IFR-Fears of financial crisis redux unfounded as funds flow
Reuters
By Timothy Sifert NEW YORK, Aug 9 (IFR) - Slumping stocks and soaring Treasury bond prices have stirred memories of the financial crisis, but credit markets are making clear this is not 2008 all over again. It's no credit crunch: price volatility ...
See all stories on this topic »
Wall Street Rebounds After Tumultuous Trading Day
New York Times
“Taken together, and particularly since Lehman Brothers, this is the most grave crisis we have faced since World War II,” he said in an interview with Europe 1 radio in Paris, citing the “financialturbulence” that started in August 2007. ...
See all stories on this topic »
High-Grade US Bond Market Shows Some Moxie After Battering
Wall Street Journal
He noted that equity market stabilization brought on by coordinated global actions to stem the crisisof confidence in capital markets is imperative. "With a six- to 12-month time horizon, we continue to add asset rich noncyclical non-financial ...
See all stories on this topic »
Indonesia as contrary indicator
Asia Times Online
That is a stark contrast to the country's financial position 13 years ago, when the Asian financial crisis demolished Indonesia's economy, drained the national coffers and spoiled its reputation among investors. It has now leveraged into high global ...
See all stories on this topic »
Capital outflows from Asia temporary -- ADB
BusinessWorld Online
BANGKOK -- Asian financial markets are gripped by panic, but solid economic fundamentals will lure investors back to the region once the turmoil subsides, an Asian Development Bank (ADB) official said on Tuesday. "What we are observing in the last two ...
See all stories on this topic »
Traders remain positive about Philippine stock market
Inquirer.net
The local stock market, like other markets in the region, is in turn anticipating how the slowdown in the US could affect the domestic economy. “Fortunately, if you look at past history, which again goes back at the financial crisis, the Philippines ...
See all stories on this topic »
World stock markets rebound
TVNZ
Fears of a new global economic downturn, reinforced by a downgrade of the United States' credit rating last Friday and the debt crisis in the euro zone, had sent world shares down as much as 20% from May's peak. MSCI's all-country world index recovered ...
See all stories on this topic »
Deja Vu All Over Again
Huffington Post (blog)
The sovereign debt crisis that is now unfolding has been a frequent second act in many previousfinancial crashes. Eventually, government debts, financial sector debts and household debts will have to be reduced to a large extent by failure to pay some ...
See all stories on this topic »
Blue chip losses break record
The Copenhagen Post
As nervous investors fled from stocks to more secure assets, gold prices reached new highs topping $1771 per ounce and the Swiss Franc also gained on other currencies. “We don't have a repetition of the financial crisis yet, but with eleven days in a ...
See all stories on this topic »
THE DISTILLERY: Selling spree
Business Spectator
Certainly, the future of our economy, indeed ultimately our financial sector and investments as well. The US and Europe can deliver Global Financial Crisis Mk II. Which could be worse than GFC I. Or not as bad. I'll explain in a moment. ...
See all stories on this topic »
Emotion rules in crazy sharemarket
The Australian
The global financial crisis ended an era of extraordinary greed where risk was forgotten, and the shocks will linger for many years to come, compounded by a change in global economicleadership, with US power waning and China's increasing . ...
See all stories on this topic »
China Calls for Global “Supervision” of Dollar, New World Currency
The New American
With financial chaos reigning from America and Europe to Japan and China, some analysts are forecasting another major economic crisis on the horizon — potentially worse than the most recent recession. Stocks and currencies are still dropping as debt ...
See all stories on this topic »
Money manager urges calm, expects stronger economic growth to end year
Vancouver Sun
There are three primary reasons for the market swoon: 1) the US debt downgrade by S&P; 2) fears that Europe's on-going credit crisis will spread to Italy and Spain; and 3) a general concern thatglobal economic growth will slow and/or that there will ...
See all stories on this topic »
Stock Market Crash: What are the Politics Behind It?
History News Network
Finance became less transparent, less subject to public scrutiny. Principles of laissez-faire, which had been fashionable before the Great Depression, came back into vogue, but with new formulations. When the Financial Crisis Inquiry Commission ...
See all stories on this topic »
'Financial Armageddon' to hit Namibia - by Desie Heita
New Era
Global financial markets are already on the edge because of the US situation, and the economicwoes in Europe compound the uncertainty. Europe is struggling to contain the sovereign debt crisis, which has now spread to Italy, Europe's third largest ...
See all stories on this topic »
Markets fall steeply in Aust, Japan
New Zealand Herald
It was the worst day for the market since the financial crisis in the fall of 2008 and extended Wall Street's sudden, sharp decline. Stocks have lost 15 per cent of their value in just two and a half weeks. Monday was the first trading day since ...
See all stories on this topic »
Sensex, Nifty at 14-month closing lows as FIIs press heavy sales
India Infoline.com
It may, however, be noted that in the worst phase of the recent global financial crisis, the Indian economy grew by 6.8%, suggesting high resilience emerging from domestic factors, the RBI said in a statement. While downside risks to growth may have ...
