The cost of Greece exiting the euro would be unmanageable and probably exceed the 1 trillion euros ($1.25 trillion) previously estimated by the Institute of…
One of the biggest frauds of the past few years took place yesterday. The International Swaps and Derivatives Association (ISDA) confirmed that no “event of default” has occurred with the Greek debt restructuring, therefore no payouts on any outsta…
12/21/2011 @ 6:01PM |1,912 views
French Banks Won’t Be Able To Handle Inevitable Italian Restructuring
Despite the latest attempt by the European Central Bank to kick the proverbial can far down the road, the Eurozone remains under heavy pressure, a…
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August 8, 2011, 9:43 am
Why S.&P.’s Ratings Are Substandard and Porous
By NATE SILVER
Five years ago, if you were an investor looking for guidance on which country’…
S.&P. Warns Bank Plan Would Cause Greek Default
By DAVID JOLLY
Published: July 4, 2011
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PARIS — Greece risks being judged in default on its debt obligations if banks are forced to bear part of the pain, Standard & Poor’s said Monday, suggesting …
The U.S. government is following a course of action that is creating a zombie banking system, while it still has the choice to do otherwise, according to John Hussman. Hussman believes that, while the global economy may appear to be in a rough patch,…
Check out the chart in this very brief article….
Fund managers have become less concerned about commodity price inflation with the collapse of the market, and refocused their attention on the European sovereign debt crisis, according to the latest…
From the “duh” files.
http://www.nytimes.com/2011/04/19/business/global/19euro.html?ref=global-home
The Greeks reject a debt restructuring out of hand. The European Central Bank fears that such a move will spread financial panic. And, meanwhile, the…
2011 Financial Meltdown Fast Approaching
Submitted by James West on Mon, 17 Jan 2011
Despite the best efforts by the American mainstream financial media, the eager PR division …
Systemic coupling round-up
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Fourth, the “elsewhere” may include not only France and the UK, but also the States. Back at the beginning of the year, the staff at Naked Capitalism caught a glimpse of the massive presence of shadow banking fund…
