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Modifying The Standards Of European Union

Modifying The Standards Of European Union Do the EU and the Euro area albeit belatedly. 750 billion Euros (440 billion from the Euro countries 0.60 billion from the European Commission and 250 billion from the International Monetary Fund) to support the value of the loans to eurozone countries experiencing financial problems and the old plan. On the West second of the Atlantic was US President Barack Obama in constant Copy Buffet System contact with German Chancellor Angela Merkel and French President Holand in a race against time to approve the plan last Sunday before the opening of financial markets Monday after it was locked Friday to drop the red zone at rates above some 11 percent. Any higher than those we have seen in the beginning of the collapse of the markets after the spark of the global financial crisis in September 2008.

Remarkably, it was the rapid move done by the Council US Federal Reserve in coordination with the central banks of Canada, Japan, Switzerland and Britain to complete a strong intervention to extend markets, the US dollar value of $ 30 billion to stop speculation on the Euro plan, after it became poses an additional threat to international banks.

Binary Options Success
Binary Options Success

Seven industrialized nations move came ultimatum for speculators response markets in a while. This does not mean that the speculators, who he described the Minister Anders Borg of Sweden’s capital as “a herd of wolves” have laid down their Copy Buffet arms. Financial terms of the European plan was not fully clear yet, though the standard conditions of fiscal adjustment is clearly visible.

Last week, the Greek parliament recognized the difficulty of harsh austerity plan a requirement for a 110 billion-euro syndicated loans of the Euro and the International Monetary Fund states Pack (will come from within the new plan) hope to get out of a severe financial crisis that threatens Greece with bankruptcy and Copy Buffet Software Review of the Euro area, and place on the morgue also entity the European Union. The crisis has awakened the trade unions in Europe, in ancient struggles, after the decline of its role in economic decision-making, especially in the last two decades, which had enjoyed the privilege of sovereignty of the concepts of the market economy and its mechanisms.
If it was too early to say for sure in the future of the European Monetary Union and the repercussions of the crisis on the EU as a whole, in a stable waiting for financial snowball that beset by more than one country in the Euro zone, could never be a new history books for a single currency in the light of the crisis in Greece, it will require either substantial amendments to stability and growth inspired by the Profits Unlimited System agreement, which sponsors the monetary union criteria and conditions for the acquisition of membership, or the openness of the crisis to all possibilities Treaty.

To quote from the experiments, that crises wear masks at the time of abundance and scarcity and tend to the few time ago. Standards that have been developed for Lauro and the monetary union was in school idealism nearest to them to realism. Including: 3 percent fiscal deficit ceiling to GDP. We have a 60 percent year-to output. Lack of inflation exceeded more than 1.5 percent, the average inflation rate in the three lowest inflation member states. Do not exceed the interest rate of more than 2 percent, the average typical interest rate (lowest) in the three member states. These standards collectively, the “largely peaceful” in nature and exclude any kind of crisis, and not necessarily need to be a good growth rates or an acceptable minimum.

You also need to actively and transparent tax system. And a balanced pattern between Profits Unlimited Scam fiscal and monetary policies in each country of the EMU countries. And to a system of full transparency in the countries concerned in terms of accounting and auditing, and commitment to the criteria listed and disclosed.

Otherwise big issue is beyond the standards to benefit and harm of this or that country. As the possession of a single currency in the countries of varying fortunes, and the sizes of their economies, and growth rates, and the levels of per capita incomes in all of them, a very sensitive issue, which means an advantage out of place to state what the single currency criteria, but people do not adhere to the expense of other countries and other people. Currency reserves at the end of the value and purchasing powers and manufacturing, and contactless standard of living and well-being. It is pointless to lead “unitary Dreams” to compromise on the level referred to account. How if the team was to submit waiver requests already have a sense of economic and political superiority?
The importance of setting rules in the monetary union, but perhaps lacked standards to the flexibility of usually financial and monetary affairs. Growth rates were not standing strong levels. Not control, accounting and tax systems have always been active. Transparency was not safeguarded as well. In the case of Greece got fraud operations in concealing No. fiscal deficit was arranged by Goldman Sachs and American complicity of the previous Greek government, which deported in the fall of 2009 before the advent of Push Money APP Scam at the head of the current government to discover the final deficit figure is 13.7 per cent to GDP and not 6 percent . And talking about Greece yet, we do not know what is the reality of the fiscal deficit in other countries on the list, such as Portugal, Spain, Ireland and Cyprus numbers. Doubts also hovering around the deficit in Italy and Britain.

Faced a monetary union, European standards severely tested in front of the US global financial and economic crisis of origin. Stimulus plans provided by European countries to protect the banking institutions were on public finances and inflation. The face of strangeness, that Greece now flogged on the back of the fiscal deficit, and impose austerity plan affecting the wages of workers and employees in the public sector, and the gains of dedicated law, a deduction thirteenth and fourteenth months in addition to the general and other taxes, while Ataulh Monetary Union and EU such as Germany, France and Italy are begun to overcome the monetary union standards in the Euro zone since 2001 until 2065. the countries mentioned were able to avoid sanctions and regimes in the region assume. Although the survival of the fiscal deficit above 3 percent to gross about 5 years Tuwalia. That was before the global financial crisis.

We all remember what he said French President Nicolas Sarkozy in October 2008 after a meeting in Paris attended by Italian Prime Minister and the German Chancellor that “today is not the time for the Stability and Growth Pact, but to save.” Former German Chancellor Gerhard Schroeder is the author of the theory which was launched in 2003, and says the permissibility of tolerance with the fiscal deficit to GDP at the end of it if the spending on research and development. What about exceeded the deficit and public debt criteria in the event of major crises? It is clear that this is what Duke avoid the monetary union to answer at this stage of the global crisis even forced to historical support plan is unprecedented. However, in the large and unlimited crises horizon, rules are tuning systems and not circumstantial money Haola without breakdowns.

There in the Stability and Growth Pact is also a mechanism to support the members of the Euro area in the event of a crisis. There is no specific mechanism to get out of the area and return to the national currency. All the rules designed for the best, as we have said. Background was the thought of a political Aguetsada- depending on the globalization that has hit all the human and cultural aspects of the account of neo-liberalism and the market economy. European close partnership with the United States in the context of globalization has made the repercussions of the crisis on Europe and the Euro area harder than the United States. It was to ignore the fact that a crisis of this magnitude in the age of globalization means the globalization of the crisis as well, while growth does not necessarily mean the benefits of globalization, prosperity and decline of poverty and unemployment rates, as has been rumored and memorize. Years of economic growth in the group of industrialized countries were hostile to job opportunities and alleviate poverty. Lack of newly acceding countries to the European monetary union to competitive handheld and infrastructure compared with other partner countries, making it the heaviest crisis occurred.
It was necessary for the completion of the monetary unit of the central bank unified contract. However, the Central Bank, which sets interest rates of major countries and the Euro alone has the right to intervene in the markets, limited the ability of Member States to adjust the exchange rate in line with the needs of their economies or growth and inflation has rates. In contrast, the European Central Bank is facing great trouble to do his job to the loss of control over the fiscal policies of the Member States, which remained in the nature of the case is the task of governments. And it is impossible for any central bank to do basic Google Trader Review two curb inflation, control of the money supply, and stimulate growth rates appropriate benefits to invest fiscal policies continues. This is the case with Greece and with other European countries in the Euro zone. To avoid these bottlenecks were Growth Pact and stability criteria for monetary union.
We understand the hard-line stance of Germany to support Greece, who led the European position has varied motives: fear of a possible repeat of the Greek scene. The major share of loans that Germany provided to the Member States. And Taathab Chancellor Angela Merkel to persuade the German street financial expenses in the midst of an economic crisis for political reasons. And ahead is a long list of other trade union demands. Do not fall out of account the growing right-wing nationalist tendencies which essentially refused to give up the Deutschmark and opposes the European Union. However, Germany has agreed on a 22.4 billion-euro share of the 110 billion Greece said it would need them. It also paid to the fact that Greece City German banks, as is the case with the French banks. France has pledged to secure loans for Greece by 16.8 billion euros. There is no support after the European debt uniform. German bond is a bond pricing and other base in the Euro zone. Greece may need to double the advertised amount, even if implemented austerity plan.

