Today: FINANCIAL News, Money, Banks, Economic and Financial Crisis, Sep 11, 2011

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Sep 11, 2011

FINANCIAL News, Money, Banks, Economic and Financial Crisis, Sep 11, 2011

Mauldin: Prepare Now, This Could Easily Be 2008 All Over Again
Business Insider
John Mauldin is a bestselling author and financial advisor. He publishes a free weekly email on theeconomy--"Thoughts From The Frontline" “I am sure the Euro will oblige us to introduce a new set ofeconomic policy instruments. ...
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European bank drama complicates U.S. recovery efforts
The Hill (blog)
While the president is pushing his broad jobs plan in an last-ditch effort to boost the ailing economicrecovery, the European drama has been severely unsettling American financial markets. Stark's exit set off a sell-off in the Dow Jones Industrial ...
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Viewpoints: Hold banks to account for their role in crisis
Sacramento Bee
Yet, buttressed by the investigations of the Financial Crisis Inquiry Commission, the Senate Permanent Subcommittee on Investigations, and various enforcement agencies, there is now a rising tide of legal actions seeking redress from banks that acted ...
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G7 gets tough to revive global economy
Herald Sun
Such action is needed to combat the slowing economic growth and the sovereign debt crisisafflicting the US and Europe that continue to rattle the financial markets, they said. They hailed the $423 billion jobs plan unveiled on Thursday by US President ...
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The banks will be forced to STOP gambling with your money... and they can meet ...
Daily Mail
Three years on from the massive financial heart attack which did enormous damage to the world's economy, we have been reminded that although a complete collapse was averted by the surgeons in central banks and finance ministries, the patient is still ...
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Daily Mail
Citizens being hit 'island-wide'
The Press Association
Donegal TD Pearse Doherty told his party's Ard Fheis in Belfast that working people had "paid enough" to ease the Republic's financial crisis, calling on the Fine Gael/Labour coalition to shift the burden. Former Stormont Minister Conor Murphy also ...
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Euro zone: Growth first, austerity later
GlobalPost
As ever, the exception is Britain, where the Chancellor of the Exchequer George Osborne is secure in his belief that taking money out of the economy now is the only way to deal with the crisis — a collapse in manufacturing and service output not ...
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GlobalPost
Trading Week Outlook: September 12 - 16, 2011
Seeking Alpha
USD- US Consumer Sentiment, the University of Michigan's monthly survey of 500 households on their financial conditions and outlook of the economy, Fri., Sept. 16, 9:55 am, ET. The preliminary September estimate of the US consumer sentiment index is ...
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Libya's transitional council gets access to foreign financing after IMF ...
Globe and Mail
It will support them indirectly through Canada's sponsorship of various internationalfinancial institutions such as the IMF and the World Bank. “The internationalfinancial institutions have quite a good track record in getting the job done,” he said....
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Globe and Mail
Did 9/11 Cause the Financial Crisis?
Tapped
The Financial Crisis Inquiry Commissions (FCIC), the bipartisan group asked by Congress to determine the causes of the crisis, wrote in its final report that in that during this time, "Money washed through the economy like water rushing through a ...
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Tapped
China Shows Resilience as Imports, Exports Top Expectations
San Francisco Chronicle
The data suggest the world's biggest exporter is weathering Europe's debt crisis and weakening US consumer sentiment. Group of Seven finance chiefs yesterday vowed to buoy slowing economicgrowth after global stocks slumped on concern that Greece may ...
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Bad economy? A good time for a steamy affair
USA Today
And, while the US watches Europe's financial crisis unfold, Ashley Madison is there. Biderman said business in Spain and other hard-hit European countries where the company operates, is booming. Hey, if the economy's a rockin', don't come a knockin'.
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USA Today
Will Europe's woes spark new crisis in Middle East?
AME Info
Most analysts agree that even in the event of some of Europe's banks collapsing, Middle East interests are unlikely to suffer too greatly - at least directly. "The previous financial crisis was a huge contagion where all the different banks were all ...
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Nothing less than the total separation of retail and investment banks will do
Telegraph.co.uk
The big American banks of yesteryear, built during the go-getting "gilded age", lobbied hard against Glass-Steagall. After all, the proposed "firewall" severely limited their "easy money" profits – seeing as financial institutions would fail if their ...
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Telegraph.co.uk
Rethinking Diamond Engagement Rings in the Current Financial Crisis
Benzinga
In light of the current financial crisis, a young man preparing for marriage may be better off taking that money that would be used for a diamond engagement ring and using it towards a new car or a down payment on a house. A young man may be better off ...
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SIMON WATKINS: Don't count on the shopper to lead a recovery
This is Money
It must be matched by a recovery in other aspects of our economy, both services (and not justfinancial services) and manufacturing. Genuine wealth creation like this will provide the jobs and incomes that will in turn give consumers the money to spend ...
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Divided we fall
Aljazeera.net
But a global growth pact looks even more indispensable today, given the worldeconomy's structural problems and huge imbalances between production and consumption. It may seem strange to describe the greatest financial crisis since the 1930's as a ...
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Aljazeera.net
Worries caused by 9/11 extend to your wallet
Kansas City Star
To many, this triggered a debt-driven bubble in housing that imploded in a financial crisis. September 2008 saw the failure or rescue of housing giants Fannie Mae and Freddie Mac, investment banks Lehman Brothers and Merrill Lynch, mortgage lender ...
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Q+A Jose Barroso interview transcript
TVNZ
Could I start by asking you whether you accept that the European financial crisis is the greatest threat right now to the world economy? I would not put it like that, but it is certainly a problem that we have to address along with other problems. ...
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Regional markets to factor in impact of Europe debt
gulfnews.com
"Officials from the IMF (International Monetary Fund), European Union and European Central Banksuspended talks with the Greek government over a further wave of financial support. "We understand that Greece is already behind by as much as €1.2 billion ...
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Making savings a priority
Philadelphia Inquirer
To stretch the buying and saving power of your paycheck, read Liz Weston's The 10 Commandments of Money: Survive and Thrive in the New Economy. Gail MarksJarvis is a personal-financecolumnist for the Chicago Tribune. ...
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Labour's wretched lack of backbone over banks
The Guardian
Our economy is in ruins because Anglo-American leaders ignored the lessons of the 20th century and refused to treat high finance with the necessary suspicion. A confident centre-left has failed to take the field because, of course, it was not just ...
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Is it still a good time to invest in gold?
Economic Times
The rise in the price of gold reflects the lack of trust and faith investors have in governments and their central banks. As governments continue to print money, investors are forced to flee to hard currencies like gold. Gold prices will rally in the ...
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The world economy is bad, but it might just be Dave's finest hour
Daily Mail
One senior Tory MP warns: 'It is almost impossible to grasp just how serious this crisiscould become.' In these circumstances, this weekend's gathering in Marseilles of thefinance ministers of the seven largest Western economies has taken on the air ...
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Daily Mail
Protectionism at bay despite currency war fears
Moneycontrol.com
He said he feared regulators, in their zeal to protect banks in their jurisdiction, could create a home bias that would throw a wrench in the gears of global finance. Far more disturbing than the Swiss National Bank's actions, Bowers added, ...
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US Stocks Drop on Greece Concern
Bloomberg
(JPM) and Hewlett-Packard Co. decreased more than 6.9 percent on concern about a globalfinancial crisis as 27 of 30 Dow Jones Industrial Average companies retreated. McDonald's Corp. (MCD) slumped 4.6 percent as August sales trailed analysts' ...
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