Related News: Real Estate, US
Bloomberg: Mortgage-Bond Slump in U.S. Deepening as Jumbo, Alt-A Debt Extend Losses
By Jody Shenn - Jun 28, 2011 1:30 AM GMT+0900
U.S. mortgage bonds without government backing are extending losses as signs of a weakening U.S. economy and concern that Greece may default on its debt curb risk-taking.
Monday, June 27, 2011
Finance·Money, Marc Faber
I suppose the world will always develop but that we will always have periods where we have wars and tremendous wealth destruction, or where we have plague and where the population shrinks. I am optimistic about certain issues and pessimistic about others.
- Marc Faber, interview with the Daily Bell, 06/26/2011
Daily Bell: Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
Daily Bell: Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
The Daily Bell
Exclusive Interview
Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
Sunday, June 26, 2011 – with Anthony Wile
The Daily Bell is pleased to present an exclusive interview with Dr. Marc Faber.
Introduction: Dr. Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D in Economics magna cum laude. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED, which acts as an investment advisor, fund manager and broker/dealer. Dr. Faber publishes a widely read monthly investment newsletter "THE GLOOM, BOOM & DOOM" report which highlights unusual investment opportunities. A regular speaker at various investment seminars, Dr. Faber is well known for his "contrarian" investment approach. He is also associated with a variety of funds.
Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
Sunday, June 26, 2011 – with Anthony Wile
The Daily Bell is pleased to present an exclusive interview with Dr. Marc Faber.
Introduction: Dr. Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D in Economics magna cum laude. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED, which acts as an investment advisor, fund manager and broker/dealer. Dr. Faber publishes a widely read monthly investment newsletter "THE GLOOM, BOOM & DOOM" report which highlights unusual investment opportunities. A regular speaker at various investment seminars, Dr. Faber is well known for his "contrarian" investment approach. He is also associated with a variety of funds.
Economy, Marc Faber
Economics is a very complex system and is essentially human life and the behavior of humans. So to build one theory around it is probably wrong.
- Marc Faber, interview with the Daily Bell, 06/26/2011
Daily Bell: Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
Finance·Money, Marc Faber
I think that interest rates in time will be much higher because the fiscal deficit will stay very elevated or even increase and that will impair the ability of the government to pay the interest. If the ability to pay the interest is impaired, there's only one way out and that is for them to print money, and so eventually you will get higher interest rates.
- Marc Faber, interview with the Daily Bell, 06/26/2011
Daily Bell: Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good
Sunday, June 26, 2011
Reuters: France, banks agree Greek debt proposa:source
Reuters: France, banks agree Greek debt proposa:source
PARIS | Sun Jun 26, 2011 5:34pm EDT
(Reuters) - The French government and banks have agreed on a proposal to make a Greek debt rollover more palatable to creditors, a banking source said on Sunday, confirming a report in Le Figaro newspaper.
PARIS | Sun Jun 26, 2011 5:34pm EDT
(Reuters) - The French government and banks have agreed on a proposal to make a Greek debt rollover more palatable to creditors, a banking source said on Sunday, confirming a report in Le Figaro newspaper.
Bloomberg: European Banks May Need to Raise More Capital
Related News: Hedge Fund Summit, Europe, Japan
Bloomberg: European Banks May Need to Raise More Capital
By Elisa Martinuzzi and Liam Vaughan - Jun 27, 2011 7:01 AM GMT+0900
Deutsche Bank AG (DBK), Germany’s biggest lender, and UniCredit SpA (UCG) are among European banks that may have to raise additional capital after regulators dismissed lenders’ threats that stiffer rules may stunt economic growth.
Bloomberg: European Banks May Need to Raise More Capital
By Elisa Martinuzzi and Liam Vaughan - Jun 27, 2011 7:01 AM GMT+0900
Deutsche Bank AG (DBK), Germany’s biggest lender, and UniCredit SpA (UCG) are among European banks that may have to raise additional capital after regulators dismissed lenders’ threats that stiffer rules may stunt economic growth.
Reuters: Litmus test for U.S. factories, Greece
Reuters: Litmus test for U.S. factories, Greece
By Pedro Nicolaci da Costa
WASHINGTON | Sun Jun 26, 2011 3:05pm EDT
(Reuters) - The U.S. economy has decelerated sharply. A snapshot of the nation's manufacturing sector this week should help reveal whether the slowdown is temporary or the start of a trend.
By Pedro Nicolaci da Costa
WASHINGTON | Sun Jun 26, 2011 3:05pm EDT
(Reuters) - The U.S. economy has decelerated sharply. A snapshot of the nation's manufacturing sector this week should help reveal whether the slowdown is temporary or the start of a trend.
Friday, June 24, 2011
BNP Paribas: Brazil: The labor market remains tight.
BNP Paribas: BRAZIL
The unemployment rate in May was 6.4%, unchanged from April and in line with the consensus view. On a seasonally adjusted basis, the unemployment rate rose to 5.9% from a record low 5.8% reached in April. Both the payroll and the labor force expanded in May, by 0.4% m/m s.a. and 0.3% respectively.
The unemployment rate in May was 6.4%, unchanged from April and in line with the consensus view. On a seasonally adjusted basis, the unemployment rate rose to 5.9% from a record low 5.8% reached in April. Both the payroll and the labor force expanded in May, by 0.4% m/m s.a. and 0.3% respectively.
Thursday, June 23, 2011
Reuters: Greece in deal with EU/IMF on austerity plan
Reuters: Greece in deal with EU/IMF on austerity plan
By Ingrid Melander and Paul Taylor
ATHENS/BRUSSELS | Thu Jun 23, 2011 6:39pm EDT
(Reuters) - European Union leaders promised more money to help Greece stave off looming bankruptcy, provided its parliament enacts an austerity plan finalized in fraught last-minute talks with international lenders.
By Ingrid Melander and Paul Taylor
ATHENS/BRUSSELS | Thu Jun 23, 2011 6:39pm EDT
(Reuters) - European Union leaders promised more money to help Greece stave off looming bankruptcy, provided its parliament enacts an austerity plan finalized in fraught last-minute talks with international lenders.
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