Category: Credit Crisis 2011
The analysis published under this category are as follows.
Friday, December 02, 2011
Euro Zone System Crisis Wall Street Backlash? / Politics / Credit Crisis 2011
By: Bob_Chapman
Except for the MF Global scandal Europe still stands at the forefront of world debt problems. Up until now little has been accomplished toward solving these problems and the traditional Christmas season is upon us, which stretches from December 7th, to January 10th, a period in which very little will be accomplished.
Friday, December 02, 2011
Central Banks’ Latest Move Shows Desperation / Interest-Rates / Credit Crisis 2011
By: Washingtons_Blog
The coordinated swap line bailout by the Federal Reserve, the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank- and China’s reduction of reserve requirements by .5% – shows desperation. (For background on swap lines.)
Friday, December 02, 2011
French Fried Banks Puts Central Banks in Panic Mode / Stock-Markets / Credit Crisis 2011
By: Gary_North
Ben Bernanke is in panic mode. The November 30 coordinated announcements of six central banks regarding their intervention into the currency markets was exactly that – coordinated. If you think it was coordinated by anyone other than Bernanke, you are out of touch with reality. (Test: name the heads of at least two of the other five central banks.)
Wednesday, November 30, 2011
Europe Headed for a 'Lehman Moment' Banking System Collapse / Stock-Markets / Credit Crisis 2011
By: Money_Morning
David Zeiler writes: With credit drying up across Europe we may finally see the Eurozone experience its "Lehman moment" - a replay investment banking collapse that triggered the 2008 financial crisis.
Indeed, European banks are having a harder time getting money - part of the fallout from the Eurozone debt crisis - and the resulting credit crunch could freeze business activity, cause bank runs and plunge Europe into a deep recession that would badly damage the global economy.
Read full article... Read full article...
Friday, November 25, 2011
Beginning of New Credit Crunch, Trouble Ahead for Global Economy / Economics / Credit Crisis 2011
By: LewRockwell
Economic Collapse writes: The global economy is heading for a massive amount of trouble in the months ahead. Right now we are seeing the beginning of a credit crunch that is shaping up to be very reminiscent of what we saw back in 2008. Investors and big corporations are pulling huge amounts of money out of European banks and nobody wants to lend to those banks right now. We could potentially see dozens of "Lehman Brothers moments" in Europe in 2012. Meanwhile, bond yields on sovereign debt are jumping through the roof all over Europe. That means that European nations that are already drowning in debt are going to find it much more expensive to continue funding that debt. It would be a huge understatement to say that there is "financial chaos" in Europe right now.
Thursday, November 24, 2011
Run Eurozone Banking System and Debt Markets has Started / Interest-Rates / Credit Crisis 2011
By: Mike_Shedlock
I remain in "awe" of the amazing arrogance of politicians and news writers who simply cannot take "no" for answer no matter how many times it is spelled out. The horrendous "eurobond" idea simply will not go away, even though Merkel and the German supreme court buried it long ago.
Even if Merkel was willing to give in on the idea, Finland and Austria wouldn't, and more importantly neither would the German supreme court.
Tuesday, November 22, 2011
The Financial Crisis and an Interimly Limited Nationalism / Politics / Credit Crisis 2011
By: Submissions
Mark Blair writes: Again, readers, I’m writing about a Big Picture Issue; but again, there is immediate sub-issue relevance. Again, I beg your pardon for my ignorance of your field.
There’s an old Arab proverb that goes: ‘My brother and me against my cousin; my cousin and me against the stranger.’ The proverb provides sharp insight into human relations, particularly what anthropologists call ‘reciprocity,’ which concerns the relation between kinship, trust (contracts, if you will), and the apportionment of resource.
Tuesday, November 22, 2011
Financial System Doomsday, What Happens If the Eurozone Breaks Up? / Interest-Rates / Credit Crisis 2011
By: Money_Morning
Martin Hutchinson writes:
The time has come to confront an ugly truth: The possibility that the Eurozone will break up, or rather fall apart, is growing increasingly likely.
In fact, I'd say given recent developments in Italy the probability of a breakup is as high as 40%.
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Tuesday, November 22, 2011
Perfect Storm, European Banks Heading for Chapter 11 Bankruptcy / Stock-Markets / Credit Crisis 2011
By: Mike_Shedlock
Panic is spreading says Steen Jakobsen, chief economist at Saxo Bank. Steen eyes the perfect storm including a potential "Chapter 11" call for European banks.
Via Email
Read full article... Read full article...This morning there is too much bad news.
Monday, November 21, 2011
Global Systemic Crisis: Decimation of the Western Banks / Companies / Credit Crisis 2011
By: LEAP
As anticipated by LEAP/E2020, the second half of 2011 is seeing the world continuing its unstoppable descent into global geopolitical dislocation characterized by the convergence of monetary, financial, economic, social, political and strategic crises. After 2010 and early 2011 which has seen the myth of a recovery and exit from the crisis shattered, it's now uncertainty that dominates the States’ decision-making processes just like businesses and individuals, inevitably generating increasing apprehension for the future. The context singularly lends itself: social explosions, political paralysis and / or instability, return to the global recession, fear over banks, currency war, the disappearance of more than ten trillion USD in ghost-assets in three months, widespread lasting and rising unemployment...
