10 Updates

Can we have the euro area crisis and its elevated bond yields back, please?

Source: Peterson Institute, Nov 21 2012, 2:06pm CST

In the absence of acute market pressure, euro area leaders like Prime Minister Mariano Rajoy of Spain are sitting on their hands rather than opting for stability and applying for aid from the European Stability Mec ...

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Update
10

3 hours ago

Four Signs That We're Back in Dangerous Bubble Territory

Source: Chris Martenson  |   May 21 2013, 6:09pm CDT

As the global equity and bond markets grind ever higher, abundant signs exist that we are once again living through an asset bubble – or rather a whole series of bubbles in a variety of markets. This makes this period quite interesting, but ...

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Update
9

4 hours ago

Greek PM invites China to 'join Greece's success story'

Source: Diggin' It   |   May 21 2013, 4:44pm CDT

Officials in Brussels and Washington may view China’s global shopping spree with alarm, as the Asian power house continues to buy up companies, sovereign debt, ports, and bridges around the world. But the ...

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Update
8

5 hours ago

From Here to Eternity: The Outlook for Fiscal Adjustment in Advanced Economies

Source: Peterson Institute  |   May 21 2013, 3:27pm CDT

Carlo Cottarelli, director of the International Monetary Fund's (IMF) Fiscal Affairs Department, addressed the topic "From Here to Eternity: The Outlook for Fiscal Adjustment in Advanced Economies," on May 20, 2013. His remar ...

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Update
7

10 hours ago

Lloyd Blankfein is wrong about Europe

Source: Fortune  |   May 21 2013, 10:46am CDT

Lloyd Blankfein FORTUNE -- In an interview published last Saturday in the German national newspaper Welt am Sonntag (World on Sunday), Goldman Sachs CEO Lloyd Blankfein declared that the risk of a euro breakup has faded in the past year. Blankfein ...

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Update
6

11 hours ago

Swiss c.bank should use any franc weakness to unwind intervention -IMF

Source: Reuters Mobile  |   May 21 2013, 9:21am CDT

* SNB could unwind forex positions amid franc weakness * IMF report compiled earlier in May, before franc slide ZURICH May 21 (Reuters) - The Swiss National Bank should use any weakness in the franc to unwind the large foreign ...

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Update
5

12 hours ago

Swiss SNB Must Stick To EUR/CHF Floor for Now, IMF Says

Source: FOX Business  |   May 21 2013, 9:14am CDT

The Swiss National Bank must maintain its policy of defending its exchange-rate floor as the country is still battling with deflation and fresh safe-haven inflows could again push the Swiss franc higher, reinforcing that trend and putting ...

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Update
4

12 hours ago

Pakistan's new government must put development before debt repayment | Nick Dearden

Source: Guardian Unlimited  |   May 21 2013, 8:16am CDT

While the pummelling of northern Pakistan by unmanned US drones continues to fan the flames of extremism, the debt crisis provides the public with further evidence that their lives are expendable. In a country where 50 million people live below the ...

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Update
3

13 hours ago

European Union and its future

Source: Silicon India  |   May 21 2013, 7:19am CDT

The euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar. As of March 2013, with almost €920 billion in circulation, the euro has the highest c ...

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Update
2

14 hours ago

Serbia sells 10 billion dinars in t-bills at lower yields

Source: Westlaw Business Currents  |   May 21 2013, 6:48am CDT

BELGRADE, May 21 (Reuters) - Serbia sold 10 billion dinars ($116 million) of 53-week treasury bills to the local market on Tuesday, more than double the original offer and at lower yields than a month ago, the finance ministry said. Serbia, a Eur ...

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Update
1

15 hours ago

Yanis Varoufakis: Monetising the… ECB: The latest insult to be added to Greece’s multiplying injuries

Source: Naked Capitalism  |   May 21 2013, 5:25am CDT

By Yanis Varoufakis, a professor of economics at the University of Athens. Cross-posted from his blog. Last week another installment of the cruel theatre of the absurd, also known as the ‘Greek Rescue’ (and more recently re-released as ‘Greece’s su ...

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