Category: Global Debt Crisis
The analysis published under this category are as follows.
Thursday, April 29, 2010
Greece Financial Markets and Economic Collapse Sinking Euro Zone Economy / Economics / Global Debt Crisis
By: John_Mauldin
This is a special Outside the Box. I got this letter from my good friend Greg Weldon last night and got permission to pass it on to you. I think it illustrates the problems that the world is facing from the sovereign debt crisis that is building in Europe.
Wednesday, April 28, 2010
Greece's Bill Is Now Due - And Others Will Be Next, Debt Denial and the Five Stages of Greece / Economics / Global Debt Crisis
By: Justice_Litle
The phenomenon of "debt denial" has gripped not only Greece and the eurozone, but the entire roster of rich Western nations. When the smoke finally clears, you'll want to own gold coins...
The eurozone is slowly but surely imploding under an unsustainable debt load. Greece is still center stage, but the woes will soon spread. Ultimately, Greece is the first domino in a long chain of looming debt defaults... and at the end of that chain lies the United States.
Read full article... Read full article...
Wednesday, April 28, 2010
Greece Requires Conservatorship / Politics / Global Debt Crisis
By: Axel_Merk
In our assessment, Greece should be placed into conservatorship by the European Commission. Greece’s liquidity issues have morphed into a solvency crisis. Greece’s challenges are fiscal, which requires a political solution. Therefore, Greece’s problems cannot be resolved by the European Central Bank (ECB), although ECB policy can affect the dynamics as this crisis evolves.
Read full article... Read full article...
Wednesday, April 28, 2010
Greece Driven Into Financial and Economic Crisis / Politics / Global Debt Crisis
By: Global_Research
Prof. Ingo Schmidt writes: Neoliberal order reigns in the world. Stock markets are recovering from the crash in the fall of 2008. Private banks are no longer weighed down by bad loans that were added to public deficits. The latter were rising anyways because the economic crisis had sent tax revenues on a downward slide. Add further bailout money for financial companies and fiscal stimulus and you get a veritable fiscal crisis of the state.
Tuesday, April 27, 2010
Greece Government Bond Market Panic Crash, Yields Hit 18%, Portugal Next? / Interest-Rates / Global Debt Crisis
By: Mike_Shedlock
It did not take too long for contagion to spread (one day), smack in the face of EU statements that contagion was no risk. Why the EU would put themselves in a position to look so foolish is beyond me. Here is a series of articles to consider.
Tuesday, April 27, 2010
Portugal Suffering Greek Debt Contagion / Interest-Rates / Global Debt Crisis
By: Trader_Mark
Nothing new to long time readers as we've pointed out repeatedly that the newest, and biggest bubble of them all is the government debt bubble. [Feb 5, 2010: Sovereign Risk Chart - Where Would the US Fit in, on Europe's Scale?] In a world fixated only on benefits, and could care less of the costs as long as they are borne by taxpayers, very few seem to care these days. It is now the ethos that whatever the problem, a central bank or government will throw a country's populace under the bus to "solve" it.
Tuesday, April 27, 2010
Possible Misunderstandings about Municipalities and their Bonds / Interest-Rates / Global Debt Crisis
By: Fred_Sheehan
Problems of state and municipal finance worsen. Governors announce new spending cuts at press conferences but inspire little confidence. The fury of emergency announcements leaves the listener (as well as the governors) in a daze. Research reports offer broad explanations but have left bondholders, as well as employees and local residents, unprepared for discontinuities. In other words, there will be instances when these constituencies will find themselves marched to the slaughterhouse without warning.
Tuesday, April 27, 2010
The Greek Debt Tragedy From Banks to Sovereigns Back to Banks / Interest-Rates / Global Debt Crisis
By: John_Mauldin
Back and recovering from my Strategic Investment Conference this weekend (where I decided to give myself permission not to write my usual letter, but I promise I will be back at it this next Friday!) I have spent some time pondering what we learned. It was a fabulous conference. Lacy Hunt, Dr. Gary Shilling, David Rosenberg, Niall Ferguson, Paul McCulley, George Friedman, former Fed Senior Economist Jason Cummins (who is now Chief Economist for Brevan Howard, the largest European hedge fund, and who was quite impressive), Jon Sundt of Altegris, and your humble analyst were all in top form. I must admit with a little pride that I think this is the finest speaker lineup for ANY investment conference anywhere. We were given a lot to think about.
Sunday, April 25, 2010
Greek Debt Crisis: Lehman 2.0? / Interest-Rates / Global Debt Crisis
By: Dian_L_Chu
As if Greece did not already have enough problems. The market was already jolted by the Goldman SEC case. Then, it was the cloud of volcanic ash from Iceland postponed a key meeting with European Union (EU) and International Monetary Fund (IMF) officials on aid for the country.
Friday, April 23, 2010
Greek Bond Market Crash, Greece Budget Deficit Worse Than Feared / Interest-Rates / Global Debt Crisis
By: Mike_Shedlock
With Thursday's admission that Greece's budget gap is worse than expected, CDS rates on Greek debt rose to new highs, and Greek bond crashed.
