Today: FINANCIAL News, Money, Banks, Economic and Financial Crisis, Jul 20, 2011

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Jul 20, 2011

FINANCIAL News, Money, Banks, Economic and Financial Crisis, Jul 20, 2011


Soros' Quantum Holding 75% Cash Leads Hedge Funds Baffled by Global Crises
Bloomberg
Soros and Moore Capital Management LLC are among hedge funds that have reduced the amount ofmoney they're investing in stock, bond and currency markets as they look for clarity on globalevents ranging from the debt crisis in Europe to China's efforts ...
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Goldman's income jumps but still misses estimates
The Associated Press
At the same time the bank has been a lightning rod for wrath from the public and lawmakers, who see the storied investment house as a symbol of the kind of risky practices that helped lead to the financial crisis. Goldman was able to increase net ...
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The Associated Press
Nature of sovereign debt as an asset challenged by Eurozone debt crisis
Commodity Online
Banks used it as collateral for funding and regulated institutions hold significant amounts of sovereignbonds as regulatory capital. As a consequence of the financial crisis, fiscal revenues have fallen and government borrowing levels increased. ...
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Stocks, Oil Drop on Debt Concern; Gold in Longest Run Since 1980
BusinessWeek
Italy's 10-year bond yield rose 20 basis points and Spain's surged 25 points. Oil fell 1.4 percent. A gauge of European bank shares slumped to a two-year low and financial stocks led losses in the S&P 500 as concern about Europe's debt crisis grew. ...
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Three Ways Obama Can Fix the Housing Crisis
New Republic
When we place US economic trends since 2006 into this historical context, the current downturn looks about average for financial slumps—less severe in some respects, more so in others. Though alarming, the sharp decrease of 55 percent instock market ...
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New Republic
Bank of America Has Record Loss on Loans
Bloomberg
Using guidance given by Bank of America on June 29, the company may need to raise about $50 billion to conform to the rules, which were designed to build a buffer against losses and avert a repeat of the 2008 financial crisis. ...
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Two funds for the fizzling financials
Financial News
Global threats to this important sector abound, but exchange-traded funds can offer unusualinvestment possibilities for our extraordinary times. The financial sector is obviously a significant factor in the global and US economy as "money makes the ...
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Revisiting March 2009: Over Two Years Later and Nothing's Changed
Seeking Alpha
The potential economic instability of several countries in the Euro Zone not to mention the spillover effects of a mounting financial crisis in Eastern Europe may lead to more pronounced economicweakness from the region with subsequent feedback ...
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Balancing risk in today's investing environment
CTV.ca
The drivers also have little correlation with immediate economic conditions. We would be wary of European banks, which hold 77 per cent of the bank loans to GreeceIrelandPortugal and Spain. We expect another down leg in the European crisis. ...
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With $1.5 Trillion of US Debt, China Can Only Grumble
New York Times
In 2009, shortly after the global financial crisis broke out, China's prime minister, Wen Jiabao, said his country was “worried” about the safety of its huge cache of United States Treasury holdings. Last year Chinese policy advisers criticized the ...
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Developing World Developing Bubbles
HoweStreet.com
China's reserves and Brazil's natural resources, so goes this reasoning, will stabilize an otherwise unstable financial system while generating lots of new investment opportunities to replace exhausted developed-world stocks and bonds. Nah. ...
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BREAKING: SEIU PLANS DAYS OF RAGE AGAINST WALL STREET
The Cypress Times
The success of Justice for Janitors and similar campaigns primed community organizers and activists to take the next step, and the recent financial crisis and economic recession has offered them an opportunity they can't refuse. ...
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Currency Management Needs Coordinated Action
EconoMonitor (blog)
This high volatility is due to two global policy responses to the 2008 crisis. First, borrowing is cheap. Paradoxically, more money was thrown at a problem generated by exceptionally low interest rates and poor financial regulation. ...
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IBM Plans Five-Year Notes as Debt Crises Fuel Short-Term Demand
San Francisco Chronicle
IBM added $8 billion to its stock-repurchase plan, bringing the total authorized by the board to $12.7 billion. The company won't have trouble finding buyers for its bonds, Lurie said. "They're a company that people like to have, they are very global," ...
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Lords Remaining Stages - Finance (No. 3) Bill
DeHavilland (press release) (subscription)
All sides in the debate appreciate that this Budget has been produced at a time of great economicdifficulty. We all recognise that there has been a global financial crisis which has led every country that does not have the strongest of economies into ...
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Another Major Crisis Coming: 18 Signs That Global Financial ...
By Daniel
Banking stocks are getting slaughtered right now. European bond yields are absolutely soaring. Major corporations are announcing huge layoffs. The entire global financial system appears to be racing toward another major crisis. ... Most people don't have much sympathy for the banksters, but if we do see a repeat of 2008 they are going to be cutting off credit and begging for massive bailouts once again, and that would not be good news for the economy. ...
InvestmentWatch

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