[youtube://http://www.youtube.com/watch?v=hxdsfa8OFVc&feature=player_embedded 450 300]

Profits are not looking good for investors

Let’s rally on the same news again and again!

This includes unfunded pension liabilities…

This is a second beating of the drums in the past few weeks…

No more free peanuts

Reports are coming out of Europe that a 50% haircut will have to be taken by bond holders…..

Seems like if the markets are in serious pain then Europeans do not act; oh wait i meant they do not speak of acting firmly.

Full article

Needs a dirt nap

OWS people

50% chance of downside risk

Free money for all.

Euro rallying on the news.

Spain is having problems keeping up with deficit targets 

Since the EFSF was created Bloomberg has monitored the credit ratings of  Europe. The measurement has fallen sharply and is not getting better despite being on the precipice of  leveraging the EFSF bailout fund.

Full article 

Good news for Kiwis as inflation slows and may join the western world on keeping rates on hold…

Full article

Full article

So the CEO did a cowardly Q and A with his secretary, then moved onto live calls. You’d think following a fucking 70%+ decline in the stock price, some analyst or shareholder would care to vent? Nope. Luckily for Reed, the fucking technical difficulties resulted in no more than 1 question, whereby he congratulated himself for asking himself so many poignant questions. Seemingly, Reed or Reid believed he did such a great job, no one needed to ask him anything.

Have a listen to this preposterous conference call format.

NFLX Cowards by The_Real_Fly

BERLIN (Reuters) – Angela Merkel’s supporters praised her for getting France to drop demands to use the European Central Bank to leverage euro crisis funds, but looked like making a meal out of the German parliament’s new right to be consulted on how these are used.

“Merkel’s Battle for our Euro,” was Monday’s headline in the mass-circulation conservative paper Bild, saying she taught France’s Nicolas Sarkozy “that the EFSF rescue fund cannot be used to print money” to solve the debt crisis.

“The chancellor must stick to her guns — in the interests of Germany and of Europe,” said the newspaper.

But while her supporters in the Bundestag (lower house of parliament) welcomed the assertiveness in Sunday’s summit from a leader often accused of dithering, they also risked delaying Europe’s response to the debt crisis at a crucial juncture by insisting on a full debate before Wednesday’s second summit.

Her Christian Democrats’ (CDU) floor leader Volker Kauder was said to want a full debate rather than just a vote by the 41-member budget committee, which would be quicker and less risky while still fulfilling new rules on consulting MPs.

A government source said the lower house would vote on the issue on Wednesday.

With criticism ringing in Germany’s ears from the head of the Eurogroup of single currency members, Jean-Claude Juncker, about it being slow to make decisions, Merkel met the heads of the main parties to seek consensus.

As a result of a constitutional court decision last month, she cannot agree to changes to the 440 billion euro European Financial Stability Facility (EFSF) without the agreement of the Bundestag’s budget committee, scheduled to meet on Tuesday.

She is then due to address parliament on Wednesday before returning to Brussels for what should be a more decisive summit on boosting the firepower of the EFSF, raising the contribution of private banks to Greece’s rescue, and getting European banks to increase their own capital to prevent contagion.

Her conservative bloc’s chief whip, Peter Altmaier, said Sunday’s summit “made headway” on all three issues, including “using the EFSF to avoid having to print money,” and it should now be possible to produce the “comprehensive” crisis response that Merkel and Sarkozy have promised by the end of this month.

Read here:

The world’s biggest banks are squabbling with European leaders over the size of losses on their Greek bonds as they seek a deal to cut the country’s debt load, two people with knowledge of the discussions said.

The financial companies, represented by the Institute of International Finance, proposed a loss of 40 percent on Greek debt, said one of the people, who declined to be identified because talks are confidential. The European Union is calling on investors to forfeit as much as 60 percent, making a compromise at 50 percent possible, the person said.

The talks are part of an attempt to solve the two-year-old sovereign-debt crisis that has pushed Greece closer to default, roiled global markets and dented confidence in the survival of the 17-nation currency. EU leaders are scrambling to reach an agreement on bolstering the region’s rescue fund, recapitalizing banks and relieving Greece to avoid contagion spreading to Italy and Spain before another summit in two days.

Luxembourg’s Jean-Claude Juncker, who leads the group of euro-area finance ministers, said talks on private-sector involvement in a second aid package for Greece are focusing on losses of “about 50 percent, 60 percent.”