Category: Global Debt Crisis
The analysis published under this category are as follows.
Friday, January 14, 2011
Europe's Tragic Debt Crisis / Interest-Rates / Global Debt Crisis
By: David_Howden
At the root of the current crisis in Europe are the actions of the European Central Bank. As Philipp Bagus explains in his new book, The Tragedy of the Euro, only a realization of the true costs the euro has imposed on the continent in the past can shed light on the path to future recovery.
European member states, the European Central Bank (ECB), and the International Monetary Fund (IMF) have pledged upward of €200 billion in bailout funds to prevent the turmoil from spreading. This is a large funding drain on an already-dangerous EU fiscal situation.
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Friday, January 14, 2011
European Debt Dominoes Continue Top Tip! Immediate Steps to Avoid Losses … / Interest-Rates / Global Debt Crisis
By: Mike_Larson
Do you remember Baghdad Bob from Gulf War II? He was the Iraqi minister of information who kept pledging that the U.S. was being routed and our troops were nowhere near Baghdad … even as they were marching through the streets. The colorful denials made for great entertainment.
Now the same theatre of the absurd process is playing out in many of Europe’s major capitals.
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Tuesday, January 11, 2011
Spot The Debt Bubbles, Ruling Elite Bankers Bankrupting Entire Nations / Interest-Rates / Global Debt Crisis
By: Puru_Saxena
BIG PICTURE – Let the truth be known, the world is being held hostage by powerful bankers. Thanks to the fiat-money fractional reserve system, bankers have become the ruling elite and as a result, entire nations are going bust.
Monday, January 10, 2011
Brazil Accuses US, China of Currency Manipulation, Looming Trade War / Interest-Rates / Global Debt Crisis
By: Mike_Shedlock
Here are a few of the many stories I am following: The risk of trade wars escalates as Brazil accuses the United States and China of currency manipulation. In turn, the IMF is upset at Brazil for imposing capital controls. In Belgium, the king wants to end the "unprecedented hell" that has left Belgium without a government for 211 days smack in the midst of a budget crisis. China is set for multiple rounds of credit tightening even though China's growth is weakening. Interest rates in Portugal and Spain suggest more bailouts coming up. Ireland is pondering the Iceland Solution and that has the IMF more than a bit upset.
Sunday, January 09, 2011
Italy The Invisible Elephant in Europe's Escalating Sovereign Debt Crisis / Interest-Rates / Global Debt Crisis
By: Mike_Shedlock
In regards to the escalating sovereign debt crisis in Europe, most eyes have been focused on Greece, Ireland, Spain, and Portugal, the so-called PIGS.
Thursday, January 06, 2011
Spanish and Portuguese Bonds Hit Hard on Sovereign Debt Financing Concerns / Interest-Rates / Global Debt Crisis
By: Mike_Shedlock
Portuguese and Spanish 10-year bonds are getting smacked hard as refinancing needs mount. Greek yields are at all-time highs and a milder (for now) selloff continues on Belgian and Italian bonds as well. A flight to safety on German bonds is again in play, with German 10-year yields dropping slightly. The Euro once again flirts with December and Mid-September lows.
Friday, December 24, 2010
Global Economic Crisis Triggers Debt Driven Suicides in India / Politics / Global Debt Crisis
By: Global_Research
Kavaljit Singh writes: The recent suicides by over 60 poor borrowers in the Indian state of Andhra Pradesh have brought the operations of microfinance institutions (MFIs) under public scrutiny. It is well documented by both print and electronic media that these debt-driven suicides were due to coercive methods of loan recovery used by commercial MFIs. The commercial MFIs operate as profit-making non-banking financial corporations (NBFCs) in India.
Wednesday, December 22, 2010
Spotlight on European Government Bonds; Current State of the Sovereign Debt Crisis / Interest-Rates / Global Debt Crisis
By: Mike_Shedlock
Here are a few charts that show the current state of tension in regards to the European sovereign debt crisis. The charts also show why E-Bonds, the wet dream of Jean-Claude Juncker, is not going to happen.
Jean-Claude Juncker is President of the Euro Group and Prime Minister of Luxembourg (not to be confused with Jean-Claude Trichet, President of the ECB). Junker's plan, supported by the IMF is to combine the bonds of all the Eurozone countries into one entity, with a statement that E-bonds would end the crisis.
Sunday, December 19, 2010
U.S. Economy Muddling Through, More Crises, More Global Risk Aversion Ahead / Interest-Rates / Global Debt Crisis
By: Bryan_Rich
For the better part of 2009 and for the second half of 2010, the world’s focus has been on how dreadful things look in the U.S. and how great the opportunities are said to be everywhere else.
But despite all of the anti-dollar and anti-U.S. policy sentiment that has proliferated around the world, apparently the financial markets haven’t felt the same way!
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Saturday, December 18, 2010
Europe Kicking the Debt Crisis Can Down the Road / Economics / Global Debt Crisis
By: John_Mauldin
Different Cans for Different Folks
More Debt is NOT the Solution to Too Much Debt
Et Tu, Belgium?
