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Aug 2, US-living on borrow time from debt disaster
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A year after and everyone, world over is awaiting for Greece June 17 Election result.
http://topics.nytimes.com/top/news/international/countriesandterritories/greece/index.html
Greece went on a debt binge that came crashing to an end in late 2009, provoking an economic crisis that has decimated the country’s economy, brought down a government, unleashed increasing social unrest and threatened both Europe’s recovery and the future of the euro.
teeth53 thot:
Market direction is still glooming and not doom.
teeth53 ( Date: 22-May-2011 12:28) Posted:
teeth53 thot: Market direction is still glooming and not doom. More than a year after Greece received a 110 billion euro (S$193 billion) aid package to stem the spread of the regional's sovereign crisis. Greece, the nation's debt is still rising, borrowing cost are near record levels.
Greece as a nation is mulling on risks sovereign default of S$193 billion dollars on it loan.
P.I.G. (Portugal, Ireland and Greece) is shunned by investors as cost to borrowing soar to new record .
Fitch Ratings slashed Greece's credit ratings by three notches to B+, diving deep into the speculative investment range, due to the massive challenges of correcting the country's debt. It rating was based on the expectation that EU and IMF would provide sufficient new bailout aid to Athens that there would be no extension of repayment deadlines on Greek govt bonds.
http://topics.nytimes.com/top/news/international/countriesandterritories/greece/index.html
almost a year after the bailout, the Greek economy continued to sag under 340 billion euros in debt. where one out of three people is employed in the civil service, which until now has guaranteed jobs for life. The shake-up of Greece's public sector represents one of the biggest overhauls of the country's welfare state in a generation.
Demonstrations claimed their first fatalities on May 5, 2010, with three people reported to have died inside a bank building set ablaze by protesters as workers across Greece went on strike.
Greece’s deficit is raised to 10.5% of gross domestic product in 2010, exceeding the 9.6% target set by the government, while public debt swelled to 142.8 percent of G.D.P.
All these factors appeared to feed an emerging view that it makes little economic sense for IMF and Euro Union to keep lending money to Greece so that the govt can pay back private investors at double-digit interest rates -- especially as Greek citizens suffer the effects of a severe austerity program.
teeth53 ( Date: 21-May-2011 11:41) Posted:
http://sg.finance.yahoo.com/q/bc?s=%5ESTI& t=1y& l=on& z=l& q=l& c=
teeth53 thot: STI market will be trading volatile and within range till clearer trade signal appear. Since STI peak above 3,300 in mid Nov 2010, it attempted to force a repeat in early Jan 2011 and in early May, end in failure.
(Reuters) - The big money is calling a halt to the surge in stock prices. http://www.reuters.com/article/2011/05/13/us-usa-stocks-weekahead-idUSTRE74C76320110513
Declines in oil and metals prices are being seen by an increasing number of fund managers and strategists as a signal to get out of riskier areas of the equity market. And that means avoiding things like Chinese IPOs and sticking to the boring stuff, like utilities.
http://www.reuters.com/article/2011/05/13/us-markets-stocks-idUSTRE7481EV20110513
Stocks ended a 2nd wk of losses on Friday, reflecting growing worries stocks are on the precipice of a pullback.
Concern about slowed growth worldwide. QE2 coming end of a supportive Federal Reserve policy and the fear of a worsening euro-zone debt crisis are undermining the stock market's ability to maintain an upward direction.
This sentiment was present not just in stocks but also was reflected in a sharp drop in the euro. Stocks and the euro have been trading in a similar pattern for most of the week and particularly on Friday, when a late-morning drop in stocks coincided with a sharp fall in the euro.
The growing concern is that stocks had priced in an overly optimistic economic path, and the recent breakdown in commodities and shift in equities to safer industries like health care suggest a reckoning in coming months |
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This story tell us domething.
Professor of int'l economics, University of Leuven, member of the Group of Economic Policy Analysis, advising the EU Commission President Manuel Barroso.
http://www.voxeu.org/index.php?q=node/4384
First published 15 Dec 2009, it shows the main outlines of the crisis were clear months ago and suggests actions that – had they been taken early – would have mitigated problems facing the Eurozone today.
The column concludes: " All this leads to the conclusion that the Eurozone govts should make clear where they stand on this issue. Not doing so implies that each time one member country gets into financial problems the future of the system is put into doubt." If only those words had been heeded months ago.
teeth53 thot: Bottom line is that
Greece's ability to repay its debts remains in question.
A year later, question still remain...?.
teeth53 ( Date: 30-Jun-2011 21:03) Posted:
CNNMoney -- Greece has pulled itself back from the brink for now by agreeing to a painful austerity package.
On Thursday, lawmakers are set to vote on how to implement those unpopular reforms. Then the country is expected to secure the final $17 billion of a $156 billion international relief package to pay its bills for the next three months.
