GEAB Excerpt - Bonds: Corporate vs. Government
The price of government bonds is determined by central
banks. Central banks have the option to raise government bond yields a little,
to scare out less experienced investors. The Fed can raise bond yields but will
not let them rise much higher. High treasury yields would result in a financial
havoc comparable with the 2008 crisis. A rise in treasury yields will result in
the sell-off of all kind of assets, such as corporate bonds. The relationship
between government and corporate bonds is a one way relationship and doesn’t
exist the other way round; a corporate bond sell-off has little effect on
treasuries. Corporate bond yields are partly determined by corporate sector
default risk...
Billions in Debt, Detroit Tumbles Into Insolvency
Detroit, the cradle of America’s automobile industry and
once the nation’s fourth-most-populous city, filed for bankruptcy on Thursday,
the largest American city ever to take such a course. The decision, confirmed
by officials after it trickled out in late afternoon news reports, also amounts
to the largest municipal bankruptcy filing in American history in terms of
debt...
Unexpected Drop in Starts Curbs U.S. Housing Rebound:
Economy
The residential real-estate rebound suffered a setback in
June as housing starts unexpectedly fell to the lowest level in almost a year,
curbing how much construction contributed to U.S. economic growth last
quarter...
What Sunday’s Japan election means for Abenomics
If Shinzo Abe's ruling coalition wins Sunday's elections to
the upper house of parliament, as predicted, Japan's prime minister will have a
clear mandate to push ahead with his radical economic agenda. The only question
now is will he run with it? ...
Police 'too busy' to walk the streets and prevent crime
Bobbies on the beat are disappearing from swathes of the
country and being replaced by community support officers and unpaid special
constables, an official report has found...
The “McDonald’s Budget”: Laughably Unrealistic But Also
Deeply Tragic
Can you support a family on $2,000 a month? Recently,
McDonald's and Visa teamed up to launch a website that is intended to help
employees of McDonald's manage their money. The aspect of the website that is
getting a tremendous amount of national attention is the "McDonald's
Budget" which is a sample monthly budget designed to help workers plan
their spending...
In Mortgage Case, Dexia Claims Against JPMorgan Barred
The ruling significantly limits the potential legal bill
from the case, a major victory for JPMorgan. The lawsuit was being closely
watched on Wall Street, in part because it could provide a window into another
high-stakes suit facing the industry...
G-20 to discuss how to keep emerging economies healthy
Finance chiefs from the Group of 20 nations are likely to
discuss how to prevent emerging economies from stalling when they gather Friday
for a two-day meeting in Moscow, with market volatility casting a shadow over
their future economic prospects.
Comment les lobbies détricotent la taxe sur les transactions
financières
Il s'agissait de tirer les leçons de la crise, de
"s’assurer que le secteur financier contribue de manière équitable et
substantielle aux finances publiques", selon les termes de la Commission
européenne, alors que 1 600 milliards d'euros d'aides publiques, soit 13 % du
PIB de l'Union européenne, ont été versés à des établissements financiers entre
le 1er octobre 2008 et fin 2011...
Affaire Snowden: parlementaires américains et britanniques
s'opposent
Bobbies on the beat are disappearing from swathes of the
country and being replaced by community support officers and unpaid special
constables, an official report has found...
End to Egypt energy crisis prompts questions
In the lead up to the June 30 rallies that preceded the
overthrow of Egypt’s President Mohammed Morsi by the army the country was in
the middle of a fuel crisis hitting petrol and electricity supplies. But for
now, both issues appear to be solved, and many people are asking how?...
Perdre son triple A. Et alors?
Lorsqu'un Etat voit sa note dégradée par une agence de
notation financière, bien souvent les intervenants sur les marchés l'ont déjà
anticipée. Conséquence: leurs réactions sont mdérées voire nulles. Ce sont
plutôt les perspectives négatives et les annonces des banquiers centraux qui
comptent...
More police called in to deal with Belfast rioting
The Orange Order has applied to the Parades Commission to
march past the republican Ardoyne area this weekend. The order was banned from
parading through Belfast last week, a move which led to five nights of violence
in the city. The Parades Commission is due to rule on the request tomorrow...
'No Longer Necessary': Hungary Wants to Throw Out IMF
A long-running dispute between Hungary and the International
Monetary Fund escalated on Monday when the head of the country's central bank
called on the IMF to close its office in Budapest, saying it was no longer
needed...
Indian rupee jumps after central-bank action
The Indian rupee soared against the U.S. dollar Tuesday
after the Reserve Bank of India tightened its policies the previous day to stem
the currency's weakness. Among the measures announced on Monday, the central
bank set a ceiling of 750 billion rupees ($12.6 billion) on the the amount that
banks could borrow from its daily repurchase agreement window... Read
Zimmerman verdict brings protests, prayers
The Coalition for Justice for Trayvon responded to Saturday's
not-guilty verdict by calling for nationwide protests Sunday. The protests, the
group said in a statement, "will look toward a New America, where black
and brown youth are protected by the justice system and racial oppression is
ended." The coalition said the verdict was a failure of the entire
criminal justice system...
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