Many words said about the eligibility of Greece to acquire membership of the Euro zone after only two years at its inception in January 1999. The abandoned Greek drachma for the oldest currency in history against the Euro. In the language of logic it was difficult to absorb the survival of the oldest European civilization and culture of the state such as Greece out of a single currency for the continent like a civilized Europe.

Do not be amended Stability and Growth Pact in the direction of more flexible, and then strictly enforcing standards. Germany and France at the head of the European Union a morale gains and also pays them pay when warranted an emergency circumstance. Hyper monetary union before the contract is completed wedge in the body of the Union, which now has a flag and currency. The demise of the currency union loses half of his being and threatens to return to the entities. But the name-base this time.

Financial Systems Reform And Gold

Financial Systems Reform And Gold Progressing states in the introduction to the United States and the European Union projects important proposals to their parliaments for the reform of the financial system in order to avoid financial crises economies similar to what happened in 2008 and that the global economy is still paying the price for its aftermath. There is no doubt that the reform and the emphasis on the application of rules and standards and the threat of sanctions on offending parties became necessary after the financial chaos that the world has witnessed in recent years, and the Altronix APP Scam expansion of internal and external debt of the countries of the level and lack of transparency in giving false information on the financial situation, even more economic blocs level progress such as the EU. But the extent to which countries will succeed in the implementation of these reforms? Will it be enough to prevent similar crises or perhaps more dangerous than the crisis occurred in 2008?


The implementation of these reforms may not be guaranteed unless the control of the source of the problem which is chaos in the money printing and pumped into the markets of charge, especially by countries that are international reserve currencies led by the United States. This pumping runaway currency in the markets and the rapid developments in the speed of movement of funds from one country to another creating an abundance of money lendable and encouraged States to external borrowing and interest rates attractive to its decline, and spending on aspects of useless do not give back, what accumulates the Copy Buffet Software Review volume of debt and debt service even fail states for repayment as in Greece.

Historically known that currencies of countries, particularly the international reserve currencies were linked to gold under what is known as economically as the gold standard. This Push Money APP means that exporting currency covered in gold held by central banks. Britain abandoned the gold standard in 1931 because of the consequences of the First World War and the changing global balance of forces is Britain’s interest. After decoding the pound sterling correlation with gold weakened confidence in him gradually as the currency of Thousand Dollar Days international reserves. After almost three decades, taking the dollar, which was associated with gold place, especially as it coincided with the growing strength of the US economic, political and military. In 1973 the United States effects of the dollar gold link to give the same freedom in the dollar version without restrictions to finance the Vietnam War.

A review of the monetary history of the countries in the aftermath of World War II, we find that Germany alone was able to control the money supply, which without being committed to the gold base. The reason for the ability of the power of the Bundesbank of Germany and independence full Zulander Hack independence from the government so that the latter can not borrow it from the currency by printing only a certain percentage can not be exceeded.

And in an unprecedented manner in another country, the independence of the Bundesbank enjoys unrivaled popular support because of what the German people suffered from excessive inflation rates has thrown millions of them their fortunes during World War II. Reducing popular support of the Binary Secret Review Central Bank and up to any disagreement between the latter and the government will prevail as the central, it caused controversy in many cases in overthrowing the government.

So maintained German currency (mark at the time) on the strength of the German economy grew at a healthy form of frequent and even became the third strongest economy in the world after the United States and Japan, after World War II completely destroyed. The German government has also followed a prudent fiscal policy, which did not borrow only for the purpose of WellsInvestments financing investment projects give a return shot just out of debt and debt service.

There is no doubt that the base gold advantages in controlling the volume of currency in circulation, but the outlet basically restricted by the policies of economic stimulus in times of recession. So after most countries abandoned the gold standard, some have resorted to the adoption of laws known remnants of the gold standard obliges the Central Bank of the State concerned to maintain cover a certain percentage of currency in circulation with gold.
But countries abandoned the gold standard waste laws gradually. But impressively that all developed and developing countries that abandoned the gold and remnants of the gold standard base saw then Wells Investments Scam critically and financially, caused a lot of waste, corruption and rising debt levels, inflation and financial crises.
If the return to the gold standard solution difficult to return to partial coverage of the gold coin that the United States will be the first who are committed to the reduction of the cash bleeding of the dollar, which hurt all over the world and promotes irresponsible borrowing may be.

Economic Recovery And Disappointments

Economic Recovery And Disappointments Global efforts did not bear fruit in achieving economic recovery levels that stimulus programs and targeted packages «First Finance» preliminary, not inspired confidence results achieved, despite the reassuring optimism standards to achieve growth rates, and laying the foundations for economic take-off of the post-atheist-first century crisis. The global Push Money APP Scam processors, though represented regionally – and, according to both developed and emerging economic superpowers – different levels of government intervention, not Taatlaq to achieve economic balance globalized desired, what the situation stabilizes in the country so that breaks down in another, and from there to other threatened global confidence in the feasibility of policies economic, and putting them in the political debility box.

US Dollar
US Dollar

Despite the «sacrifices and efforts» made by countries such as the US Multi Leteral, Germany, France, Japan and even Italy and Greece, the confidence of citizens rulers and governments rates have fallen to low levels is not enough to reassure the economic stimulus programs of the owners, and «float» the TradeFusion budgets of families and individuals.

It is not enough to expect relevant international institutions, a rise in global growth rate to about 5 percent end of the year, supported by growth rates in Asia, led by China, in the range of 10 percent, and India, 7 percent or other Asian countries, it must be borne in mind that the growth rates «support», it can not provide jobs in the United States or the European Union, and to restore the momentum of Your Legacy Club Software industrial production or consumer markets. The fundamental problem is not the high global growth rates, but in the balance between the growth rates for each country and in parts of the world, to balance economic recovery standards and shrinking financial turmoil, which has become an obsession for all, leading the countries concerned to adopt financial reforms before the end of the year, to save the situation and make money institutions global modest fortifications under the control of public administration, when thoughts of risky adventures.

A report by the International Monetary Fund for «World Economic Outlook Update» (July), the reality of the economy during the second quarter, a testament to the «clouds of turmoil in the capital markets enveloped the prospects for the economy Finally, a reflection of the decline in confidence regarding fiscal sustainability, and policies the face of the crisis, and the prospects for growth in the future. It is crucial developments that fiscal sustainability issues in advanced economies, took the lead in May (June), driven by initial concerns about the financial centers and competitiveness in Greece and other euro zone vulnerable economies. And it moved fears regarding sovereign risks to banking sectors. She returned funding pressures and spread in the markets transactions between banks, also supported by the uncertainty about the policy response to the crisis ».

The decline in confidence leads to the general public, to «skimping» double in spending as a result of the reality Is Wells Investments A Scam shrinking job opportunities on the one hand and caution on the opposite side. What causes thaw spending levels if not decline, according to translate competent indicators not stabilized levels after. The decline in domestic demand is leading to weak external demand and a stagnation of industrial production, according to indicators in the US and European countries. What goes hand in hand with the rise in inventories and a lack of trade to the «obsession» at risk for the reconstruction of foreign goods stock before rotating seasons solutions.

In the scenario of the IMF that the «shock received by the financial conditions and domestic demand in the euro area comparable in size to similar shocks in 2008 and include simulations in the form on an infection of the capital markets, especially in the United States, and weak private Wells Investments Scam consumption as a result of the reduction in equity prices» .

Of course, the elements of the traditional economy lacks compliance with banking conditions in America and Europe and even in Asian countries investments. The remaining financial reforms targeted by members of the Group of Twenty countries, centered on the freedom of banking institutions and money, especially concerned with its size and the extent of the risk and dangers in it, and subjecting it to the control of the central banks and monetary authorities.

Thus the United States has made and Wells Investments LTD Scam Europe, steps to reform financial institutions and capital markets and systems, while the Finance Committee chosen by the Group of 20 developed and, in the «Bal» (Switzerland), a blueprint for the reform of the banking, serving to increase the capital of banks.

In the face of these actions, shrank Submissions financial banks eased credit operations, and no longer semi-bad interest attractive levels at a profit, so I went money institutions to speculation and finance operations more feasible and advantageous profit in the oil and precious metals and other markets, causing a vacuum in the credit market and the financing of production. As a result, the production enterprises austerity and contraction in the labor market.

