America has changed dramatically over the past decade; imo not for the good of our country….
Comments »Monthly Archives: August 2011
Flash: Spain Cancels Bond Auction
Spanish Treasury says cancels plans to issue bonds on August 18th; plan to issue new 5-year bond on September 1st
Comments »New Hash Tag Taking Flight on the Interwebs #gfc2
European Markets Implode Into the Close Over Italian and Spainish Debt Woes
European markets are FUGLY….the only blessing is they will close in 18 minutes….
Comments »Eurozone Bailout Fund Not Equipped to Handle Italy or Spain
IMF Chief Christine Legarde to Be Investigated for Shady Financial Dealings
Seems like wo ever heads this post is getting whacked one way or the other….
Comments »CEBR: Italy is Bound to Default
The Center for Economics and Business research says even if yields drop and Euro growth picks up that Italy is bound to default…
Comments »Italian Markets Halted; Euro Problems Need More Than a Quick Fix
Shitaly’s market has been halted into the close. The ECB has bot up bonds, but fears of a real bailout of Italy is becoming harder to believe given their size….
Comments »Flash: Italy’s “Technical Problems” Persist
The Italian markets are not updating.
Comments »Milan, Aug 4 – 16:22
Subject: FTSE MIB index – Traders are informed that the value of the FTSE MIB index might not be updated in real time basis. Further communication will follow.
Natty Gas Inventories Build More Than Consensus
42 bcf vs consensus of 37 bcf….
Comments »Analysts: “Sell Hysteria and Buy Panic”
Mind you Art Cashin is talking up as potential double bottom for today’s action despite being 5.5 hrs from the close.
Comments »Cargill Recalls 36 Million Lbs. of Ground Turkey
Treasury: U.S. Borrowing Costs Exceed 100% of GDP
ICF Study Suggests Electricity Prices Could Sky Rocket
Rate increases are expected as older coal burning plants are replaced with natty gas burning plants…
Comments »Peter Schiff: Get Out Of Dollar-Denominated Assets
This has been his mantra for nearly a decade. While you could have made money in dollar denominated assets the question is where do you stand in terms of value and purchasing power ?
Comments »US Treasury: Dollar Could Lose Reserve Status
“The idea of a reserve currency is that it is built on strength, not typically that it is ‘best among poor choices’,” page 35 of presentation made by one committee member said. “The fact that there are not currently viable alternatives to the U.S. dollar is a hollow victory and perhaps portends a deteriorating fate.”
Comments »BARCLAYS: “significant challenges remain in completing a deal and that Barnes & Noble is unlikely to be successfully acquired “
Discount Retailers Post Good Retail Sales Numbers
Government Motors, GM, Handily Beats the Street
Recession proof cost cutting measures have given GM a better profit margin while they also beat the street in revenues.
Comments »ECB Changes Policy Stance on QE
While there policies are not named or exactly like QE they are trying to exchange bonds in order to create liquidity.
In essence the bond buying continues due to a near frozen banking system.
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