How often did we as young kids go down the street kicking a can? "Kicking the can down the road" is a universally understood metaphor that has come to mean not dealing with the problem but putting a band-aid on it, knowing we will have to deal with something maybe even worse in the future.
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Saturday, December 18, 2010
Why Government is More Afraid of Debt than Economic Depression / Economics / Global Debt Crisis
By: Videos
Michael Hudson: Deficit Hawks Want a One Two Punch Against the Economy.
Friday, December 17, 2010
Western Public Debt Bubble Explodes Sending Financial Shock Waves Across Europe and America / Economics / Global Debt Crisis
By: Global_Research
GEAB writes: The second half of 2011 will mark the point in time when all the world’s financial operators will finally understand that the West will not repay in full a significant portion of the loans advanced over the last two decades. For LEAP/E2020 it is, in effect, around October 2011, due to the plunge of a large number of US cities and states into an inextricable financial situation following the end of the federal funding of their deficits, whilst Europe will face a very significant debt refinancing requirement
Friday, December 17, 2010
European Nanny State Blames Germany for Debt Crisis / Politics / Global Debt Crisis
By: Mike_Shedlock
In Europe, a big finger-pointing escapade is is full swing. Those looking for scapegoats for what ails the Eurozone have found a convenient target in German Chancellor Angela Merkel for refusing to cooperate in resolving the European sovereign debt crisis. Merkel is accused of anything and everything including being "extraordinarily lazy" as well as for "taking Germany to the brink".
Thursday, December 16, 2010
EU Agrees to Disagree on Debt Crisis until 2013 Whilst Greece Smoldwers in Riots and Firebombs / Politics / Global Debt Crisis
By: Mike_Shedlock
Pretty speeches regarding solidarity will not solve the European debt crisis. Yet, as Greece smolders in riots and firebombs over various austerity measures, pretty speeches, untenable pledges regarding haircuts, and continual bickering remain the only action items of note coming from Europe.
Wednesday, December 15, 2010
How to Escape the Global Debt Trap and Make a Fortune / Economics / Global Debt Crisis
By: Claus_Vogt
We have just released our new book, The Global Debt Trap: How to Escape the Danger and Build a Fortune, which we think is timed perfectly for the events now swirling around us.
And as our way of thanking you for your interest as reader, we are giving you the first sections right here in this issue …
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Saturday, December 11, 2010
European Monetary System Crisis, Euro Zone on the Edge of Collapse / Interest-Rates / Global Debt Crisis
By: Bob_Chapman
Believe it or not the euro zone and European Union crisis is still in the formative stages.
The bailout packages arranged for Greece and Ireland are not to bail out those two countries, but to bail out the European banks that lent to them and bought their bonds when it was imprudent to do so. They knew, because they control the governments that the public of the solvent governments would bail them out. Thus, the governments of Ireland and Greece with Portugal and Spain to follow will be showered with an Anglo-American style bailout.
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Wednesday, December 08, 2010
Debt Bubble Chronicles, Here’s Europes “Lehman Event” / Economics / Global Debt Crisis
By: Graham_Summers
Earlier this year, I noted that the European debt crisis was mimicking the US’s 2008 banking crisis almost to a T. Greece was the “Bear Stearns” issue: a minor player that was swallowed up in the drive to maintain the appearance of stability.
Then came the $1 trillion bailout, the equivalent of the Fannie/ Freddie “blank check”: a massive sum of money thrown at a problem meant to convey the illusion that the powers that be have everything under control and that systemic risk is non-existent.
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Monday, December 06, 2010
Global Sovereign Debt Default Bankruptcy Bailout and Contagion Risk Analysis / News_Letter / Global Debt Crisis
By: NewsLetter
The Market Oracle NewsletterNov 30th, 2010 Issue #64 Vol. 4
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Saturday, December 04, 2010
Whither Portugal, How Did they Go Bankrupt and Why Ireland is Like Texas / Interest-Rates / Global Debt Crisis
By: John_Mauldin
Ten Little Indians
Whither Portugal?
How Did You Go Bankrupt?
Why Ireland Is Like Texas
Why is it that the Irish must take upon themselves the debts of their banks, which in reality are debts owed to German and French banks? Why should the Germans bail out the Greeks and the Spanish? Is the spread of "contagion" starting to taint the debt of Italy and even Belgium, the home of the EU? This week we look over the pond (of the Atlantic) and wonder how all these things will end. As I noted last week, we are getting a string of not so bad news out of the US, so now there are really just two things in the short term to worry about (at least in terms of a positive US GDP): will Congress extend the Bush tax cuts and will Europe sort itself out?
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Friday, December 03, 2010
Economic Ruination in Three Words or Less / Interest-Rates / Global Debt Crisis
By: Richard_Daughty
If you want some bad news, then Doug Noland, in his Credit Bubble Bulletin at PrudentBear.com, has some for you. He reports that that "Global yields are on the rise."
I was going to make a complimentary comment about how cleverly Mr. Noland conveyed such bad news in only five words; "Global yields are on the rise."
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