Euro debt crisis will not be solved at least for the next decade. It is like the tetris game of yesteryear, stale but never go out of play. We need a new game to 'stimulate' the market now.

China Vice Premier Li presses U.S. on currency bill

Of course it is delayed. The printing press is now 100% utilized printing USD for the next QE3. The forex report has to wait until the USD have been printed.

US Treasury: delaying publication of semi-annual Forex report until late this year

If RBS throws whatever worth they have, at shorting EURUSD between now and year end, they may emerge as the most healthy, profitable and largest bank in the world. If they fail, there is always the next willing idiot scapegoat to pin the blame and ...

RBS investment bankers are told: Christmas is cancelled

Read between the line. He is probably indirectly referring to allowing Greece default in full. The Greece people is at their patience limit currently. Next week's new austerity measures vote is gonna push some over the edge. Already one Greece ...

ECB's Liikanen says insolvent banks must be allowed to fail

I think Germany is doomed. They are held to a massive ransom that is going to bankrupt them in due time.

Japan’s Azumi: Europe Should Use Large Fund To Support Banks

There is a bull momentum in the market at current moment that focus on near term catalyst in the light of perceived 'positive' news and development of concrete plans on euro debt issues. If you believe in conspiracy theory, the current market is ...

S&P Cuts Spain to AA-

The contention all these while is not on the need for “major funding scheme” which appears obvious to most. The real contention is who will foot the bill for this "major funding scheme". US, China, IMF, EU and now Japan spoke on the needs but none ...

Japan’s Azumi: Europe Should Use Large Fund To Support Banks

The keyword is "at the moment". EFSF credit rating is only as good as Germany's rating. Outlook on Germany's credit rating is increasing tilted to the downside with the debt burden of the whole euro region weighing on its shoulder. No matter how ...

EFSF's Regling says there is no risk of a downgrade for EFSF at moment

Remember how the Greece government had 'hidden' the true extent of their debt status from EU for many years till the shit spilled? Governments and corporations do play with figures. It is important not to take the figures on face value. Always ...

Initial Jobless Claims in U.S. Fell to 404,000

Typically, the rating agencies will give hint on such significant rating cut in advance of the actual cut so as to prepare the market psychologically. They did just that ahead of actually cutting US credit rating. If we don't hear anything in the ...

HEARING: Possible UK Sovereign downgrade UNCONFIRMED

Talk of UK Sovereign downgrade goes as far back as 2008. China downgraded UK sovereign 5 months ago ( url ). With the further deterioration of UK economy that warrant their current QE and talks of further QE if necessary, a credit downgrade does not ...

HEARING: Possible UK Sovereign downgrade UNCONFIRMED

In bad economy, when high employment is high, many people will spend much of their time at home. Similarly, since income level and confidence level also drop, people will also cut down shopping trip and tend to spend more time at home. This probably ...

11 Surprising Trends In A Bad Economy

If slovakia had ok the EFSF just like all the others, you would not see this statement from France. Slovakia is the smart one. They drive a good bargain. The other countries must be slapping themselves hard now for endorsing the EFSF so easily.

France: would not need EFSF capital for its banks

I am not too sure that a deep seated problem in China lending would be over 'so soon'. If there is indeed an overblown of this issue by the media, then I don't see a need for China sovereign fund to increase their stakes in their own major banks. ...

Worst of China Lending Panic May Be Over: UBS

Germany and France are saving their own banks all these while. It is just that the battles are fought at different front. Previously, the battles are fought close to Greece with all discussion and focus solely on Greece context. The battles at ...

Merkel: We Will Defend Common Currency With All Our Strength

S&P at 100 or at 1000? At 100, how many of those 500 companies comprising the index has to file for bankruptcy? So, who do we blame for S&P at 100? High frequency trading or speculative short sellers?

The S&P 500 at 100? Not as farfetched as you think

Belgium is on Moody's negative watchlist for possible downgrade. ( url ). France should be finding itself crawling its way into this negative watchlist after this bailout.

Dexia's Belgian Bank To Be 100% Nationalized

Diverting the focus and pinning blame on the obvious is the standard tactics. Someone has to be the scapegoat. Blame Wall St for the subprime crisis; blame high frequency trading for the sudden crash on US stock indices; blame the speculative short ...

Occupy Wall Street protests: What do the one percent think?

Recent consumer credit dipped into the negative first time in the last 12 months. Container import volume at major US ports are also witnessing declining trend. Unemployment claims remains above 400K. Wholesale and business inventories is on a ...

Retail Sales in U.S. Probably Increased in September by Most in Six Months

Every government 'loves' inflation, until the election comes around.

BoE launches QE2 with 75 bln stg cash boost