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No Details Juncker gave no details about a possible recalibration of the “voluntary” debt exchange, the new element in a package hammered out in July after last year’s 110 billion-euro lifeline failed to stabilize Greece. The Institute of International Finance industry group estimates...

SAN FRANCISCO (MarketWatch) -- Members of the euro zone will do everything to avoid a Greek debt default, Jean-Claude Juncker, prime minister of Luxembourg and president of the Eurogroup of finance ministers said Monday. Speaking at a late-night news conference broadcast over the Internet...

(Reuters) - China's foreign ministry said it "adamantly opposes" a bill being pushed by the Senate to allow the United States to impose duties on countries that undervalue their currencies. In a statement posted on China's official government website (www.gov.cn) on Tuesday, foreign ministry...

Miserable. Nothing more to add.

(Reuters) - Euro zone finance ministers are reviewing the size of the private sector's involvement in a second international bailout package for Greece, a move that could undermine the aid program and hasten the threat of a Greek default. Ministers also agreed after a meeting in Luxembourg...

I hope so VERY MUCH.

You have no clue. Proof for idiocy beyond any imagination is today´s equity market action. Fund managers run after each other like a herd of lemmings. Have done so in the past, will do so in the future. There is no cure to this.

A 30-year-old New Yorker who was barred from the securities industry last year may be behind an increasingly popular financial blog known as Zerohedge.com, which is catching flack for its obsession with anonymity. Daniel Ivandjiiski, whose most recently listed address is on the Upper East...

Was Morgan Stanley the only bank sueing them for plagiarism? http://www.businessinsider.com/report-morgan-stanley-looking-into-legal-action-against-zerohedge-2010-1

Europe must raise the amount of funds it has earmarked to arrest its fiscal crisis and deploy a 2 trillion-euro ($2.7 trillion) “bazooka” before time runs out, said Nouriel Roubini, chairman of Roubini Global Economics LLC. “I’m very concerned of things getting out of control,”...

Criminal syndicate? Sorry, I must correct you. It is totally legal: Federal Reserve Act Section 2A. Monetary Policy Objectives The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates...

The rout that erased $2.9 trillion from U.S. equities has pushed valuations in the Standard & Poor’s 500 Index 25 percent below the average level from the last nine recessions, even as profit estimates fall. Companies in the benchmark gauge for American equities trade at 10.2 times 2012...

Can Greece declare its monetary independence, too? :D

France and Germany are holding only aggregated 17% of Greek bond exposure. This whole "Greek situation" is simply FEAR MONGERING from clueless media outlets...

Pessimism reigns among investors. A full 93 percent expect Greece to default, according to Bloomberg’s quarterly Global Poll last week. Some 56 percent said Portugal is heading for the same fate, while a majority now sees Ireland, the third aid recipient, returning to fiscal health...

So many quadrillions, trillions and billions mentioned on this site, I get a headache...

Hum, I thought JP Morgan is sitting on a 11 figures "loss". Yet, I see Jamie Dimon still laughing and joking.... MUST BE THAT ZEROHEDGE SHOWED ONCE AGAIN ITS INCOMPETENCE in its ever surreal world of half truths...

YAWN. You don´t get it that Warren B. has set a "bottom", or?

Let's Worry About Everything From Goldman Sachs Asset Management Chairman, Jim O'Neill On Friday in Paternoster Square outside our London offices, there was an Abba tribute band entertaining lunchtime workers in this gorgeous Summer sunshine we are enjoying. I ate my sandwich watching...