tag:blogger.com,1999:blog-33210872555607167022021-12-05T13:02:13.791+12:00The Financial News Digest about the financial crisis, debt crisis, Eurozone, austerity, recession, default, and recoveryUnknownnoreply@blogger.comBlogger498125tag:blogger.com,1999:blog-3321087255560716702.post-48690632387024674192015-01-03T12:54:00.001+12:002015-01-03T12:54:19.987+12:00

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Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-56923427291917127402013-04-16T14:46:00.003+12:002013-04-16T14:46:37.873+12:00

Draghi urges governments to solve debt crisis, says ECB cannot Reuters AMSTERDAM (Reuters) - European Central Bank President Mario Draghi on Monday put pressure on governments to push ahead with plans for closer European integration to address the euro zone crisis' core problems. He said that was not ... to take, the ... Euro-zone Debt Crisis is Back The Market Oracle The decimation of the

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-54968873909550778902013-03-28T00:00:00.000+12:002013-03-28T00:00:01.724+12:00

Bloomberg USA Live TV Schedule Bloomberg Radio more news below and at MiaSX.com Follow @ieeuuus

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-12095355220166695772013-03-26T00:00:00.001+12:002013-03-26T00:00:10.062+12:00

Forget Spain and Italy. It’s France that’s Greece-ifying before our very eyes – Quartz: " . .  . France . . . its economy is decaying . . . rapidly. Markit’s preliminary March purchasing managers’ index—which measures monthly changes in private-sector output—came in at 42.1 (pdf), down from 43.1 in February. (Anything lower than 50 reflects a drop in output.) That’s the fastest slowdown in

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-16525963434583754102013-03-23T00:00:00.000+12:002013-03-23T00:00:14.065+12:00

"For many small businesses, simply keeping up to speed with changing regulations is challenging. Elizabeth Milito, Senior Executive Counsel of the NFIB, says, “Our members want to comply with the law. They don’t want to discriminate against applicants or employees, but they struggle to decipher confusing and sometimes contradictory laws.” She points out that small firms typically don’t have HR

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-22248358476631708412013-03-21T00:00:00.001+12:002013-03-21T00:00:18.044+12:00

RealClearMarkets - February's Unemployment Rate Didn't Really Decline: "When the unemployment rates for the past two months are calculated out to two decimal places, the results are 7.92 for January and 7.74 for February. The monthly decline is 0.18, which is within the BLS error range. (The BLS uses a 90 percent confidence interval for monthly changes.) Dare it be uttered? It appears that the

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-895776081387287702013-03-19T01:00:00.000+12:002013-03-19T01:00:06.948+12:00

China will have to act avert financial crisis, Nomura saysTelegraph.co.uk“We believe China faces rising risks of a systemic financial crisis and that the government needs to take action quickly to contain such risks.“ The cautious assessment from Nomura came as China re-appointed Zhou Xiaochuan, 65, as governor of its ...Telegraph.co.ukFinancial crisis forces households to cut spending by £3000 a

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-25091717766154023162013-03-16T01:00:00.000+12:002013-03-16T01:00:05.669+12:00

Video - Young People Grow Wary of Borrowing as Student Loan Debt Balloons - WSJ.com: "Young people are racking up larger amounts of student debt than ever before, but fresh data suggest they are becoming warier of borrowing in general: Total debt among young adults dropped in the last decade to the lowest level in 15 years. A typical young U.S. household—defined as one led by someone under age

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-1690149974051978622013-03-14T01:00:00.000+12:002013-03-14T01:00:10.904+12:00

Yes, the Financial System Is Rigged. Why Shouldn't You Profit From That Knowledge? - Businessweek: " . . . Now, we see housing ascendant again. Corporate profits are breaking records, thanks in no small part to a Federal Reserve—the wealthiest bank in the world—hell-bent on seeing both things happen. “At least the first part of this rally is a rock solid foundation,” remarked financial blogger

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-84285398046539659882013-03-12T01:00:00.000+12:002013-03-12T03:55:51.204+12:00

Pimco's Gross: Irrational Exuberance, the Sequel | Fox Business: "Pimco’s Bill Gross says investors who believe double-digit market returns will continue are irrationally exuberant and warns they better lower expectations on all asset classes. Gross again takes characteristically pointed jabs at the Federal Reserve’s easy money policies in his latest investment letter. PIMCO’s Gross warns

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-47522258283046688542013-03-09T01:00:00.000+12:002013-03-09T01:00:06.577+12:00

Why Won't Americans Listen to Alan Simpson and Erskine Bowles? - Businessweek: " . . . The fate of the grand bargain will likely be determined over the next six to eight weeks, as sequestration hits and funding for the government runs out on March 27. If Congress muddles through with still more short-term fixes, the chance for major reform may vanish for years. Washington will move on to

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-74652028451333250462013-03-07T01:00:00.000+12:002013-03-07T01:00:14.011+12:00

RealClearMarkets - Ben's Balance Sheet Blues: " . . . . Bernanke is banking on the hope that his policies will jump start the economy which will then be able to motor along on its own. However, the current era of cheap money and fiscal stimulus will never create an economy that is capable of standing on its own legs. Instead, it is propping up a parasitic economy that is completely dependent on

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-48847792079226247462013-03-05T01:00:00.000+12:002013-03-05T01:00:01.056+12:00

Equity Prices Are Artificially High — It’s Time to Take Profits: PIMCO’s El-Erian | Daily Ticker - Yahoo! Finance: " . . . El-Erian explains that central banks have been compelled to undertake unconventional measures, things they haven’t done before, because other policymakers are not stepping up to take responsibility on the fiscal side. But central bank activism can be risky. For example, the

