A great look into the EU’s fiscal problems.
Comments »Can Silver See a Super Spike ?
Lots of people keep talking about a physical silver shortage. some expect prices to jump the the moon.
Comments »Wall Street Comments on Friday’s EU Budget Proposal
Bond Purchase Have a Dual Effect on the Market Place
A new study out on the effects of major bond purchasing programs by the FED and the BoE….
Comments »White House Cuts Down Republican Tax Bill
The Dems want a balanced approach that does not include budget cuts that they claim exempt the wealthy.
Comments »Moody’s downgrades 3 leading French banks
Comments »PARIS (AP) – The Moody’s rating agency downgraded three leading French banks on Friday, saying that the spiraling debt crisis in Europe was making it hard for them to get loans and that the situation may get worse.
After a review, Moody’s lowered the overall financial strength ratings of BNP Paribas, Societe Generale and Credit Agricole SA. The banks’ long-term debt ratings were also downgraded, saying they were “affected by the fragile operating environment for European banks.”
Banks are at the front-line of the debt crisis raging across the 17-country eurozone that has threatened to drag the global economy back into recession.
It took action a day after a regulator said European banks have to raise about €115 billion ($154 billion) — more than expected — to meet a new standard meant to shore up the lenders against market turmoil.
FLASH: Phil Falcone’s Harbinger Capital Received Wells Notice
Possible due to a loan he took from the fund over more than $100 million.
Comments »DEFCON 2 ALERT: Jim Cramer’s Mad Money Monologue, 12/8/11 (VIDEO)
Corzine: “I Don’t Know” (VIDEO)
http://www.youtube.com/watch?v=WtHgOzGXXAU&feature=g-all
Comments »FLASH: GERMANY ALSO REJECTS RUMOR OF SIMULTANEOUS ESM AND EFSF AND COMMON EUROZONE DEBT ISSUANCE
HAHAHAHAHA
Comments »Euro Yields Spike, as the ECB Continues to Know Nothing
***ALERT: WATCH CORZINE LIE (Live Footage) ***
FLASH: ECB Will Offer 36 Month Refi Loan Operations; Futures Gap Up on the News
DOW futures up 75
Comments »Europe May Throw a Bone to Banks Through a IMF Loan
There is rumor of rumors involving the EU tossing in 150 billion Euros to the IMF to leverage. What ever the amount below 1 trillion euros; it will not be enough to impress markets.
Comments »Give It Some Time; Type 5 Trades Will Rule Soon
I’m looking for an outside chance of 1325 S&P. Of course 1265 and 1280 must be breached in a meaningful way. Or The PPT needs to give us a overbought reading on the SPY. Either way I’m stalking the market.
At any rate, get this take on Europe…
Comments »Mark Cuban Advises Not to Invest In Stocks (video)
Use cash for trans-actionable value and or pay down debt. Larger investors should look into start ups.
Comments »FLASH: Italian 10 Year Yield Breaks Above 6%
+2.5% to 6.02%
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