In the traditional economy, a free character, loops relate to. If the right of disrepair either singly Wells Investments LTD Scam second and beyond. Is the case of economic reality in the major countries or super flop to agree on what saves the situation amid political exposure is supported by local differences to achieve gains in the provision does not save the economy.

What saved the economy confidence, consumption production is The return to employment.

Warning of Impact Of Sovereign Debt In Balance Sheets Of Banks

Warning of Impact Of Sovereign Debt In Balance Sheets Of Banks International Monetary Fund cut, the size of the US and European banks losses since the beginning of the financial crisis in mid-2007 until the end of this year, $ 100 billion. But he warned that the global financial system still faces serious challenges make him vulnerable to shocks, loss of confidence and its negative effects on finance and credit, especially the economic recovery, despite the gradual improvement achieved in restoring stability ».

He announced a financial advisor, director of money markets and capital in the IMF Jose Vinales, in a press conference yesterday, that the global financial system «became more stable than it was in April last, thanks to the economic recovery, which began mid-2009, but still He faces risks. » He explained that the march had been stability for «setback» following the explosion of the sovereign debt crisis in some of the economies of south and north of the European continent. He Vinales, who presented the results of the report of «stability of the global financial system», one of the important reports discussed by the finance ministers and governors of central banks in the joint annual meetings of the IMF and the World Bank, which kicks off in Washington next Saturday, that «the largest endangered dangers to the stability of the financial system lies in the the impact of the sovereign debt crisis on the balance sheets of banks in crisis countries inside and outside ».

He said in a veiled reference to possession of European and American banks, an important part of the European sovereign debt stalled, that «the sovereign debt market turmoil in Europe highlighted the weaknesses in the public budgets for banks and governments alike, and came as a harsh reminder not in respect of the close links existing between them but also regarding the possible repercussions of this disorder across the border. » He stressed that «reduce the threats to the stability of the global financial system, especially the serious effects of the shocks, the lack of trust in banks and sovereign debt, requires the banks in a number of countries strengthen their capital and improve the quality». He warned that failure to so «banks increases the seriousness of the situation and exacerbate the credit crunch constituting an additional obstacle to economic recovery.» The warning Monetary Fund, despite his assertion that the banking sector has so far been the biggest beneficiaries of the economic recovery, pointing out that the improvement achieved by the stock markets in recent months, reducing US and European banks losses (in addition to Asian banks in Hong Kong, Japan and Singapore) 2.3 trillion dollars in April to $ 2.2 trillion currently.

He pointed out that troubled banks achieved a significant milestone in its initiative represents to write off three-quarters of losses and coverage, ie up to about $ 1.75 trillion, in addition to higher average capitalization rates of the global banking sector to more than 10 percent late last year. He predicted that the gradual improvement to continue in the public budgets of the banks of the continuation of the economic recovery.

And it showed the updated IMF estimates, expectations continued arrival of US banks to share 40 percent of the losses of the crisis, followed by banks in the euro area by 30 percent, then the British banks, which is approaching its share of 20 percent. While the balance is distributed on the banks of Switzerland and the Nordic countries and to a lesser extent Asian banks, as well as Australia and New Zealand.

IMF noted in his report, «the face of US banks in particular a high degree of underlying this time the possibility of aggravation of the mortgage crisis danger». He explained that the real estate market finally regained stability after falling residential property prices by more than 30 percent between the years 2006 and 2009, commercial real estate and the loss of 40 percent of their value. However, the market fundamentals are still fragile foretaste of renewed collapse in prices. But warned emerging economies, one of the most important gains achieved by matching them, thanks to the advanced economies, the financial fundamentals in the hardness and strength of economic growth and prospects, and the magnitude of the investment revenue, including making them more attractive for investment.

This fledgling economies urged to pursue able to avoid the negative effects related to «mutations» the flow of global investment policies.

The US Dollar And Exporters Anger

The US Dollar And Exporters Anger The reason for the anger to the declaration of a permanent committee in the Bank of America for a decision to be taken, starting from 03/11/2010, to pump $ 600 billion, to increase the growth rate of the US economy.

US Dollar
US Dollar

Prior to interpret how is this pumping, or how the extra dollars issuing process, improved to note that the dollar is not just a national currency is limited to the impact of their value within the American ocean, but a major reserve currency (ie issued many countries its currency in accordance with the rates varying, which is owned by the central banks of dollars US), as well as the most important currency in international trade transactions, and therefore of interest to the dollar value of each Phoenix Trading Software source, whether raw material such as oil, timber, copper, or manufactured materials as tools and mechanisms, as concern, of course, also of import from countries other than the United States and other countries associated with the national currency to the US dollar .

It is pumped dollars, or raise the level of liquidity in the US economy, through the purchase of instruments, or US Treasury bonds. A trade leaves contain the amounts of money under the US Treasury undertakes to pay what is written on the board of amounts, just like any other bonds and other debts vows source to pay what they promise and record on the board of Phoenix Trading Program amounts while expires according to what is written on the board in order to – or history.

However, the difference between bonds issued by private, and bonds issued by the US Treasury, which views that, the central bank is the one who buys these bonds or instruments, namely that the US central bank, which gives loans is the US federal government.

And what does the central securities purchased either directly from the US Treasury, or from other countries they have already purchased and need to amounts or value?

Everything you do it literally «printed» or issue new dollars paid in exchange for buying bonds and then bought from reserves, including bonds that the need to reduce the level of liquidity comes a time. And which retains the largest proportion of US Treasury Phoenix Trading Software bonds or instruments of indebtedness is a major commercial banks. When the central buys these bonds from commercial banks offset dollars, and brings the level of cash in circulation.

What angers many of the exporters and importers?

Which angers them to increase the amount of dollars in circulation lead to lower borrowing costs, it also leads to lower what you pay banking facilities of the owners in exchange for dollar deposits. How?

A certain level of generalization, can be seen that a currency (in this case the dollar) commodity displays of dispense used temporarily to borrowers or deposited in banks. But it will not have the liquidity to lend other free of charge, even if he found a specific number of good people who lend modest amounts of charge. And when it increases the amount of liquidity, it increases the amount that can be borrowed proportion of them. And even increase the supply of loans, required constant survival and lead to a decline in the level of return, which must be paid for loans or to win more deposits for the banking facilities. This in turn Phoenix Trading Program leads to reluctance of depositors from the dollar, and replace it with other currencies such as the euro and the yen, and other, that any pumping more dollars leads, eventually, to the depreciation of the dollar relative to other currencies.

It increases the value of their currencies declining the amount of their exports, while at the same time increase the amount of their imports. The rise in the value of the currency of the exporting country means increasing the prices of their exports, and lower prices for all imports.

If, The cause of the wrath of China, Germany, Brazil and other countries that affect the value of exports in the lives of its citizens to a large extent, from the high volumes traded dollars, is because of her knowledge that it will lead sooner or later to import more than they were imported before, at the same time issued less than they were issued before, balance of payments.

What about the oil-exporting countries?

Indisputable that the devaluation of the dollar leads to higher imports from countries which increased the value of their currencies. As for the proceeds of the Petroleum Exporting Countries, it will not be significantly affected because the depreciation of the dollar even after a while lead to higher oil prices, or at least prevent the decline.

Illinois still bills to pay billions in private schools and social service providers last year, while Arizona State stopped last year to pay the cost of some organ transplants for some people in the medical care program operations. Some states and deliberately to the early release of some prisoners to cut costs rather than as a reward for good behavior. In Newark the state has laid off 13 per cent of police officers last week.
And despite the fact that next year may be even worse, there is a greater longer-term financial risks, according to the views of financial analysts. May be the secret behind this concern is that even in a time when the economy is recovering, budget deficits will not disappear, because many state and local governments burdened with a lot of debt – estimated at several trillions of dollars – much of it is written in the records and restricted significantly for the eyes – that can be sunk in the next few years.

Says Einstein Method Software , the financier who helped save New York City from bankruptcy in the seventies: «It seems to me that the request for assistance may be the right way when they reach this».

Some of those who warned of the mortgage crisis two years ago, returned to drive a alarm bells again. Their message was that small towns are not immune, such as the large Illinois and California and the US faced significant risks.

