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

Friday, October 5, 2012

Fed minutes: QE3 could lead to excessive risk taking

QE3 could lead to excessive risk taking, Fed minutes show - Telegraph: "America could become addicted to loose monetary policy, with an extended period of QE3 leading to excessive risk-taking by some investors, policymakers at the Federal Reserve have warned."

Mario Draghi: ECB bond-buying bazooka 'ready' - Telegraph: "The European Central Bank stands ready to launch its bond buying "bazooka" to help ease borrowing costs in crisis-hit countries, president Mario Draghi said on Thursday."

Spain fears harsh rescue terms from AAA Nordic parliaments - Telegraph: "Senior officials from Germany and other parts of the eurozone's AAA core have warned Spain privately that angry parliaments are likely to impose stringent conditions on any further rescue loans."

FOREX-Euro hits 2-week highs as ECB says ready to buy bonds
Reuters
Details about the ECB's bond buying scheme are not yet known but it represents a key ingredient in the bank's overall strategy to counter the euro zone's debt crisis. ECB President Mario Draghi gave assurance that the ECB has a "fully effective ...

Debt crisis: as it happened, October 4 2012 - Telegraph: "Mario Draghi, European Central Bank president, has said the bank is ready to start buying government bonds as soon as necessary conditions are fulfilled by countries needing help."

German finance minister says euro crisis states doing well except Greece
Reuters
BERLIN | Thu Oct 4, 2012 11:02am EDT. BERLIN (Reuters) - With the exception of Greece, all countries in the euro zone hit by the debt crisis have made good headway on economic reforms, German Finance Minister Wolfgang Schaeuble said on Thursday.

Europe's Reforms Are Working
Wall Street Journal
There is a broad array of academic opinions on how to solve the euro zone's debt crisis but little dissent about what caused it: namely, 10 years of eroding competitiveness and deteriorating public finances in several member states. ...competitiveness ...

Wall Street Journal

Exclusive: Euro zone considering bond insurance for Spain - sources
Reuters
MADRID/PARIS (Reuters) - The euro zone is considering aiding Spain by providing insurance for investors who buy government bonds in a move designed to maintain Spanish access to capital markets and minimize the cost to European taxpayers, ... aired the ...

CANADA FX DEBT-C$ hits 3-day high; helped by ECB, Bank of Canada
Reuters
C$ strengthens to C$0.9805, or $1.0198 * ECB says primed to buy bonds, seen helping crisis * Bank of Canada repeats hawkish tone on interest rates By Alastair Sharp TORONTO, Oct 4 (Reuters) - The Canadian dollar hit its strongest level in several days ...

EMERGING MARKETS-Latam stocks gain on Draghi remarks, US data
Reuters
Draghi says ECB ready to support euro zone members * U.S. claims for unemployment benefits fall * Mexico IPC 0.9 pct higher, Brazil Bovespa gains 0.5 pct By Danielle Assalve SAO PAULO, Oct 4 (Reuters) - Latin American stocks gained on Thursday on bets ...

Talk of a Euro Break Up Dangerous: Slovenian President
CNBC.com
The euro zone is now in the third year of its debt crisis that has brought the very survival of the currency bloc into question. A number of analysts have questioned the viability of the bloc in its current form. Citi economists said earlier this year ...

CNBC.com

Euro-Zone Rescue? Or a Permanent Drip
Wall Street Journal (blog)
And the ECB's bond-buying support will merely end up supplanting the market, rather than encouraging private investors into the assets. As long as euro-zone politicians deem euro-zonegovernments too big to fail, in other words that it is unacceptable ...

Forex Flash: IMF reserve data masks emerging EUR doubts – BTMU
NASDAQ
He writes, "The euro remains stable just below the 1.3000 level versus the dollar as the financialmarkets determine what the next phase in the euro-zone debt crisis will be." Whether it is Spain, formally requesting aid with unified support from ...

Candidates Ignored Some Big Economic Issues in Debate
Wall Street Journal (blog)
If you listen to last night's debate, the U.S. economic challenges don't include housing or the spillover impacts from the euro zone's debt crisis. Scant attention was paid to the fiscal cliff. Agence France-Presse/Getty Images: Big Bird was name ...

Wall Street Journal (blog)

FACTBOX-Euro zone debt crisis: upcoming events - Yahoo! News ...
'FACTBOX-Euro zone debt crisis: upcoming events' on Yahoo! News Maktoob. Oct 4 (Reuters) - Following are forthcoming events relatedto the debt crisis in the ...
en-maktoob.news.yahoo.com/factbox-euro-zone-debt-crisis-u...

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