September 2011

• 1 September 2011

Global equity markets lost $4 trillion for the month of August after rebound

* 2 September 2011

El Erian (PIMCO) says Europe is going to be pushed in another direction. The debt load is too big and likelihood of recession is  50%

* 2 September 2011

Sovereign Debt Default advance to a NEW record in Europe as U.S. stagnates

* 12 September 2011  

Confidence, Contagion , Capital- the  three topics that dominate the markets

* 12 September 2011 Danny Blancheflower; “Tide has come in” on Europe, panic has already set in. It feels very bad and some are saying the reverberations of 2008 are ever present with shades of 1931

* 20 September 2011

1. IMF predicts slower U.S growth in the U.S 2011 & 2012 on debt concerns and confidence!!

2. IMF cuts GLOBAL GROWTH outlook on Europe`s debt woes  will worsen outlook

3. IMF cuts Russia growth outlook on lower oil

4. IMF reduces Eastern European growth on Europe`s debt woes

5. IMF cuts EURO area growth 2011/12 from 1, 6% to 1,1 %

6. IMF warns of severe repercussions from the European crisis

7. IMF- SUB SAHARAN growth forecast cut on European concerns.

* 20 September 2011

Robert Zoelich- World Bank Presidents-The part we have to watch most now is confidence in the developing world.”Ripple’ effects from Europe to other countries. Watch out for all sorts of protectionism, e.g. TRADE, CURRENCY.

* FED may extend duration of TREASURIES with OPERATION TWIST

* 21 September 2011.

* * 1. Bullion vaults are running out of space as GOLD accelerates. Banks like Barclays are building additional vaults.

* *  2.IMF WARNS TODAY THAT THE INTERNATIONA:L ECONOMIC SYSTEM IS WEAKER TODAY THAN 2008

* 22 September 2011

* *  Fed warns that there are ‘significant’ risks to the downside- European stocks & Banks slide

* 23 September 2011

            Global stocks drop 20% into BEAR markets. ( Expect a further 30% NB)

1. 1. Default risk soars to highest level as RUBLE tumbles- Russia credit

     2. EUROPE funding gap may be as much as $4 trillion. CHART OF The DAY
     3. FRENCH Bank holdings of Greece debt was $672 billion by the end of March. European banks haunted by debt Exposure may result in a further downgrade of 70%
     4. **$10 trillion written off and counting. Back to October 2008 (** $3.5 trillion was wiped off world markets last week)
     5. **BIS says the funding gap for banks is $4 trillion**
     6. **Default risk goes to the highest levels since 2009 as bonds** **tumble**
     7. US Treasury Secretary T Geithner warns: Cascading default, bank runs & catastrophic risk