Spain looks as if it’s sliding down the greasy path: A Spanish minister called on the European Central Bank to do more to stem the sovereign debt crisis as the cost of insuring the country’s …
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April 13, 2012
Spanish CDSs hit a new high: The cost of insuring against a Spanish default jumped to a record as Prime Minister Mariano Rajoy struggles to prevent the nation from becoming the fourth euro-region member to …
April 12, 2012
Nothing happened today, although I was recently gratified to learn I’m not the only one in the world who is worried about central clearing houses: IF THEY failed, there would be “mayhem”, says Paul Tucker …
April 11, 2012
Spain’s in trouble again: European Central Bank Executive Board member Benoit Coeure triggered speculation that the bank will revive its bond-purchase program to lower Spain’s borrowing costs as the region’s debt crisis threatens to boil …
April 10, 2012
A mention in the Globe & Mail led me to an IMF publication (Chapter 3 of of the April, 2012, World Economic Outlook) titled Dealing with Household Debt: Does household debt amplify downturns and weaken …
Boston Fed Releases 11H2 Research Review
The Boston Fed has released the 11H2 Research Review highlighting: Public Policy Discussion Papers An Economic Analysis of the 2010 Proposed Settlement between the Department of Justice and Credit Card Networks Classroom Peer Effects and …
April 9, 2012
The US jobs number was disappointing: Employers in the U.S. added fewer jobs than forecast in March, underscoring Federal Reserve Chairman Ben S. Bernanke’s concern that recent gains may not be sustained without a pickup …
April 5, 2012
Julie Dickson’s speech was not very interesting – just a shopping list of aspirations for a board. Of passing interest was: This leads me to explain why OSFI’s draft guideline (B-20) on Sound Residential Mortgage …
CSE.PR.A Downgraded to P-4(high) by S&P
Standard & Poor’s has announced: We are lowering our long-term corporate credit rating on Capstone Infrastructure Corp. to ‘BB+’ from ‘BBB-‘. We are also lowering our global scale preferred stock rating on Capstone to ‘B+’ …
April 4, 2012
There are rumours about Rona, too: In corporate news, Rona Inc. (TSX:RON) has denied that the company is up for sale after stock in the home renovation retailer jumped more than 12 per cent in …