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

Tuesday, August 28, 2012

German business confidence falls for the fourth month in a row

Debt crisis: German business confidence falls for the fourth month in a row - Telegraph: "German business confidence it at is lowest level for more than two years according to figures that underscore the drag of the debt crisis on Europe’s powerhouse economy."

Despite the crisis, Britons are still spending like drunkards - Telegraph: "Unchecked addiction to personal and national debt is robbing our children of their future" 

Unilever sees 'return to poverty' in Europe - Telegraph: "Unilever will adopt marketing strategies used in developing countries in order to drive future growth in Europe, as the head of its European business warned that poverty will rise in the region as a result of the debt crisis."

FOREX-Euro climbs but euro zone events may cap gains
Reuters
However, it eked out gains on expectations of further monetary easing by the Fed and action by the European Central Bank to combat the euro zone debt crisis. "The Ifo numbers do not change the outlook for the euro," said Kasper Kirkegaard, FX ...

Morning Briefing: Euro-Zone Talks to Set Tone for Markets
Wall Street Journal (blog)
Austrian-based Erste Group Bank AG, which has exposure both in the currency zone as well as further afield to the European Union's east, fell sharply on Friday after Ms. Merkel ambiguously said she wants Greece to stay in the euro zone but stopped ...

Wall Street Journal (blog)

New Euro Bailout Fund Could Fall Short
CNBC.com
The European Stability Mechanism (ESM) is one of the key pillars of euro zoneleaders' attempts to deal with the debt crisis which threatens to spread its tentacles ever further. It's expected to come into force later this year, as a replacement for ...

CNBC.com

German FM: Euro Crisis Will Define Image of Europe
ABC News
Europe's handling of the financial crisis will determine the way other regions of the world and its own citizens view the continent, affecting foreign investment and prospects for closer political union, Germany's foreign minister said Monday. Speaking ...

Lithuanian Deposits Reach Record as Debt Crisis Forces Savings
Businessweek
Lithuanians are holding on their money and businesses are postponing investment plans as the debt crisis clouds the economic outlook. Bank profitability is being eroded by low demand for credit, Stasys Kropas, head of the banking association, said in ...

FOREX-Euro subdued, capped by euro zone risks
Reuters
LONDON, Aug 27 (Reuters) - The euro eased on Monday, taking a breather after last week's rally, with investors wary before the release of an influential survey on German business sentiment and a slew euro zone events in coming weeks. While the ...

European Stock Futures Drop; ThyssenKrupp May Move
Bloomberg
European Stocks Climb Amid Debt-Crisis Talks. By Sarah Jones - 2012-08-27T16:07:12Z. European stocks rose as Germany's Finance Minister Wolfgang Schaeuble said the continent's two largest economies will create a working group to strengthen the ...

FOREX-Euro steady, seen capped by euro zone risks
Reuters
SINGAPORE, Aug 27 (Reuters) - The euro held steady against the dollar on Monday, taking a breather after last week's rally, with its upside seen capped ahead of major euro zone events coming up over the next few weeks. While the euro could find support ...

Repeal of Glass-Steagall Caused the Financial Crisis
U.S. News & World Report (blog)
The oldest propaganda technique is to repeat a lie emphatically and often until it is taken for the truth. Something like this is going on now with regard to banks and thefinancial crisis. The big bank boosters and analysts who should know better are ...

U.S. News & World Report (blog)

XE.com - German, French finmins to coordinate euro zone proposals
The finance ministries of Germany and France will launch a working group with a view to making joint proposals on euro zone issues like fiscal and banking union, German Finance Minister Wolfgang Schaeuble said on Monday.
XE Forex News

The Chinese Are Buying Up Spain's Tapas Bars As The Euro Crisis
By Lino Solis de Ovando El Mar
MADRID - Lulu, a Chinese woman who years ago had a small bodega in Madrid, the kind that is open late and on weekends when everyone else is resting, is now the owner of a tapas bar. She started by selling beer for one euro in the street, ...
Business Insider

Dollar steady to lower as markets focus on euro zone By Forexpros
By Forexpros
Forexpros - The U.S. dollar was steady to lower against its major counterparts on Monday, as investors remained focused on developments in the euro zone, amid ongoing fears over the worsening of the region's financial crisis.
Forex Pros RSS News Feed | Forex News

Are we in the Next Phase of the Euro Crisis? - Common Sense ...
By CSF -
The one-two punch is the latest in a series of efforts by corporations, central banks and individuals to move money out of crisis-stricken euro-zone countries as the debt crisis envelops an ever-larger part of the continent. Such currency moves are bets on the future of national economies. The recent ...Capital flight has been at the root of the European financial crisis since it began more than two years ago. In the beginning, the issue was mostly a reshuffling of money within the euro ...
Common Sense Forecaster

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