Your source to global events that impact the economic recovery and other musings for the not so faint-hearted.
Monday, December 5, 2011
Sunday, December 4, 2011
Saturday, December 3, 2011
The Winter of Forgotten Hope
By Grant de Graf
A chilly breeze blows across the Alps as winter approaches and politicians continue to search for an economic solution to what is being called the mother of all sovereign debt crises.
Europe spent years of dedicated service in building the Euro with its respective European partners, producing a currency that represented a significant part of the global economy. Today the vision which politicians rallied to support, lies in virtual tethers.
Tony Blair, former British Prime Minister, predicts that Europe has weeks to decide, whether the Euro has legs. German Chancellor Merkel has issued a call for unity and stronger financial discipline among members. Does that mean that the end is nigh? Economically speaking almost everyone agrees, including the leading players within the EU, that in order to survive the Euro has to undergo some fundamental changes. Seemingly there is somewhat of a mismatch between the political determination of European leaders to protect its currency and the viability of the economic blueprint that is associated with the Euro. One ponders whether Europe's leaders have the economic skill and face to be able to structure a plan that can save Europe. Sometimes it takes a greater sense of courage and wisdom to release the eagle from capture, than to ensnare it. The art of falconry was never Europe's strong point.
HEADLINE NEWS * MARKET NEWS * SENTIMENT * TRENDING * BONDS * FOREX
A chilly breeze blows across the Alps as winter approaches and politicians continue to search for an economic solution to what is being called the mother of all sovereign debt crises.
Europe spent years of dedicated service in building the Euro with its respective European partners, producing a currency that represented a significant part of the global economy. Today the vision which politicians rallied to support, lies in virtual tethers.
Tony Blair, former British Prime Minister, predicts that Europe has weeks to decide, whether the Euro has legs. German Chancellor Merkel has issued a call for unity and stronger financial discipline among members. Does that mean that the end is nigh? Economically speaking almost everyone agrees, including the leading players within the EU, that in order to survive the Euro has to undergo some fundamental changes. Seemingly there is somewhat of a mismatch between the political determination of European leaders to protect its currency and the viability of the economic blueprint that is associated with the Euro. One ponders whether Europe's leaders have the economic skill and face to be able to structure a plan that can save Europe. Sometimes it takes a greater sense of courage and wisdom to release the eagle from capture, than to ensnare it. The art of falconry was never Europe's strong point.
HEADLINE NEWS * MARKET NEWS * SENTIMENT * TRENDING * BONDS * FOREX
Friday, December 2, 2011
Germany Hits Panic Button
BERLIN—German Chancellor Angela Merkel on Friday made an urgent appeal for decisive political action—including quick changes to the European treaty—to fix the root causes of the euro-zone debt crisis that threatens to unravel Europe's single currency and plunge the global economy into recession. REVIEW
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HEADLINE NEWS * MARKET NEWS * SENTIMENT * TRENDING * BONDS * FOREX
Thursday, December 1, 2011
Austerity May Sink Greece As Thousands Protest
ATHENS—Thousands of demonstrators marched through the streets of the Greek capital on Thursday in opposition to government overhauls, a few days before lawmakers start debating a 2012 austerity budget. READ MORE...
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HEADLINE NEWS * MARKET NEWS * SENTIMENT * TRENDING * BONDS * FOREX
Weak Manufacturing In Euro Zone, China Darkens Global Outlook
The outlook for the global economy deteriorated Thursday, with surveys showing manufacturing activity contracted at an accelerated pace in the euro zone and U.K. in November and shrank for the first time in nearly three years in China. But the U.S., where factory activity expanded, managed to buck the trend.
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HEADLINE NEWS * MARKET NEWS * SENTIMENT * TRENDING * BONDS * FOREX
World-Wide Factory Activity, by Country
As the world sinks deeper into crisis and central banks around the globe rally to restore economic order, the single statistic that veteran analysts are viewing with hawked eyes, is World-Wide Factory Activity, by Country. This is the what they are seeing. VIEW THE INTERACTIVE...
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HEADLINE NEWS * MARKET NEWS * SENTIMENT * TRENDING * BONDS * FOREX
Wednesday, November 30, 2011
What Are Fed Swap Lines and What Do They Do?
What Are Fed Swap Lines and What Do They Do?
"The Federal Reserve moved in coordinated action with foreign central banks this morning in order to provide a pressure-release valve for funding markets without exposing the U.S. central bank to much risk." READ MORE
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"The Federal Reserve moved in coordinated action with foreign central banks this morning in order to provide a pressure-release valve for funding markets without exposing the U.S. central bank to much risk." READ MORE
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Central Banks Take Coordinated Action
Central Banks Take Coordinated Action
WASHINGTON — The world's major central banks launched a joint action to provide cheap, emergency U.S. dollar loans to banks in Europe and elsewhere, a sign of growing alarm among policy makers about stresses in Europe and in the global financial system.
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WASHINGTON — The world's major central banks launched a joint action to provide cheap, emergency U.S. dollar loans to banks in Europe and elsewhere, a sign of growing alarm among policy makers about stresses in Europe and in the global financial system.
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Tuesday, November 29, 2011
Crisis in Europe Tightens Credit Across the Globe
Spanish Retail Sales Crash
MADRID—Spain's retail sales fell at their fastest pace in four months in October, the country's national statistics agency INE said Tuesday, the latest indication of a likely late-year contraction in the euro zone's fourth-largest economy.
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HEADLINE NEWS * MARKET NEWS * SENTIMENT * TRENDING * BONDS * FOREX
3 Reasons Europe Is Failing To Act
Despite recent progress toward necessary fiscal reforms in Greece, Italy and Spain, bond investors have been abandoning European markets anddriving up yields. READ MORE...
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HEADLINE NEWS * MARKET NEWS * SENTIMENT * TRENDING * BONDS * FOREX
Ireland Enduring a Long Age of Austerity
Ireland enters its second year in the ungentle embrace of its bailout providers facing a further €3.8 billion ($5 billion) of budget cuts. It is by general acclamation the star pupil among the growing group of euro-zone members that have lost the confidence of bond investors, and the closest thing the currency area has to a success story. READ MORE...
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HEADLINE NEWS * MARKET NEWS * SENTIMENT * TRENDING * BONDS * FOREX
Five lessons for making a difference in the world
But after nearly four decades of making small business “microloans” to women in the world’s poorest communities with my organization, FINCA International, I have developed a view as to what are the most important ingredients for success in social entrepreneurship READ MORE.
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HEADLINE NEWS * MARKET NEWS * SENTIMENT * TRENDING * BONDS * FOREX
Monday, November 28, 2011
Euro Bounces on Debt Solution Hope
Things are so bad, trader mentality suggesting that things can only get better.
European Economic Outlook and Level of Confidence Deteriates Significantly
PARIS—The global economic outlook has deteriorated significantly, the Organization for Economic Cooperation and Development said Monday, as it urged the European Central Bank to act decisively to prevent the euro-zone sovereign debt crisis from deepening and possibly dragging the U.S. economy to the brink of recession. READ MORE...
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HEADLINE NEWS * MARKET NEWS * SENTIMENT * TRENDING * BONDS * FOREX
Central Banks Ease Most Since 2009 to Avert Contagion
Euro area crisis threatens EU sovereign ratings: Moody's | Reuters
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