Italy -10% to 6%
Spain -10% to 5%
Belgium -6% to 4.38%
Sources Say Fed Close to Giving Loans to IMF for Euro Debt Crisis Solution
Another option for the republicans to think about blocking. Somebody has to put their foot down!
Comments »Dexia Secures Another Round of Financing As Europe Tries to Get its Act Together
Japan’s Olympus Hid $1.7 Billion in Losses From Shareholders
German Bund Under Performance to Treasuries May Help The U.S. Sell $1.3 Trillion in Paper
German Bundesbank Will Welcome Any Help The IMF May Provide
Italy Agrees to $40 Billion in Austerity; Euro Climbs Against the Greenback
Keep Your Eye on Europe This Week to Gauge the Direction of Global Equities
Hopefully the Europeans can perform as the markets expect them too so we can go back to trading on individual fundamentals and merits of companies.
Comments »The Week Ahead (video)
Bank of Korea is Just the Latest Central Bank to Accumulate Gold: Position Increased by 39% or $1 Billion
Soros: World Financial System on Brink of Collapse
Italian and Spanish Bonds Rise for a Third Day Calming Nerves of the Global Markets
For how long is the question. Everyone will wait for a meeting next week to see if solutions arise and if the ECB will cut rates.
Comments »Goldman and HSBC Forecast Rate Cuts For China in 2012
China walks a fine line between inflation and growth, but now that the first rate cut is in we might see more.
Comments »India Sees Huge Demand for Bonds
ECB and IMF Funding Take Shape; Possibly $270 Billion Will Be Offered Up to Fund the Euro Crisis
Will Investors Be Up to the Task of Funding Europe With 3 Trillion Euros in 2013 ?
Merkel Pours Cold Water Over Investor Hopes; But Equities Ignore Negativity
Merkel said a solution to the problem could take years and compared the issue to a marathon.
Comments »ROSENBERG & SRI-KUMAR: A Eurozone Endgame Could Spur A 2000-Point Rally In The Dow
Kyle Bass: We Think Hard Defaults are Imminent
Is the world wrapped up in too much debt? Kyle Bass thinks so and has some chart porn to boot.
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