The latest cash infusion means Greece will be able to stave off an immediate default. But is not out of the woods. Giving some short-term relief to markets
Greece is now expected to begin negotiations with the European Union and International Monetary Fund for another bailout, said Wolfango Piccoli, a director at the Eurasia Group in London.
" The next round of emergency aid is expected to range between $172 billion and $216 billion, which would cover Greece's expenses through 2014," as with the previous deal, the new package will come with conditions.
Officials in EU are hoping to keep Greece solvent long enough to allow other troubled European nations to strengthen and put pressure on Greece to enact the painful reforms passed Wednesday.
At the same time, the European Union is working with Greece's main creditors -- French and German banks -- to roll over some of the nation's debt into longer-term bonds.
" It's unclear how that will be done, on the part of the banks, said Piccoli. " But that's just another measure to gain time, it doesn't diminish the amount of debt that Greece will be left with."
The bottom line is that Greece's ability to repay its debts remains in question. |
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http://www.brillig.com/debt_clock/
Coming round two, for U.S. awaiting to be negotiate - more debt limited...to tax payers and players.
teeth53 ( Date: 18-Aug-2011 23:10) Posted:
10:15AM: Dow tumbles as much as 528 points after dour global forecast and economic data. More
http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=6810& msgbdName=Otto Marine & topicTitle=OtTo MaRiNe
I m a small smaller smallest players, no doubt it cheap now, OTTO boss has bot several hundred lots..:)
Let C, how players play 1st, got to respect mkt - down turn hav not completed yet on tis volatile wk.
teeth53 ( Date: 10-Aug-2011 13:35) Posted:
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A year later....
Cops, protestors clash in Lisbon
Fri, 23 Mar 2012 10:55 http://business.iafrica.com/worldnews/785863.html
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Police and demonstrators protesting the Portuguese government's austerity measures and labour reforms clashed on the sidelines of a Lisbon rally, and two news photographers were caught in the fray.
IAfrica South African Business News
teeth53 ( Date: 23-Mar-2012 20:25) Posted:
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http://www.reuters.com/article/2011/03/23/us-portugal-crisis-idUSTRE72M2CK20110323
Portugal -- parliament rejected his government's latest austerity measures aimed at avoiding a bailout.
The move threw into uncertain political terrain after months of battling against growing investor concerns over its ability to tame its public finances and avoid following
Greece and Ireland to seek international aid.
Euro slides as Portugal PM resigns, gold up
Wed, Mar 23 2011
Portugal government may collapse before EU summit
Ahead of wallstreet..nothing major on the
economic calendar, will likely reflect follow-through optimism.
News from the across. Euro-zone finance ministers formally approving Greece’s second bailout, clearing the way for the release of the first tranche of €39.4 billion the €130 billion in total bailout.
Euro-zone Industrial for February, which were not so bad considering the region is expected to be in a recession this year. February Industrial Production numbers, which came in weaker than expected, show that the Euro-zone recession will likely be milder than many had been fearing earlier.
The combination of all of this no-so-bad news out of Europe, coupled with the success of the European Central Bank’s very effective liquidity enhancing operations, has been instrumental in bringing down anxieties about the European situation.
This has been showing up in a marked downturn in borrowing costs for the Italian and Spanish govts.
Other related news - (Reuters) - A Goldman Sachs banker has launched a withering attack on the bank in a newspaper column announcing his resignation, saying that several managing directors at the Wall Street firm had ...
More »Departing Goldman banker slams " rip-off" cultureteeth53 ( Date: 15-Oct-2011 17:10) Posted:
As this title mean for U.S. Now it is Euro turn to live on debts borrow time.
http://www.ft.com/intl/greece
Greece wanted 50% orderly default for bondholder.
Euro zone finance ministers will disburse the €8bn bail-out tranche next mth
Euro FTSE 100, DAX and CAC 40 will see more volatile trading on such good news...Happy trading.
Bondholders is un-willing to donate 0.50 cent for every dollar on loan, as Greece continue to collect more debts.
Look like d other half of 0.50 cents is as good as GONE, so many weak, even big banks, banks and bankers will be unable to stand up and be counted.
Last mth. U.S. Money funds cut loan to French bank by 44% to 23.2 bln, as BNP Paribas SA and Societe Generale SA- 2nd largest bank. Both bank refuse to accept more loss by resisting more hair cut.
teeth53: Will see more PIIGS debts woes appearing over our horizon. |
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http://www.cnbc.com/id/46717401
The CBOE's volatility index, or VIX [VIX 14.60 
-1.04 (-6.65%) 
] , also known as the fear gauge, briefly fell to around 14, near its lowest intraday level since 2007. The decline signals an easing of investor concerns.