Friday, November 18, 2011
The Greater Context of the Crisis in Europe / Politics / Credit Crisis 2011
By: Submissions
Michelle Shocked, ‘Over the Waterfall,’ Arkansas Traveler
‘Petitio principii,’ which is in part believing whatever makes you an easy buck, is, after male libidinal drive, the most powerful force in the human condition.’
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Saturday, November 12, 2011
The Financial Crisis Coup Continues / Politics / Credit Crisis 2011
By: Andy_Sutton
Early last December, I wrote a piece entitled ‘Crisis or Coup?’ in which the anatomy of the 2008 financial crisis was analyzed in further detail and some conclusions drawn. These conclusions were drawn based on facts and actions, not opinions. It was obvious at the time that the USFed and our own government were acting not in the best interests of the people, but rather in the best interests of banks and large corporations. Crony capitalism, as it has often been called - where profits are kept and losses are written off or passed on to the ‘Plebeians’ of a particular society - ramped into high gear in the US. Remember the fact that the absurd financial structure that is in place was the ‘solution’ to a crisis, which had the fingerprints of the solution providers all over it.
Friday, November 11, 2011
World has Major Funding Gap, IMF Begs Russia and China for Money / Interest-Rates / Credit Crisis 2011
By: Mike_Shedlock
Saxo bank chief economist Steen Jakobsen pinged me with an interesting set of comments regarding Italian interest rates....
World has Major Funding GapRead full article... Read full article...
Our estimation shows that on the 2012 interest payment alone Italy now needs to find additional 10 billion EUR to pay for the rise in interest rates.
Wednesday, November 09, 2011
Taxpayers in Revolt, State Bankster System in Europe is Collapsing, Next Stop USA / Interest-Rates / Credit Crisis 2011
By: Gary_North
Think of Europe's finances as a gigantic liquor supply system. There is a system of profit-seeking taverns (commercial banks). There is a clientele (sovereign states). Finally, there is a distiller (the European Central Bank).
The governments have been on a bender like none seen in modern times, especially those governments in sunny climates, plus Ireland, which has always known how to have a party. They all ran up their tab with their bartenders at pubs throughout the continent. It looked like the party would go on forever. It didn't.
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Tuesday, November 08, 2011
U.S. Bank Lending Remains Restrictive / Interest-Rates / Credit Crisis 2011
By: Asha_Bangalore
The Fed’s Senior Loan Officer Survey shows that fewer banks eased standards on lending to large and middle-market firms (Made up of firms reporting $50 million and over in annual sales) during the third quarter compared with prior surveys (see Chart 1).
Monday, November 07, 2011
Debt Credit Crisis, Something Is About To Break / Stock-Markets / Credit Crisis 2011
By: Tony_Pallotta
When Dexia was nationalized I said the clock was now ticking. Counterparty risk was the new threat to the global economy. When confidence is gone the system simply shuts down. What does that mean though? How do you measure confidence or lack thereof?
Simply look at where cash is going. Recently released data shows a record jump in the foreign reverse repurchase agreement balance held at the Federal Reserve (first reported by Zero Hedge on November 3).
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Sunday, November 06, 2011
MF Global: $658 Million in Missing Customer Funds Maybe Found in Account at JP Morgan / Companies / Credit Crisis 2011
By: Jesse
According to Bloomberg, $658.8 Million in what could be the 'missing customer funds' were 'found' today in an account at JP Morgan.
I know how it is. Sometimes you forget to check your coat pockets and miscellaneous bank statements too. Sloppy bookkeeping. Tsk tsk. Oh well, just an honest mistake, right?
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Sunday, November 06, 2011
G20 Cannes And The End Of Money / Politics / Credit Crisis 2011
By: Andrew_McKillop
On Friday 4 November French state television channels and state radio stations were instructed to give blanket coverage to the coming "fireside chat" between US president Obama and French president Sarkozy. This was screened on one private TV channel, TF1 owned by the billionaire friend of Sarkozy, Martin Bouygues, and on one state TV channel, FR2, Friday evening.
Sunday, November 06, 2011
REAL Capitalists Move Our Money from Big Banks to Credit Unions / Politics / Credit Crisis 2011
By: Washingtons_Blog
Believe in Free Market Capitalism? Then Move Your Money!
Conservative free market entrepreneurial capitalist Karl Denninger notes:
Read full article... Read full article...If you have an account at a BANK, go move it to a CREDIT UNION.
Friday, November 04, 2011
Credit Derivatives and Leverage Sank Jon Corzine’s MF Global / Companies / Credit Crisis 2011
By: Janet_Tavakoli
“Repo to Maturity” Transactions Are in Substance Total Return Swaps, a Type of Credit Derivative.
Fallout Is Worse Than Lehman For the Exchange-Traded Futures Markets.