Europeans are trying to diversify wealth holdings in light of the debt crisis.

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Central bank data in China shows investors are not certain in Yuan appreciation.

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Don’t mess with central bank power….

Saudi Prince Alwaleed bin Talal and his Kingdom Holding Co. have announced the purchase of a $300 million stake in microblogging company Twitter. The investment “reaffirms our ability to identify opportunities to invest in promising, high-growth businesses,” Prince Alwaleed said in a statement on Monday. The prince, rated by Arabian Business magazine as the Arab world’s richest man, recently said he intended to launch his privately owned Alarab news channel.

Surprisingly the FDIC has very little money on hand to cover all the bank deposits out there. Of course you would have to assume there was a case for a mother of all bank runs…..doubtful no ?

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Chart porn addicts only

Despite massive layoffs for the past 3 years Dick bove estimates another 150k people to be pink slipped.

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ZNGA opens up 13% to $11.29.

The package goes to the senate tonight

Fearful of inflation rates were kept on hold.

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Yields for many countries across the pond continued downside action.

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Down 6% to 5.1%

+9

“The European debt crisis is growing to the point that it won’t be solved by one group of countries, Christine Lagarde, the managing director of the International Monetary Fund said today.

Lagarde said that if countries don’t work together, the world will face a situation similar to the 1930s, before the world slid into World War II.

“There is no economy in the world, whether low-income countries, emerging markets, middle-income countries or super- advanced economies that will be immune to the crisis that we see not only unfolding, but escalating at a point where everybody would actually have to focus on what it can do,” Lagarde said.

If the international community doesn’t work together, “the risk from an economic point of view is that of retraction, rising protectionism, isolation,” Lagarde said. “This is exactly the description of what happened in the ‘30s and what followed is not something we are looking forward to.”

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They intend to pick off the dead. Manager feels European stocks are cheap.

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Just a 1.2% drop in purchases….perhaps they have been more interested in gold.

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The squeeze continues 

Markets largely ignored the measures, but investors “clamored” for dollars.

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Perhaps a way to surprise the market down the road ? We shall wait and see.

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