Signs that the US economy was improving were bolstered by the latest retail sales report, which showed retail sales rose 1.1 percent, its biggest gain in five months, as consumers purchased motor vehicles and other goods despite higher gasoline prices.
http://money.cnn.com/data/markets/dow/?iid=C_MT_Index
| 13,059.95
Real-Time Quote
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 +100.24 / +0.77%
Today’s Change
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Low - 10,404
Today|||52-Week Range
13,060
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teeth53 thot: green green tonite...Happi trading...
http://money.cnn.com/2012/03/13/markets/stocks/index.htm?iid=HP_LN
Dow back above 13,000 ahead of Fed....
| 13,028.32
Real-Time Quote
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+68.61 / +0.53%
Today’s Change
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http://www.cnbc.com/id/46717401
" The mentality has shifted from selling rallies to buying dips, so a lot of people are just sitting there, keeping their powder dry and hoping the market pulls back so they can get in."
Federal Reserve policymakers will hold a one-day meeting and release their statement at approximately 2:15 pm New York time.
http://www.cnbc.com/id/46715897
“The world isn’t as bad as we’re making it out, it’s just not getting better as quickly as we’d like it to.”
http://money.cnn.com/2012/03/13/markets/premarkets/index.htm?iid=HP_LN
U.S. stocks were headed for a higher open Tuesday as investors turned their attention to the Federal Reserve meeting, which wraps up this afternoon....
teeth53 thot: When Ah Ben speak, this time is green for U.S. stk, as Greece's debt fade into background
teeth53 ( Date: 15-Oct-2011 22:29) Posted:
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Friday. Oct 21. Pre-conference calling by Euro Investors and Punters. FTSE 100, DAX and CAC 40 all gaining strength with German and French leading > +2% + + with DOW, Nasdaq and S& P 500 hitting +1.8% rise.
teeth53 thot: G20 statement is working, for Euro to come out and say. YES, we can do it.
If and when mkt wants to go +ve on promises made, bad news becomes good news. French-Germany statement said they will give an answer on Nov 4 also contains promises, mkt surge is based on promises.
YES, we can do it...again with a promising statement. Learn to respect mkt volatility, be it's bearish or bullish. Know what oneself is venturing into, within ur mean.
(Bull or bear oneself has to decide) Green on Oct 31 (Fri) and begining of Nov, 2011. Mkt remain volatile.
Learn to respect mkt volatility, be it's bearish or bullish. Know what oneself is venturing into, within ur mean.
Mkt remain volatile.(Bull or bear oneself has to decide) teeth53 ( Date: 19-Oct-2011 11:49) Posted:
Buying time, once Germany and French shake hands and talk the same language. Stk chiong again. FTSE will back up. Mean while please shot it down as cheap as possible.
YES. We can do it, no problem with G20 statement.
YES. We can come out with a +ve signal. Nov 3.
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Buying time, once Germany and French shake hands and talk the same language. Stk chiong again. FTSE will back up. Mean while please shot it down as cheap as possible.
YES. We can do it, no problem with G20 statement.
YES. We can come out with a +ve signal. Nov 3.
Today thing to note: Thing looking better then thot to be....with Euro. French and Germany shaking hand and making statement together. " This has to be a complete package"
A fivefold increase in the eurozone rescue fund's firepower and the recapitalization of Europe's banks. The Guardian reported on its website that the leaders of France and Germany have agreed to boost the eurozone rescue fund, the European Financial Stability Facility, to more than two trillion euros ($2.7 trillion), from its current 440 billion euro lending capacity.
teeth53 thot: G20 statement is working, for Euro to come out and say. YES, we can do it.
If and when mkt wants to go +ve on promises made, bad news becomes good news. French-Germany statement said they will give an answer on Nov 4 also contains promises, mkt surge is based on promises.
YES, we can do it...again with a promising statement. Learn to respect mkt volatility, be it's bearish or bullish. Know what oneself is venturing into, within ur mean.
(Bull or bear oneself has to decide) Green on Oct 31 (Fri) and begining of Nov, 2011. Mkt remain volatile.
Statement like tis is enuff to bring the market +ve...This is even more solid news.
http://sg.finance.yahoo.com/news/EU-mull-three-pronged-plan-rsg-2524660599.html?x=0
A three-pronged approach is emerging: " This has to be a complete package"
* a basic minimum capital requirement for banks in the EU that is substantially higher than the 5 percent " pass mark" in the July stress test of 90 banks
* an additional, temporary buffer on top of the new minimum requirement for those banks that have exposure to troubled euro sovereign debt. This does not necessarily mean banks would have to take full market writedowns to hit profits straight away
* ensuring that banks have adequate " term" funding, even if it means state-backed guarantees.
EU finance ministers would set the levels and a clear timescale for reaching the minimum capital levels and having funding guarantees in place, if needed.
