Category: Global Debt Crisis
The analysis published under this category are as follows.Tuesday, February 16, 2010
Global Debt Crisis Red Alert, Sell Your Stocks and Bonds / Stock-Markets / Global Debt Crisis
One year and five months ago — armed with a 92-page white paper and 59,000 petitions — we warned Congress about the grave danger of government bailouts.
To view the video of my presentation at the National Press Club, click here. To download the white paper, “Dangerous Unintended Consequences,”
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Saturday, February 13, 2010
Greece Debt Crisis a Precursor to New Era of Sovereign Risk / Economics / Global Debt Crisis
A Path-Dependent World
Between Dire and Disastrous
A National Suicide Pact
It's More than Just Greece
R.I.P., Walt Ratterman
The news is somewhat "All Greece, All the Time," but most of the pieces miss the more critical elements, and in today's letter we will look at what I think those are, as well as at the important point that Greece is a precursor of a new era of sovereign risk. Plus, we glance at a few rather silly recent comments from economists. It will make for a very interesting discussion.
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Friday, February 12, 2010
Greek, European Debt Crisis Boosts the U.S. Dollar / Economics / Global Debt Crisis
News junkies, currency buffs, and economists of an Austrian tilt have been having quite an entertaining few weeks. Between massive blizzards from Virginia to New England, another baseless Dollar rally, and the hilarious notion that a little Greek debt could unwind the Euro, there certainly has been plenty to talk about. These ‘black swan’ events are certainly becoming more and more commonplace these days; almost to the point where they can’t even be called black swans anymore. What would previously have been considered ridiculous is now normal, and what was normal is now considered ridiculous. Such is the way of things as empires unwind. Our circumstance today is no different.
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Thursday, February 11, 2010
Greece Soverign Debt Crisis, The Way Forward, if Any! / Economics / Global Debt Crisis
Morgan Stanley did quick and extensive scenario analysis along with an update of the Greece situation. Presented below are key highlights and my read.
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Thursday, February 11, 2010
Plausible Sovereign Debt Default On A Global Scale / Interest-Rates / Global Debt Crisis
In a CNBC interview on Feb. 10, Marc Faber of Gloom, Boom & Doom Report went out on a limb by stating that he is not buying any sovereign debt or bonds, because ALL governments will eventually default, including the United States.
Wednesday, February 10, 2010
Southern Europe Debt Crisis, Economies Teetering in the Brink of New Recession / Economics / Global Debt Crisis
The euro is the focus of attention these days. This is because of a fiscal crisis in Greece, and looming crises in Portugal and Spain. Italy could follow.
What is the problem? Greece is running a huge deficit in the range of 12.7% of its Gross Domestic Product. The investment world regards a deficit of this magnitude as unsustainable. There are rumors of default.
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Tuesday, February 09, 2010
What Do Rising Sovereign Debt, Credit Default Swaps Mean? / Interest-Rates / Global Debt Crisis
Rolfe Winkler argues that - in the short-run - the PIIGS countries (Portugal, Ireland, Italy, Greece and Spain) will slash their budgets and get bailed out by the EU.
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Tuesday, February 09, 2010
Stock Market Spikes Higher as Euro Zone Agrees to Rescue Greece / Economics / Global Debt Crisis
It was looking like another failed day, as the opening gap up was being sold furiously.... but about 20 minutes ago news hits that "it's official baby!" Via Reuters
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Tuesday, February 09, 2010
Euro-Zone Debt Default Risk Crisis, "UR ALL PIGS FROM HELL!” / Economics / Global Debt Crisis
Whether you’re in Central Europe, such as Ukraine or Romania, the Med countries such as Portugal, Italy, Greece, Spain, or from Hungary to the Baltic States of Estonia, Latvia or Lithuania, you all have one common problem ---The hell that is the Euro!
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Sunday, February 07, 2010
Sovereign Debt Fears Signal New Stage of Global Financial Crisis / Economics / Global Debt Crisis
Barry Grey writes: Stock markets in Europe and Asia fell sharply Friday in the second day of a near-panic selloff fueled by fears that the debt crisis facing weaker European economies will throw the world economy into a “double-dip” recession.
Commodity prices—oil and gold, in particular—also fell sharply.
