So you thought Jackson Hole was just another gathering for the masters of the universe to have fun. While in part that may be true, there is a lot time for thesis and anti thesis to create synthesis. Here is one idea that has emerged and is being touted as the holy grail to save the economy.
Comments »Monthly Archives: September 2012
BOFA: Our Contrarian Indicator Is Close To Flashing Its Biggest ‘Buy’ Signal Since 1985
Then and Now: Are We Better Off Today vs the Last Administration ?
Spanish and Italian Bond Yields Fall on ECB Buying Plan
“Spanish and Italian notes rose after European Central Bank President Mario Draghi was said to tell officials he would be comfortable buying three-year securities to lower borrowing costs for nations in financial distress.
Yields on Spanish and Italian two-year debt fell to the least ever relative to 10-year bonds amid speculation the central bank’s action will provide only temporary respite, buying the nations time to plug their deficits. German 10-year bunds fell for a third day, pushing the yields up to the most in more than a week as demand for the safest assets waned. Austria sold bonds maturing in 2017 and 2019, while Greece’s securities advanced as it auctioned bills.
“We can expect the short end to perform pretty well, the comment that the ECB can go up to three years was positive news,” said Allan von Mehren, chief analyst at Danske Bank A/S (DANSKE) in Copenhagen. “There’s still a lot of uncertainty about the whole underlying structure of the project and that’s going to make it difficult for yields in the longer end to come down significantly.”
Comments »Black Gold Trades Higher on Speculation Over Future Debasement
The Aussie Dollar Jumps on Central Bank Holding Rates Steady
Unfortunately the Australian stock market did not do as well as the currency.
Comments »Moody’s Downgrades EU Outlook to Negative
“(NEW YORK) – Moody’s on Monday lowered the European Union’s long-term issuer rating outlook from stable to negative, saying the move reflected credit risks of the bloc’s key budget contributors.”
Comments »Asian and Emerging Markets Fall on $GS and $MCO Downgrades
$GS downgraded earnings for Chinese companies and a Korean auto maker add to the sour mood with poor a earnings report.
Comments »The Euro Remains Strong on Expectations of the Draghi Bond Buying Plan
The Euro was up in early trade, but has ticked a bit lower. All in all the Euro remains above 1.25+ in expectations that Draghi will ‘do what it takes’ to save the euro.
Comments »Global Markets Trade Lower, U.S. Futures are Unch
Yields for Italy, Spain, France, and Germany …
Comments »{VIDEO} United Airlines 787 – A New Era Is Born
On Volatility, Correlation, And Sentiment Shifts
The excellent, must-read article and accompanying graphs is available over at Zero Hedge.
Comments »Organic Food No Healthier Than Non-organic: Study
NEW YORK (Reuters Health) – Organic produce and meat typically isn’t any better for you than conventional varieties when it comes to vitamin and nutrient content, according to a new review of the evidence.
Read the rest here.
Comments »Moody’s Changes EU Ratings Outlook to Negative
(Reuters) – Moody’s Investors Service has changed to negative from stable its outlook on the Aaa long-term issuer rating of the European Union (EU).
Read the rest here.
Comments »Official Red Dawn (2012) Trailer
[youtube:http://www.youtube.com/watch?v=UoqlBHSePw0 603 500]
Comments »Best/Worst Performing Large Cap Stocks, Year to Date
Best/Worst Performing Stocks, Year to Date
Best/Worst Performing ETFs, Year to Date
Index Points to New Dawn for US Housing
The US housing market’s correction after that bubble appears to be finally at an end. This shows up in house prices, where the latest reading of the Case-Shiller 20-city index this week showed an increase over the past 12 months.
Read the rest here.
Comments »China HSBC PMI drops to 47.6, worst since March 2009
(Reuters) – A contraction in China’s factory sector activity intensified in August as both output and new orders dropped while manufacturers cut prices to compete for business, a survey showed on Monday.
Read the rest here.
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