FINANCIAL News, Money, Banks, Economic and Financial Crisis, Jul 29, 2011

Could a U.S. debt downgrade trigger a financial crisis? Washington Post There are no rules to define what is systemic and what isn't — or to accurately predict the consequences of an economic shock. Each crisis is unique. How exactly it will affect financialmarkets, companies and our economy is impossible to know. ... See all stories on this topic »

Making Sense of the Global Financial Crisis The FINANCIAL For many, the global financial crisis and the meltdown in value of money and wealth, the increasing shortage of funds in government treasuries, banks and corporate coffers, the bailouts of Ireland, Portugal, Spain and Greece, with the possibility of ... See all stories on this topic » The FINANCIAL

Pivotal moment for financial markets, investors straddle US default line Economic Times There are central bank rate decisions and a raft of significant economic reports, for example. The euro zone crisis is also rumbling on. But far and away the most important issue for investors is Tuesday's deadline for Washington to raise its $14.3 ... See all stories on this topic »

South Korea Economic News Live Trading News The 2nd crisis happened amid the Global financial turmoil in late Y 2008 when an exodus of foreign capital drove the Nation's financial system out of control despite solid economic fundamentals. After suffering from the crises, the country realized how... See all stories on this topic » Live Trading News

Debt-limit brink: Can ordinary investors run for cover? Should they? MinnPost.com Amid debate about how safe money-market mutual funds would be in a crisis scenario, somefinancial companies have issued statements designed to reassure investors. "We have stress tested our money market mutual funds, and we believe they can withstand ... See all stories on this topic »

USA Is "AAA" in Label Only Business Insider Sovereigns that bailed out banks are saddled with much greater government debt than before thecrisis. In the spring of 2007, the Fed and the UK's FSA reported that the degree of leverage in the global financial system was less than at the time of Long ... See all stories on this topic »

What can investors expect from banks' results? Interactive Investor This is roughly a third of Lloyds's pay out as RBS's market share is a third of the size of Lloyds's. Barclays's investment banking arm, BarCap, has gone a long way to getting the bank back on a sure footing since the financial crisis. ... See all stories on this topic » Interactive Investor

Questions to Ask on the One Year Anniversary of Dodd/Frank Seeking Alpha Last week marked the first anniversary of the Dodd-Frank financial regulation bill, and the news this week is full of perspectives on the debt ceiling "crisis." Common Cents Investing (CCI) tries to avoid political commentary, and this post is ... See all stories on this topic »

TIM COHEN: Debt crisis Business Day Once again, the crisis is emerging in a distant corner of the financial system — the repo market. Thousands of banks, hedge funds and investment companies borrow short-term money on the repo market. The borrower usually provides security in the form ... See all stories on this topic »

Conscience of a Gold Investor Gold Seek The USEconomy cannot be rebuilt or sustained on bond fraud, debt auctions covered by the printing press, endless war, phony accounting, outsourced industry, home equity extractions, riggedfinancial markets, constant deception on economic recovery, ... See all stories on this topic »

Steve Romick First Pacific Advisors - Q2 Commentary GuruFocus.com A country can be viewed as a proxy for the collective economic production of its populace, but if that society finds itself unable to shoulder the debt burden necessary to finance its lifestyle, then simply shifting its financial obligation to the ... See all stories on this topic »

Would a Credit Downgrade Matter? - Fullermoney Proactive Investors UK My view - Following the Asian Financial Crisis, Indonesia went through a painful economic and political restructuring. As a major oil producer in its own right as well as exporting tin, coal and other industrial commodities, Indonesia was well placed ... See all stories on this topic »

Q&A: How the debt crisis could affect average Americans The Seattle Times Looking forward, "it seems highly unlikely that the global financial system will simply settle back to the structure and functions of the pre- 'Great Debt Debate' era," Rochdale Securities analyst Richard Bove told clients Tuesday. ... See all stories on this topic »

