BLOG.JMHAMILTONPUBLISHING.COM: Category Archive for Economics

The specter of funding problems is once again haunting Europe's banks.

Posted by J.M. Hamilton Blog at 5/21/2012 3:30 PM | Add Comment

But that's not all: Many loans will probably need to be written off entirely

Posted by J.M. Hamilton Blog at 5/21/2012 1:30 PM | Add Comment

G-8 leaders on May 19 urged Greece to stay within the euro area as polls in the country showed a close race between parties supporting and opposing the EU’s bailout deal.

Posted by J.M. Hamilton Blog at 5/21/2012 12:15 PM | Add Comment

With the European crisis heating up and concerns about economic growth in the U.S. and China, money once again is pouring into safe U.S. government debt

Posted by J.M. Hamilton Blog at 5/21/2012 11:29 AM | Add Comment

About 45 protesters were arrested on Sunday, and at least four officers were injured, according to the Chicago Police superintendent

Posted by J.M. Hamilton Blog at 5/21/2012 10:00 AM | Add Comment

Will we get that kind of regulation? Not if Mr. Romney wins, obviously; he wants to repeal Dodd-Frank, and in general has made it clear that he would do everything in his power to set us up for another financial crisis.

Posted by J.M. Hamilton Blog at 5/21/2012 8:00 AM | Add Comment

The trend began well before the crash, and appears to be driven by a variety of factors, including financial concerns, quality-of-life issues and a gradual erosion of gender stereotypes.

Posted by J.M. Hamilton Blog at 5/21/2012 7:30 AM | Add Comment

London relies heavily on international finance and banking instability would strike a fresh blow to an economy already in recession.

Posted by J.M. Hamilton Blog at 5/21/2012 6:30 AM | Add Comment

Bloomberg Surveillance: With Ken Prewitt and Tom Keene

Posted by J.M. Hamilton Blog at 5/21/2012 6:00 AM | Add Comment

“The slowdown in Asia which we’ll see in the very near term will catch the markets off guard,” Mahmud said in a May 16 interview.

Posted by J.M. Hamilton Blog at 5/21/2012 5:30 AM | Add Comment

Wednesday 23: European heads of state meet and are likely to address relaxing deficit targets. Germany sells bonds that could have a zero coupon.

Posted by J.M. Hamilton Blog at 5/20/2012 8:00 PM | Add Comment

The Bloomberg Billionaires Index takes measure of the world’s wealthiest people based on market and economic changes and Bloomberg News reporting.

Posted by J.M. Hamilton Blog at 5/20/2012 4:30 PM | Add Comment

Our study finds that divorce rates and tax rates together on average explain 58% of the difference in terms of hours worked between the US and 17 European countries.

Posted by J.M. Hamilton Blog at 5/20/2012 4:00 PM | Add Comment

In keeping with tradition, the decree was formally posted at the entrance of the Greek parliament.

Posted by J.M. Hamilton Blog at 5/20/2012 1:29 PM | Add Comment

Oil prices might go as high as $160 per barrel if the European Union goes ahead with a July 1 embargo, Hosseini told CNN’s “Fareed Zakaria GPS” in an interview scheduled to air tomorrow.

Posted by J.M. Hamilton Blog at 5/20/2012 1:15 PM | Add Comment

Mr. Tsipras said: “The healthy businesses here have nothing to fear from a government that’s going to try to stop this poison. Healthy businesses understand that austerity curbs consumption.”

Posted by J.M. Hamilton Blog at 5/20/2012 1:00 PM | Add Comment

“They’ve gone way past fat and are cutting into muscle,” said Bruce R. Bartlett, who was a Treasury official in the Reagan administration.

Posted by J.M. Hamilton Blog at 5/20/2012 12:30 PM | Add Comment

“The fact of the matter is that this aging-but-not-yet-aged segment of the baby boomer class can’t afford to retire,” said David A. Rosenberg

Posted by J.M. Hamilton Blog at 5/20/2012 11:00 AM | Add Comment

“It’s not necessary for G-8 leaders to agree on what the relative burdens of austerity and stimulus are but if what we want is to avoid another Lehman-panic scenario...."

Posted by J.M. Hamilton Blog at 5/20/2012 10:45 AM | Add Comment

Greece is the leading problem, but if Greece leaves the euro currency there is widespread concern that Spain, with a much larger economy, would follow it.

Posted by J.M. Hamilton Blog at 5/20/2012 10:00 AM | Add Comment

The war of the sexes --- VOX Talks!

