FLASH: Another Rumor Arises Propping up European Markets Briefly
A French newspaper floated a rumor that Merkel and Sacozy spoke yesterday to make an announcement today about sustaining Greece within the Euro.
The French government is currently stating that they are planning any public comments or announcements for today.
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Profit Estimates For Goldman Get Slashed
Russia Considers Growth Concerns and a Weak Ruble @ $60 Oil
Will we see $60 oil ? OPEC will surely try to keep prices up, but a global slowdown coupled with possible liquidity concerns and deflation could bring about such a scenario.
Comments »Aussie Dollar Continues to Fall on Global Growth Concerns
Gold Trades Flat on Profit Taking and Growing Liquidity Concerns
Global Markets and the Euro Pare Gains and Go Negative as China Rumor Fizzles
Yesterday’s Market Rallying Rumor of China Buying Italian Debt Still Remains a Rumor
Markets are seriously in peril when a rumor turns it on a dime. I do hope the rumor turns out to be true, but one can not invest on rumors from desperate people during desperate times.
Comments »BNP Paribas Denies Rumors of NOT Being Able to Take Dollar Funding Stipends
A rumor broke yesterday as a direct quote from someone in the know stating ”
We can no longer borrow dollars. US money-market funds are not lending to us anymore.”
The bank released a statement Tuesday saying, “BNP Paribas [BNP-FR 24.57 -1.55 (-5.93%) ] categorically denies the statements made by this anonymous source and confirms that it is fully able to obtain USD funding in the normal course of business, either directly or through swaps.”
Comments »U.K. Consumer Inflation Hits 4.5%
The U.K. has been slowing for a while now on the GDP side, but inflation has been creeping up….stagflation anyone ?
Comments »Italy Holds Another Bond Auction With a Lower Bid to Cover; Yields Sold @ 5.56% on the 5 Yr. Note
The Trokia Will Return to Greece This Week; Angela Markel Tries to Calm Markets Until Then
Don’t ask me who the trokia is, but this band of three, I’m guessing here, are either interested in new Greek developments or are returning from vacation to be involved with ongoing discussions over Greek debt refinancing.
Angela Merkel gave a speech today that seems to reflect the inadequacy of the Trichet legacy….in other words more smoke up your…Full article
Comments »Extremely Early & Long Lunch Break: Ask Questions
With that said and coin banked with some short covering this morning it is time….your president is speaking to listen up!
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HUD Investigation Reveals Big Banks Received Kickbacks From Insurance Companies; More Lawsuits Anyone ?
Lawsuits mean nothing if nobody goes to jail. Otherwise it is tax payer money that is being used to appease lawsuits for true gangster criminals…..
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