Raise the ceiling or else? Advisor.ca The money market system would seize as lending amongst banks would cease very similar to the 2008 crisis. Unlike in 2008, the only entity able to bail us out now would be the Federal Reserve since the US government would be unable to 'spend' our way ... See all stories on this topic » Advisor.ca

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EUROZONE Debt Crisis News, Jun 29, 2011 (2)

usinessWeek That was the message from European leaders after the 11th debt-crisis summit in 17 months produced an additional €109 billion ($157 billion) in loans for deficit-bloated Greece, easier aid terms for Ireland and Portugal, and a retooled bailout fund to ... See all stories on this topic » BusinessWeek

European debt crisis: Spain downgrade threat unsettles markets The Guardian Germany's Dax and France's CAC both fell 1.1% European debt crisis: Madrid street protest highlights Spain's social and economic problems. Photograph: Emilio Naranjo/EPA Financial markets face more turmoil after Moody's put Spain's Aa2 credit rating on ... See all stories on this topic » The Guardian

Very bearish mood at Vancouver's Agora Financial conference Gold SeekMauldin is deeply pessimistic about the eurozone debt crisis, 'Lehman on steriods', and forecasts that unless Germany decides to bail-out Europe at enormous ... Debt crisis puts $ on a tailspin Financial Express Bangladesh Debt problems also hit the euro, in a reminder that risks of contagion from the euro zone'ssovereign debt crisis was far from gone ever after the bloc's second rescue package for Greece. Spanish and Italian bond yields rose while the euro was last ... See all stories on this topic »

US Debt Crisis vs. EU Debt Crisis: Double Standards? Forex News Now On Wednesday, while acknowledging that Athens' second financial bailout program will “raise the profile of its debt and reduce interest costs” and “contribute to strengthening the governance of theeuro zone in the longer term,” Standard & Poor's ... See all stories on this topic »

Eurozone Deal: What Experts Say Manila Bulletin So he was particularly pleased with the draft's call for ideas ''on how to better organize crisismanagement in the euro area.'' ''It's been one mistake and position corrected after another ...This is again an example of Europe doing the right thing ... See all stories on this topic »

IMF warns Spain of 'underlying problems' in the economy AFP It urged the Socialist government to strengthen reforms already underway, in particular concerning the labour market, and warned of the risk of contagion from the eurozone debt crisis. "Unwinding imbalances accumulated during the long boom and ... See all stories on this topic » AFP

Analysis: Investors become more positive on Ireland Reuters Bringing that yield down to levels at which Ireland can finance itself affordably in the market may remain impossible as long as the Greek crisis is unresolved, causing investors to worry about the stability of the euro zone. Meanwhile, yields on Irish ... See all stories on this topic »

Eurozone inflation unexpectedly falls to 2.5 pct The Associated Press Despite the debt crisis that has engulfed the eurozone and signs of waning economic activity, the markets have been pricing in another interest rate increase from the ECB in September. The bank has already raised its main interest rate a quarter of a ... See all stories on this topic »

Sovereign Debt Crises … Economic Slump … And Now, Earnings Trouble? istockAnalyst.com (press release) Things aren't looking good on the debt crisis front in Europe … just a few days after the "great bailout!" Why? German officials continue to express concern about bailing out their profligate euro-zone neighbors. Finance Minister Wolfgang Schaeuble ... See all stories on this topic »

European markets fall on US growth data Ninemsn European stocks markets slid on Friday as the US debt crisis deepened amid surprisingly poor growth data out of Washington. The euro gained against the dollar on the worrying US news and despite Moody's ratings agency issuing a gloomy warning over ... See all stories on this topic »

Boris's call for Euro break-up would be disastrous for the UK Left Foot Forward However, arguably the most interesting figures concern the scale of US exposure to the Eurozone crisis. At a time when internecine wrangling continues on the raising of the US debt ceiling, US banks are exposed to $710bn. Although the recent EU summit ... See all stories on this topic »

Spain PM calls early poll hoping for jobs recovery Reuters Zapatero's Socialists haemorrhaged support after being forced to impose a range of austerity measures to rescue public finances and fight a rearguard action from investors over its debt, which fed into the broader euro zone crisis. Spanish debt has ... See all stories on this topic »

