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

Wednesday, October 3, 2012

PIMCO: America could 'resemble Greece' before 2020

PIMCO: America could 'resemble Greece' before 2020 - Telegraph: "America could begin to resemble Greece before the turn of the decade if it does not cut spending and raise taxes to tackle its debt, according to Bill Gross, the head of the world's largest bond fund."

PIMCO | Investment Outlook - Damages: "Unless we begin to close this gap, then the inevitable result will be that our debt/GDP ratio will continue to rise, the Fed would print money to pay for the deficiency, inflation would follow and the dollar would inevitably decline. Bonds would be burned to a crisp and stocks would certainly be singed; only gold and real assets would thrive within the “Ring of Fire.”"

Debt crisis: as it happened, October 2, 2012 - Telegraph: "The number of unemployed Spaniards rose to 4.7 million last month, as prime minister Mariano Rajoy denies that the country will ask for a bail-out in the coming days."

Analysis: Uneasy role for IMF in euro zone crisis
Reuters
WASHINGTON (Reuters) - The euro zone debt crisis is pushing the International Monetary Fund into new, and at times, uncomfortable territory. The global lender is preparing to monitor some of Europe's largest economies possibly without its biggest ...

Spain 'ready to ask for bailout but Germany says to wait' - Telegraph: "Spain is ready to request a eurozone bailout for its public finances as early as next weekend but Germany has signalled that it should hold off, European officials said."

GLOBAL MARKETS-Shares, euro climb on Spain bailout hope
Reuters
... gains * Aussie dollar slips as RBA cuts rates By Wanfeng Zhou NEW YORK, Oct 2 (Reuters) - Global shares edged higher on Tuesday while the euro advanced on expectations Spain will soon request a bailout seen as necessary to resolve the euro zone ...

Euro crisis could turn on these key October dates
MarketWatch
FRANKFURT (MarketWatch) — If you thought September was eventful, October offers plenty more opportunities for European officials to either soothe or aggravate the euro zone's long-running debt crisis. EUrope in CRisis | Topics: Europe • Euro crisis ...

Goldman says gasoline price spikes tied to euro crisis; Morgan Stanley sees ...
MarketWatch (blog)
Analysts at Goldman Sachs Tuesday connected the dots between the recent price spike in gasoline futures and the euro zone's debt crisis. The U.S. East Coast relies heavily on imports from European refineries, which have faced sharp increases in ...

Euro star Slovenia becomes another trouble spot
Reuters
The southern Alpine country is now in recession, shut out of the bond market and is trying to avoid following much larger euro zone members in asking for an international bailout to stop it going bankrupt next year. The global financial and regional ...

Global Factory Slump Spreads Amid Debt Crisis: Economy
San Francisco Chronicle
For more on Europe's debt crisis, see TOP CRIS.) Oct. 1 (Bloomberg) -- Manufacturing from Europe to China contracted in September as the euro region's fiscal crisis eroded investor confidence and clouded global growth prospects. A gauge of ...

Global shares, euro climb on Spain bailout hope
Reuters
NEW YORK (Reuters) - Global shares edged higher on Tuesday while the euro advanced on expectations Spain will soon request a bailout seen as necessary to resolve the euro zone debt crisis, but uncertainty about the timing of the aid limited gains ...

Weber Says Euro Crisis to Persist as ECB Fails to Bring Calm
Businessweek
UBS AG (UBSN) Chairman and former European Central Bank Governing Council member Axel Weber said the euro region's festering debt crisis will “continue to linger” as the ECB fails to ease market disquiet and volatility. “While many expect that the ECB ...

Polish Central Bank Expected to Cut Rates
Wall Street Journal (blog)
By Patryk Wasilewski. WARSAW–Poland's central bank is expected to cut interest rates at its meeting Wednesday, easing monetary policy for the first time since 2009 in an effort to support the economy no longer immune to the euro zone's debt crisis. The ...

Euro zone debt crisis pushing IMF into new, uncomfortable territory ...
WASHINGTON: The euro zone debt crisis is pushing the International Monetary Fund into new, and at times, uncomfortable territory. The global lender is ...
economictimes.indiatimes.com/news/.../16645349.cms

Euro Zone Debt Crisis |
This year's multi-part discussion looks beyond debt and deleveraging (see 2011 ′s “The Age of Deleveraging”: Our Observations and Outlook), to assess the ...
www.cravensbrothers.com/archives/tag/euro-zone-debt-crisis

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