More diversification for people who do not know where to tuck their money away.
Comments »Monthly Archives: July 2011
China Tries to Step up Loan Loss Provisions as They Anticipate Not Enough is on Hand
Too many bad loans on the books. The banks have been slow to settle or call in bad loans.
Comments »Oil Falls in Over Night Trade
Greek Bondholders May Renig on Reinvestment Agreement Given Projected Losses of 20-50%
Analyst project bond losses to be anywhere from 20-50%. Given this loss it is suspected that bondholders may not reinvest into Greek securities.
Comments »Debt Ceiling Crisis “Collective Insanity”
“A default because of a failure to raise the Federal debt ceiling would be an act of collective insanity,” Buiter, London-based chief economist for Citigroup, wrote in a note dated July 28. “The implications of even a technical U.S. default are likely to be severe both for the U.S. and the world economy, involving a widespread rise in public and private funding costs, a generalized fall in asset prices, and a large hit to economic growth.”
Comments »Flash: Moody’s Places Spain on Downgrade Review
Late Night Fun: But it Hurts….Really
Here’s a Twist: Blame The Right For Not Extracting Americas Oil Reserves
Ron Paul: U.S.To Raise Debt Limit and Then Will Default by Inflation
Asian Markets Fall on Debt Folly and Technology Guidance
Nothing new in debt talks other than the GOP canceling their vote which was postponed twice this evening. Boehner probably can not rally the votes needed for his debt plan.
Nintendo and Samsung post lower eps & guide lower.
Comments »Flash: The United States Congress Sucks
As a result, Asian markets are dropping, down 1% across the board. And, U.S. futures are down 10 on the S&P.
Comments »Dow Futures Dive Lower as GOP Delays Debt Ceiling Vote
Off by 84 now and getting grim.
Comments »Expedia, EXPE, Reports Revenue Growth of 23% and Hits $1 Billion in Quarterly Revenue
Southwestern Energy, SWN, Posts $0.48 in EPS; Net Income up 37%
Starbucks, SBUX, Posts $0.36 in EPS vs Consensus of $0.34 on Revenues of $2.9Bn vs Consensus of $2.844 Bn
U.S. Markets Pare Early Morning Gains as Debt Optimism Fades
Party on Wayne…..Party on Garth
LMAO – Pelosi: “We’re trying to save life on this planet as we know it today.”
D.R. Horton Posts Better Than Expected and Takes The Sector Higher
YOY they went from $0.16 to $0.09, revenues down too, but stock rallies and takes the sector higher….
Comments »Late Afternoon Fun: …And We Can’t Even Clean Up Our Debt Problems
[youtube:http://www.youtube.com/watch?v=YIMigVo1pyA 450 300] Comments »