In the past, municipal bankruptcy or inability to repay its debts is rare, there is no mandate of the delayed payment of its debt since the Great Depression, and only a small group of cities or declare bankruptcy resorted to think about doing so.

But funding some state and local governments are very distressed, so that some analysts say it reminds them of the beginnings of a mortgage or a debt crisis that hit some European countries crisis.

Analysts fear that when you reach this stage – no one knows when – investors may be reluctant to lend States weaker, which could lead to a crisis can States the strongest also affect, which will resemble in effect turmoil in Europe and the right of the state after the other.

He warned Einstein Profits Review of that despite the scarcity of the bankruptcy of the localities in the past, it seems possible dramatically, and the lack of balance seemed clear in some areas so that the federal government will have to fall into it in what, although it this may seem unlikely in light of the stage the current political climate.

He added: «I do not like playing the role of the rabbit paranoid, but I do not see when it will be the end of it».

At a time when severe economic recession in the United States, some states hit hard to give up some of the workers resorted which helped her to stand on her feet and filling gaps in the budget every year, but they often come at the expense of future cost.

Some owners of individual retirement accounts, workers may resort to risk the withdrawal of second mortgages to invest in stocks, which is a gamble in which the investment gains would be enough to build a bigger house and repay the loans.

But this is what you do, Illinois, which has failed to provide financial allocations for some pension funds for years; the state has borrowed $ 10 billion in 2003 and used the funds to invest in Mashadtha funds, but the recession has led to a reduction of these funds dividends for the expected profits, and the state reimbursed the value of bonds , along with interest. So what is the solution? Illinois sold bonds worth $ 3.5 billion from pension funds bonds this year, and plans to borrow an additional $ 3.7 billion for pension funds.

These represent the most important long-term problems facing some states such as California, Illinois, New Jersey and New York, which financial analysts show great concern them, for fear that it is a crisis that could affect other states, which increases the cost of borrowing.

But short-term budget, which is facing difficulties in almost all states are what hold all elected officials.

Perhaps Illinois is the only state not be unable to pay their debts, many states such as New York postponed the payment of vendors and local governments pay because they do not have the financial liquidity to ensure that.

The California has paid for the street vendors bonds bills last year, while some other States expressed concern about the flow of liquidity, which has contributed to the postponement of re-payment of taxes recovered last spring.

Now, with the lifting of the economic downturn the demand for state aid, resorting many states to cut aid; the demand for food vouchers markedly increased in the state of Idaho, but troubled budgets have limited mandate to close nearly a third of the field offices of the Department of Health and well-being of the state, who receives such requests. However the tendency of many States to cut aid to cities, some have resorted to cuts that were not on the table in the past, Voqalt police officers and closed extinguishing stations.

These cuts in aid to cities and counties, which are expected to continue, one of the reasons behind the view of some analysts that the cities face significant risk of bankruptcy, or be subject to external supervision.

Is not expected to carry the next year is good news in this regard; States and cities are faced with both a larger fiscal deficit after the recession, according to officials, where emergency funds have been exhausted, easy and procedures.

It is expected that this time does not see a change, it has increased funds stimulus plan, the federal than the Federal share of state budgets to more than a third of just more than a quarter in 2008, according to the report issued by the National Federation of the rulers of States, and the National Union of officials of state budgets.

It is expected that these funds will run out by next summer, at the same time does not expect that the outcome of the tax return to pre-recession levels of another year or two ago, given that the most comprehensive housing market and the economy is still weak, and unemployment remains high.

Says Scott Pattison, director of the Association of the budget: «Next year will be the worst year during the four or five years, a period of economic downturn».

It is expected limited number of experts that the federal government resorts to offer direct assistance to the states, at least in the near term. And it is opposed to a lot of the Republican majority in the House of Representatives economic stimulus plan, and Washington is considering the recommendations of the debt reduction. And then some states resort to pay operating expenses, adding some of the new debt was not disclosed fully; The state of Arizona, which groans under the weight of the housing bubble ordnance, turned into a real estate deal for aid, reneged mainly to sell a lot of government buildings – including sale the tower, which is located where the governor’s office – in exchange for $ 735 million paid in advance, but the rental buildings over the next 20 years will cost taxpayers an additional $ 400 million in interest.

Many governments are at present to delay the financial allocations to fund her retirement, which will be needed in the end to payment, high interest rate – usually up to 8 per cent – is expected to accrue funds annually.

New York tended to balance its budget this year through the embezzlement of her retirement fund, and New Jersey Governor Chris Christie to pay $ 3.1 billion was owed to the pension funds this year.

Those hidden growing debt that has made a lot of analysts are showing great concern, owns States and localities currently deferred bonds by nearly $ 2.8 billion, but this figure dwarfs the debt deleted across many states of books.

And facing the local pensions and pension state – which is another form of futures religion guaranteed by some States in their constitutions – a deficit hidden in the budget, up to $ 3.5 trillion, according to some accounts, and health benefits promised by the state of large local government retirees, which is moving forward , it could cost the state more than $ 530 billion, according to the Government Accountability Office.

He says Jerome Powell, a visiting professor in partisan politics Center, who worked under the leadership of Secretary of the Treasury during the process of saving the savings and loans in the early nineties: «most of the financial crises come unexpectedly, and in time make you be ready to it. This time it is quite contrary, you expect a crisis, and it would be sin not to do something about it at the time, who still own the opportunity to do so ».

So far, investors accept to buy US bonds eagerly, with full belief that states and cities will be able to repay the debt, but recent weeks have seen declining demand for bond purchases clearly, mutual funds that invest in municipal bonds through the sale process, which is the largest operation sale within one week, more than it has done during the collapse of the financial markets in 2008, and hedge funds currently seeking to find ways to place bets against the debt with the help of some US investment banks.

There are some states, of course, that are not experiencing similar crises to Illinois and California, says credit rating agencies that the risk of default is very low debt. And put cities and states to pay the debt to bondholders as the most important priorities even before pay for necessary services.

The index «Standard & Poor’s» has issued a report saying that the crisis faced by states and localities is related to a greater on the hard decisions, more than expected defaults on debt.

Change in Categories

* Improved insurance ratings for a number of local governments this year, not because of financial finances seen the consolidation, but because the rating agencies changed the way deliberately through which to analyze governments.

New high classifications, which costs less than borrowing emphasizes the fact that the sweeteners deficit was rarer than corporate defaults.

«Moody» Foundation has issued in October (October) last report, I explained it behind classified the fifty States, which stated that in Illinois better credit risk than most non-US companies and financial reasons.

But some analysts fear that this assessment is overly optimistic, pointing out that the rating agencies also ruled out the possibility of a mortgage crisis. In spite of all agreement on the possibility of States unable to pay their debts, they are afraid to pay the suffering of the States of the accumulated debt problems, investors refused to buy the debt of weak states or local governments, which would be would make a crisis, because the US can not work unless you can borrow, and this crisis can be passed on to the proper States, which increases the cost for her. If Europe is the example for it.

And he warned Meredith Whitney, a banking analyst was among the first to warn of the impact of the collapse of the mortgage market will affect the banks, they see similar problems in financing state and local governments.

She said in an interview with Channel «CNBC»: «the position of the state seems like a lot to what it was before the crisis banks»; there is a strange similarity between the real estate debt crisis, looming on the horizon, and the crisis of municipal debt….

European Debt Crisis: When Banks Become More Countries

European Debt Crisis: When Banks Become More Countries Restores economic collapse in Ireland drafting rules for a way to assess the organizers and international Citidel APP Review investors to the extent of power of the state economies and banking systems, while more likely to exacerbate the problems of Europe and persistence for a longer time than expected.

Behind this change is a growing recognition that the financial obligations of major banks, the state has become, in fact, the financial obligations of the State itself, especially in Europe, where it is the States usually a bank by the systems are few and linked to the world and its obligations companies greatly exceed their host country’s economy.

European Union
European Union

And it intensified the feeling of these risks in Ireland, where the large investment and borrowing on the part of a number of companies the government was forced to one of two options: either to let its financial Citidel Investment APP Scam system collapsed during the 2008 crisis, or to issue a comprehensive guarantee is supported by the Irish State.