French-Germany statement said they will give an answer on Nov 4 also contains nothing but a promise, mkt surge is based on promises come Nov 4, 2011.
teeth53 thot: if and when mkt wants to go +ve on promises made, bad news becomes good news.
Demostration for job with more austerity?.
Greece has it, now it's happening in Italy. http://sg.finance.yahoo.com/news/Rome-cleans-devastation-asks-rsg-2734467494.html?x=0 Discontent is smouldering in Italy over high unemployment, with 60 billion euros (53 billion pounds) of austerity measures that have raised taxes and the cost of health care, few expected the demonstrations to degenerate into such violence.
La Stampa newspaper said in a front-page editorial.
" Why did it happen only here?" A question many Italians were asking as workmen swept up broken glass, sandblasted graffiti off church walls, repaired broken statues, replaced shattered bank windows and ATM machines and towed away the burnt-out shells of cars.
Prime Minister Silvio Berlusconi said those responsible must be identified and punished, calling the rioting worrying. " They must be condemned by everyone without reservation," he said. meanwhile...
G20 statement gave one wk for Euro to come out and say.
YES, we can do it. (bullish or bearish is oneself to decide).
if and when mkt wants to go +ve on promises made,
bad news becomes good news. French-Germany statement said they will give an answer on Nov 4 also contains nothing but a promise,
mkt surge is based on promises.
Mkt remain volatile
teeth53 thot: On
YES, we can do it...again with a promising statement. Learn to respect mkt volatility, be it's bearish or bullish. Know what oneself is into it within ur mean.
Sat: Euro sought to convince its G20 partners that it can resolve it debt crisis
G20 nations, which represent 85 percent of the global economy, are seeking to come up with concrete steps to boost growth that their leaders can announce at a summit next month.
G20 is to commit to ensuring IMF has adequate resources to deal with the debt crisis if it continues to spread.
" The G20 is discussing strengthening the IMF's resources," .
Developing countries have spoken out in favour of boosting the IMF's firepower in order to help Europe --
something Germany is hesitant about and the United States opposes.
" It's unlikely there will be a major breakthrough on Saturday, it will be up to the heads of state to decide" when they meet on Nov 3 and 4 in the French Riviera resort of Cannes.teeth53 ( Date: 04-Oct-2011 23:33) Posted:
Euro look more and more powerful then DOW for now...Ah Ben speak - still red lehh.
EURO powerful spirit possession in progress till NOv 2011. |
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Err..forgotten to tell them. If and when cannot fix within one week will see this. My thot...:((
teeth53: Will see more PIIGS debts woes, banks woes breaking more news, over our horizon. teeth53 ( Date: 15-Oct-2011 22:29) Posted:
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All Euro zone debt woes, banks woes, PIIGS woes is going to solve in one week..G20 got teeth 53 backing :))
G20 tells euro zone to fix debt crisis within weeks - Reuters
G20 ministers to back big bank capital surcharge -
Less than 3 mths after Dexia SA (DEXB) got a clean bill of health in European Union stress tests, France and Belgium are considering a second bailout, moving the banking crisis from the continent’s periphery to its heartland. “We’re seeing a practical example of contagion playing out,” and this...
http://article.wn.com/view/2011/10/05/Dexia_Rescue_Shifts_Banking_Crisis_From_Periphery_of_Europe_/
If the bankers afree and when Greece get it...Ai Yahoo..liao for PIIGS oso want it. Humm...Ai lai liao.
Perhap see this, click http://www.ft.com/greece and see the euro future, getting bad / worst or good future?.
Siao siao mkt. Will Euro zone been able to contain, a full blow or drag can of worm further down d road?.
iPunter ( Date: 04-Oct-2011 23:35) Posted:
Benny speaking the obvious will not change the market condition...
teeth53 ( Date: 04-Oct-2011 23:33) Posted:
Euro look more and more powerful then DOW for now...Ah Ben speak - still red lehh.
EURO powerful spirit possession in progress till NOv 2011. |
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As this title mean for U.S.
Now it is Euro turn to live on debts borrow time.
http://www.ft.com/intl/greece
Greece wanted 50% orderly default for bondholder.
Euro zone finance ministers will disburse the €8bn bail-out tranche next mth
Euro FTSE 100, DAX and CAC 40 will see more volatile trading on such good news...Happy trading.
Bondholders is un-willing to donate 0.50 cent for every dollar on loan, as Greece continue to collect more debts.
Look like d other half of 0.50 cents is as good as GONE, so many weak,
even big banks, banks and bankers will be unable to stand up and be counted.
Last mth. U.S. Money funds cut loan to French bank by 44% to 23.2 bln, as BNP Paribas SA and Societe Generale SA-
2nd largest bank. Both bank refuse to accept more loss by resisting more hair cut.
teeth53: Will see more PIIGS debts woes appearing over our horizon.