Posted by J.M. Hamilton Blog at 5/20/2012 9:45 AM | Add Comment

QE also would be the easiest expedient for the European Central Bank to ease -- if not fix -- the region's debt crisis.

Posted by J.M. Hamilton Blog at 5/20/2012 9:30 AM | Add Comment

Dimon Oversaw Bets, and the Losses may grow for JP Morgan: Bloomberg

Posted by J.M. Hamilton Blog at 5/20/2012 8:44 AM | Add Comment

Jamie Dimon has a week to forget.

Posted by J.M. Hamilton Blog at 5/20/2012 8:31 AM | Add Comment

I would say that there is maybe a 30% chance in the next six-month to two-year period of a really bad shock from Europe.

Posted by J.M. Hamilton Blog at 5/20/2012 8:01 AM | Add Comment

“We want Greece to stay in the euro,” Schaeuble said. “But that presupposes that Greece does on its side what is necessary to develop its economy.”

Posted by J.M. Hamilton Blog at 5/18/2012 7:30 PM | Add Comment

Still, one of the parlor games here is the effort by many to distinguish themselves from the much maligned coterie of bankers and other members of the 1 percent in places like New York and Boston.

Posted by J.M. Hamilton Blog at 5/18/2012 4:30 PM | Add Comment

One of the worst things you can do for your standard of living is go to college, borrowing heavily to do so, then drop out.

Posted by J.M. Hamilton Blog at 5/18/2012 4:15 PM | Add Comment

“Greece is not a big deal in itself. It’s not a major risk and our banks and insurance companies certainly would be able to absorb it,” Mr. Baroin told Europe 1, a French radio station on Tuesday.

Posted by J.M. Hamilton Blog at 5/18/2012 4:00 PM | Add Comment

Ms. Merkel is now insisting that she wants Greece to remain, but it will take more than kind words to change things.

Posted by J.M. Hamilton Blog at 5/18/2012 2:30 PM | Add Comment

“They can’t leave any stone unturned,” Ms. Landes said. “Now they have to make sure that everything is squeaky clean.”

Posted by J.M. Hamilton Blog at 5/18/2012 11:28 AM | Add Comment

“As always, we will continue to be open and transparent with our regulators and Congress,” she said.

Posted by J.M. Hamilton Blog at 5/18/2012 10:30 AM | Add Comment

“Now there are 30 plans of varying degrees of quality with shovel-ready projects donors could invest in today, but instead donors have put their money in other things.”

Posted by J.M. Hamilton Blog at 5/18/2012 9:15 AM | Add Comment

Returning to a national currency after more than a decade of using the euro and having its money managed by the European Central Bank would catapult Greece into a financial, legal and political no man's land.

Posted by J.M. Hamilton Blog at 5/18/2012 9:00 AM | Add Comment

I wish I could say that I was optimistic.

Posted by J.M. Hamilton Blog at 5/18/2012 8:00 AM | Add Comment

Worries about Greece’s political and financial future, with political upheaval in the broader euro zone, have driven equity losses in recent weeks, sending the S.& P. 500 down 5.9 percent since the end of March.

Posted by J.M. Hamilton Blog at 5/18/2012 5:00 AM | Add Comment

The change reflects Mr. Bernanke’s emphasis on fostering discussion and debate among committee members. His immediate predecessor, Alan Greenspan, had treated the meetings as formalities.

Posted by J.M. Hamilton Blog at 5/18/2012 3:00 AM | Add Comment

TRIPLE WHAMMY

Posted by J.M. Hamilton Blog at 5/17/2012 7:29 PM | Add Comment

"When President Obama says, 'Look, we stabilized the financial system, we put in stimulus and the economy walked back from the brink of collapse' ... it's very hard to do the counterfactual. But now, Europe is the counterfactual," said Laura D'Andrea Tyso

Posted by J.M. Hamilton Blog at 5/17/2012 6:29 PM | Add Comment

Dawn Dearden, a D.E.A. spokeswoman, confirmed that American agents had been present alongside Honduran counterparts at both episodes.

Posted by J.M. Hamilton Blog at 5/17/2012 6:00 PM | Add Comment

It's one thing to throw a few bucks into office pool to play Mega-Millions. But there are anecdotes of parents seeking to put their kids college funds into the Facebook IPO.