Dollar Extends Weekly Losses As Debt Deadline Looms RTT News Eurozone annual inflation slowed unexpectedly in July, but continues to stay above the 2 percent ceiling. The slowdown in economic activity and the unsolved debt crisiscoupled with this surprise fall in inflation would possibly lighten the hawkish ... See all stories on this topic » RTT News

PRECIOUS METALS: Gold Ends Lower As Investors Cash In Gains Wall Street Journal --US debt crisis concerns remain supportive for gold, though "anticipatory selling" weighed on markets as the Aug. 2 deadline draws nearer By Tatyana Shumsky Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Gold slipped for a second day as investors cashed ... See all stories on this topic »

Lagarde on 'Worrisome' US Debt Debate, Eurozone's Future PBS NewsHour MARGARET WARNER: As we sit here right now, the crisis over the US debt limit and possibility of default still isn't resolved. You've talked about a possible spillover. What are the consequences globally - to the global financial system - if five days ... See all stories on this topic »

Cyprus Cabinet resigns as euro crisis spreads Telegraph.co.uk (blog) Eurozone countries, backed by other EU members and by the IMF, put up several billions in what they insist are temporary bridging loans. The bailout fails miserably, worsening the condition of the recipient state while loading more debt on EU taxpayers... See all stories on this topic » Telegraph.co.uk (blog)

Debt crises, poor results hit European shares Reuters ... Reuters Peripheral Eurozone Banking Index was down 2 percent. Ratings agency Moody's put Spain on review for a possible downgrade on Friday, adding to concerns that a Greek rescue package has done little to halt the spread of Europe's debt crisis. ... See all stories on this topic »

EU Morning Report- Euro slips on heightened eurozone debt contagion fears Easy-Forex Attention shifts to the eurozone Consumer Price Index data revealed today at 9 GMT. The Australian dollar plummeted against the dollar on growing concerns over eurozone and US debt crisis. Against the greenback, the Aussie traded lower from a 28-year ... See all stories on this topic »

Turkey a better bet than China says EM specialist Citywire.co.uk by Chris Sloley on Jul 29, 2011 at 12:02 The growth potential of the emerging eastern Europe is superior to most eurozone economies and the sovereign debt crisis has strengthened the case for investing in the region. That is the view of Robert Holmes, ... See all stories on this topic »

European Factors-Shares seen sharply down on US debt impasse Reuters The US debt impasse is making investors jittery at a time when they are already concerned about some disappointing economic numbers, mixed company earnings and fears of a euro zone debt crisis spreading to other countries in the region. ... See all stories on this topic »

Italy economy minister admits "mistakes", won't resign Reuters Widely seen as the guarantor of Italy's financial stability, Tremonti has faced growing pressure over the apartment, adding to market jitters that the country could be next in the firing line as the euro zone's debt crisis widens. ... See all stories on this topic »

Portugal's Prime Minister: Country's Bailout On Track Wall Street Journal Passos Coelho's comments came as Moody's Investor Service warned it could downgrade neighbor Spain, saying the country is at risk of seeing its borrowing costs continue to soar as the debt crisisrages on. "Whatever the external context surrounding the ... See all stories on this topic »

Economic confidence in Europe falls on bleak growth prospects Business Day EUROPEAN confidence in the economic outlook has weakened more than economists forecast this month as a worsening debt crisis clouded growth prospects across the 17-country euro area. European leaders last week agreed on a second bail-out package for ... See all stories on this topic »

China may help fund Greek bond buybacks-finmin source Reuters ... did the rounds last year as the debt crisis escalated but so far they have not shown up. "Sounds more like wishful thinking, unless there is some side-deal cooking. Why would the Chinese want to lend money for buybacks when Greece's euro zone ... See all stories on this topic »

