Category: Global Debt Crisis
The analysis published under this category are as follows.
Wednesday, November 09, 2011
Too-Big-To-Save Italy Totters on Debt Crisis Cliff / Interest-Rates / Global Debt Crisis
By: Money_Morning
David Zeiler writes:
With its 10-year bond yields nearing 7%, Italy's debt is becoming a burden it will no longer be able to handle as it follows the same path as Portugal, Ireland and Greece.
However, Italy's economy - seven times larger than Greece's, nine times larger than Portugal's and 10 times larger than Ireland's - is too big for the Eurozone to rescue.
Read full article... Read full article...
Wednesday, November 09, 2011
Italy Enters Debt Crisis High Bond Yield Danger Zone? / Interest-Rates / Global Debt Crisis
By: DK_Matai
1. Equity markets euphoria notwithstanding, Italy could yet drag the Eurozone and world financial markets into a new and formidable out-of-control crisis;
2. Even if Berlusconi goes, it is unlikely that any parliamentary consensus will emerge in the short term to cut Italy's massive debt and boost growth;
Read full article... Read full article...
Wednesday, November 09, 2011
Greek Half Debt Default Leaves Trillion Dollar Market in Limbo / Interest-Rates / Global Debt Crisis
By: Dr_Jeff_Lewis
The European Debt Crisis seems to have found resolution. Those holding Greek securities will have to tolerate a one-half reduction in the value of their securities, essentially allowing Greece to halve its current debt overnight. Questions linger about Greece’s ability to pay, and some are suggesting that the change might not produce immediate benefits; a write down will just encourage investors to demand greater returns when new securities come on the market.
Read full article... Read full article...
Tuesday, November 08, 2011
The Banks That Swallowed Europe, Western Civilization Built on Debt / Interest-Rates / Global Debt Crisis
By: John_Mauldin
Long-time readers will be familiar with Michael Lewitt, one of my favorite thinkers and analysts. He has gone off on his own to write his letter, and I am encouraging him to write even more. I call Michael a thinker because he really does. He reads a lot of thought-provoking tomes and then thinks about them. And then writes, making his readers think. The world needs more Michael Lewitts.
Today, he roams the world, commenting as he goes, starting of course with Europe. I have permission to use the first half of this most recent letter as today’s Outside the Box, leaving off the investment recommendations that he shares with his subscribers. If you are interested you can subscribe at www.thecreditstrategist.com.
Read full article... Read full article...
Monday, November 07, 2011
Intermarket Bond Analysis, Why E.U. is Now a Full Blown Crisis / Interest-Rates / Global Debt Crisis
By: Capital3X
Keying in on our earlier analysis on “Return of fear in Nov”
We look at key bond market spreads to understand ground trends on the Euro and risk rally which we have already termed it as a major fake.
Read full article... Read full article...
Monday, November 07, 2011
A True Greek Tragedy - Odyssey of the EU / Politics / Global Debt Crisis
By: BATR
The cradle of democracy is under attack. The Inherent Autonomy of the human spirit is at stake. What was won at the Battle of Thermopylae, was lost in the banksters board rooms that control the EU. The fluidity of this definitive game of chicken, poses the beheading of the rooster and the scorching of all the hens. This journey into Land of the Lotus Eaters, not only needs to blind Polyphemus, but must destroy his New World Order father, Poseidon. The designed destruction of democratic authority is meant to eliminate any referendum on the EU despotism. The phony debt instruments caused the Greek default, that will soon spread the planetary misery, on the rest of us. Western civilization’s birth, owes homage to the Greek principle of individual autonomy. Its demise is a product of the inherent betrayal of humanity by the forces of financial exploitation, that exemplifies 1 Timothy 6:10, For the love of money is a root of all kinds of evils.
Monday, November 07, 2011
Sovereign Debt Crisis Canaries In The Mineshaft: Should Markets Be Apprehensive? / Interest-Rates / Global Debt Crisis
By: DK_Matai
1. The G20 summit in Cannes has not been able to deliver any meaningful solution to the Eurozone crisis. As the Breton prayer goes, "O Lord, thy sea is so great and my boat is so small!" The summit has confirmed that China, India and other emerging countries will neither be able and nor will they be willing to rescue the richer Eurozone nations. Also, the US is in no mood to roll out a second Marshall Plan on this occasion. The world has moved on since 1948. As one distinguished G20 summit attendee from the US told ATCA 5000, "if the Europeans are not going to take their fire engine out to put out their fires why should we lend them our fire engine? What happens if we have a mini-fire of our own in the meantime?" The much vaunted IMF solution also appears to have fizzled out, at least for the time being;
Read full article... Read full article...
