By Marshall Auerback Nearly one Spaniard in four is unemployed, according to data released on Friday, as the country’s economic and financial predicament prompted a government minister to talk of a “crisis of enormous proportions”.The data from the National Statistics … Continue reading →
Sydney Morning HeraldOne in four without a job in SpainSydney Morning HeraldSPANISH leaders have warned that their country is mired in a ''crisis of huge proportions'' as the government reels from the latest downgrade of its credit rati…
Despite all of its best hopes, Wall Street will never escape what’s happening in the Eurozone. The 1 trillion euro ($1.3 trillion) slush fund created to keep the chaos at bay is not big enough. And it never was.
Is the operative phrase here “priced to perfection”?
With everything from stocks and bonds to ‘roo bellies rising as one trade, it may be a good time to ask: what’s priced into the market’s uptrend? We say “bad news is priced in” when negativ…
By Stephanie KeltonThe International Labor Office (ILO) has just released asobering report on the growing crisis in worldlabor markets. We began the year with 1.1billion people – one out of every three people in the global laborforce&…
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…
Yields on short-term peripheral sovereign bonds are plunging, despite the fact that EU leaders appeared to make little progress at their highly-anticipated summit last week.
Pundits continue to expound on the flaws of the eurozone but markets are tel…
Sunday, December 11, 2011
Wolfgang Münchau: “The crisis goes on”
by CalculatedRisk on 12/11/2011 06:18:00 PM
From Wolfgang Münchau at the Financial Times: Snags, diversions – and the crisis goes on
Remember what everybody said a week ago? To s…
Markets prepare for turmoil over fears of new European credit crunch
Doubts over legal basis of EU ‘fiscal compact’ and warning of fresh slump leave markets unsettled
David Gow
guardian.co.uk, Sunday 11 December 2011 15.29 EST
A warning that Europe …
That way you won’t hear that train heading for you.
http://www.telegraph.co.uk/finance/financialcrisis/8947470/Eurozone-banking-system-
on-the-edge-of-collapse.html