Category Archives: Bond Markets

Markets eye 4 horsemen of Obama’s second term

  Election Night balloons deflate quickly; huge deficits do not   CHICAGO (MarketWatch) — Whether you exhaled or gasped over the presidential election’s result, there’s no denying what comes next: a deficit and budget slugfest that will play out against a vulnerable U.S. economic recovery and Europe’s own debt mop-up. That means if you believe [...]

Posted in 2012 Presidential Race, Barack Obama, Bond Markets, Credit Markets, Economy, Euro Zone, Europe, Global Markets, John Boehner, Solid Principles, U.S. Stock Market, Wall Street Journal | Tagged as: ,

European banks see debt threat in U.S. as well as at home

  The deadlock in Washington over how to avoid a government default increasingly threatens to strike another blow to Europe’s ailing financial system because of the tremendous sum of Treasury bonds and other U.S. debt held by banks across the Atlantic. If the United States defaults and its top-notch credit rating is downgraded, European banks [...]

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Is Obama More Concerned Over Greece’s Debt Than America?

Greece Protesters Debt Riots 2010 President Barack Obama on Tuesday urged European countries and bondholders to prevent a “disastrous” default by Greece and pledged U.S. support to help tackle the country’s debt crisis. Obama, whose political prospects have suffered from persistently high unemployment and ballooning U.S. debt, has pinpointed the euro zone crisis as one [...]

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Obama & Co., Growing Up Fast

By:  Victor Davis Hanson National Review Obama and his EU counterparts are learning that high-minded adolescence makes for bad governance. But it’s an expensive lesson. Old laws predicated on human nature cannot so easily be discarded — even by utopians who think they have the power to cool the planet and stop the rising seas. [...]

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Political Cartoons: Financial “Reform”

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Posted in Banks, Bond Markets, Business, Credit Markets, Economy, Financial Reform, Political Cartoons, Solid Principles, Wall Street | Leave a comment

Politico Breaking News

POLITICO Breaking News: Lawmakers reached a final deal on a Wall Street reform bill early Friday morning after Sen. Blanche Lincoln (D-Ark.) agreed to a compromise with House Democrats on her derivatives regulation bill – clearing the way for the broadest rewrite of the nation’s financial regulations since the Great Depression. The legislation would create [...]

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It’s Quiet Out There, Too Quiet

By: Matt Phillips A fragile calm pervades the markets Wednesday morning. But for the moment, the deterioration in the credit markets we’ve seen recently is slowing. Three month U.S. dollar Libor — that’s that key benchmark rate at which banks lend to each other — rose yet again, but not by much. The rate hit 0.53781% [...]

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Greek strikers march on parliament against cuts

ATHENS, May 20 (Reuters) – Thousands of striking Greeks marched on parliament on Thursday, in a test of the government’s resolve to implement tough austerity measures demanded by the EU and IMF to drag Greece out of its debt crisis. The strength of the march will indicate whether anger against the government’s wage cuts, tax [...]

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German Ban Weighs on Stock Futures

By:  STEVE GOLDSTEIN U.S. stock futures dropped Wednesday, the first day of the hastily drawn-up German short-sale ban, which served to reinforce rather than dispel worries over the health of European governments and the lenders that possess their debt. More than two hours before the start of trading, Dow Jones Industrial Average futures were 68 [...]

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Brazil Stocks Decline Early Tracking Worries Abroad

By Gerald Jeffris: Of DOW JONES NEWSWIRES BRASILIA (Dow Jones)– Brazil’s Bovespa stock index extended recent declines in early trading Friday as the local market followed trends abroad spurred by continued concerns over fallout from fiscal woes in Europe. As of 1345 GMT, the main Sao Paulo stocks index declined 1.8% to 63,569 points after [...]

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