European shares stay lower as Wall Street falls Economic Times In Europe, banking stocks are among the worst performers, also hit by concerns the euro zone debt crisis is spreading after rating's agency Moody's put Spain on review for a possible downgrade. The STOXX Europe 600 Banks index is down 2.5 percent, ... See all stories on this topic »

US STOCKS-Futures drop after vote delayed on debt deal Reuters The euro zone debt crisis is also a concern to markets. Rating agency Moody's put Spain on review for a possible downgrade on Friday, adding to worries that a Greek rescue package has done little to halt the spread of Europe's debt crisis. ... See all stories on this topic »

Early Elections in Spain Unnerve Markets CNBC.com The ongoing debt crisis in the United States has had markets shift attention away from the euro zone periphery more recently. Spain needs to pass an austerity budget for 2012, and political uncertainty in the lead up to an election could see it come ... See all stories on this topic »

Five world markets themes in the coming week Reuters The political standoff over US debt and the euro zone's own crisis have also pushed up money market rates. European banks, which already face potential losses on their exposure to Greece, Portugal and Ireland, may have to grapple with tougher funding ... See all stories on this topic »

NBP Governor sounds cautious FXstreet.com In recent sessions, the koruna even manages to keep up with the Swiss franc, which has maintained its safe-haven status during the ongoing debt crisis in the Euro zone and the US. Nevertheless, today's early news that Moody's has put the AA2 rating of ... See all stories on this topic »

RBA tipped to hold rates next week Business Spectator Australia's central bank is expected to sit pat on interest rates at its August 2 policy meeting, a Reuters poll found on Friday, given the threat to global growth from the US and euro zone debt crisis. But the decision might be a close call for the ... See all stories on this topic »

Jest in a time of cholera Reuters Blogs (blog) The highlight was Societe Generale's new “Socio-meter” which measures economic misery, political mood and EU attitudes. It concludes that while they remain concerned that the euro area debt crisisis not over yet, for now “our socio-meter shows pockets ... See all stories on this topic »

UK Research Team, IG Group IG Markets CFD Trading Mining stocks were generally lower, partly due to a rally in the US dollar index that has hit commodity prices, but also because there are fears that the debt crisis in Washington is now spreading into the real world, with US companies becoming more ... See all stories on this topic »

Gold Faces Short-Term Price Trap Business Insider In our calculation, the sovereign debt problem likely will increase. Eventually, even suddenly perhaps, it will lead to a currency crisis. This may cause a temporary capital shift from the euro into the US dollar, temporarily correcting the current ... See all stories on this topic »

The debt ceiling crisis The Economist (blog) PERHAPS the oddest thing about the debt ceiling debate to an observer from the east side of the Atlantic is the process itself. In Britain (and in the rest of Europe, as far as I am aware), the government proposes a Budget, the opposition votes against ... See all stories on this topic »

Twin debt fears boost default insurance costs MarketWatch In Europe, a warning by Moody's that it may cut Spain's Aa2 rating added to ongoing concerns about the potential spread of the region's debt crisis. The Spanish CDS spread widened 25 basis points to 370 basis points, while the Italian CDS spread ... See all stories on this topic »

US debt divide bad for both economies Financial Post They tout Canada as an attractive destination for capital whose allure has only increased with its strong banking system and relative resilience during the financial crisis. “Since the beginning of 2009, inflows to the Canadian bond market have ... See all stories on this topic »

The secret of our success Kathimerini Nevertheless, painting the deal as a success at a time when the effects of the debt crisis are being felt far and wide and when the worst is still to come seems not just premature but immature. Greece is still tiptoeing along the precipice -- it's no ... See all stories on this topic »

Weak Earnings in Germany Raise Concerns of Slowing Growth Jakarta Globe ... billion euros, in line with expectations, as it sold more cars both in Germany and abroad. But the company's preferred shares fell 5 percent after Martin Winterkorn, the chief executive, warned that Europe's sovereign debt crisis could hurt sales. ... See all stories on this topic » Jakarta Globe