See all stories on this topic »
What Economists, Columnists and Bloggers Are Saying About Economy
National Journal
Nervous companies aren't spending, nervous consumers— perhaps slammed by the fall in homecrisis, unemployment, or both—aren't spending, and the Fed doesn't have the political or financialleverage it needs to use government money to spur demand. ...
See all stories on this topic »
US economy, European debt set scene for local stock-pickers
STLtoday.com
American investors have become increasingly anxious that Europe's sovereign debt dilemma could spin out of control, causing a banking crisis that could jump the Atlantic. The European Central Bankon Monday began buying up Spanish and Italian bonds ...
See all stories on this topic »
Investing Icons Weigh In On US Credit Downgrade
Money Morning
"One consequence we can all hope for is that Congress ends the oligopoly of Nationally Recognized Statistical Ratings Agencies (NRSRO) before they contribute to or ignite another financial crisis," Miller said. As far as US economic policy ...
See all stories on this topic »
MONEY MARKETS-US T-bill demand dwindles, higher returns sought
Reuters
The $1.6 trillion tri-party repo market is a major source of cash for banks to fund trades and other short-term operations. "During the financial crisis and at the beginning of the recession there was a lot more concern about liquidity and the system ...
See all stories on this topic »
NBR Transcripts for August 8, 2011
PBS Nightly Business Report
Don't forget the two companies have depended on Uncle Sam's support for nearly three years, when they were seized during the financial crisis. Fannie and Freddie own or guarantee more than half of the nation's $11 trillion in mortgage debt. ...
See all stories on this topic »
Newspaper Briefing, including 'US Fed under pressure to add to economic ...
Proactive Investors UK
This is the third time since the eruption of the global economic crisis in 2008 that Greece has prevented short-term bets against its stocks as the debt-laden country struggles to avoid default. Newspaper Summary watched surveys of the UK‟s faltering ...
See all stories on this topic »
Reuters
By Timothy Sifert NEW YORK, Aug 9 (IFR) - Slumping stocks and soaring Treasury bond prices have stirred memories of the financial crisis, but credit markets are making clear this is not 2008 all over again. It's no credit crunch: price volatility ...
See all stories on this topic »
Wall Street Rebounds After Tumultuous Trading Day
New York Times
“Taken together, and particularly since Lehman Brothers, this is the most grave crisis we have faced since World War II,” he said in an interview with Europe 1 radio in Paris, citing the “financialturbulence” that started in August 2007. ...
See all stories on this topic »
High-Grade US Bond Market Shows Some Moxie After Battering
Wall Street Journal
He noted that equity market stabilization brought on by coordinated global actions to stem the crisisof confidence in capital markets is imperative. "With a six- to 12-month time horizon, we continue to add asset rich noncyclical non-financial ...
See all stories on this topic »
Indonesia as contrary indicator
Asia Times Online
That is a stark contrast to the country's financial position 13 years ago, when the Asian financial crisis demolished Indonesia's economy, drained the national coffers and spoiled its reputation among investors. It has now leveraged into high global ...
See all stories on this topic »
Capital outflows from Asia temporary -- ADB
BusinessWorld Online
BANGKOK -- Asian financial markets are gripped by panic, but solid economic fundamentals will lure investors back to the region once the turmoil subsides, an Asian Development Bank (ADB) official said on Tuesday. "What we are observing in the last two ...
See all stories on this topic »
Asia to keep buying US debt despite downgrade The Associated Press It noted that securities that were given AAA ratings by S&P and other ratings agencies turned out to be toxic and "caused substantial losses" as the 2008 global financial crisis unfolded. "This shows their credibility is dubious," the bank said in a ... See all stories on this topic » | The Associated Press |
Traders remain positive about Philippine stock market
Inquirer.net
The local stock market, like other markets in the region, is in turn anticipating how the slowdown in the US could affect the domestic economy. “Fortunately, if you look at past history, which again goes back at the financial crisis, the Philippines ...
See all stories on this topic »
World stock markets rebound
TVNZ
Fears of a new global economic downturn, reinforced by a downgrade of the United States' credit rating last Friday and the debt crisis in the euro zone, had sent world shares down as much as 20% from May's peak. MSCI's all-country world index recovered ...
See all stories on this topic »
It's not Lehman again; but world will have to shuffle its money Firstpost (blog) The philosopher Ralph Emerson once said: commit a crime and the world is made of glass. We can extend this in the light of Lehman and the US downgrade to say: Have afinancial crisis, and the world is made of glass. See all stories on this topic » | Firstpost (blog) |
Deja Vu All Over Again
Huffington Post (blog)
The sovereign debt crisis that is now unfolding has been a frequent second act in many previousfinancial crashes. Eventually, government debts, financial sector debts and household debts will have to be reduced to a large extent by failure to pay some ...
