EU Banks Vow to Slash Assets by $1 Trillion - Bloomberg
Banks, whose shares as measured by the 46-member Bloomberg Europe Banks and Financial Services Index have fallen 30 percent this year, oppose the plan partly because it would dilute the value of…
Calculated Risk: Europe: Clock is ticking, Officials try to ratchet back expectations
Europe: Clock is ticking, Officials try to ratchet back expectations by CalculatedRisk on 10/16/2011 04:52:00 PM From the WSJ: Europe Faces More Hurdles on Aid Plan European leaders have primed…
The Widening Gap: The Great Recession’s Impact on State Pension and Retiree Health Care Costs
When you read this article, you wonder if not every municipality and state in the country will have to go bankrupt or reorg in some manner to deal with this problem. I don't think I'd own anything…
Get ready to be squeezed some more
How they plan on raising your property taxes Why States Need to Restructure Pension Obligations Published: Tuesday, 12 Jul 2011 | 9:45 AM ET Text Size By: Jonathan S. Henes Partner, Kirkland…
Hayman Capital’s Kyle Bass says “Buy Guns and Gold”
Actually this is a summary of the introduction from Michael Lewis's new book, Boomerang, which we are giving away this month. Definitely read it. Hayman Capital’s Kyle Bass says “Buy Guns and…
Analysis: Pension woes are complicating retirement | Reuters
By Jilian Mincer NEW YORK | Thu Oct 13, 2011 11:39am EDT (Reuters) - Deteriorating conditions in the pension system are jeopardizing the lump sum payouts workers count on, and pushing some workers to…
Global Pain Hits Asia Markets Hardest - WSJ.com
By ALEX FRANGOS HONG KONG—Though the world's economic and financial problems are largely concentrated elsewhere, markets in Asia have been hit hard in recent weeks, falling more than those in the…
EconoMonitor : The Wilder View » Linking Sovereign Risk to Corporate Credit Spreads in Europe
Linking Sovereign Risk to Corporate Credit Spreads in Europe Author: Rebecca Wilder · September 24th, 2011 · Comments (3) Financial firms in Europe and the US are hitting crisis mode, as…