise new resources for the International Monetary Fund to contain the euro zone debt crisis, and a quest by emerging economies to win more say in the global lender.

Is This the Book that Inspired Jamie Dimon's Warnings About Regulation?
CNBC.com
In their book “Engineering the Financial Crisis: Systemic Risk and the Failure of Regulation ,” Friedman and Kraus argue that regulation—especially regulation of bank capital under Basel II and similar rules in the US—led to a homogenization of ...

Soros says European Union unlikely to survive
Press TV
US billionaire George Soros has warned in his new article that the global financial crisis is not over and the sustained global growth remains fragile. “Far from abating, theeuro crisis has recently taken a turn for the worse,” he wrote in the article ...

Press TV

The crisis in the euro zone is a major setback for world trade | Ashi ...
By Ashiinvestments
Turmoil in the euro area will act as the main obstacle to international trade in 2012, warned the World Trade Organization.
Ashi Investments - Daily Analysis,...

Bernanke defends Fed response to financial crisis
By Associated Press
Bernanke defended the central bank's actions to support insurance giant American International Group and help with the sale of investment bank Bear Stearns, during a speech to a New York conference examining the crisis. While there were ...
Maryland Daily Record

Stocks End Sharply Lower on China Growth Worries, Euro Zone ...
By edliston
Stocks ended sharply lower on Friday as concerns about China's growth and the euro zone debt crisis weighed down investors' sentiment. The sell-off.
Stock Market News

Soros on the end of the eurozone – The Story
By Gavin Sheridan
The Euro has really broken down. It has sprung defects, some of which could have been anticipated and some were anticipated. But some actually couldn't. Effectively, heavily indebted countries [in Europe] have ended up in the position of a ...
The Story

TREASURY: Here's Why The Bailouts During The Financial Crisis ...
By Joe Weisenthal and Julia La Roche
The U.S. Treasury Department has just released this presentation called "The Financial CrisisResponse: In Charts." It's designed to show how successful the bailouts have been for the economy, and how well the taxpayer report ended up ...
Business Insider

Podcast of the April 14, 2012 – Word of the Day – “Scammers ...
By Ken Gross
You are here: Home » FCTC News » Podcast of the April 14, 2012 – Word of the Day – “Scammers” – Update on Housing and Principal Reduction on Mortgages, the Economy & Tax Masters, JK Harris and Ronnie Deutch – Why are there so ...
Financial Crisis Talk Center...

The stability obsession | Red Pepper
By admin
As the EU faces up to a daunting 2012, the news that unemployment fell to a 20-year low in Germany in December highlighted just how different its experience of the crisis has been to most other eurozone nations. Germany's continued ...
Red Pepper

NewsDaily: Euro zone unemployment reaches near 15-year high
Unemployment in the euro zone reached its highest level in almost 15 years in February, with more than 17 million people out of work, and economists said they ...
www.newsdaily.com/.../bre8310cq-us-eurozone-unemployme...

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