Yearly Archives: 2011
Comcast Posts a Stronger Quarterly Profit
PIMCO’s Gross: U.S. banks need more capitalization
Nothing has change other than bailing out the banks; which have become even larger. Also given the 40:1 leverage MF Global had it is almost certain there are more shoes to drop.
Comments »The Euro Zone Expected to Fall Into Recession Given Recent Manufacturing Data
69% of Thousands Polled Believe The Clam Will Embark on QE3
“….“We are becoming increasingly persuaded that QE3 is coming, this time focused on purchases of mortgage-backed securities,” said Dana Saporta, U.S. economist at Credit Suisse in New York. “The best guess is at this meeting they’ll try to build some consensus around the idea and lay the groundwork for eventual purchases…..”
Comments »Jefferies Group Insists They Are No MF Global
The Dollar Eases Against the Euro Ahead of the Clam
Despite operation twist kicking off recently, the markets seem to expect some magic from the clam.
Comments »Romania Unexpectedly Cuts Interest Rates to 6%
Papandreou Says the Referendum Will Confirm Greek Conviction to Stay in the Euro
Japan Digs a Hole of $510 Billion From Yen Sales
Like Switzerland you have to ask how long can this go on for ? Granted they can print, but it seems a fruitless effort.
Comments »Nissan Raises Guidance
A Strong Yen and The Thailand Floods Have Put Sony in the $1.2 Billion Loss Camp
Sony has slashed production and sales targets while guiding a loss of $1.2 billion.
Comments »Crude Oil and Other Commodities Buck the Trend and Prevent Markets From Free Fall
Speculation that the ECB will force the hand of Greece and hopes the clam will announce QE3 have oil and basic materials trading higher essentially holding up world markets at this point. Also in Europe automakers are trading well.
Comments »Global Markets Pare Some Losses & U.S. Futures Trade in the Green Above Fair Value
S&P Futures Well Above Fair Value
Futs are +12 above fv and Dow futs are +104.
Comments »Bellwether: Voters in Colorado Reject Statewide Tax Increases
Colorado voters have rejected an attempt to raise state income and sales taxes to fund education, The Denver Post has declared.
With 61 percent of precincts reporting, Proposition 103 was going down in flames across the state, with 35 percent in favor to 65 percent against.
That was also true in Denver. With 86,978 ballots counted through 8:30 p.m., the measure was failing 45.3 percent to 54.7 percent.
Even in liberal Boulder County — home to the measure’s chief supporter — the measure was struggling. Most recent results showed it was winning there, but just by 1,804 votes.
State Sen. Rollie Heath, D-Boulder, the face of the Support Our Schools Bright Colorado campaign in favor of the ballot measure, conceded defeat less than an hour after polls closed.
“It’s clear the people of this state aren’t ready right now to tax themselves to solve this problem,” Heath said to supporters. “But I hope the people of this state will come together and say, ‘We need to make some changes. We need to find a way to finance our education in a different way.’
“If we have accomplished anything, we have set that conversation in motion.”
Heath almost single-handedly led the effort to put the issue on the ballot, drawing only limited support from fellow Democrats and unable to get Gov. John Hickenlooper, the state’s top Democrat and one who pledged to remain neutral, on board.
Heath personally gathered signatures and even donated $10,000 of his own money to the campaign. Supporters raised more than $600,000 in the effort to pass 103, while opponents raised less than a tenth of that.
“The voters of Colorado have spoken loud and clear that this is a measure that would have killed jobs,” said former state Rep. Victor Mitchell, R-Castle Rock, who led the Save Colorado Jobs campaign.
Read the rest here.
Comments »Groupon IPO a Big Test For Secondary Markets
#OWS and the Tea Party Unite to Fight One Common Enemy
[youtube://http://www.youtube.com/watch?v=XyNNTmSCcao&feature=player_embedded 450 300]
Okay nobody has united yet, but never say never….or you be a sheeple slave till you take that dirt nap…
[youtube://http://www.youtube.com/watch?v=5LvwzanCLCo 450 300] Comments »Dems Copy Cat EU Transaction Tax
Republicans will certainly shoot it down…so the chances of this tax becoming law is slim to none.
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