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Posts related to ‘Austerity’

Cyprus Goes to the Eurozone Well

Posted: June 25, 2012 at 1:16 pm

The government of Cyprus has requested a bailout from other members of the Eurozone through the European Financial Stability Fund (EFSF) or the European Stability Mechanism (ESM) which together have ...
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Spain, Overwhelmed by Problems, Downgraded by Moody’s

Posted: June 13, 2012 at 6:41 pm

Already crippled by serial downgrades of its sovereign paper, an unemployment rate of 25%, a national economy that has slipped into its second recession in five years, and a sullen ...
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Spanish Bailout Hardly Makes A Dent (EWP, STD, BBVA, NBG, TEF, CHU)

Posted: June 11, 2012 at 10:02 am

When this weekend's announcement came out of a $125 billion bailout for Spain to prop up its troubled banks, most would have just assumed that this meant the 'risk-on' trade ...
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No QE3 Commitment From Ben Bernanke

Posted: June 7, 2012 at 10:11 am

Federal Reserve Chairman Ben Bernanke is testifying before the Joint Economic Committee at Congress today and Mr. Bernanke is not exactly committing to any further quantitative easing or QE3.  He ...
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Big Banks Rising Again on Belief in More Central Bank Action (BAC, C, GS, JPM, MS, WFC, AIG, AXP)

Posted: June 6, 2012 at 1:30 pm

The country’s largest financial institutions are having another good day today, despite the announcement by the European Central Bank (ECB) early this morning that it would not be lowering interest ...
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When Central Banks Tell You To Buy Gold & Silver Again (GLD, SLV, SLW, GDX, KGC, FXE)

Posted: June 6, 2012 at 9:57 am

Gold and silver are finally acting in the manner they should be again.  For months and months, gold (and silver as a more speculative gold trade) investors and speculators were ...
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Spain Pleads for Help

Posted: June 5, 2012 at 12:49 pm

The continuing difficulty that Spain faces in persuading investors to buy the country’s sovereign debt got a little worse today. Treasury Minister Cristobal Montoro told a Spanish radio station that ...
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PIMCO’s Bill Gross Warns Of Too Much Risk With Too Low Yields in Bonds

Posted: May 31, 2012 at 2:49 pm

Bill Gross is the de facto Bond King.  Running a giant institution like PIMCO give you quite some power.  Gross makes monthly outlooks and his June report is not offering ...
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The Student Debt Plague Soon To Hit $1 Trillion

Posted: May 31, 2012 at 12:48 pm

Have you heard of students in law school and medical school racking up over $100,000 (or much more) in school loan debt?  It is now not that uncommon for students ...
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After CFO Departure… How Long Can MEMC Survive?

Posted: May 17, 2012 at 12:24 pm

MEMC Electronic Materials Inc. (NYSE: WFR) is at a point where a turnaround analysis and a valuation analysis just no longer matter.  Having fallen from over $90.00 per share, the ...
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Moody’s Downgrades Italy’s Banks, More Downgrades To Follow

Posted: May 14, 2012 at 5:02 pm

Moody's is taking aim at the PIIGS all over again.  This time the company is firing off at the Italian banks rather than the Spanish, Portuguese, or the Greek banks.  ...
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Merkel, Greece Showdown on Tap

Posted: May 10, 2012 at 8:44 am

German chancellor Angela Merkel has made it abundantly clear that Germany has no interest in renegotiating the austerity plan that the Eurozone agreed to with Greece. And while it may ...
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EU Threatens to Withhold Payment to Greece

Posted: May 9, 2012 at 12:58 pm

Some Eurozone officials are reported to be considering delaying tomorrow’s scheduled €5.2 billion payment to Greece that is part of the €130 billion bailout package sealed by the EU, the ...
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Bonds Sound Recession Warning, Of Sorts (TLT, JNK, AMJ, XLF, FAS)

Posted: May 9, 2012 at 12:13 pm

So, just two weeks ago it looked as though "Sell in May and go away!" was not going to be as strong of a theme in 2012 compared to 2011 ...
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IMF Chief Calls Austerity v. Stimulus “False Debate”

Posted: May 7, 2012 at 1:33 pm

The managing director of the International Monetary Fund, Christine Lagarde, in a speech today said that the two prevailing views of how to repair the faltering global economy is neither ...
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