The actions need to try to stabilize the European debt crisis are well recognized. But Even if measures could be implemented as soon as possible, success is not assured. However without them, the chance of a disorderly collapse is increasingly significant.
February 8th, 2012 | The Daily Reckoning | 0 comments | ContinuedAll Posts Tagged With: "eurozone"
The First Casualty of the Currency Wars
Can Australia’s currency continue its rampage while exporters burn? The currency wars have been going on quietly here at home for some time now. And going by the state of our exporters, we’re losing.
February 4th, 2012 | Nickolai Hubble | 3 comments | Continued
Currency Wars
The currency wars are heating up. On Wednesday, Federal Reserve boss Ben Bernanke promised speculators he would keep interest rates low until 2014.
January 27th, 2012 | Greg Canavan | 1 comment | Continued
The Final Countdown
Not interfering with the market’s adjustment process is simply allowing Schumpeterian “creative destruction” to operate, and cleanse the forest. But that process is anathema to well-compensated entrenched interests that suckle from the teat of the State. Banks, for example.
January 21st, 2012 | The Daily Reckoning | 1 comment | Continued
How “Adjusting for Slippage” Adds to Sovereign Debt Woes
“Adjusting for slippage” is the latest government fashion…and it is expensive. “Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year,” Bloomberg News reports, “with most facing a rise in borrowing costs.”
January 20th, 2012 | Eric J. Fry | 0 comments | Continued
Debts With Unsolvable Insolvency
Even before debt became such a big problem, real growth had already begun to disappear from the developed world. There has been none in Japan for the last 20 years…and almost no real growth in the US private sector for the last 10 years. In Europe, grosso modo, the story is similar.
January 18th, 2012 | Bill Bonner | 0 comments | Continued
The War Against the Euro
The Americans are trying to discredit the euro in order to perpetuate dollar hegemony, so goes the argument. Hmm. It’s possible. It’s also possible that all central bankers and monetary policy makers are singing from the same hymnal. Their answer to the end of the credit bubble is to try and pump it back up with currency debasement. In that case, this is a war of all against all.
January 18th, 2012 | Dan Denning | 5 comments | Continued
European Downgrades: Will There Really Be a Fallout?
On Friday, after the close of business in the stock market, S&P downgraded 9 European countries. Spain and Italy were both taken down another notch, leaving Italy with a BBB+ rating and Spain with an A. But the headline damage was done to France, whose triple-A rating got downgraded to AA+.
January 17th, 2012 | Bill Bonner | 0 comments | Continued
For the Love of Gold
Signalling a desperation for tangible wealth, customs officials arrested eight South Korean men for smuggling gold out of the country…in their rectums.
January 17th, 2012 | Dan Denning | 1 comment | Continued
Downgrade of European Financial Stability Facility Becomes a Reality
“It won’t be long before the EFSF has its own credit rating cut,” we wrote yesterday. And it wasn’t! Standard and Poor’s delivered the coup de grace yesterday. It downgraded the European Financial Stability Facility from AAA to AA+.
January 17th, 2012 | Dan Denning | 2 comments | Continued
Don’t Invest in Europe’s Debt
On December 5th 2011, S&P warned the Europeans to get their divided house in order. Almost nothing constructive or helpful to solve Europe’s debt problem has happened since then. On Friday the 13th January 2012, Standard and Poor’s cut the credit ratings of nine European countries. S&P’s biggest scalp was France.
January 16th, 2012 | Dan Denning | 0 comments | Continued
Europe’s Flawed Financial Transactions Tax (FTT)
Europe’s Financial Transactions Tax (FTT) may disincentivise financial transactions by adding to their marginal cost. But as long as the supply of credit and cheap money to the banking system remains abundant, the banks have an open invitation to speculate.
January 10th, 2012 | Dan Denning | 3 comments | Continued
6 Things Governments Might Do To You This Christmas
The break over Christmas is a pretty convenient time for politicians to spring something unexpected on you. Well, unexpected for those who don’t read the Daily Reckoning, that is.
So here is a list of things the governments of the world might unleash on you and your portfolio over the holidays:
December 24th, 2011 | Nickolai Hubble | 7 comments | Continued
Nero, Bonaparte and Hitler Walk Into an Economic Union
The latest news out of Europe is that British Prime Minister Churchill Cameron refused to surrender sovereignty to the rest of the EU. Those on the continent have tied themselves to the Euro like tree huggers saving the forest.
Shadow Banking and The Golden Pyramid
Yesterday in our article about gold’s price going down we discussed gold and the shadow banking system. Today we’ll explain how it all fits together and what it means for the markets and your investments.
December 16th, 2011 | Greg Canavan | 2 comments | Continued
