Tuesday, November 15, 2011

EU bans sovereign debt speculation

Eurobond Proposal May be Europe's Saving Grace

STRASBOURG, France—The European Union remains focused on finding a way to expand its bailout fund, but Economics Commissioner Olli Rehn said a new proposal from German economists to counter the euro-zone debt crisis deserves attention.

Recession Fears Haunt Euro Zone

FRANKFURT—The euro-zone economy barely grew in the third quarter despite a temporary bounce in Germany and France, raising fears that the euro bloc may already be sliding into recession as businesses and consumers cut back on spending in response to Europe's escalating debt crisis.

This Is The Reason Bond Yields Are Exploding Across Europe

Bond yields are spiking across Europe, not to mention the spreads between Belgian, French, Spanish, and Italian bonds and German 10-year bunds
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5 Big Risks To The Global Economy

Despite the persistent Euro debt crisis coverage, there are other risks that we must bear in mind heading into 2012.

Paul Krugman: The World's Two Most Impressive Economies Have One Thing In Common

In a debate going on tonight in Canada between David Rosenberg, Paul Krugman, Larry Summers, and Ian Bremmer, the attendees were asked what they would do for the Canadian economy.

One Really Bullish Piece Of News From Europe

In Germany, the ZEW economic sentiment survey came in disastrous, which sounds bad except that, as this chart from Reuter's Scotty Barber nicely shows, these extreme levels of negativity are associated with market bottoms
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ECB Intervenes: Briefly Brings Italian Yields Under 7%... And Sends French Yields To Fresh Record Highs

ECB is back to playing Whack-a-mole. Just as BTPs seemed poised to collapse to new all time records, and yields reenter the stratosphere, the ECB stepped in aggressively bringing the yield to just under 7%, at 6.996% last, however briefly. The problem, as pointed out previously, is that now the vigilantes will simply focus on those bonds where the ECB can not spoil the party. Such as France. French OATs just hit a fresh all record yield, and low price as technocratic NWO is scrambling to find a third Mario, who just so happens to be is a Goldman and Fed alum, to take over Sarko and head France.

Give Some Credit to Credit-Default Swaps

The birth of the credit-default swap has been well-chronicled. In recent days, though, we may have witnessed the beginning of the end for that controversial insurance policy against financial disasters

Germany, France post solid growth, outlook bleaker

BERLIN/PARIS (Reuters) - Germany and France posted solid growth in the third quarter but those euro zone countries at the sharp end of the debt crisis are faring much worse and analysts expect bleaker times to come across the currency bloc.

UK inflation falls to 5 percent in October

LONDON (AP) — Inflation in Britain fell to 5.0 percent in October from the previous month's 5.2 percent, official figures showed Tuesday, in a sign that it may have peaked.

Jobless in America: OMB Director Jack Lew Makes the Case for Obama’s Jobs Plan

At the Republican presidential economic debate last Wednesday there was a lot of talk about the impact of taxes and regulation on the U.S. economy, but there was very little discussion — or rather specifics -- about the issue that matters most to Americans: Jobs.

Major world economies 'on course for slowdown'

None of the world's major economies will escape a slowdown, the Organisation for Economic Co-operation and Development has warned.

European Union in peril without reform, warns David Cameron

The Prime Minister insisted that leaving the EU was “not in our national interest” but said he felt “very personally” that now was the time for a fundamental reconsideration of European relations.

China vulnerable to asset bubbles, warns IMF