Category: Global Debt Crisis
The analysis published under this category are as follows.
Saturday, November 19, 2011
Why We Should Help Debt Crisis Europe! / Stock-Markets / Global Debt Crisis
By: Sy_Harding
A major component of the big new eurozone rescue plan is to substantially increase the European EFSF contingency bailout fund, from 440 billion euros to 1 trillion euros ($1.4 trillion). The fund would then be a substantial firewall, with the ability to lend money to Italy, Greece and other countries at low interest rates, helping them cover their debts until the austerity measures being imposed bring their debt loads under control.Read full article... Read full article...
Friday, November 18, 2011
The Mother of All Dreads, Global Economy on the Brink / Interest-Rates / Global Debt Crisis
By: Submissions
Ramy Saadeh writes: The World is on the brink of a cataclysmic spiral that could make the Greek crisis look like a walk in the park. Interestingly, markets still seem very hushed about the emerging risks ahead; the final bell hasn’t rung yet, can this be it?
Friday, November 18, 2011
Rising Government Bond Yields Push Eurozone Debt Crisis to the Precipice of Collapse / Interest-Rates / Global Debt Crisis
By: Money_Morning
David Zeiler writes:
Rising government bond rates are making it increasingly costly for several key Eurozone nations to borrow money, stoking fears that the sovereign debt crisis has reached a critical stage.
Yields on 10-year Spanish Treasury bonds rose to 6.8% during yesterday's (Thursday's) auction - uncomfortably close to the 7% level at which many experts feel is unsustainable. When the 10-year bond yields of Portugal, Ireland, and Greece passed 7%, each was forced to seek a bailout.
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Thursday, November 17, 2011
Spain Debt Crisis Bailout Imminent as Spanish Bond Auction Hits 6.975% Yield on 10-Year Debt / Interest-Rates / Global Debt Crisis
By: Mike_Shedlock
The ECB stepped into the fray once again today but the the results of the Spanish debt auction today speak for themselves. The rate on 10-year bonds is close to touching the 7% mark.
Thursday, November 17, 2011
Credit Storm Batters Europe / Interest-Rates / Global Debt Crisis
By: Mike_Whitney
So, how bad will the EU credit crunch get?
Credit conditions in the eurozone continue to deteriorate while yields on French, Spanish, Belgian and Italian bonds move higher. Italy’s 10-year yield increased 19 basis points to 6.89 percent on Tuesday, just a stone’s throw from the “unsustainable” 7 percent. French debt is also under increasing pressure. The spread between France’s 10-year debt and German bund hit a new high on Tuesday, widening by 174 basis points. If yields continue to rise, European Central Bank (ECB) chief Mario Draghi will be forced to either expand his bond buying program (Securities Markets Programme) or watch while defaulting sovereigns domino through the south taking most of the EU banking system along with them.
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Thursday, November 17, 2011
What Will Happen to Greece et al (if they leave the Eurozone)? / Politics / Global Debt Crisis
By: Julian_DW_Phillips
Forest Fire on the Way
As each week passes, the debt crises in the Eurozone become more and more like a dry forest where small fires that have broken out appear to be contained before the next larger fire is kindled. "Solutions" are put forward, only to prove inadequate. New prime ministers of Greece and Italy are hailed as capable of imposing needed disciplines to stave of a full blown forest fire. But even these (future scapegoats?) men realize they can contribute only a small amount to the problems.
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Thursday, November 17, 2011
European Bond Traders Are Going For the Sovereign Debt Jugular / Interest-Rates / Global Debt Crisis
By: Money_Morning
Keith Fitz-Gerald writes:
If you look at the crisis in Europe, the key questions to ask are clear: Will this crisis continue to spread? And will the United States get singed by the fallout?
In both cases, the answer is a very clear "Yes."
