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

Monday, September 24, 2012

Investor Worries: Fiscal Cliff, Fed Policy



Sept. 21 (Bloomberg) -- Bloomberg LP Senior Economist Joe Brusuelas and Deutsche Bank's Carl Riccadonna speak with Bloomberg's Matt Miller about the concerns that keep them up at night as investors. They speak on Bloomberg Television's "Bloomberg Rewind." (Source: Bloomberg)

Asian shares fall as focus shifts to growth concerns
Reuters
Spain has displaced Greece from the center of the euro zone debt crisis, as markets worry it may eventually need external aid to help resolve its problems. But Spain insisted on Saturday it will not rush to seek a sovereign bailout, even as the country ...

Back Ben Bernanke's QE3 with a clothes peg on your nose - Telegraph: "Monetarists from across the world can mostly agree on one thing. The US Federal Reserve caused the Great Recession."

Francois Hollande's 2013 budget is unlikely to secure France a place on eurozone's A-team sheet - Telegraph: "Expect some late nights for Francois Hollande, as the French president prepares to present his 2013 budget on Wednesday."

Paul Volcker: ring-fencing banks is not enough - Telegraph: "Ring fencing Britain's banks will not protect taxpayers in the event of another financial crisis, according to Paul Volcker, the former chairman of the Federal Reserve and the architect of the "Volcker Rule"."

Coeure: Inflation decisive in next ECB rate move
MarketWatch
Despite lower growth figures and forecasts for the euro zone, a rate cut isn't certain after recent policy decisions boosted public confidence in a resolution to the region's debt crisis, said ECB'sexecutive board member Benoit Coeure. "The jury is ...

Euro sulks after negative week, Spain still eyed
Reuters
"As the euro area faces a deepening recession, ECB President Mario Draghi may come under increased pressure to expand policy further." Traders said the market was still waiting to see if Spain, the new epicentre of the debt crisis after Greece, Ireland ...

Debt crisis: Spain 'will need extra bail-out' - Telegraph: "Spanish banks may need a cash injection of more than €100bn (£80bn), the results of an official stress test are expected to show this week, placing more financial pressure on to an already explosive political crisis in Madrid."

Italian Bank Shares May See Fewer Thrills Ahead
Wall Street Journal
Italian banking stocks have taken investors on a roller-coaster ride during theeuro-zone sovereign-debt crisis, thrilling trading desks while leaving long-term market participants dizzy and dismayed. But the wild ride may be over for now, some ...

Wall Street Journal

Euro Bulls Are Focused on Spain
Wall Street Journal
The euro's rally will face an important test this week, as markets look for indications that Spain will request a bailout that would ease the debt crisis in Europe's fourth-largest economy. Expectations that the euro's rally will continue received a ...

Stocks, commodities watch Europe's debt crisis, ongoing mortgage mess
Futures Magazine
The United States cannot abdicate it's primary responsibility for the current global economic problems since it was the marketing of securitized debt that is believed to be the origin of today's global crisis. When Glass Stiegel ... That paper flooded ...

Futures Magazine

Euro rescue fund to be boosted to €2trn: report
The Australian Financial Review
It should be modelled on the European Financial Stability Facility set up in the northern spring of 2010 in response to the Greek sovereign debt crisis, said the report, which cited no sources. However, the proposal has run into opposition from Finland ...

Storm Clouds Darken Over Global Economy
Hamsayeh.Net
Central banks' recent aggressive policy actions will not be enough to spur economic growth in the remainder of 2012 and in 2013, economists say, with the euro zone debt crisis expected to rumble on, growth in Asia seen slowing further, and a recovery...

Hamsayeh.Net

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