Posted by J.M. Hamilton Blog at 5/17/2012 5:25 PM | Add Comment

“The political class in Europe still has solidarity with Greek politicians, with the exception of the radical left,” Mr. Krämer said.

Posted by J.M. Hamilton Blog at 5/17/2012 5:00 PM | Add Comment

The number of U.S. workers filing new applications for unemployment benefits was essentially flat last week, suggesting that the recently volatile labor market is stabilizing.

Posted by J.M. Hamilton Blog at 5/17/2012 4:29 PM | Add Comment

“A Greek exit was seen as an absurdity up to now,” said Thomas Costerg, an economist at Standard Chartered Bank in London.

Posted by J.M. Hamilton Blog at 5/17/2012 3:30 PM | Add Comment

Some of these traders would get their revenge on Mr. Iksil months later, taking the other side of bets that contributed to the more than $2 billion of losses for J.P. Morgan

Posted by J.M. Hamilton Blog at 5/17/2012 1:29 PM | Add Comment

The risk of a run on Greek banks is “a very serious problem,” Yannis Ioannides, professor of economics at Tufts University in Massachusetts

Posted by J.M. Hamilton Blog at 5/17/2012 12:45 PM | Add Comment

The challenge now is to ensure a Greek exit doesn't lead to the entire single currency falling apart with unknowable but potentially cataclysmic consequences.

Posted by J.M. Hamilton Blog at 5/17/2012 11:29 AM | Add Comment

RECESSION AND CONTAGION

Posted by J.M. Hamilton Blog at 5/17/2012 11:15 AM | Add Comment

A Greek exit could be “technically” managed yet would damage confidence in the monetary union, ECB council member Patrick Honohan said on May 12.

Posted by J.M. Hamilton Blog at 5/17/2012 10:16 AM | Add Comment

“The strong positive correlation between industrial commodity prices and stock prices isn’t surprising,” Yardeni wrote.

Posted by J.M. Hamilton Blog at 5/17/2012 9:44 AM | Add Comment

Treasury Secretary Timothy F. Geithner said the U.S. economy still faces challenges from the aftermath of the financial crisis and the “damaging” situation in Europe.

Posted by J.M. Hamilton Blog at 5/17/2012 9:14 AM | Add Comment

The four-week moving average, a less volatile measure than the weekly figures, fell to 375,000 last week from 379,750.

Posted by J.M. Hamilton Blog at 5/17/2012 8:47 AM | Add Comment

CAPITAL FLIGHT

Posted by J.M. Hamilton Blog at 5/17/2012 8:00 AM | Add Comment

Conceived as a tool for integration, the euro could, instead, tear Europe apart.

Posted by J.M. Hamilton Blog at 5/17/2012 5:00 AM | Add Comment

The firm sold 260,000 shares of Mountain View, California- based Google, a stake that was valued at $168 million at the end of the quarter.

Posted by J.M. Hamilton Blog at 5/16/2012 11:59 PM | Add Comment

“For Sinaloa, it’s a way of bringing down these upstarts, and for the Zetas, it’s about protecting their reputation for extreme violence, which is their main asset.”

Posted by J.M. Hamilton Blog at 5/16/2012 7:00 PM | Add Comment

"Negative ads work. Romney should know, since he eviscerated (Republican rivals) Newt Gingrich and Rick Santorum with withering attack ads in the primaries."

Posted by J.M. Hamilton Blog at 5/16/2012 6:30 PM | Add Comment

Bild, Germany’s most-read newspaper, underscored the domestic challenges Merkel faces over Greece, saying in an editorial today that the inability to form a government “makes it clear once and for all: the Greeks are saying good-bye to the euro.”

Posted by J.M. Hamilton Blog at 5/16/2012 5:30 PM | Add Comment

Crude inventories at Cushing, Oklahoma, the delivery point for contracts traded on the New York Mercantile Exchange, rose 2.8 million barrels last week to a record 46.9 million barrels

Posted by J.M. Hamilton Blog at 5/16/2012 4:29 PM | Add Comment

IMF chief Christine Lagarde had earlier in the day joined a string of EU policymakers who have over the past days lifted the taboo of openly discussing the prospect of an exit of Greece from the euro zone.

Posted by J.M. Hamilton Blog at 5/16/2012 12:45 PM | Add Comment

“While the state is undeniably facing a difficult budget gap,” she said in a statement, “these funds should be used to help Californians stay in their homes.”

Posted by J.M. Hamilton Blog at 5/16/2012 12:15 PM | Add Comment

“As you’ve just seen, even with the top market experts in the United States, that it could happen again,” Mr. Schäuble said at a news conference, shaking his head.

