Usual suspects like politicians at home and abroad bickering over money troubles.
Comments »A Review of Bernanke’s Speech Last Night From Ritholtz @ The Big Picture
Gapping Up and down This Morning
Gapping Up
DB +6.8%, UBS +4.6%, BCS +4.4%, NOK +4.1%, STD +5.6%, CS +4.9%, ING +4.3%, MT +3.5%, SLV +2.9%, TOT +2.8%,
CEO +2.4%, BHP +1.7%, HPQ +1.3%, BBY +1.1%, BP +1%, TWI +3%, NOK +4.1%, EK +3.2%, WLL +3.1%, HBC +2%, MT +2.2%, GLD +0.5%,
CEO +2.4%, RIG +1.9%, TOT +1.7%, OKS +2%, LAYN +1%, FTI +2%, SDRL +1.4%, FRO +4.2%,
Gapping Down
WOR -2.2%, MOS -1.7%, ITRI -2.8%, AMD -10.4%, EW -3.6%, BDSI -54.2%TXI -2.4%,
Comments »Understanding Euro Speak
Bloomberg Poll Shows 72% Expect Financial Meltdown, A Country Exiting the Euro, and Civil Unrest
Michael Savage Opines on Obama’s Solar Scams
[youtube:http://www.youtube.com/watch?v=aOt7q9BKXjo&feature=feedu 603 500]
Comments »Bernanke May Cut Rates To Avoid Deflation
“It is something that we’re going to be watching very carefully,” Bernanke said in response to questions from the audience at a forum sponsored by the Cleveland Fed.
“If inflation falls too low or inflation expectations fall too low, that would be something we have to respond to because we do not want deflation,” Bernanke said.
Comments »Italian Bank Executives Talk of Domino Nuclear Winter
Gary Shilling Beats The Bearish War Drums
China’s Growth Predicted to Fall in Half by 2016
Of those polled the consensus is that growth is slowing, but the differences in opinion are in time value.
Comments »Ukraine Expected To Default Soon
UBS Analysis States They Have Proof That Business Activity Did Not Collapse Last Q
Goldman Out With a Fresh Look on China
Hoenig Says Dollar to Remain Top Fiat Currency
Well he said the world’s reserve currency, but you get the drift….gotta wonder why he is pitching this.
Comments »The Eureca Project: A Report on How to Fix Greece That is Getting a Readership Buzz
In Depth Commentary on the Euro Crisis From Nouriel Roubini
Despite any real resolutions Roubini feels the EFSF and possibly the ECB will basically run out of money.
Perhaps this is why the IMF announced this weekend that they are looking to raise some money to deal with the Euro crisis.
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