So should you get in ? I say piece yourself in over time not price.

Interesting

Not until balance sheets are repaired and people get liquid 

This story says Greece has enough money to go without a tranche until November. Thus the ECB has suspended the next bailout tranche until they can get bondholders and banks to agree on greater losses.

RT journalist reported over the weekend that Greece has only 8 days of money left. Go figure the truth about this mess.

Full article

That may change soon given a global slowdown and their sensitivity to inflation.

Full article

We are reliving the 1930’s all over again.

Senate has voted 79-to-19 to proceed on China currency bill.

Apparently they have a deal on collateral that pleases the fucking Finns.

?In response to recent market volatility MUFG wishes to reiterate that we are firmly committed to our long-term strategic alliance with Morgan Stanley. The special relationship we have formed remains core to our global business strategy. We will continue to work to leverage Morgan Stanley’s superior franchise strengths in institutional securities and wealth management with our substantial deposit base and global corporate banking business to add value to both franchises over the decades to come.”

Really ?

Don’t worry about it…the clam will print more.

Cheap can always get cheaper in a crisis….

Nice summation here if your not up to date….

(laughter) if growth falls below the “new normal” level iside of 2 years, then how normal was it?

Read here:

Bill Gross, the manager of the world’s biggest bond fund, said the global economy risks lapsing into recession with the pace of growth falling below the “new normal” level the firm has predicted since 2009.

“Sovereign balance sheets resemble an overweight diabetic on the verge of a heart attack,” Gross wrote in a monthly investment outlook posted on Newport Beach, California-based Pacific Investment Management Co.’s website today. “If global policy makers could focus on structural as opposed to cyclical financial solutions, new normal growth as opposed to recession might be possible. Long-term profits cannot ultimately grow unless they are partnered with near equal benefits for labor.”

Pimco outlined the new normal scenario at its annual Secular Forum in May 2009 that set investment guidelines for the firm for the next three to five years. The forecast predicted that following the market collapse in 2008 the U.S. economy would grow at a below-average pace for the next several years as growth in the developed markets slows, unemployment stays elevated and the “heavy hand of government” would be evident in the markets.

“Until recently, economic recovery has been relatively robust if one were a deployer of capital as opposed to the laborer who made that deployment possible,” Gross said. “Near zero percent interest rates have allowed profit margins to widen even in the face of anemic end demand. There are no double-digit investment returns anywhere in sight for owners of financial assets.”

Dallas Fed president feels inflation will drop 30% closer to 2%…

Statistics weigh in favor of buying over selling…

Between the ECB, IMF, and World Bank we only have about $600-$800 Billion….

Full article/story/rumor

Worry warts and Debbie downers need to take notice of the dollar rally last month. Of course the article does not mention how the dollar is down 40% in since 2000.

How about a longer term view ?

Beyond a recent 4g report the NY fed is expected to request more reports to monitor euro trash…

I’ll go with FUGLY