Fitch said that the outcome of last week's EU summit was not the main determinant for its euro zone ratings and that it was still focused on public finances and macro-economic indicators. ... In the longer term, Fitch said, the ESM should help resolve future debt crises and could help strengthen the credit profile of highly indebted countries such as Belgium and Italy. ...
XE Forex News - http://www.xe.com/news/Downgrades for Portugal and Greece show Euro zone flaws whilst ...
By Shaun Richards
An incompetently designed EFSF (The problems with this are mentioned many times in my category on the Euro zone crisis on my previous Notayesmanseconomics blog) has been followed by an incompetently designed ESM. With political problems at home ... For example if you look at current US monetary policy then the Federal Reserve is spending some US $75 billion per month on purchases of US government debt but in spite of that yields have risen! As we go forwards they may have ...
Mindful Money - http://www.mindfulmoney.co.uk/wp/PMs Higher As Eurozone Downgrades, Libya and Japan Ignored for Now ...
By Tyler Durden
The unresolved eurozone debt crisis and the emergence of the Japanese natural and nuclear disasters and geopolitical risk in oil producing nations means that the fundamentals today are as sound as they were in 2010 - if not more sound. Bearish predictions that higher gold prices would lead to sharp falls in industrial and jewellery demand are being proven wrong as seen in the figures released by the CPM group this morning (see news). News (MSN Money) -- Gold price may hit ...
zero hedge - on a long enough... - http://www.zerohedge.com/fullrss2.xmlStingy News Article Link: "Is ethanol to blame for global unrest"
We will have a number of euro zone countries that would be well advised to take a sabbatical from the euro for a year. The situation in the United States is very worrisome. The markets will refuse to tolerate this level of debt. ..... Twenty years without, say, a sovereign debt crisis is significant, but hardly enough definitively to declare a country a 'graduate'. Greece resolved its last sovereign default only in the mid-1960s and Portugal had an International Monetary ...
Stingy Investor - http://www.ndir.com/
email: interalex2@gmail.com
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