All these downgrades and rating warnings are not only putting further pressure on the debt crisis now going on for 2+ year, but is also sharpening the picture of a possible breakup of the Euro Zone.
Post Tagged with: "European debt"
December 16, 2011 08:13
IMF warns that world risks sliding into a 1930s-style slump
“This is exactly the description of what happened in the 1930s, and what followed is not something we are looking forward to.”
December 16, 2011 08:13
IMF warns that world risks sliding into a 1930s-style slump
“This is exactly the description of what happened in the 1930s, and what followed is not something we are looking forward to.”
December 9, 2011 10:34
Decade-Long European Recession Coming
When there are more losses, and there will be, the only way to guarantee banks do not take them, is to have someone else take them, namely taxpayers. By Mike “Mish” Shedlock at Mish’s Global Economic Trend Analysis If French president Nicolas Sarkozy gets his wish to “Level the Playing Field” on sovereign bonds, a decade-long European recession is on its way. French President Nicolas Sarkozy made it clear in a speech in Toulon last week that he wanted the […]
December 7, 2011 09:23
Jim Rogers: QE3’s Already Started! I’m Shorting Stocks, Long Commodities and Currencies
Markets may rally on certain short-term fixes or good news, but until some resolution comes to the mountainous sovereign debt, no rally will last. QE3 is already underway if you look at the huge jump up of M2 money supply since August. By EconMatters Jim Rogers, chairman of Rogers Holdings, talks about his investment strategy. from Singapore with Susan Li on Bloomberg Television’s “First Up” on Monday 29 Nov. Rogers also comments on Europe’s sovereign debt crisis, Federal Reserve monetary […]
December 7, 2011 09:19
Is Germany Europe’s last hope?
The euro’s time is almost up – so says one of the big three credit rating agencies as it prepares for a mass eurozone debt downgrade. S&P’s announcement shook international markets, with investors cutting and running on European holdings. Especially worrying for them this time is that even Germany, seen as the EU’s backbone, is not being spared. Standard & Poor’s justified its decision by pointing out the bloc’s consistent failure to stem its debts, even as nations saw their […]
December 6, 2011 17:37
Bank Runs?
With the situation in Europe deteriorating and the increasing recognition that there is no solution, capital will leave these banking systems as well as flee the countries involved. If you fear bank failure, you take your cash out. If you fear currency failure, you put your money into safer currencies, preferably outside of the country. From Monty Pelerin’s World In March of 2010, I discussed the possibility of another bank holiday. We had one during the Great Depression where banks […]
December 6, 2011 05:50
Is Germany Europe’s last hope?
The euro’s time is almost up – so says one of the big three credit rating agencies as it prepares for a mass eurozone debt downgrade. S&P’s announcement shook international markets, with investors cutting and running on European holdings.
December 1, 2011 05:48
The Global Economy at Cliff’s Edge
President Obama is responsible for the mess we’re in because he squandered more than $2 trillion of our hard-earned and borrowed money to accomplish little more than payoffs for groups and individuals that supported candidate Obama in 2008.
November 30, 2011 06:49
Euro-Crisis is Much Worse Than It Looks
This incredibly contractionary monetary “policy” began sometime earlier this year and is continuing to accelerate. I put policy in scare quotes because there is no policy as such there is simply contraction.