Posted by J.M. Hamilton Blog at 5/16/2012 12:00 PM | Add Comment

"All eyes are firmly on Greece, and the political uncertainty will continue to weigh on sentiment," said Eric Wand

Posted by J.M. Hamilton Blog at 5/16/2012 11:30 AM | Add Comment

"The Turks made the call," a senior U.S. defense official said. "It wasn't an American decision."

Posted by J.M. Hamilton Blog at 5/16/2012 10:30 AM | Add Comment

China Construction Bank Corp. (601939) and China Vanke Co. led declines for banks and developers after the Shanghai Securities News said combined net lending for the nation’s four biggest banks was almost zero in first two weeks of this month.

Posted by J.M. Hamilton Blog at 5/16/2012 10:15 AM | Add Comment

“You lose credibility, you have to earn it back. You have to earn respect every day. It’s never how great we are. It’s always the good, the bad and the ugly.”

Posted by J.M. Hamilton Blog at 5/16/2012 8:15 AM | Add Comment

"The euro is likely to suffer for some months to come as growth worries and peripheral country tensions persist," said Crédit Agricole.

Posted by J.M. Hamilton Blog at 5/16/2012 7:15 AM | Add Comment

“The Italian government’s austerity measures and structural reforms are weighing on the country’s near-term economic outlook,” Moody’s wrote

Posted by J.M. Hamilton Blog at 5/16/2012 6:00 AM | Add Comment

“It would be very difficult for Greece to pay bondholders and then turn around and say they’re cutting pensions to pay the bonds.”

Posted by J.M. Hamilton Blog at 5/16/2012 5:30 AM | Add Comment

It is unclear just how large JPMorgan’s position is, but people involved in the market figure the bank dominates this part of the credit market.

Posted by J.M. Hamilton Blog at 5/16/2012 5:00 AM | Add Comment

The Federal Bureau of Investigation is examining potential wrongdoing surrounding JPMorgan Chase‘s $2 billion trading loss

Posted by J.M. Hamilton Blog at 5/15/2012 9:00 PM | Add Comment

The Justice Department has opened an inquiry into J.P. Morgan Chase's $2 billion-plus trading loss, according to a person familiar with the matter. William Mauldin has details on Lunch Break. Photo: AP.

Posted by J.M. Hamilton Blog at 5/15/2012 8:30 PM | Add Comment

“If Greece were to ever exit the euro, no amount of reassuring comments will convince investors that other countries won’t soon follow.”

Posted by J.M. Hamilton Blog at 5/15/2012 8:00 PM | Add Comment

Banks tumbled in Madrid trading yesterday and Spanish bond yields rose to a five-month high as lenders outlined the costs of the government’s requirements and analysts said even those provisions wouldn’t be enough.

Posted by J.M. Hamilton Blog at 5/15/2012 5:30 PM | Add Comment

Pitty the Speculator...

Posted by J.M. Hamilton Blog at 5/15/2012 4:31 PM | Add Comment

“The euro-zone crisis is having a real impact on growth across the European continent, including Britain,” Osborne said

Posted by J.M. Hamilton Blog at 5/15/2012 3:30 PM | Add Comment

European governments hinted at giving Greece extra time to meet budget-cut targets, as long as the financially stricken country’s feuding politicians put together a ruling coalition committed to austerity.

Posted by J.M. Hamilton Blog at 5/15/2012 2:30 PM | Add Comment

How about a price decline at the pumps? Oh Forgot, the Cartel is only Responsive to the Market when its Jacking Up Prices!

Posted by J.M. Hamilton Blog at 5/15/2012 12:45 PM | Add Comment

Sure, Greece's debt could easily be fudged with promises to extend maturities and cut interest rates. But the real problem is structural overhauls.

Posted by J.M. Hamilton Blog at 5/15/2012 12:15 PM | Add Comment

nvestors battered European stocks, dumped the bonds of Spain and Italy, and bid the euro down against the dollar Monday after the collapse of weekend coalition talks in Greece

Posted by J.M. Hamilton Blog at 5/15/2012 11:29 AM | Add Comment

In fact, if America wants to be a healthy, smart, rich, globalized, high-tech powerhouse, we arguably have no better model than Massachusetts.

Posted by J.M. Hamilton Blog at 5/15/2012 6:46 AM | Add Comment

"I told the president that a government by technocrats or personalities would suggest the failure of politics, and raised my objection," party leader Fotis Kouvelis said.