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Wednesday, November 16, 2011
ECB Slows Italy Debt Crisis Meltdown, but No End in Sight / Interest-Rates / Global Debt Crisis
By: Dr_Jeff_Lewis
The European Central Bank admitted earlier today that it had taken part in asset purchases intended to give lift to the Italian debt markets. Through the week ending November 4, the ECB says it spent $13.1 billion to push down Italian yields against other European governments.
Tuesday, November 15, 2011
Euro-Zone Prepares to Print Trillions in Advance of Greece Debt Default / News_Letter / Global Debt Crisis
By: NewsLetter
The Market Oracle NewsletterSeptember 27th, 2011 Issue #18 Vol. 5
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Monday, November 14, 2011
The Coming Global Systemic Collapse and its Implications​ / Interest-Rates / Global Debt Crisis
By: Sam_Chee_Kong
The European Union’s failure to solved Greeks and now Italy’s debt crisis is sending shockwaves through the financial, currencies, equities and derivatives markets.
Europe needs to increase its bailout fund in the EFSF to more than €1 trillion by next year when waves of Eurozone debts matures. Among them are Italy €307 billion (19.3% of GDP, Germany €273 billion (10.6% of GDP), France €240 billion (12% of GDP) and Spain €132 billion (12.2% of GDP). This is excluding new debts to be issued to fund its deficits spending and bank bailouts. Europe is now in between a rock and a hard place because it can start printing money but the ECB treaty prevented it from doing so.
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Monday, November 14, 2011
How Do we Solve the Eurozone Crisis, Where Is the ECB Printing Press? / Interest-Rates / Global Debt Crisis
By: John_Mauldin
Europe remains the focus of markets, and rightly so. But the picture is not as clear as one would like. Different analysts point to different problems – if only this one problem could be solved, then all this would go away, they tend to say. Sadly, it is not one problem but three that must be solved, and none of them is easy. In today’s letter I try and offer a basic primer on the problems facing Europe. My challenge to myself is to do it in a short piece rather than the book-length tome it could easily become. Thus, in the pursuit of brevity, we will not be as in-depth as usual, but I think it helps us to step back a few feet and look at the larger picture before we focus on minutiae.
Sunday, November 13, 2011
Europe’s Debt Crisis Spirals out of Control Towards Economic Collapse / Politics / Global Debt Crisis
By: Bob_Chapman
As Chancellor Merkel and PM Sarkozy search for a solution that doesn’t exist they continue to lose credibility. Nothing of substance has been agreed upon that is legal and can be implemented. At the IMF Christina LeGarde is frantically waving her arms like a cheerleader telling anyone that will listen that if the six sovereigns in financial trouble are not aided the euro will fail and peace in Europe will disappear.
Friday, November 11, 2011
Five Companies to Avoid Until the Eurozone Debt Crisis is Over / Companies / Global Debt Crisis
By: Money_Morning
David Zeiler writes:
U.S. companies with significant exposure to Europe will take a profit hit regardless of how the Eurozone debt crisis shakes out.
The financial strain of Europe's efforts to avert default among its troubled members - Portugal, Italy, Ireland, Greece and Spain (PIIGS) - has set the Eurozone on course for a recession even if its efforts succeed.
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Friday, November 11, 2011
How JPMorgan Aided and Abetted the Largest Municipal Bankruptcy in U.S. History / Companies / Global Debt Crisis
By: Money_Morning
Shah Gilani writes:
Alabama's Jefferson County filed for bankruptcy protection on Wednesday, making it the largest municipal bankruptcy in U.S. history.
But believe it or not, that's not the biggest story here.
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Thursday, November 10, 2011
Italy the One Country That Could Destroy the Eurozone / Interest-Rates / Global Debt Crisis
By: Money_Morning
Martin Hutchinson writes:
It's been a rough few weeks for the Eurozone.
Portugal is still in trouble, Spain will be back on the coals after its Nov. 20 election, and if I were a bond trader, I would be shorting Belgium, which has serious deficit and debt problems, runs for months at a time without a government and is in some danger of splitting apart into its French and Flemish bits.
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