Yields have plunged from 6.5% to 5% over the past two weeks.
Comments »Monthly Archives: August 2011
FLASH: European Indices Close at Session Highs
European indices were +3% across the board, with Italy leading with a 4.1% gain.
Comments »Flash: Ban on Short Selling May Not Happen
***A Europe-wide short selling ban “does not look likely” according to a regulatory source***
Comments »Flash: Italian 10 Yr Now Under 5%
This is pre-crisis levels. Italian yields were at 5% in March.
Comments »Standford Finance Professor Darrell Duffie :”It is not 2008 yet, but it could get much worse since the sovereign debt problem is globally widespread”
“So far it’s not as bad as 2008, but it could get much worse because the sovereign debt concerns are much more global than the subprime mortgagerisk of 2008,” said Darrell Duffie, a professor of finance at Stanford and an expert on the banking system.
A growing lack of confidence is perhaps the most troubling similarity to 2008 and the biggest worry. “There’s a level of fear out there that is a little similar,” said Michael Hanson, a senior economist with Bank of America Merrill Lynch. “It’s not just the fundamentals. It’s the fear of the unknown.”
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SEC Probes Deere & Co. For Violations Overseas
FLASH: Markets Reach New Highs; DOW UP 300 Points
Natty Gas Supplies Grow Less Than Expected
FLASH: Spain Bans Short Selling
CNBC is reporting Spain has joined Italy and France in banning short selling.
Say goodbye to liquidity.
Comments »Austerity Will Drive America to Flounder in the Mire With The PIIGS
Deficit reduction should come at a time when revenues are increasing…
Comments »FLASH: European Stocks Charge Higher Following US Open
They reversed earlier losses and are now higher by 1.5% to 2.6%. They just needed good ole AA+ rated USA to lead them.
Comments »Alert: XOM Trips Circuit Breaker
Stock is halted following a sharp, flash crashesque, decline.
UPDATE: It looks like a bad print of 100 shares @ $63.47 is the culprit.
Comments »Fracking Fluids Could be Subject to Further Federal Controls
As far as i can tell, either hundreds to thousands of families/ land owners are complete liars or like we have seen in third world countries it is business as usual with no regard for the environment and people.
This story is very similar to tens of thousands of instances where corporations and government said it was safe and they were monitoring the situation. That is why we have high levels of cancer in refinery states, lawyers suing over asbestos, and oh yeah it was safe to breathe 911 air…
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Flash: Swiss Franc Down 5%
All sorts of rumors afloat from 1% penalty on deposits to the SNB pegging is lending to weakness.
Comments »Post Market Close Tonight Italy and France Will Post a Short Selling Ban
Banning Short Selling Has Never Worked; Are We Facing a Global Meltdown From Multiple Country Bans ?
Why not ban short selling all together for every stock, currency, and central bank on the planet ? Then we can reboot the entire world and get the party started…..lol
Comments »Trust U.S. Banks
Every time the shit hits the fan politicians, analysts, and now bankers, (given recent banking crisis,) tell you to be calm and not to worry.
It is time for everyone to know what is on the bank balance sheets…especially the Enron style level off balance sheet exposure.
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