Spain is expected to strong-arm its banks into buying more government debt in exchange for aid, after Madrid was forced to borrow up to €100bn…
Italy ‘will not need a bailout’, says Monti (via AFP) Real Time Tax Data Hot Like the WeatherLEE ADLER 1 – LIQUIDITY TRADER- MONEY TRENDS JULY 6,…
…On Monday, as concern grew about Italy’s prospects, investors were dumping Italian government bonds, causing the price to fall and the yield — a measure…
Germany is beginning to take on board Spain’s idea that a bailout for the Spanish banking system should not be on the same onerous terms…
The market seems to be pricing in an orderly Greek default or a successful “firewall” around the potential instability. Are the unknowns really all known?
The equities market is acting like we know Greece’s default will be orderly and no threat …
Karl Rove’s Crossroads GPS group has launched the first attack ad against Elizabeth Warren, presumably because she is now running hard for the Senate in Massachusetts. This ad is not a big surprise, but the line that Mr. Rove takes could well bac…
Europe Might Have Blown Last Chance to End Its Crisis: View
By the Editors Oct 30, 2011 7:00 PM ET 26
After an initial bounce, markets demonstrated a lack of confidence in Europe’s resolve to protect solvent governments from the financial malaise a…
Oct 29, 2011
The men without qualities
By Chan Akya
By far the biggest problem is the one involving the European Financial Stability Fund (EFSF), where the promise had been to increase its size from 440 billion euros (US$606 billion) to over 1 tri…
Standard & Poor’s downgrade of the US debt rating and increased tension in the Eurozone debt crisis have significantly increased downside risks and the probability of a bigger market correction in the near term. The downgrade, while not unexpected and …
In the wake of the Great Recession, Americans are increasingly pessimistic about their own finances and their children’s prospects for economic advancement. And while most believe the government should continue to promote upward mobility, there i…
