S&P Downgrades Greece, Suggests Worst Case Scenario With Bank Runs ....
• http://www.zerohedge.com,by Tyler DurdenS&P Downgrades Greece, Suggests Worst Case Scenario With Bank Runs And "Capital Controls": Full Report
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S&P Downgrades Greece, Suggests Worst Case Scenario With Bank Runs And "Capital Controls": Full Report
Mark Faber says the biotech sector, as well as social media and chip stocks, are due for a plunge. He also thinks investors will lose confidence in central banks.
It seems there are many people online who do not understand global wealth distribution and do not want to understand what would actually help the global poor or the poor in developed countries. wealth = real assets + financial assets ?" debts
Chinese President Xi Jinping on Monday hailed his country's relations with India and Russia during meetings that heard calls for developing economies to have more say on the global stage, rivalling US influence.
The Greek Elites and kleptocrats are terrified of the discipline that leaving the euro will impose, but the general public should welcome the transition to an economy and society that has been freed from the shackles of Imperial debt and the kleptocr
The European Central Bank (ECB) is threatening to withdraw emergency funding from Greek banks if the Greek government doesn't do what it wants.
With the declining yen, Japan's manufacturing PMI has risen eight months. In contrast, China has been wavering near the stagnation line since early 2011.
Greece's new Finance Minister is a highly intelligent person. His likes are not to be found in any Western government. As he stands in the way of those who are determined to complete their looting of Greece, the Western looters are out to get him.
The newsflow over the past several days was progressing much as expected: any time Greece demanded a bailout renegotiation (or termination), and an end to the Troika, Germany just said "Nein",....
On the heels of worse than expected Manufacturing PMIs (both indicating economic contraction) and the "taking away" of Minsheng Bank's CEO in a clear signal that the corruption probe is refocusing on the banking industry,....
Does a mystery that is 3,500 years old hold the key to what is going to happen to global financial markets in 2015?
Back when the BRICs were the source of marginal global growth, the punditry couldn't stop praising them.
When the Roman Empire collapsed during the reign of Gallienus (253-268AD), for the next two waves of the Economic Confidence Model (17.2 years) Rome remained in chaos.
Following finance minister Varoufakis' insistence that Greece will not accept more debt....
Here's a story from January 13 that just came my way today thanks to a reader wootendw who posted a link as a comment to one of my articles.
Back over 15 / USD for the first time since March 2009, the Mexican Peso is tumbling hard this morning... and the Brazilian Real is also tanking (back near 10-year lows) - no clear catalyst aside from further weakness in oil producer and EM FX sentim
Greece's government will not cooperate with the EU and IMF mission bankrolling the country and will not seek an extension to the bailout program, its finance minister said on Friday.
The Baltic Dry Index just hit a 28-year low.
We suggested the Greek pivot from Europe to Russia was building previously, and now, we get confirmation from Russia's finance minister Anton Siluanov that the pivot could be mutual, who told CNBC in the interview below:
Investors who plowed into Greek assets ahead of Mario Draghi's QE €60 billion a month bond-buying spree figuring the ECB could paper over this mess have been pounded almost nonstop recently.
Billionaire bankrolls group warning about "income inequality" leading to riots
Yet again this morning's "bounce" to $45 was heralded as maybe possibly could be the stability that markets are looking for.
Greece has something like €315 billion of public debt.
Forget The Hindenburg Omen and The Hilsenrath Omen, today we have the real deal as The Baltic Dry Index hits the ominous 666 level - the lowest print for this time of year on record.
Worried hedge fund managers were already planning their escapes. "I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway," he said.
Dmitry Medvedev, was quite vociferous in some of his threats, warning The West that the "Russian response - economically and otherwise - will know no limits" if Russia is cut off from the SWIFT payments system.
European economic storm is casting dark clouds over Davos ... Slow growth and low inflation seem to have become the established condition, at least for advanced Western economies ... This year's World Economic Forum is witness to a kind of capitulati
European economic storm is casting dark clouds over Davos ... Slow growth and low inflation seem to have become the established condition, at least for advanced Western economies ... This year's World Economic Forum is witness to a kind of capitulati
As the victory of the anti-austerity Syriza party in Greece shakes financial markets across Europe, find out how the EU project is slowly falling apart in the ten major member states and two cities which form its heart.
Anyone who has been paying attention to the global economy the past years can agree with me our central bankers have conducted miserable monetary policy and have taken the insufficient measures to fight crises.