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-32876965127396432532013-03-02T01:00:00.000+12:002013-03-02T01:00:07.465+12:00

No way out--and no exit from the Fed's madness-- TCW.com - And All Our Yesterdays: " . . . The Fed has dutifully sat by the patient’s side for over four years. But when Mr. Bernanke originally administered his concoction of zero rates and quantitative ease, the Fed was confident that these truly extraordinary monetary actions were emergency measures from which “exit” was a year, at most two,

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-51063809132036184972013-02-28T01:00:00.000+12:002013-02-28T01:00:16.341+12:00

Jobs, factory, inflation data favor easy Fed policy | Reuters: "More Americans filed new claims for jobless aid last week, factory activity slowed in February and consumer prices were flat in January, supporting the argument for the Federal Reserve to maintain its very accommodative monetary policy stance. The reports come after signs of divisions at the Fed over its bond buying program aimed at

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-44264338755614629332013-02-26T01:00:00.000+12:002013-02-26T01:00:05.491+12:00

Bill Gross: Be very afraid of the markets - The Buzz - Investment and Stock Market News: "Bond guru and Pimco (PTTRX) managing director Bill Gross isn't buying into the bull market. In fact, he's warning investors to be afraid, be very afraid, of how inflation and the flood of cheap money will affect all investments. Investors should be prepared to accept "lower returns on bonds, stocks, real

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-72297752888283144202013-02-23T01:00:00.000+12:002013-02-23T01:00:10.890+12:00

Canada, Druckenmiller and Warsh: Generational Theft Needs to Be Arrested - WSJ.com: " . . . The Federal Reserve's policies reinforce this short-term orientation. To offset weak economic conditions, the Fed's principal policy objectives appear to be twofold: suppress interest rates and raise stock prices. As a result Congress may be missing market signals and failing to see the costs of its

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-58501438765303679152013-02-21T01:00:00.000+12:002013-02-21T07:04:26.925+12:00

No One Remembers When Bonds Went Truly Bad - Businessweek: "All this consternation and kvetching—“headline risk,” traders call it—over a comeuppance in the bond market. Makes you wonder if investors and Wall Street, with its battalions of freshly hatched MBAs, have enough of a frame of reference for when a bond bear last truly happened: in 1994. . . .Today, according to the Leuthold Group, if

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-74752942283053264432013-02-19T01:00:00.000+12:002013-02-19T01:00:03.225+12:00

Feb. 15 (Bloomberg) -- Paul Krugman, Princeton University Professor of Economics, compares the United States economy to Japan in the 1990's. He speaks on Bloomberg Television's "Bloomberg Surveillance." Krugmanisms-- "what Japan, the US, and the UK are doing is in fact trying to pursue expansionary monetary policy, with currency depreciation as a byproduct"--Paul Krugman, NYTimes.com  "At

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-83541240379604403022013-02-16T01:00:00.000+12:002013-02-16T01:00:09.830+12:00

Goldman Sachs braces for bond market blow up - The Term Sheet: Fortune's deals blogTerm Sheet: "Cohn told Bloomberg, "At some point, interest rates will go higher again, and all of the money that has piled into fixed income over the past three years, some of it will come out." Cohn, perhaps tellingly, noted that a bond crash would be "interesting" for Goldman. In December, Goldman's CEO Lloyd

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-52319041116094030182013-02-14T01:00:00.000+12:002013-02-14T01:00:13.720+12:00

John Taylor: Fed Policy Is a Drag on the Economy - WSJ.com: "Research presented at the annual meeting of the American Economic Association this month by Eric Swanson and John Williams of the San Francisco Fed is consistent with this view of credit markets. It shows that during periods of forward guidance, the long-term interest rate does not adjust to events that shift supply or demand as it does

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-1255613551210889572013-02-12T01:00:00.000+12:002013-02-12T01:00:16.740+12:00

Shale Gas Will Fuel a U.S. Manufacturing Boom | MIT Technology Review: "Now the ability to access natural gas trapped in shale rock formations, using technologies such as hydraulic fracturing and horizontal drilling, has lowered American prices to a fraction of those in other countries (see “King Natural Gas”). Over the last 18 months, these low prices have prompted plans for the construction of

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-64003681081342157322013-02-09T01:00:00.000+12:002013-02-09T01:00:01.130+12:00

The Economic Fundamentals of 2013 by Nouriel Roubini - Project Syndicate: "several risks lie ahead. First, America’s mini-deal on taxes has not steered it fully away from the fiscal cliff. Sooner or later, another ugly fight will take place on the debt ceiling, the delayed sequester of spending, and a congressional “continuing spending resolution” (an agreement to allow the government to continue

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-45525066601656001292013-02-07T01:00:00.000+12:002013-02-07T01:00:09.250+12:00

Grand Mal Economics by J. Bradford DeLong - Project Syndicate: In the worst case, have the government step in, borrow money, and buy stuff, thereby rebalancing the economy as the private sector deleverages. CommentsView/Create comment on this paragraphThere are many subtleties in how governments and central banks should attempt to accomplish these steps. And, indeed, the North Atlantic

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-3321087255560716702.post-56551638469325020832013-02-05T01:00:00.000+12:002013-02-05T01:00:08.112+12:00

9 ways feds bungled foreclosure crisis- MSN Money: "1. No one's getting much. Only $3.3 billion is actually going to people who have been in foreclosure. The government tried unsuccessfully to review a small portion of 3.8 million foreclosed homes, The New York Times reports. But no one knows how many of those borrowers were harmed, so all 3.8 million will get the money regardless if they were

Unknownnoreply@blogger.com