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

Friday, August 10, 2012

Hard landing for China as factory prices fall and deflation looms

Hard landing for China as factory prices fall and deflation looms - Telegraph: "Factory gate prices in China fell at an accelerating rate of 2.9pc in July as the economy flirted with industrial recession, prompting calls for further stimulus to head off Japanese-style deflation." 

Economists Slash Outlook for Beaten Euro Zone Nations
CNBC.com
Among the struggling euro zone peripheral economies, only Ireland looks on course for a return to modest growth any time soon. While the survey pointed to a reduced likelihood depression-mired Greece will exit the euro zone soon, it also underlined why ...

Five years of financial crisis through the eyes of Ambrose Evans-Pritchard - Telegraph: "Ambrose Evans-Pritchard, the Telegraph's international business editor, has followed the global financial crisis from the credit crunch to the eurozone debt crisis. Here is a selection of news and views from his stories, blogs and columns over the past five years." 

ECB forecasters cut 2012 euro-zone growth outlook
MarketWatch
The forecasters now expect the euro-zone's economy to shrink 0.3% in 2012, steeper than the 0.2% fall predicted in May, and to grow by just by 0.6% in 2013, way down from a May forecast of 1.0% growth. ... The downward revisions to Thursday's growth ...

Commerzbank flags fears of euro zone collapse
Reuters
"The greatest downside risk remains an uncertainty shock from an escalation of the sovereign debt crisis - i.e. the collapse of the monetary union," Commerzbank said in its quarterly report, adding it thought that risk was higher now than in autumn ...

Euro crisis pauses while Germans go on vacation
MarketWatch
Euro crisis pauses while Germans go on vacation. Commentary: ECB 'plan' ... Euro bears appear to be heading north again towards Scandinavia as the euro-zone debt crisis grinds on and they are forced to look for new places to go. Dow Jones's Katie ...

JPMorgan Trading-Loss Days Most Since Depth of Financial Crisis
San Francisco Chronicle
9 (Bloomberg) -- JPMorgan Chase & Co. posted more unprofitable trading days than any quarter since the depth of the financial crisis as the largest U.S. bank struggled to unwind credit-derivatives bets. Traders lost money on 28 days in the second ...

Portugal Shows How Euro Crisis Is Shuffling the Tech Order
Businessweek
Portugal Shows How Euro Crisis Is Shuffling the Tech Order. Photograph by Cristian Baitg/Getty Images ... Partly because of Europe's financial crisis, some of the “old” countries are now becoming the jumping-off point for services in developing ...

Italy's Monti Takes Off the Gloves in Euro Zone Fight
CNBC.com
... 3:49 AM ET. Text Size. By: Reuters. Italian Prime Minister Mario Monti has taken the gloves off in his fight to save Italy from disaster in the euro zone debt crisis, daring to stand up to European paymaster Germany in a way unthinkable a few ...

Europe's financial crisis breeds stereotypes, threatens EU unity
Cherokee Tribune
Striking bank workers chant anti-government slogans during a protest in Athens on Friday. Employees at Greece's ATEBank and Postbank are on strike and took part in Friday's protest against government privatization plans in the crisis-hit country.

Japan machinery orders rise, but euro zone clouds outlook
Reuters
Analysts expect capital spending to rise up in the coming months on the back of reconstruction spending worth 3.6 percent of Japan's gross domestic product, but uncertainty over Europe's debt crisis and the performance of the Chinese and U.S. economies ...

Default insurance costs for core euro zone states fall in July
Economic Times
LONDON: The cost of insuring against a default by the euro zone's core countries fell sharply in July, data monitor Markit said, as the prospect of ECB intervention eased fears the region's rescue funds might not be big enough to help Spain and Italy ...

Financial Crisis at 5 Years: Asset Class Performance | The Big Picture
By Barry Ritholtz
Awesome and informative graphic from Deutsche Bank via Alphaville: click for larger graphic Source: Reflections on the.
The Big Picture

Study: Globalization magnifies economic risk contagion – Trade ...
By Michael Stumo
Study: Globalization magnifies economic risk contagion. Posted on 08 August 2012 by Michael Stumo. Share. Globalization of finance, economics and trade is sold by some as more stable. Interconnectedness is good, they say. However ...
Trade Reform

Financial crisis, five years on: the poorest pay the price | Joseph ...
By Julia Unwin
Financial crisis, five years on: the poorest pay the price. The great price of this financial crisis has been paid by the poorest, who did least to contribute to it. It's exactly five years ago since “the day the world changed”. Most of us can remember ...
JRF blog

Chautauqua Notes | Ethical Challenges of Finally Fixing the ...
Ethical Challenges of Finally Fixing the Financial Crisis: Fair Deals vs. New Deals Below is an outline for my presentation at the Chautauqua Institution, Chautauqua, New York, earlier this week. Special thanks to Walker Todd of AIER for the ...
eWallstreeter

Monti warns euro crisis threatens EU as a whole - Yahoo! News
The debt crisis started in Greece more than two years ago, and soon engulfed Ireland and Portugal, with all ... Analysis: Monti takes off gloves in euro zone fight ...
news.yahoo.com/monti-warns-euro-crisis-threatens-eu-whole-...

Debt crisis: S&P downgrades 15 Italian banks Alex Jones' Infowars ...
London Telegraph August 4, 2012. “With Italy facing a potentially deeper and more prolonged ...
www.infowars.com/debt-crisis-sp-downgrades-15-italian-banks/

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