The government has adopted the latter option, but was troubled banks costs and bad debt great, so it became necessary for the State to resort to the IMF and the European Union Fund, and became Ireland a clear example of a new phenomenon, a banking system on the «very large national level so that can not be salvaged» , and reiterates that the situation in Iceland although not a significant impact on the global economy of the weakness linked to global markets.

When analysts look at the strength of the European countries, they do not look to government debt and spending and the sources of their income, but also look to the debts of its banks locally and globally. Has become the state debt and the debt of banks in Citidel LTD Investment APP Scam , according to the report, some analysts of «Barclays Capital» Bank in November (November).

Hang Tran, deputy director of the Institute of International Capital said: «we had banking crises, and we were suffering from a crisis of sovereign debt, but we currently have a combination of both», he participated Tran in the conduct of a recent study showed that the average financial obligations of systems Banking EU countries is greater than National four times their economies.

Tran adds that in contrast, the ratio in the United States, where he collects the money and are lending through the capital and other channels markets beyond traditional banks, limits, and one to almost one, and shows that while there is no risk inevitability related to the huge banking system if it is well organized and managed sound manner, some Citidel LTD APP Review in many European countries, he adds: «It’s the size of any inflation problem .. We have known that for a very small states to their banking systems, and so they float without a safety net».

This represents one of the causes of tension and the length of the period of negotiations, the European countries on ways to assist them in dealing with troubled economies. Hard to wait for help from Germany, one of the countries with a strong economy, due to increased Greek government to spend heavily on over the years, in light of the political context in which Germany has a saving and saving, while Greece enjoyed their time.

Now seek the support of Germany and other powerful countries to European governments and banks with it, and this represents the biggest financial commitments and the most serious view of the continued closure of some countries in the collapsed banks and consider the health of the other banks.

According to a recent study carried out by «Barclays» Bank, represented banks in Spain and the Netherlands, a major threat to the two governments, while banks formed in the same economy that Citidel LTD Investment APP supports it, such as Britain and small nations states, but important, such as Austria, Belgium, lower risk, although substantially as a result of the accumulation of debt by banks.

European leaders in Brussels this week, and it is an important recognition of the common responsibility, especially among the countries that deal in euros has been agreed on the establishment of a permanent crisis fund to help governments facing problems. But there is no agreement on the heavy burden, which is how the management of the Fund and the parties that will contribute to the terms and conditions that allow benefit from it, in light of sharp divisions.

Among the important issues, you will be asked to private investors to participate in the losses, which insisted upon Germany at a time when governments problems increase as a result of the bad practices of the private banks.

In the meantime, the market offers a simple contribution in respect of trillions of dollars that governments and banks will need to assembled next year in Europe and the United States to finance its operations, experiencing more problems. For example is the large banks in Spain, such as Automated Cash APP Software in a well-alone mode, the Spanish government and has received praise for having a substantial reduction in the budget and reforms in an attempt to control the public debt.

But you will need the banks and the Spanish government to collect $ 100 billion during the first months of the year. When analysts hopes the market, analysts such as «Barclays» Bank of the situation, said that investors do not look only to the risk that surround the writ singular but also to the total risk «within Spain.»

Tran said in a recent research paper that this concern has helped to raise the interest rates that investors from countries such as Spain and Portugal demanded more than the required interest rates from emerging markets rates, which the so-called Tran «unprecedented development».

International Monetary Fund or any other party any proposal to impose states did not provide limits on the size of the banking sector, a step that would be shocking for with huge financial sectors, such as Britain, Switzerland and countries. Says Ajay Chopra, president of the Irish mission to the International Monetary Fund, said that in the framework of the European rescue plan and the International Monetary Fund Ireland re-structuring of its banks to go out smaller banking system, but generally «There is no magical number.»

For example, a study conducted by the International Monetary Fund in the spring showed that the banking sector in Singapore and Hong Kong larger than their economies with six and eight times, however, the two countries could pass the crisis, thanks to the after strong government oversight and management to maintain large financial sums invested in the part of the world It is growing rapidly.

Switzerland has taken, its banking sector, which more than seven times the size of its economy, quick steps to address the problems faced by the «UPS» the World Bank’s huge real estate investments in the United States. Recently it announced that it was tougher than other countries concerning the capital to ensure the stability of its standards.

And pay the International Monetary Fund towards reaching an international treaty or other mechanism, through which the internationalization of costs in the case of the collapse of a major bank in a small country. This idea, known as «cross-border decision» is a difficult and politically, but they will recognize the nature of the modern banking system.

He said the International Monetary Fund, saying: «reduce any means a transparent and conducive to the collapse of a smooth and planned international banks with costs related to the ethical risk-sharing, and promote the system in the market», in reference to the possibility of the failure of the major banks in small countries by ensuring their procedures because they assume that It will be salvaged, but «there is an understanding and recognition of the obstacles that prevent a solution at the global level or even regional».

Is US Dollar Loses Its International Reserve Currency?

Is US Dollar Loses Its International Reserve Currency? When the world is undergoing disorder usually automatically investors rush to convert their money into dollars, on the grounds that «safe stocks» to protect their wealth. But notes that this trend decline in the current year, which saw a group of political unrest in the Middle East and also witnessed the disaster, the earthquake and subsequent tsunami in Japan, in addition to the debt crisis in Europe that deepened after the fall of the Portuguese government and the high interest rates on Centument Scam debt securities to 12.4 percent.

US Dollar
US Dollar

Despite the magnitude of these disasters and crises, it is noted that the dollar’s decline and the rate of exchange in large markets, and wealth instead of heading to the dollar and raise its value, came out of it to other currencies, especially the Swiss franc. According to the expectations of «Goldman Sachs» Bank of the dollar sliding a candidate for a great rate over the next 12 months, with the Reserve Bank directed to the implementation of «quantitative easing» third package. According to the American bank predicted in a report released on Wednesday and seen by Binary Review System, the dollar has been sliding against the pound and the euro and the Swiss franc. The bank does not rule out that the pound rises to $ 1.85, during the current year.

It is noted that the Swiss franc, which has achieved during the past 12 months rose by 8.0 per cent against the 10 major currencies, it has become the currency of «safe haven» Home after the deterioration of the value of the dollar.
But does this mean a slide that began since the middle of last year is expected to continue throughout the coming months that the dollar began to gradually lose its position as the keeper of Centument Scam wealth from corrosion in moments of crisis, or that there is a casual factors have affected the value of the greenback’s exchange rate. There is more of a question mark on the performance of the dollar and more than one interpretation posed by the experts during the last period but is it compelling enough to justify the large decline since the beginning of this year. Read the exchange rate indicators is noted that the US currency exchange rate continued to fall against major currencies since the beginning of the year, where he lost nearly 7.0 percent of its value against six major currencies, since the seventh of January (January) and nearly 14 of its value since June last . The main currencies of the six that make up the largest share of the global foreign exchange market and cash reserves as well as the dollar, the euro, yen, pound, Swiss franc, Canadian dollar and Australian dollar.

Some experts exchange and money they say the dollar’s decline this great event rate due to expectations for a rate of US interest rate, compared to the expected interest rates in major economies. They suggest that the Centument LTD Review expectations of the Federal Reserve Bank retains the (US central bank) interest rate low for a longer period compared with other central banks, which manages the major economies in Europe and Asia. As they justified as well as the significant decline in the dollar exchange rate, despite the severity of crises and unrest, saying that the financial crisis that hit the global financial system in 2008, has raised deep concerns amid investors and pushed the global liquidity and wealth to switch from other currencies to the dollar and thus the value of the dollar market since then it rose to the highest level of real value. In this sense, what is happening now from the decline in the value of the dollar is the process of correction in the US currency, which rose in the years of the financial crisis over the value of their real value. And therefore what is happening now is a correction of the decline in the greenback’s value, rather than a decline.

There is criticism of experts believe that America is aimed at weakening the dollar in the framework of «currency war» between the Group of Twenty to increase US exports.

