Press Review on the Global Systemic Crisis

Alert for the second half of 2013: Global systemic crisis II
In the face of the coming conflagration, the main private financial players (banks, hedge funds, etc.) are currently in “devil take the hindmost”, or rather “Goldman and the others first”, and are trying to resell their products to unsuspecting investors before they lose their value. These are signals that do not lie on the impending shock. The gold mini crash in April, the rise in sovereign bond interest rates and Goldman Sachs’ recommendation to sell US Treasury bonds, stock exchanges which fall heavily some days, all that reflects major players’ withdrawal from the markets on the sly...
LEAP/E2020 - Excerpt GEAB N°76 (June 2013)
US first quarter GDP figure revised downward from initial estimate
Gross domestic product expanded at a 1.8% annual rate, the Commerce Department said in its final estimate today. Output was previously reported to have risen at a 2.4% pace after a 0.4% stall speed in the fourth quarter...
RTé
Gays Win While Blacks Lose Ground in Historic Court Rulings
The U.S. Supreme Court ended its blockbuster civil-rights term pointing in opposite directions: cutting legal protections for racial minorities even as it bolstered them for gays...
Business Week
« La crise va encore frapper »
Dans son dernier numéro GEAB, la lettre confidentielle du Laboratoire européen d’anticipation politique (LEAP) annonce « une explosion sociale à l’échelle planétaire » dans les six mois qui viennent. La situation serait « hors de contrôle». Le groupe de réflexion se dit « très pessimiste » pour la France et l’Europe. Explications avec sa présidente, Marie-Hélène Caillol...
L'Info du Jour
EU reaches deal to curtail bank-failure bailouts
European Union finance ministers early on Thursday agreed on new rules for dealing with failing banks, in an effort to curtail the cost of taxpayer-funded bailouts...
Market Watch
Euro zone economic mood rises to 13-month high in June
Euro zone economic confidence improved by more than expected in June, rising to its highest level in a little over a year, a sign that Europe could be emerging from nearly three years of slump brought about by its debt and economic crisis...
Reuters
New dynamic in Iran's European ties
The election of moderate cleric Hassan Rouhani as Iran's new president sets the stage for fresh thinking on the troubled relationship between Iran and the European Union and the subset of Tehran's ties with Paris...
Asia Times
Le gazoduc Nabucco ne verra pas le jour
C'est la fin du rêve d'indépendance gazière de la Commission européenne. Le gazoduc Nabucco n'a pas été choisi par le consortium de gaz azeri. C'est un gazoduc concurrent, beaucoup moins ambitieux, qui devrait écouler le gaz de la Caspienne dans cinq ans...
RFI
Fed's QE3 decision causes stir
In a phone conversation with his Brazilian counterpart Dilma Rousseff on Monday, President Xi Jinping noted that some new and complex elements have occurred in international financial markets that deserved the BRICS nations' close attention...
China Daily
Detroit receiver’s plan has muni market on edge
Just before the small Rhode Island city of Central Falls filed for bankruptcy in 2011, the state legislature quietly passed a law that gave holders of the bonds backed by a municipality’s taxing power first pick of the city’s revenues in a restructuring....
Market Watch
BIS fears fresh bank crisis from global bond spike
Soaring bond yields across the world threaten trillion of dollars in losses for investors and a fresh financial crisis unless banks are braced for the shock, the Bank for International Settlements has warned...
The Telegraph
Russia agrees $270 billion oil deal with China
Russian oil major OAO Rosneft has agreed on a 25-year contract with China to deliver 365 million tons of oil to the country in a deal worth $270 billion. Russia already supplies China with 15 million tons of oil annually...
Market Watch
Budget 2014 : Berlin présente le déficit le plus bas depuis quarante ans
Comme en France, l'Allemagne prévoit l'an prochain de réduire le train de vie de l'Etat. Mais pas à dose homéopathique. Les dépenses inscrites au budget fédéral pour 2014 sont en recul, à 295 milliards d'euros, contre 310 milliards prévus cette année...
Les Echos
Morsi: Divisions threaten to paralyse Egypt
Egypt's President Mohammed Morsi has said that the polarised state of the country's politics was threatening democracy and could plunge the nation into chaos...
Al Jazeera
Witch Hunt Burning Turkish Bonds as Erdogan Lashes at Koc
Investors are driving up bond yields of Turkish companies as concern mounts that Prime Minister Recep Tayyip Erdogan will take action against some for their alleged complicity in the unrest that spread this month in the nation...
Bloomberg