Charts follow a discussion of articles in the news.
Friday, April 23, 2010
Greece Debt Bailout Ulterior Motive? / Politics / Global Debt Crisis
By: Money_Morning
Jon D. Markman writes: Since back in December, when Fitch Ratings Inc. slashed its credit rating on Greece's debt to below investment grade for the first time in 10 years, there's been a mind-numbing flood of media coverage of that European country's debt crisis.
And yet, despite high-volume of high-level media coverage, none of the stories have picked up on a very basic - yet very key - fact...
Monday, April 19, 2010
Global Financial Maelstrom Continues, Government Policies of Insolvency / Interest-Rates / Global Debt Crisis
By: Ty_Andros
The global financial maelstrom continues to unfold as public serpents, central banks and crony capitalists continue to pour gas on the fires. It is set to continue. The collapse of FIAT paper wealth storage is unfolding with breathtaking speed. Asset bubbles continue to emerge in the emerging world and collapse in the developed world as capital FLEES. Today’s missive covers the deep insolvencies in the developed world and the definitions of solvency of Austrian Economics. The inflationary depression still lies in our futures.
Monday, April 19, 2010
Europe Sovereign Debt Crisis, British Pound Sterling Collapse? / Economics / Global Debt Crisis
By: Global_Research
Just as LEAP/E2020 anticipated many months ago, and in contrast to the reports coming out of the media and the « experts » during these past few weeks, Greece really has the Eurozone behind it to give support and credibility (especially concerning good management in the future, the only guarantee of an escape from a damnable cycle of growing public deficits (1)). There will not be, then, any Greek default of payment even if the commotion over the Greek situation really is an indication of a growing awareness that money to finance the huge Western public debt is becoming increasingly difficult to find: a situation now « untenable » as a recent report of the Bank of International Settlements underlined.
Saturday, April 17, 2010
How Greece Debt Crisis Can Impact YOU! / Economics / Global Debt Crisis
By: Bryan_Rich
The economic problems in Greece have made front page news for the better part of the past three months. And I’ve written several columns here in Money and Markets on the ongoing drama and its influence on the global currency markets.
But with all of this incessant talk about Greece, what does it have to do with you?
Read full article... Read full article...
Friday, April 16, 2010
Debt Crisis Worries Shift To Portugal; Greece Borrowing Rates Back Near Highs / Interest-Rates / Global Debt Crisis
By: Mike_Shedlock
Concern over Portugal has now hit the front page as noted by the New York Times in Debt Worries Shift to Portugal, Spurred by Rising Bond Rates
Wednesday, April 14, 2010
Greece Emergency Debt Bailout Signals New Stage in Global Economic Crisis / Economics / Global Debt Crisis
By: Global_Research
Stefan Steinberg writes: The economic crisis precipitated by the crash of Lehman Brothers in 2008 is entering a new stage, as European states hastily organise their first-ever bailout of a member of the European Union. The frantic efforts at the weekend to cobble together a European rescue package for Greece in collaboration with the International Monetary Fund came after intense pressure from rating agencies and intensified speculation by traders betting that the Greek government would default on its debt obligations.
Monday, April 12, 2010
Sovereign Debt Disaster Will Favor Hard Assets / Stock-Markets / Global Debt Crisis
By: Justice_Litle
In the event of a full-blown sovereign debt crisis, hard assets will become deeply desirable as one of the few “stores of value” left.
…all too often the size of debts, especially government debts, is hidden from investors until it comes jumping out of the woodwork after a crisis. – Prof. Ken Rogoff, Financial Times column, “Bubbles lurk in government debt”
Read full article... Read full article...
Friday, April 09, 2010
Greece Debt Crisis, Krugman Strikes Again / Economics / Global Debt Crisis
By: Peter_Schiff
In a commentary two weeks ago, I rebutted dangerously silly arguments put forward by New York Times columnist Paul Krugman about how the United States should pressure China to drop its support for the U.S. dollar (click here to view). Although there is far more happening in the world outside of Mr. Krugman's brain than within it, fresh drivel from the acclaimed Nobel Prize winner compels me to turn my focus there once again.
Wednesday, April 07, 2010
How Long Will Emerging Markets Continue to Prosper From U.S. Debt Ills? / Economics / Global Debt Crisis
By: Money_Morning
Don Miller writes: A surge in purchases of emerging market debt and a dip in buyers' appetite for U.S. Treasury bonds has sparked speculation that developing nations have become the next safe haven for bond investors. But the more likely scenario is a reversal of capital flows that will sustain Treasury debt for a little while longer.
Wednesday, April 07, 2010
Drowning in Debt Developed Economies Between Rock and a Hard Place / Economics / Global Debt Crisis
By: Puru_Saxena
The developed nations are over-extended, their debt levels are ballooning and their governments are creating copious amounts of money. Put simply, most industrialised nations are now caught between a rock and a hard place.
After years of excesses, the developed world is slowly beginning to realise that you cannot continue to live beyond your means and spend your way to prosperity.
Read full article... Read full article...