These justifications are correct to some Centument Trading degree. But in any case, whatever the validity and it is certain that the dollar has lost some of the cast it as a currency «safe haven» during the recent and perhaps have a repercussions on the US and global economy in the coming years.
Perhaps supports the position of the dollar and global single currency without a rival is the weakness of other currencies. The euro is still groaning under the whips of creditors and the yuan has not yet freed from the control of China’s central economy, until it becomes free currency can be traded in foreign exchange markets and the system of international trade settlements.
And thus it can be a dollar so far «stronger vulnerable», and not as strong. And thus the risk of sliding dollar remains, but the list of these risks may take time amid the worsening debt of the United States and the growing US deficit spending and the continued weakness of domestic production and outgoing.
It does not appear that monetary policies and macroeconomic indicators of current and projected short-term factors supporting the rise of the dollar as seen «Goldman Sachs» Bank. On the monetary side, projections indicate that the Federal Reserve (the US central bank) will maintain low interest rates to zero and the asymptotic rate throughout the year. What supports this expectation Reserve Bank Chairman Ben Bernanke’s comments that repeatedly made clear where it will keep interest rates low in the short term and that it will sacrifice the prospects of rising inflation for the sake of growth, which gives him priority support. It is known that the interest rate was low whenever contributed to the depreciation of the currency compared Global Millionaires Club. Thus, the dollar exchange rate will not benefit from low interest rates, but would be affected them during the current year. There are more than 50 workers affect the price curves of the dollar in world currency markets. But it is important to note the four main factors.
First, at the macroeconomic level it is expected to see an improvement this year, slow decline in the unemployment rate. According to estimates of Ben Bernanke, the return of unemployment to normal levels (5 to 6 per cent) compared to Bmadelha the current 9.8 per cent will take a period of between 4 and 5 years. And therefore this slow improvement in unemployment, the dollar exchange rate level will not support.

Second, the level of growth, it is noted that the Reserve Bank see the forecast US growth at the end of last year because of the low number of new jobs that are available and other factors was betting it did not materialize. According to this review, the projections indicate that the US economy will grow less in 2011 ranged between «3 and 3.5» compared to previous expectations of a rate «3.5 and 4.2.» Since the Reserve Bank cut growth forecasts, and does not see that there is a need to fight inflation, this rate will not support the dollar’s exchange rate.
Third, at the level of the current account balance or trade balance, there is an improvement in the volume of US exports, but this increase is not a level that supports the dollar. It is noted that US exports to China rose in November (November) last year by $ 9.5 billion, which means an improvement, but not enough if we take into account that the United States has suffered a long period of accumulation of trade deficit which averaged over the past year about two billion dollar a day, or more than $ 720 billion a year. The fourth and final factor is the quantitative easing policy, which increased the size of the money supply for the second time through the implementation of purchases of debt securities governmental and non-governmental. The most recent purchases valued at $ 800 billion. This monetary policy has worked to reduce the value of the dollar and its effects continue to weaken the dollar. From this point Monetary experts agree that the improvement in the dollar exchange rate the chances would be minimal in the near future, that were not non-existent, especially since he failed to take advantage of the crises of the euro and the yen.

But it is the weak dollar is useful for the US economy and whether indeed a threat to America. It notes that the weak dollar has helped in many cases to increase exports and that many of the countries that girl power its growth on exports is working to make its currency weak to strengthen the competitive advantage of its goods in the global market. But what at the local level and Global Millionaires Club weakness of the dollar on the flow of investment to the US and finance the deficit.

At the local level, the weak dollar will raise the rate of inflation in the United States. Where the weak dollar will raise the value of the import bill in America, and the value of imported goods to the consumer. American citizen and therefore will find it in front of a higher bill for purchases of gasoline, electronics and ticket prices and tourism to Europe and a number of imported supplies. And this in the short term, but if continued weakness and continued for a long time, this will have serious repercussions on the US economy, which is facing a large deficit in the budget you pay to borrow money constantly to meet spending commitments. Usually the US Treasury auction sale of bonds to foreigners in order to obtain financing. The attractiveness of US Treasury bonds and represent private finance government deficits in importance, because foreign investors from the owners of savings in Asia and the oil and even Europe wish to obtain consistent returns and stable entry for their investments. The dollar was, until recently, provides this purpose and therefore money heaped on America from all over the world. This method is able to America over the last decades, and since the sixties of the last century of deficit financing easily and without facing any difficulty to the magnitude of the money coming to them. But if the dollar continues to decline for a long time against major currencies and kept «Federal Reserve» low interest rate in America, certainly by international investors and savers around the world will lose the advantage that they are attracted to the United States and put their savings in the dollar. If the owner of this weakness in the strength of competition, such as currency exchange rate of the euro and the yen it will raise the possibility of a change in the direction of the movement of global liquidity and possibly moving savings and savings from the dollar to the euro and other currencies that offer the best return.

Factor Interest rate:
The high interest rate usually works to increase the currency exchange rate, because the foreign investor to achieve higher earnings on its investments. It is noted that the Federal Reserve Bank confirmed more than once that it works to maintain a zero interest rate convergence in the short term with rival European Bank confirms that it is working to increase the interest rate in the short term. The Bank is heading «England», the British central bank to raise interest rates to fight inflation in the coming months. European bank and take a higher interest rate policy, in order to reduce the oil bill, which rose (oil above $ 110) as well as offset the increase in the prices of key commodities. And on the British level, the Bank of England to raise interest rates to combat inflation, which is expected to continue to rise to more than 4.0 per cent on average during the current year. In Japan, where the earthquake struck, the thing naturally expected that the value of the yen down against the dollar, the yen, but surprised everyone and rise to its highest level since World War II because of trends speculators who had expected that Japanese companies shift foreign savings to the yen to meet liquidity expenses as expected also that the insurance companies to pay huge compensation of up to nearly $ 40 billion, these funds will be transferred from the dollar and European currencies to the yen. And thus exchange markets is expected to increase demand for the yen at a great rate in the coming months. This expectation is that pushed the yen to rise to historic levels.

But despite fears of a sliding dollar of its Global Millionaires Club Scam dominant position, it is noted that there are several factors supporting the survival of the dollar as a «reserve currency» International in the short term. What it is not supported by the strength of the dollar, but the weakness of major currencies that compete with the dollar. Where the euro is suffering from the debt crisis that threatens the future survival unified currency of the European Union. The Chinese currency is not released yet and thus still outside the free exchange system. It is expected that the yen is suffering in the short term from the earthquake and tsunami and its repercussions on the level of nuclear power generation reactors disaster.

The pound decline in terms of its share in the global reserve currency because of the contraction of the UK economy and declining global influence. The only currency that has the strength and stability in the global foreign exchange market is the Swiss franc. But a small share does not live up to compete with the dollar.

From this point we can say that the dollar will remain in the short term and the medium term as a «global reserve currency» But in the long term there are doubts surrounding his future. Among the most important
Global Millionaires Club Scam factors that threaten its long-term, the US deficit, which amounted to more than $4 trillion US debt that exceeded 14 trillion dollars bomb and its benefits are service eat a large part of the US national income. In addition to these two factors the possibility that China frees full liberalization of its currency (the yuan) over the next 10 years and be a publicly traded freely in the global exchange market. Otherwise, America is still a rich country resources and technically superior and are able to change the balance of international trade.

US Bond Market 2016

US Bond Market 2016 In light of the failure of Congress and President Obama once again breaking the deadlock in the situation regarding the limits of religion, «Wall Street», Washington and directed their attention to an important question, which is: How long them to Centument Software investors? Said William Daily, White House chief of staff in «Face The Nation» Sunday morning program on Channel «CBS»: «probably be in front of us a few days of tension for the market and the world and Americans». And it indicates the initial reaction to the crisis to concern in global markets as the dollar lost strength against other currencies and the decline in futures in the US capital markets and the high price of gold, which is a store of value during times of doubt and uncertainty.

US Stocks
US Stocks

But nonetheless I enjoyed US Treasury bonds, which are long-time market more safer havens, which are resorted to in the world, relative stability of Centument Software
Fred Dickson, chief strategist in the company «Davidson Kambynaz» brokerage and money management in Montana says: «it is not surprising to see little response from global acts on the lack of any indication of near reaching an agreement. Maybe sale of bonds of 1 to 2 per cent. » It’s too early to know the impact of the impasse on the markets during the week and whether the sale of the bond rate will increase or not.

She told the Treasury Department that the government must reach an agreement by the second of August, otherwise you’ll run the risk of failing to meet its obligations such as interest on debt or social security or pay the salaries of federal employees for a temporary period.