NYMEX-Crude falls on as US debt row persists Reuters ... World stocks hit a 1-1/2 week low, on track for their biggest weekly loss since August 2010, as a Moody's threat to downgrade Spain revived fears the euro zone crisis is spreading, and investors eyed the looming deadline for US debt-limit talks. ... See all stories on this topic »

Daily Market Outlook FXstreet.com ... Function Try 1-week for $25 USD The single currency fell on Thursday as weak economic data from the euro zone and a jump in Italian bond yields at auction heightened worries that the euro zone sovereign debt crisis would spread to other countries. ... See all stories on this topic »

European debt crisis: Spain downgrade threat ... - MAARS News By Valkyries Financial markets face more turmoil after Moody's put Spain's Aa2 credit rating on review for possible downgrade while US debt talks are still deadlocked. The news sent the euro falling and stock markets in London and the eurozone down. ... MAARS News

Travelex for Business » North America » July 29, 2011 By Travelex America But concerns about a spreading euro zone debt crisis lifted the greenback to fresh one-week highs against the single currency. Europe's common currency came under renewed pressure Friday after Moody's threatened to downgrade Spain's ... Travelex Currency News – NA

EURO GOVT-Bunds up as euro zone crisis focus shifts to Spain ... By Business - Google News ukEURO GOVT-Bunds up as euro zone crisis focus shifts to SpainReutersLONDON, July 29 (Reuters) - Bund futures rose on Friday as investors switched out of lower-rated debt, with Spain the focus of concerns that the euro zone debt crisis ... Guerilla Stock Trading With Analysis...

Euro crisis: Just when you thought you were out… « Slugger O'Toole By Pete Baker It could also add at least €200m ($286m) to the island's 2011 financing needs, according to government estimates, at a time when the broader eurozone debt crisis has closed its access to financial markets. Meanwhile the euro remains ... Slugger O'Toole

EUR/USD: Euro turns red as concerns shift from US to Europe ... By GCI Financial For the 24 hours to 23:00 GMT, EUR declined 0.30% against the USD and closed at 1.4324, as weak European economic data and a jump in Italy's borrowing costs heightened concerns over theEuro zone debt crisis. ... GCI Forex News

Moody's threatens to downgrade Spain | The Raw Story By Reuters MADRID (Reuters) - Rating agency Moody's put Spain on review for a possible downgrade on Friday, adding to concerns that a Greek rescue package has done little to halt the spread of Europe's debt crisis. Moody's move to place the Aa2 government bond rating on review cited concerns over growth and said funding costs would continue to be high in the wake of euro zone leaders' er moves to curb the Greek crisis last week. That added to a sense that Spain - and Italy - are ... The Raw Story

IMF: Spain's Recovery Faces Potentially 'Severe' Risks | ForexLive By Market News International || July 29, 2011 at 17:05 GMT. || 0 comments || Add comment. BRUSSELS (MNI) – Strong exports could help lift economic growth in. Spain to 1.6% in 2012, but the Eurozone's fourth largest economy faces ... Should Spain be dragged into the Eurozone's debt crisis, the effect on the rest of the currency block would constitute a systemic event by its magnitude, generating significant global ripples, said the IMF. Bank exposures to Spain suggest that... ForexLive

Market Update: Euro-zone debt crisis The euro-zone debt crisis took a decisive twist on Thursday 21st June when European lawmakers announced that a robust package of measures was put in place, ... https://www.devere-group.com/.../Market-Update-Euro-zone-...

Eurozone fights divisions on debt crisis before summit | Radio ... Wednesday 20 July RNW - News and analysis from the Netherlands in 10 languages, ... With global pressure mounting for a quick fix to the euro's troubles, ... " The eurozone debt crisis has moved into a worrisome new phase," said Carsten ... www.rnw.nl/.../merkel-sarkozy-seek-eurozone-breakthrough

Italy borrowing costs soar in volatile euro markets - World news ... ... investors worried by the euro zone debt crisis and an impasse over the U.S. debt ... Next story in Europe Did Norway shooter inject bullets with poison? ... www.msnbc.msn.com/.../spain-italy-debt-sales-show-euro-zon...

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