Econintersect:  J. Kyle Bass, head of Dallas-based hedge fund Hayman Advisors LP, says Japan is reaching the end of the road of insolvency.  To be more specific he says the current actions in Japan and in the Japanese bond market is the "beginning of the… more »

Econintersect:  The Commodity and Futures Trading Commission (CFTC), a U.S. government regulatory agency, has resolved a complaint against Barclays Bank (NYSE:BCS) related to the LIBOR rate fixing scandal.  On 28 June 2012 the complaint was published; it… more »

Econontersect:  Economist Mark Perry (Carpe Diem) pointed out last week that the New York Fed inflation risk gauge is stuck on zero.  This is a metric which uses the slope of the yield curve (from the 3-month rate out to the 10-year rate) to determine the probability of recession within the next twelve months. more »

The members of the European Union) (EU) have agreed on a broadly based new plan to halt the further deterioration of the financial system in the Eurozone. The plan has many of the elements reported as recently as yesterday by GEI News, including a doubling of the EU/IMF (International Monetary Fund) rescue infusion with an additional €109 billion, contributions from private sector bondholders and authorization of the EFSF (European Financial Stability Facility) to buy bonds in the secondary market if the ECB deems that necessary to maintain market stability. more »