“You never want a serious crisis to go to waste,” Rahm Emanuel, US President
Barack Obama’s chief of staff, said during the 2008 credit crunch. “It’s an
opportunity to do things that you could not do before.” Somebody should phone
the White House, and ask if Emanuel could be
Somebody should phone the White House, and ask if Emanuel could be flown to
Frankfurt for a few weeks. The euro area and the European Central Bank are now
dealing with what markets are calling the ���PIGS��� crisis: Portugal, Ireland,
Greece and Spain. Sometimes Italy is added to
In 2008, Lehman filed the largest bankruptcy in history, owing $613 billion.
Last September, a group of local councils, led by Parkes and the City of Swan,
won the right to sue Lehman Brothers for monies lost. The councils, as well as
other organisations such as charities, had investments
Is there any way out of Europe's debt morass? Greece's efforts to restore
confidence in its finances have only called attention to its woes, and now
investors are fretting debt contagion could spread to other countries, starting
with similarly troubled Portugal, but with markets
Greece's efforts to restore confidence in its finances have only called
attention to its woes, and now investors are fretting debt contagion could
spread to other countries, starting with similarly troubled Portugal, but with
markets wondering who's next. Some experts believe a bailout may be
The biggest tumble in developing- nation stocks in 11 months is making
investment strategists at Morgan Stanley, Credit Suisse Group AG and Goldman
Sachs Group Inc. as bullish as ever. Morgan Stanley's Jonathan Garner predicts
the MSCI Emerging Markets Index will surge 34 per cent by
Morgan Stanley's Jonathan Garner predicts the MSCI Emerging Markets Index will
surge 34 per cent by the end of 2010 as corporate profits jump 40 per cent.
Sakthi Siva of Credit Suisse says declines in the 22-country gauge may be
limited to 5.3 per cent. Goldman's Thomas Deng recommends investors
“It would help if there was a very strong IMF program with a lot of
conditionality attached,” Das, the managing director of market research and
strategy at Roubini Global in London, said in an interview on Bloomberg
Television. “The IMF, as an outside, disinterested objective party, would
Morgan Stanley’s Jonathan Garner predicts the MSCI Emerging Markets Index will
surge 34 percent by the end of 2010 as corporate profits jump 40 percent.
Sakthi Siva of Credit Suisse says declines in the 22-country gauge may be
limited to 5.3 percent. Goldman’s Thomas
FLOW data shows an abrupt withdrawal of German and Asian capital from Club Med
debt markets. The European Union's refusal to offer Greece anything beyond
stern words and a one-month deadline for harsher austerity - while admirable in
one sense - is to misjudge how fast confidence is
“It would help if there was a very strong IMF program with a lot of
conditionality attached,” Das, the managing director of market research and
strategy at Roubini Global in London, said in an interview on Bloomberg
Television. “The IMF, as an outside, disinterested objective party, would