See all stories on this topic »
Blue chip losses break record
The Copenhagen Post
As nervous investors fled from stocks to more secure assets, gold prices reached new highs topping $1771 per ounce and the Swiss Franc also gained on other currencies. “We don't have a repetition of the financial crisis yet, but with eleven days in a ...
See all stories on this topic »
THE DISTILLERY: Selling spree
Business Spectator
Certainly, the future of our economy, indeed ultimately our financial sector and investments as well. The US and Europe can deliver Global Financial Crisis Mk II. Which could be worse than GFC I. Or not as bad. I'll explain in a moment. ...
See all stories on this topic »
Emotion rules in crazy sharemarket
The Australian
The global financial crisis ended an era of extraordinary greed where risk was forgotten, and the shocks will linger for many years to come, compounded by a change in global economicleadership, with US power waning and China's increasing . ...
See all stories on this topic »
China Calls for Global “Supervision” of Dollar, New World Currency
The New American
With financial chaos reigning from America and Europe to Japan and China, some analysts are forecasting another major economic crisis on the horizon — potentially worse than the most recent recession. Stocks and currencies are still dropping as debt ...
See all stories on this topic »
Money manager urges calm, expects stronger economic growth to end year
Vancouver Sun
There are three primary reasons for the market swoon: 1) the US debt downgrade by S&P; 2) fears that Europe's on-going credit crisis will spread to Italy and Spain; and 3) a general concern thatglobal economic growth will slow and/or that there will ...
See all stories on this topic »
Stock Market Crash: What are the Politics Behind It?
History News Network
Finance became less transparent, less subject to public scrutiny. Principles of laissez-faire, which had been fashionable before the Great Depression, came back into vogue, but with new formulations. When the Financial Crisis Inquiry Commission ...
See all stories on this topic »
'Financial Armageddon' to hit Namibia - by Desie Heita
New Era
Global financial markets are already on the edge because of the US situation, and the economicwoes in Europe compound the uncertainty. Europe is struggling to contain the sovereign debt crisis, which has now spread to Italy, Europe's third largest ...
See all stories on this topic »
Markets fall steeply in Aust, Japan
New Zealand Herald
It was the worst day for the market since the financial crisis in the fall of 2008 and extended Wall Street's sudden, sharp decline. Stocks have lost 15 per cent of their value in just two and a half weeks. Monday was the first trading day since ...
See all stories on this topic »
Sensex, Nifty at 14-month closing lows as FIIs press heavy sales
India Infoline.com
It may, however, be noted that in the worst phase of the recent global financial crisis, the Indian economy grew by 6.8%, suggesting high resilience emerging from domestic factors, the RBI said in a statement. While downside risks to growth may have ...
See all stories on this topic »
US and European stocks rebounded Tuesday from biggest plunge since 2008 FinFacts Ireland These include an announced bus tour through the Midwest to address the jobs situation—when the crisis is not one of communications but a lack of US and globaldemand for what Americans can make -- and his failure to personally address the S&P... See all stories on this topic » | FinFacts Ireland |
What Economists, Columnists and Bloggers Are Saying About Economy
National Journal
Nervous companies aren't spending, nervous consumers— perhaps slammed by the fall in homecrisis, unemployment, or both—aren't spending, and the Fed doesn't have the political or financialleverage it needs to use government money to spur demand. ...
See all stories on this topic »
US economy, European debt set scene for local stock-pickers
STLtoday.com
American investors have become increasingly anxious that Europe's sovereign debt dilemma could spin out of control, causing a banking crisis that could jump the Atlantic. The European Central Bankon Monday began buying up Spanish and Italian bonds ...
See all stories on this topic »
Investing Icons Weigh In On US Credit Downgrade
Money Morning
"One consequence we can all hope for is that Congress ends the oligopoly of Nationally Recognized Statistical Ratings Agencies (NRSRO) before they contribute to or ignite another financial crisis," Miller said. As far as US economic policy ...
See all stories on this topic »
MONEY MARKETS-US T-bill demand dwindles, higher returns sought
Reuters
The $1.6 trillion tri-party repo market is a major source of cash for banks to fund trades and other short-term operations. "During the financial crisis and at the beginning of the recession there was a lot more concern about liquidity and the system ...
See all stories on this topic »
NBR Transcripts for August 8, 2011
PBS Nightly Business Report
Don't forget the two companies have depended on Uncle Sam's support for nearly three years, when they were seized during the financial crisis. Fannie and Freddie own or guarantee more than half of the nation's $11 trillion in mortgage debt. ...
See all stories on this topic »
Newspaper Briefing, including 'US Fed under pressure to add to economic ...
Proactive Investors UK
This is the third time since the eruption of the global economic crisis in 2008 that Greece has prevented short-term bets against its stocks as the debt-laden country struggles to avoid default. Newspaper Summary watched surveys of the UK‟s faltering ...
See all stories on this topic »