European Banks Have Reached Evaluation Levels Not Seen Since The Collapse of Lehman Bros.
Societe Generale To Sell $5.4 Billion in Assets to Sure Up Capital Ratios
Greek 2 Year Hits Nosebleed Territory Above 60%
Inflation Protected Bond Yields Fall Below That of Government
Greeks Prime Minister Vows To Prevent Default in Greece
Confidence is running low and Papaandreou has vowed to keep Greece in the Euro. He has cut wages across the board for government workers for the next month. Also he has created a real estate tax to be collected through electricity bills to ensure the money is taken.
The measures taken only relieve a pittance of deficit shortfall.
Comments »Safe Haven Debt Plays Rally Hard
Australian and Kiwi Dollars Fall Overnight
Jamie Dimon Calls New Banking Rules Anti American; Well How About Criminal Activity in the Banking System Jamie ?
Hey Jamie don’t forget the American tax payer bailed your bank out with a Bear Sterns cash infusion…not to mention every other too big to fail bank who ran this country into the ground. NOBODY WENT TO JAIL AND THAT IS ANTI AMERICAN.
Also remember that monopolies are anti capitalism !
Comments »Preliminary IMF Study Shows ECB May Be Short $273.2 Billion
World Headlines Worry of a Imminent Greek Default
Goldman’s Full Outlook Through 2012
Warren Buffet’s Favorite Indicator Continues to Move South
Credit Suisse Downgrades U.S. GDP and Year End Target For the S&P
FLASH: Germany Preparing To Bail Out Its Banks If Greece Defaults
The market is nearing session lows on this news.
Comments »Corporate Bonds Suffer More Downgrades Than Upgrades
El-Erian: US Faces Challenges Fed Can’t Solve
“You simply can’t overcome these impediments,” said El- Erian, chief executive and co-chief investment officer at Newport Beach, California-based Pimco, manager of the world’s biggest bond fund. “These are structural issues and require structural solutions.”
Comments »Top German Representative Resigns From the ECB
Bad timing on this resignation. Jurgen Stark is resigning over “personal reasons”, but some suspect it is over problem with bond proposals and general bailout procedure.
Comments »ECB Switches Up Their Approach to the Banking Crisis
Instead of being critical over interest rates the focus will now be on the ability to plan out how finds are to be repaid.
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