Monday, November 07, 2011
Democracy Isn't Dead Yet, Just the Euro as Greece Debt Crisis Epicentre Shifting to Italy / Politics / Global Debt Crisis
By: Ashvin_Pandurangi
"Canned laughter" is frequently used on TV shows to create the illusion of soothing, comedic value in the minds of the show’s viewers. Anyone who has watched a show with "canned laughter" is familiar with the logic. One of the characters says something or another that isn’t very interesting or funny, the laugh-track comes on and then we find ourselves forcing a smile or snicker as an almost "unconscious" reaction. Almost, but not quite, because many times we are still forced to face our participation in this contrived reality after the fact.Read full article... Read full article...
Sunday, November 06, 2011
Solutions to the Global Economic Crisis: Keynesian Myths, Hopes and Illusions / Economics / Global Debt Crisis
By: Global_Research
Ismael Hossein-zadeh writes: The Keynesian view that the government can fine tune the economy through “appropriate” fiscal and monetary policies to maintain continuous growth at or near full employment is based on the idea that capitalism can be controlled by the state and managed by professional economists from government departments, that is, capitalism run by “experts” in the interest of all. Economic policy making according to this view is largely a matter of technical expertise or economic know-how, that is, a matter of choice.
Sunday, November 06, 2011
EU Debt Crisis has Not Been Solved, Could take the Entire Financial World Down / Stock-Markets / Global Debt Crisis
By: Bob_Chapman
Most believe the European debt crisis is solved, but not so fast. In spite of being told by the German federal court that leverage could not be applied to bailout loans, but they approved leverage anyway. The court says they will redefine their position by the end of the year. Thus, there is no deal until the court says there is one and constitutionally it’s legal. The Bundestag must believe the court will change its mind. Now we will just have to see what transpires. In the meantime Mr. Juncker of the European Union said there would be concessions for financial aid. As a result of those disclosures early last Monday the “President’s Working Group on Financial Markets” was busy at work trying to keep the stock market indexes from crashing and viciously attacking gold and silver overnight. What else would one expect in a rigged market?
Sunday, November 06, 2011
Too Many Eurozone Summits, The New World Order Is in Big Trouble / Politics / Global Debt Crisis
By: Gary_North
The New World Order is in big trouble. The European subdivision is visibly coming apart at the seams.
You can always tell when an important NWO arrangement is in crisis mode. The representatives of the mainstream media keep asking high-level spokesmen, "Does this threaten your program?" They answer, "No, this is just a temporary aberration." They say this over and over. Meanwhile, the events that led to the question keep getting more threatening.
Read full article... Read full article...
Saturday, November 05, 2011
Greece isn't the problem, Italy is! / Interest-Rates / Global Debt Crisis
By: Bob_Kirtley
Despite surviving a confidence vote (153-145)on Saturday which helped calm a revolt in his Socialist party, this is a hollow victory for the Greek prime Minister, George Papandreou
However the opposition leader, Antonis Samaras, who had demanded Papandreou resign to make way for a new government which would include members of any political party is non to pleased, as his proposals were rejected.
Saturday, November 05, 2011
Italy Moves One Step Closer to the Debt Crisis Endgame / Interest-Rates / Global Debt Crisis
By: Ben_Traynor
Is there an alternative to monetizing Italy's debt…?
SO THE Italian government today asked the International Monetary Fund to monitor its reform program.
Read full article... Read full article...
Saturday, November 05, 2011
Global Economy is at the Mercy of Tiny Greece? / Economics / Global Debt Crisis
By: Sy_Harding
It’s incredible when you think about it.
Greece is one of the smallest countries and economies in the world. Its population is 11 million people out of the 492 million in the combined European Union countries, and compared to 312 million in the U.S., 1.3 billion in China, 1.2 billion in India.
Friday, November 04, 2011
PIMCO's El-Erian on European Debt Crisis Assessment / Politics / Global Debt Crisis
By: Bloomberg
Mohamed El-Erian, CEO of PIMCO, spoke with Bloomberg Television's Betty Liu and Michael McKee this morning about the situation in Europe and the global economy.
El-Erian said that it's "striking" that German Chancellor Angela Merkel can't agree on the "easy part" and that "unfortunately it's a mess" in Europe
Read full article... Read full article...