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Saturday, February 06, 2010
Marc Faber Says High Inflation, Depression Then War / Economics / Global Debt Crisis
Marc Faber, author of Gloom Boom and Doom Report says many Western governments would eventually follow the US 'inevitable' debt default suit including Portugal, Ireland, Greece. Marc Faber doesnt give America much time before it goes bust and he says he will never sell his gold as governments inflate as a consquence of liabilities.
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Saturday, February 06, 2010
Solution To Greece Sovereign Debt Default Scare, Easy…Kick Them Out Of The E.U. / Economics / Global Debt Crisis
On Friday European monetary affairs commissioner Joaquin Almunia declared;
“There is no bailout and no "plan-B" for the Greek economy because there is no risk it will default on its debt”.
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Thursday, February 04, 2010
Portugal's Debt Costs Rise to 11 Month High / Interest-Rates / Global Debt Crisis
Another reason to like the dollar (v the Euro) in the near term is the realization that quite a few member states of the European Union are in a word (BLEEP)'ed! The irony is the United States is in just as bad of shape; in fact California has the same credit rating as Greece. But the world still regards the US as the safe haven - even though when you put our unfunded liabilities on the balance sheet we are in horrific shape.
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Thursday, February 04, 2010
Greece Crisis Shows Global Debt Bomb Could Explode During 2010 / Economics / Global Debt Crisis
Martin Hutchinson writes: The big story in the international markets so far in the New Year has been the increasing shakiness of a number of countries' government bonds, with Greece right now being the most troubled of all.
Since U.S. investors tend to avoid foreign government bonds, many will dismiss this as an irrelevant development.
Wednesday, February 03, 2010
Greece Part of Unfolding Global Sovereign Debt Crisis 2010 / Interest-Rates / Global Debt Crisis
I wrote about Greece in last week's letter. Then I ran across this column in the Financial Times by my friend Mohammed El-Erian, chief executive of Pimco, and someone who qualifies to be introduced as one of the smartest men on the planet. It is short and to the point. ( www.pimco.com)
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Monday, February 01, 2010
The Collapse of Sovereign Government Bonds The Next Financial Crisis Contagion / Interest-Rates / Global Debt Crisis
The next contagion is beginning to spread around the globe.
It is unexpected on Wall Street, misunderstood in Washington — and very dangerous.
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Monday, January 25, 2010
Global Economies Debt Crisis, Japan Heading for Currency Crisis / Economics / Global Debt Crisis
A lot has been written in recent months about the exploding U.S. Treasury debt and how the U.S. dollar will surely suffer as a result of it. And, there is no doubt that the debt has exploded and is projected to continue rising at a relatively rapid rate for as far as the eye can see. The relatively rapid projected increase in U.S. Treasury debt 10 years out is primarily due to the large number of baby-boomers becoming Medicare recipients and the projections of rising Medicare costs per baby-boomer.
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Saturday, January 23, 2010
Marc Faber, Debt Crisis Downgrade Risks Means Were All Doomed! / Economics / Global Debt Crisis
"When you look at the US… it's a total disaster, we're all doomed, we're doomed!" Marc Faber, author of the "Gloom, Doom and Boom Report," told CNBC Friday. Faber and Anthony Thomas from Moody's discuss the global economic outlook.
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Saturday, January 23, 2010
Global Economies Debt Crisis End Game Trend Towards Bankruptcy / Economics / Global Debt Crisis
Thoughts on the End Game
This Time is Different
Quarterly Review and Outlook
When I was at Rice University, so many decades ago, I played a lot of bridge. I was only mediocre, but enjoyed it. We had a professor, Dr. Culbertson, who was a bridge Life Master at an early age. He was single and lived in our college, playing bridge with us almost every night. He was a master of the "end game." He had an uncanny ability to seemingly force his opponents into no-win situations, understanding where the cards had to lie and taking advantage.
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Wednesday, January 20, 2010
Greece Debt Default Could Take Eurozone Down With it / Economics / Global Debt Crisis
Don Miller writes: As the European Commission holds its regular monthly meeting in Brussels this week, ministers find themselves debating what to do about the Greek debt crisis -- the biggest credibility test the Eurozone has faced since the single currency was created.
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