By Bob Stokes
11/15/2011 5:15:00 PM
A big bet on European sovereign debt was the undoing of MF Global. Our latest Financial Forecast says "...Europe is the epicenter of the credit crisis," and observes that "The current level of unpayable debt is too big to bail." It's reasonable to believe that many more financial shoes will drop. What do we see just ahead?...
Filed Under: bailouts, conquer the crash, credit crisis, credit default swaps, credit rating, debt crisis, debt downgrade, economic depression, European debt crisis, European Union (EU), eurozone, Robert Prechter, soverign debt crisis
Category: U.S. Economy
By Bob Stokes
6/15/2011 5:15:00 PM
Well before the current round of headlines about the sovereign debt crisis -- our European Short Term Update forecasted higher yields for some debt plagued European countries. See how one of those forecasts turned out...
Filed Under: credit default swaps, credit rating, Elliott wave, european central bank, European Union (EU), eurozone, Irish debt crisis, Keltner channels, market forecasts, Sovereign Debt, soverign debt crisis
Category: European Markets
By Bob Stokes
5/5/2011 5:15:00 PM
But after the bailouts of Greece and Ireland, the rally in Europe's bourses seemed like a "pause" button on the sovereign debt crisis. In reality, the "play" button was never turned off...
Filed Under: bailouts, credit crisis, credit default swaps, european central bank, European Union (EU), eurozone, Greek debt, International Monetary Fund (IMF), Irish debt crisis
Category: Global Markets
By Bob Stokes
12/22/2010 5:00:00 PM
It's clear that you cannot count on the mainstream media to alert you to economic trends in time to protect yourself and your family. Their alerts come way too late. The Financial Forecast Service lets you know what we see, before the mainstream crowd. The municipal debt bomb is ticking, and the ticking sound is getting louder...
Filed Under: credit crisis, credit default swaps, municipal bonds
Category: U.S. Economy
By Bob Stokes
12/6/2010 5:00:00 PM
A major sign of eroding confidence is the recent cost of sovereign credit default swaps. Think of this as the cost of "insurance against" a European nation defaulting. The cost of this insurance has been rising, which indicates further deterioration in the already "fragile confidence."...
Filed Under: credit default swaps, deflation, euro stoxx 50, European Union (EU), eurozone, market forecasts, Greek debt, Irish debt crisis, Sovereign Debt
Category: European Markets
By Nico Isaac
9/9/2010 11:00:00 AM
At the start of this year, the mainstream financial experts divided Europe's economy into two very different "animals": The PIGS (Portugal, Italy Greece and Spain) were sent off to the market to get slaughtered. But the "Celtic Tiger" of Ireland bared its razor-sharp teeth in a show of fierce autonomy and austerity. Flash ahead to today -- how things have changed...
Filed Under: Irish debt crisis, credit default swaps
Category: European Markets
Hanging by a Single Horsehair
Significant problems lie ahead for our new President and Congress.
By Bill Fox, Senior Bonds Analyst
11/11/2008 3:30:00 PM
Fear and greed. The human predilection for cyclic, emotional progression and the basis of the Elliott Wave Principle. We are up to our necks in the fear side of the cycle, and for plenty of good reasons. The Sword of Damocles was only hanging by a single horsehair. Just how much weight can that horsehair support?
Filed Under: U.S. Treasuries, gross domestic product (GDP), credit default swaps, U.S. Federal Reserve (the Fed)
Category: U.S. Economy
By Susan C. Walker
10/3/2008 4:30:00 PM
The most famous line delivered by Pogo was, "We have met the enemy, and he is us." That sentiment perfectly captures what the muck-a-mucks on Wall Street should be thinking as they look around the financial landscape and realize that the credit default swaps they purchased as insurance against their risky securities bets have all blown up.
Filed Under: credit default swaps
Category: U.S. Economy
By Susan C. Walker
5/21/2008 11:00:00 AM
While a failure in the swaps market could crush many hedge funds that deal in them, Elliott Wave International's Bob Prechter sees an even more basic reason why they will ultimately come to a bad end – that's because they're not really hedgers, they are merely buyers
Filed Under: hedge funds, credit crisis, credit default swaps, Bear Stearns
Category: Classic Prechter