Posted by J.M. Hamilton Blog at 5/15/2012 5:58 AM | Add Comment

“Poor Americans are urged to hate themselves,” Kurt Vonnegut wrote in “Slaughterhouse-Five.” And so, “they mock themselves and glorify their betters.”

Posted by J.M. Hamilton Blog at 5/15/2012 5:00 AM | Add Comment

"This is not a hedge as we defined it in the law," Mr. Levin said Friday in a conference call with reporters.

Posted by J.M. Hamilton Blog at 5/14/2012 7:00 PM | Add Comment

"In addition to 'high alert and forceful' crisis management, Europe still needs to articulate more clearly its longer-term game plan," Erik Nielsen

Posted by J.M. Hamilton Blog at 5/14/2012 6:29 PM | Add Comment

But addressing fiscal issues through monetary means generally doesn’t work, and it does nothing to improve the competitiveness of the struggling euro-area periphery.

Posted by J.M. Hamilton Blog at 5/14/2012 4:29 PM | Add Comment

“France has very difficult structural problems, especially the large number of young people without much qualification who are looking for their first job,” said Bruno Cautres

Posted by J.M. Hamilton Blog at 5/14/2012 3:30 PM | Add Comment

“One of the things I think is crucial for Vermont, in terms of maintaining this very special brand that we have, is we don’t want to look like Anywhere, U.S.A. And homegrown businesses are a crucial piece of that.”

Posted by J.M. Hamilton Blog at 5/14/2012 3:05 PM | Add Comment

But House Republicans have balked at the Senate’s version, preferring a version that White House officials and Democrats have derided as a way to weaken the legal protections for women.

Posted by J.M. Hamilton Blog at 5/14/2012 1:01 PM | Add Comment

Party's Drubbing in Germany's Biggest State Suggests Chancellor Is More Vulnerable Than Thought

Posted by J.M. Hamilton Blog at 5/14/2012 12:45 PM | Add Comment

The European Commission isn’t considering easing the terms of the joint bailout for Greece from the EU and the International Monetary Fund

Posted by J.M. Hamilton Blog at 5/14/2012 11:29 AM | Add Comment

Bloomberg Surveillance: Ken Prewitt and Tom Keene

Posted by J.M. Hamilton Blog at 5/14/2012 10:00 AM | Add Comment

But that was then. Last week, 224 Republicans and 23 Democrats voted to cut the bureau’s 2013 budget to $855 million, $88 million below last year’s total and $116 million below the White House’s request.

Posted by J.M. Hamilton Blog at 5/14/2012 10:00 AM | Add Comment

Euro-area finance ministers meet today and may discuss the international bailout for Greece, as well as the situation in Spain, where the government last week made a fourth attempt to clean up the country’s banks.

Posted by J.M. Hamilton Blog at 5/14/2012 9:15 AM | Add Comment

But as the Greek economy continues its free fall and the country’s unpaid obligations mount — analysts say Greece owes 6 billion euros to exporters via tax refunds and other domestic suppliers

Posted by J.M. Hamilton Blog at 5/14/2012 8:31 AM | Add Comment

Just trust us, the JPMorgan chief has in effect been saying; everything’s under control.

Posted by J.M. Hamilton Blog at 5/14/2012 8:05 AM | Add Comment

'Printing Money Can't Be an Answer'

Posted by J.M. Hamilton Blog at 5/14/2012 8:00 AM | Add Comment

North-Rhine Westphalia is Germany's largest state, and it just dealt a serious political setback to Angela Merkel and her Christian Democratic Union.

Posted by J.M. Hamilton Blog at 5/14/2012 7:30 AM | Add Comment

Investors are increasingly fearful of Greece exiting the euro, as euro-zone officials and members of the European Central Bank's governing council talk explicitly about the possibility and consequences of such an event.

Posted by J.M. Hamilton Blog at 5/14/2012 6:15 AM | Add Comment

Chancellor Angela Merkel’s party was defeated in Germany’s most populous state in an election that helped the Social Democrats tighten their grip on the country’s regional governments.

Posted by J.M. Hamilton Blog at 5/14/2012 6:00 AM | Add Comment

Main Navigation

Quick Search

Calendar

Syndicate

Monthly Archives

Category Archives

Tag Cloud

Recent Posts

Twitter Link

JMHAMILTONPUBLISHINGBLOG