FINANCIAL News, Money, Banks, Economic and Financial Crisis, Aug 06, 2011

A Global Market Correction Authored By Governments Forbes (blog) As a front page Wall Street Journal report from Friday not-so-shockingly observed, “markets spiraled downward” under “the strain of the global economic slowdown and the failure of policy makers to stabilize financial markets. ... See all stories on this topic »

A World of Worries: Markets Fall, New Recession Feared Wall Street Journal The yield on the benchmark 10-year Treasury slid to 2.3%, its lowest level since the height of the financial crisis. So much money poured into cash accounts that Bankof New York Mellon said it would start charging big depositors -- a stark reversal of ... See all stories on this topic » Wall Street Journal

The Post-Western World Forbes (blog) By KENNETH RAPOZA The economic crisis in advanced economies is accelerating the timeline in which big emerging nations like China rule the global economy. Instead of the market focusing on American shopping habits, they'll be focused on consumers in ... See all stories on this topic » Forbes (blog)

Insight: Investors rush to cash as economic turmoil worsens Reuters The S&P 500 absorbed its worst one week decline since November 2008 as concerns grew about the inability of world political leaders to deal with the European debt crisisor the faltering US economic recovery. And even though the S&P and other US stock... See all stories on this topic » Reuters

Five Days to Remember—Or Not Wall Street Journal Others wondered if the deepening European bank crisis "is going to be another version of the Lehman and Bear Stearns scenario," said Jim McDonald, Northern Trust's chiefinvestment strategist. He urged clients to avoid reacting to ups and downs. ... See all stories on this topic » Wall Street Journal

Dow Swings 416 Points as Treasuries Sink Bloomberg 5 (Bloomberg) -- Nouriel Roubini, a New York University professor and the economist who predictedthe global financial crisis, talks about the possibility of a US recession. Roubini, speaking from Grand Lake Stream, Maine, with Michael McKee and Betty ... See all stories on this topic »

BofA, Citi shares down on Euro, US worries Reuters By Joe Rauch CHARLOTTE, NC, Aug 5 (Reuters) - The shares of Bank of America Corp (BAC.N) and Citigroup Inc (CN), the major US banks hit hardest by the financial crisis, dropped on Friday amid investors fears that global economic weakness will hamper ... See all stories on this topic »

World of Worry Barron's What is all but certain is that the FOMC will endorse the current status quo of maintaining its 0-0.25% target for the overnight federal-funds rate, which has prevailed since December 2008, when it was put in place in the financial crisis for an ... See all stories on this topic »

The Case for Going Global Is Stronger Than Ever Gold Seek In contrast to years past, when a financial crisis would have erupted into a fiscal crisis, countries like China, Brazil, and others have seen their currencies strengthen. This makes their dollar-denominated debt easier to repay, especially as a ... See all stories on this topic »

Govt spending must be targeted: Prasarn The Nation The US is also beleaguered by lower tax revenue, higher public debts due to the 2008financial crisis. A hike in debt ceiling means higher public debts, against budget cuts in 10 years. "It's not easy to achieve the US$4 trillion balance budget, ... See all stories on this topic » The Nation

US stocks dip to end worst week in two years Sydney Morning Herald The Dow Jones Industrial Average swung in a 416-point range, while financial shares in the S&P 500 tumbled 1.7 per cent. Bank of America Corp. dropped 7.5 per cent, while Citigroup Inc. slumped 3.9 per cent as Europe's debt crisis and losses linked to ... See all stories on this topic »

Economic Daily News: Who will rescue world economy this time? Focus Taiwan News Channel The lack of a credible financial stabilization plan also fueled concerns about a new recession. The problem only intensified when the European Central Bank decided on Aug. 4 to resume buying government bonds to ease the worsening eurozone debtcrisis. ... See all stories on this topic » Focus Taiwan News Channel

Investors struggle to see past panic Reuters "There is certainly not going to be any fiscal stimulus coming, given the debt situation we are in," said Paul Mendelssohn, chief investment strategist of Windham FinancialServices in Charlotte, Vermont. "You've got so much discord and so much ... See all stories on this topic » Reuters

Equities shine in era of low interest rates The Independent The global economy has spent much of the last five years in meltdown – particularly the previously reliable income generators such as banks which were badly affected by the financial crisis – so what are the prospects like for dividends now? ... See all stories on this topic »

“The bad news came quickly and in bunches” – John Rafferty Net Newsledger Declining growth and less job creation within Canada – especially when coupled with a possibleglobal credit crisis should be a huge red flag for this Conservative government if they are truly on top of things on the economic front as they claim. ... See all stories on this topic »

The Debt Supercycle Business Insider Then today I get this note from Bluemont Capital Advisors, written by Harald Malmgren, Global Economic Strategist, and Mark Stys, Chief Investment Officer. It is short but important, so I am going to quote it liberally: Italian and Spanish interbank ... See all stories on this topic »

Debt wrangling: Your guide to economic chaos Frankstonweekly Aren't we just recovering now from the global financial crisis, you ask? In the financial crisis of 2008 it was the banks which had all the debt, and the governments which bailed them out. Fast forward three years and we have the sovereign debt crisis. ... See all stories on this topic »

email: info@als-alexander.org or interalex2@gmail.com