French 10 yr at new highs of 3.66%, past the flash point of 3.50.
Italy is at 7% and Spain 6.35%.
Comments »Morgan Stanley Sees 39% Upside in Emerging Markets by 2013
Spain Fails to Raise Enough Money at Bill Auction; Rates on 12 Month Paper Topped 5%
The IMF Does it Again; An Interesting Twist in Iceland’s Recovery
Richard Koo’s Predictions on The Credit Crunch Arrives on Time
Ron Paul: “It Is Estimated That US Banks Have Over A Trillion Dollars Tied Up At-Risk With German And French Banks”
FLASH: Moody’s puts Credit Suisse rating under review for possible downgrade
CS is down 4.3% on the day.
Comments »SPANISH YIELDS BLOW OUT
French, Spanish, and Belgium CDS Spreads Hit New Record Highs
BELGIUM 10 YR YIELDS AT HIGHEST LEVELS IN THREE YEARS
+3% to 4.61%
Comments »Everything You Need to Know About the Markets and the World Economy in One Presentation
U.S. Banks Release More Information on European Debt Exposure; Unfortunately Fears Have Not Been Quelled
Fears still run high despite the report as investors are concerned over the ability to hedge and potentially some off balance sheet exposure.
Comments »Warren Buffet Has No Interest in European Banks
European Banks Continue to Dump Italian Debt
“The banks are doing exactly what they should be doing: they are reducing their risk toward this event. We can see that clearly as now Italian bonds are being sold off,” Clausen, who is also the chief executive officer of Nordea Bank AB (NDA), said in an interview in Stockholm. “They should keep doing what they are doing. The banks are actually moving out of the epicenter.”
Comments »China Looks to Stimulate World Economy by Boosting Imports
This may begin a bigger run in the Yuan as a stronger currency makes imports cheaper.
Comments »Italian Bond Yields Reverse Course and March Higher
UniCredit to Consider a 7.5 Billion Euro Dilution
Argentina Central Bank Will Have to Reduce Dollar Deposits by 20% as Deposits Fall by $645 Mn
Documentary: Merchants of Cool
Finding disposable income in our kids. What are the implications and or results on culture.
Comments »