Some investors believe that the United States will back down from its position on the private debt. Analysts have pointed out that the government is about to reach an important financial agreements in the past without a major collapse in the market. But the biggest concern in the markets remain represented in the loss of confidence of investors in Treasury bonds and the trend toward selling them, which would reduce the value and increase the interest rates on them. Said John Canavan, Centument Reviews market analyst at the company «Land Stone McCarthy Research» Research in Princeton, New Jersey, said he believed that some investors may sell US Treasuries to buy German bonds, or assets in Asia and in emerging countries with economies markets. He pointed out that foreign investors own a large share of the US debt than was the case several decades ago. Canavan and adds: «They do not have those bonds out of the national feeling, so it will dispose of them if they feel that kept them represents a threat». Canavan replied without hesitation when asked how long investors will become more nervous and tense, saying: «now. There is an exception in the case of whether reached a deal, but given the failure witnessed this week, I think that the confidence of the market back down ».

There was no strong reaction in Asian markets on Monday, as it dropped all of the indices «nee Kay 225» in Japan and «Straits Times» in Singapore by 0.8 per cent. The decline «Standard & Poor’s» index in Australia increased by 1.6 per cent, while «Shanghai Composite» index decline in the Chinese stock market by 3 per cent, with investors selling the shares of infrastructure after the collision of a massive train crash in eastern China last weekend.
Gold prices rose to a maximum nominal rates, as the price above $ 1 622 an ounce and the price of $ 1617 traded by the afternoon in Asia. And it decreased index futures «Standard & Poor’s 500 stock» by about 1 per cent.

European stock markets fell by 1 per cent or less, while swing the dollar exchange rate against other currencies. But he came back to rise against the euro and the British pound, but fell again against the yen fell to its lowest level against the Swiss franc, which is usually seen as a safe store of value. It is often difficult to determine the moment of the beginning of panic, the financial crisis in 2008, for example, go back to the summer of 2007, but it did not lead to total chaos in the Centument Review market for more than a year. He said a lot of government officials during that period that the situation is under control.

It includes the situation in the United States some of the classic ingredients for disorders of the sales process in the words of financial historians. Panic sometimes happens when uncertainty surrounds one of the assets that are seen as extremely safe. It includes other cases of financial turmoil speculation amounts in a particular investment, which is often a very safe and sometimes include low interest rates. Some financial historians believe that the markets have become more prone to panic than previously because of pumping a large amount of money in short-term investments such as money market funds. See David Moss, professor of economic policy at the Faculty of Business Administration at Harvard University, that the current situation is unusual, though in a manner that is important. He explained that the Treasury Binary Options ATM Review bonds a safe store of value during times of panic, so maybe people do not escape them. Moss added that the result may be «crazy rush» away from Treasuries or «not to take a position because of uncertainty».
Treasuries have been the cause pivotal to panic in the United States before, but Richard said Sylla, finance professor at the Stern School of Business at New York University, that American history provides examples of this, as in 1792 when a trader Treasuries suffered from problems, led that a sharp rise in bond market lost 25 per cent of its value.
After that hundred years the Congress was forced to convene an emergency session due to lack of gold reserves in the Treasury Department with foreign investors abandon the dollar versus gold in the words of Sila. He explained: «Now we can talk about that can happen if China sold all of its holdings of US Treasury bonds. In 1893, foreign investors do exactly this. » Sylla’s initial estimate of the current situation is «they are playing with fire in Washington, DC now.» Said Kevin Flanagan, head of fixed income at «Morgan Stanley Smith Barney», about it: «When you are in the area of ​​the bond be thinking in defaults like material Binary Options ATM that weaken Superman, so it is not the word you want to hear it». But perhaps because no one wants to talk seriously about panic, Moss and Silas and Flanagan said they do not believe in Washington’s ability to reach an agreement before the second of August (August) next. This will avoid technical default on short-term payment defaults and non-permanent default which could happen if the government was forced to postpone the payment of some financial obligations on a temporary basis, at the time of the budget to reach a special agreement.
In addition to monitoring market indicators such as the interest rate on Treasury prices. Traders said they were eager to see whether the Treasury will announce on Monday cut the size of new bond auction this week or not. The ministry has reduced the size of the Centument bonds offered in the auction over the last month to allow more flexibility in the case not to increase the debt limit next week.

Moss said he did not believe that many people who thought that the state may turn to the risk of a full default on its debt and refuses to pay. But he said the panic may «acquires a stand-alone life» in the event of the expiration of the deadline, which expires on the second of August, for example, in case the need to terminate the contracts that rely on bond. When it comes to permanent investors, it did not see David Armstrong, a financial advisor in Washington and Executive Director of the Foundation Centument LTD, a lot of panic, they just called him two cardholders than 125 clients last week, while not related one by the end of the week. And he explains: «does not seem that people think that it will end default on payment. Everyone is talking about it, while not a feel panicked him. »

Is it The End of US Debt?

Is it The End of US Debt? Each generation have an incentive to borrow funds be acquired in the future to spend on itself, but even our generation this, did not happen that do any generation of Americans that the same degree that they are doing it now, and the biggest reasons for this is that previous generations were not feel safe, they she was living without modern medicine and without modern technology and without modern welfare states, had been living a single disease, and drier one, one and a recession is not up to the extent of the disaster. They have a moral hatred for such things as over-leveraged, than increase them vulnerable.

American Debt 2016
American Debt 2016

Recently, Dow Focus Group System life has improved and become more secure, but the hatred of debt fell amid all the progress made, I started to companies that issue credit cards to lure more people to borrow, and discovered the politicians that they can buy votes with borrowed money, and people feel more comfortable as they debt.

We are witnessing today the era of leveraged, and became the community during the past several years much more extreme than ever before, despite three bubbles resulting from the debt occurred .. In the beginning, there was the Internet bubble, followed by real estate financing in the 2008 bubble, that we got now to the financial bubble. In the United States, the federal government has to borrow more than $6 trillion over the past four years alone, in an attempt to address the effects of the previous two bubbles, as US suffer in the face of agreements relating to pension retirement should not have been done at all, Europe stands on the brink of total collapse, in the absence of the ability of governments there to come to how to deal with the debt, and all the nations of the world have a debt ratio to gross domestic product amounting to or close to 90 per cent, which is the point at which the rate of growth then starts to slow down and stop the economic boom, and all this is due to the increase the possibility of debt sustainability.

The debate rages on between Democrats and Republicans on the need to accelerate the reduction of deficits, is that everyone is aware of the need to curb rein in debt at a certain Dow Jones Focus Group Login degree, and the problem is that no one was able to find the political means to achieve it.

And it summed up the commonly held view among politicians that the experts may criticize the debt, but voters do not care about the fact that, they do not want to face the consequences of their demands on spending, and will of your position if taken difficult decisions you have to take in order to reduce the cases of the existing deficit, but this takes debt to grow more and more, voters are those who want it.

But that may change, with the orientation of voters in Wisconsin to the polls to decide whether to withdraw confidence from Gov. Scott Walker or not. I’m not much a fan of the way followed by Walker in order to reduce debt. In such a period of difficult choices, it should be one of the basic principles used is that we are all in the same boat. If you would cut the share of influence on the decision of the opposition groups, it would have to reduce its share of your party you also, and this builds confidence and promotes progress from one department to the next. However, Walker did not do it, but the share of Equinox Trading Software Democrats only. But in the real world, there are no ideal options. Has adopted a walker at least in the strong influence of groups, has already managed to transform a deficit of $ 3.6 billion to a surplus of $ 150 million, though this may have been due to a dramatic increase in the collection of taxes, as allowed in front of the wishes of the school districts the possibility of providing resources allocated for health insurance so that it can be spent on the students of Finance.

Way Walker was an unpleasant way, but in the case of withdrawal of confidence from it, this will send a message generally exceed the effects Wisconsin much, where will be an Dow Jones Focus Group scam indication that the voters really are not willing to accept the harsh decisions aimed at debt reduction. In Washington and state capitals, this letter will lead to the consolidation of the view that the voters do not really care about indebtedness, also dispel any hope exists in this country has to avoid the occurrence of financial disaster.

In contrast, the win and Walker will serve as a marker, says expert organizing polls Scott Rasmussen constantly, that voters applying to politicians, Equinox Trading Software will be a sign that voters appreciate the value of reducing the deficit and that they would vote in favor of investigating that, even in the state remained their voices go to all the Democrats in the presidential elections held since 1984.

