This is a good question, but one that probably does not have to be answered for a long time. Perhaps next year sometime we may be asking this very question.
Comments »China Now Willing to Buy Sovereign Debt
“China is willing to buy bonds from nations involved in the sovereign debt crisis, National Development and Reform Commission Vice Chairman Zhang Xiaoqiang said in an interview with the media in Dalian yesterday.
China is willing to offer assistance, Zhang said without elaborating, adding that Premier Wen Jiabao made similar remarks earlier, according to a transcript distributed on the planning agency’s website yesterday evening. Caijing magazine attended the briefing and published an article earlier.
Wen, speaking at the World Economic Forum in Dalian yesterday, signaled that that developed nations should cut deficits and open markets rather than rely on China to bail out the world economy. China can best contribute to the global economic recovery by ensuring steady growth at home, he said.
“Countries must first put their own houses in order,” Wen said. “Developed countries must take responsible fiscal and monetary policies. What is most important now is to prevent the further spread of the sovereign debt crisis in Europe.”
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Germans Compare Greeks to Alcoholics and a Tea Party Moment is Afoot
How can these countries really come together and act decisively and quickly ?
Comments »Can the ECB Contain the Run on European Banks ?
Doubt it unless the come out with a TARP style program….
Comments »FLASH: Markets Tank on Austria Rejecting the Expansion of the EFSF
Student Loan Default Rate Rising Quickly
Northern Trust, $NTRS, Joins The Pink Slip Band Wagon
Hedge Fund Mgr. Julian Robertson on Current Events
Recap on the Euro Crisis
Despite all the talk this morning there are some real concerns. We have a conference call coming up later this morning between France, Germany, and Greece. Hopefully we get some statements. Otherwise here we stand.
Comments »Geithner and Cramer Notes; Full Interview
The Case For an Equity Rebound
Business Inventories: Prior 0.4%, Mkt Expects 0.5%, Actual 0.4%
Early Morning Fun: “Let’s Go to the Video Tape” with Cramer on Geithner
Anecdotal Evidence of Things Getting Better
China Rumor Dismissed; Wen Jiabao: ” indebted economies must “put their own houses in order,”
ECB to Help Liquidity Issues With Dollar Lending in the Euro Zone
FLASH: Geithner Says the IMF and the Fed Have a Big Interest in Helping the ECB, But This is Their Challenge to Handle it Financially Speaking
Cheers on that statement. Geithner also said he thought it was in everyone’s interest to see the crisis resolved so….a hint towrds help form the rest of the world if absolutely needed.
Why Geithner and Cramer Now ?
I always listen up when politicians come out and pitch or give unexpected discussions above and beyond the normal channels of information dissemination.
Geithner is peaking right now and this article suggests how the treasury will have to help the fed kick off operation twist.
Comments »New Euro Zone Plan to Relieve Collateral Issues
The Austrian Finance Minister has give the media some statements regarding a new plan that would ease the “explosiveness” of collateral; something that has stalled talks and proposal agreements all together.
Comments »European Debt Crisis to Be Temporarily Cured With New Euro Area Bonds
Commission president Barroso said the region will unveil options for a Euro bond.
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