Congress Makes No Progress Over Weekend; Government Shut Down Still Looms
France Says Banks are “Solid” and That There are No Plans to Recapitalize Institutions
IMF Discussions on Greek Debt Talks End With No Deal
Christine Lagarde: IMF may need billions in extra funding
Hugh Hendry on the Sovereign Debt Crisis: “The problem is greater than the ability of the politicians to respond,”
Hugh has been spot on with his calls and now he states the problem is more than policy makers can deal with. Furthermore Greece, problem du jour, will have to solve the problem by “throwing the politicians out and rejecting the European ideal.”
Comments »S&P Sovereign Rating Official Warns of Downgrades in Europe
Without saying downgrades are coming Beers implies that there will be consequences for inaction; even for Germany and France.
Comments »French Bank Chief: There is No Secret Plan
Understanding the Exponential Function
One Tenth of 1% is Still $600 Million of Your Tax Dollars Not at Work
Chancellor Osborne Says the Euro Crisis Must Be Fixed in Six Weeks
In six weeks there will be another G20 meeting in France.
I say the ECB should have already fixed the problem.
Interesting read and commentary out of the U.K.
Comments »ECB Unsure of the Duration of Bond Buying
This article is not that significant other than to magnify how confused the ECB is over their current dilemma.
Comments »Goldman’s Jim O’Neill: Don’t Even Think About The Words “Safe Haven”
Fine art, long term real estate holdings, cash flow positive companies for pennies on the dollar are just a few things that goes against this article.
Comments »Fundamental Laws Do Not Always Apply
The lastest fundamental law to investing is now diversification. But when so many issues trade up and down together is this a correct assumption or law ?
Comments »A Look at Derivative Risk
Early Morning Fun: Anecdotal Economic Indicators
EU MAY Accelerate the ESM Fund
Bloomberg has obtained documents that describe the EU speeding up a fund called European Stability Mechanism.
Was not supposed to kick off until mid 2013, but sources are saying this will be discussed and possibly sped up to stem sovereign debt woes.
Comments »“Developed Economies Do Not Decouple” – Avoiding a U.S. Recession Will Be Hard
Emerging Central Banks Intervene to Strengthen Currency Markets
Many emerging market central banks took action to strengthen their currencies.
They are worried and trying to get ahead of slow global growth and a 25% correction in equity markets.
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