And any vote to keep Walker in office will not be a vote against the trade unions, but would vote against any special interest seeking to maintain the exorbitant advantages enjoyed by the middle class at the expense of the public good. I will predict that the presidential candidates that it is safe to talk specifically about what in December (next December), when they had to make choices difficult in terms of helplessness.

President Obama has refrained from participating in the race Wisconsin, and hope not to be so blatant political opportunism position of his side, but be really Recognizing that governments must face the obligations that can not be met. Mitt Romney has been more direct, but even he did not mention in his Equinox Trading Software campaign to the choices that will be conducted. If Walker wins, the presidential candidates will need to be clear before the election as it was Walker and clear after he was elected.

The era of leveraged cultural shift has begun, and it will require a gradual shift popularity in order to put an end to that era. It may be the last vote in the state of Wisconsin is the nation begins the moment you finally get rid of them embroiled in debt for decades.

Euro Bond Traders And Risk Bet

Euro Bond Traders And Risk Bet He used James Conrad, the young man with a twenty-seven-year-old devotee read suave manners, earn a living through his work in the Million Dollar Months APP sports betting company, estimates the likelihood of muddy land that affect the stability of horse races. In these days, it is betting on the muddy ground of a different kind, the European policies.

Binary Options Success
Binary Options Success

Conrad trading bonds in the euro area worth up to 3 billion pounds, or $4.7 billion, a day for the Royal Bank of Scotland. The betting is uncertain in both areas, but the largest amounts enormously in his current job, the amounts seem to impress everyone, including is. Conrad said: «How can you make someone understand you’ve traded bonds valued at one billion dollars?». He added: «billion. It’s easy to get lost your way in the zeros? ».

The bond market has emerged as a hero in Europe is a great economic crisis, represented a creative shift in power from politicians to investors relatively unknown and a group of Million Dollar Months APP bankers. It can bring down the daily appreciation of the collective governments and now holds the key to the survival of the euro.

If that market seems a mystery difficult to understand for the onlookers from the outside, in the interviews, bond traders admitted themselves that they are in a state of fear and confusion. They are now manipulating the amazing levels of risk and wealth for investors – government debt in the euro area amounting to 6.7 trillion euros, or $8.3 trillion, according to the European Central Bank.

The main economic concerns that have some European countries a huge amount of debt a key factor drives the market. And prompts many investors concerned about the environment and long-term risk of owning European government bonds, they have taken what they saw as rational decision to reduce the size of what they own stocks or bonds or even rescue. While European leaders believe that the common euro currency will survive the crisis, it is not all economists are very confident of that.

Some traders declared prompts fears that a huge number of their colleagues lack the skills required for the meaning of the conflicting signals from European leaders in the industry to explain become much more dependent on the political perception and intuition. And recognize that the volatility of short-term bond prices are not always an accurate reflection of the value and risk. However, the politicians usually make Million Dollar Months traders as the best example in a range of government policies – and often misunderstood, he said.

Tim Skeet, managing director of fixed income Royal Bank of Scotland, says: «We used to be able to measure everything precisely to the degree». He adds: «These days, there is not anything measurable. It is no longer related to significantly perform complex calculations detailed as far as it relates to the Greek wisdom. »

Economists tends to deal with the bond market as a rational player base budget imposes on politicians. And politicians are seen as the conscience of the public owns, pointing the finger at «the authors of the bond trading laws» on undermining the recovery of Europe and the state of well-being enjoyed by value. But the truth is different.

This helps fear among traders and their investors with severe neurological explain why higher prices for troubled countries such as Italy and Spain, and the reason for swing interest rates near negative territory for German bonds, the most reliable: Investors seem in a state of extreme panic than they pay actually to Berlin for the benefit of lending money .

But at the risk, there is also a big profit – in addition to the losses. Amounts controlled by the bond market now to make them vulnerable to the types of speculation and volatility and revenues more closely related to the stock market have resulted. With the arrival of government debt across the EU to 88 per cent of GDP, and even more than that in many countries the proportion, according to «Eurostat», some sovereign debt funds to investors achieved an estimated 9 per cent annual revenues. Of course, investors who owned the Greek government bonds from sharp losses when that State has failed to pay its debts suffered.

With a great deal of leverage at its disposal, can enjoy the bond market estimates strongly predict – the sense that they can achieve the same, so that affect the events, even as traders assess its trading platform.

If what investors and traders Spanish bonds as much as risky because the Spanish government may be unable to repay the debt, they are helping to increase the likelihood that Spain already unable to repay, to lift borrowing costs.

Nicholas Spiro, managing director of the Simple Profits Binary Options company, Consulting, based in the London-based specialized in sovereign credit risk company says: «Regardless of what you do the Spanish government – has done a lot already – they do not offer great help and in fact, Because the market is convinced that there is a greater need for a comprehensive rescue package. »

Of course it was not useful to the Spanish government continued throughout the months in denial or give the wrong idea about the depth of banking problems, as well as Greece’s deficit is already on its debt before that Spain is going through the financial crisis. Given the deep economic problems of Spain, some believe that it may be needed for the rescue package.

Traders complain in the House of Commons that if the politicians had expected that the bond market rally on the entire one opinion, it would be useful to bring together politicians equally to one opinion. Retrieves Olivier de Larosière claim to hold a crisis meeting in the West left the offices of the Simple Profits company Asset Management in Paris during a defining moment in June.

On that day, saw de Larosière, who as head of securities denominated Department of euro fixed-income company «Natixis», manages debt worth 18 billion euros, rising yield on Spanish bonds, which created ten years to higher than 7 per cent, while The Chancellor Angela Merkel and European counterparts are struggling to convince markets that Spain need a rescue package.

High yield, or interest rate, a bond with a low price. Each reflects the investment risk. The rise in the price indicates that the bonds bought by the de Larosière before they lose value.

When the news was announced on the bar de Larosière screen that the leaders have agreed in principle to lay the foundation of the banking union, which was demanded by the markets, revenues fell again. However, the pain did not last long.

He retrieves saying: «After the end of the week, began to raise questions within the stock market. And suddenly we realized that this will not be activated unless the right in 2013. »

De Larosière seemed in a state of acute anxiety so that it can not buy Spanish debt. It was not the only person. After a week of the Summit, the prices were higher than in the eve of the talks.

Perhaps it is the kind of negative perception – which pays at least partially legitimate concerns that European leaders are not in agreement on what they have taken – contagious, especially when mixed with real economic data have become increasingly alarming. These days, in the words of de Larosière, «should not be Italian bond yields where is», referring to the state that he believed that progress in carrying out political reforms was better than convicted beholden to him. However, it is still selling Italian debt, for fear that the difficult case of collective pessimism to Rome to collect the amount of 100 billion euros it needs this year.

He says: «This is not about economic fundamentals as far as it relates to basic human emotions – it is linked to fear». Of course, skeptics will say that with all the political progress made by Italy, but the bond prices reflect the fact that the debt level is still frighteningly high.

The fears of those new to most traders who have reached the age of majority when rated excellent credit carried most parts of Europe. The image was very quickly changed to the extent that Conrad, although it has not yet reached thirty years of age, had carried out the trading in eras.

In trading platform Royal Bank of Scotland, Conrad sits behind a wall of numbers that appear in real time: the proceeds of future contracts and table a letter written by the data color-coded versions of bonds in several colors appear on the seven computer screens.

However, in these days, his degree in history seem within reach. To determine the prices of bonds more than $ 600 a day – to support a minute – Conrad assessment of the results of the elections, one of the States in many ways the same as it seems important GDP report his own.

As someone who studied German literature and French, his colleague driving the Skate fears that modern markets are not well suited for this new world. «Some people are enormously dependent on models without asking questions», thus occur. He added: «we shift from a method based on the use of high-level technology and data driven and sensitive to its qualitative method based more on intuition».

Conrad is the only person in the office who holds a degree in the field of humanities. The four others, Simple Profits Program degrees in math or science, like most traders in the stock market.

While Conrad spends some of his time trying to estimate the changing political orientations, the owners of sports mentalities colleagues using his thoughts private trading purposes. Conrad and concludes that the results are not always consistent. He says: «There is a kind of irrationality to the market».