China Rumor Dismissed; Wen Jiabao: ” indebted economies must “put their own houses in order,”
ECB to Help Liquidity Issues With Dollar Lending in the Euro Zone
FLASH: Geithner Says the IMF and the Fed Have a Big Interest in Helping the ECB, But This is Their Challenge to Handle it Financially Speaking
Cheers on that statement. Geithner also said he thought it was in everyone’s interest to see the crisis resolved so….a hint towrds help form the rest of the world if absolutely needed.
Retail Sales: Prior 0.5%, Mkt Expects 0.2%, Actual 0.3%…PPI: Prior 0.2%, Mkt Expects 0.0%, Actual 0.1%
New Plans and Discussions in Europe Outweigh Moody’s Downgrade of SocGen and Credit Agricole; Markets Rally
New Euro Zone Plan to Relieve Collateral Issues
The Austrian Finance Minister has give the media some statements regarding a new plan that would ease the “explosiveness” of collateral; something that has stalled talks and proposal agreements all together.
Comments »European Debt Crisis to Be Temporarily Cured With New Euro Area Bonds
Commission president Barroso said the region will unveil options for a Euro bond.
Comments »Greenspan: US Can’t Fix Economy Without ‘Inflicting Pain’
Meet the Money Manager Up 45% This Year
Dutch Finance Minister Rumored to be Giving Up on Greece
This is unconfirmed rumor, but the market seems to gravitate toward these story lines…
Comments »Median U.S. Income Drops 2.3% as “Poverty Level” Rises
Gold Continues to Settle Down While the Dollar Strengthens
Cummins Engines, $CMI, Pops on Excellent Profit Commentary
Goldman on Obama’s Jobs Bill
A bump of 1.25% GDP in 2012; if it passed. Preliminary judgement says it will not pass.
Comments »FLASH: U.S. Markets Turn a Flat Open into a Gradually Grinding Higher Gain
U.S. markets took the ease of turmoil and positive markets in Europe into a chance to climb higher. The S&P is up 0.69% and the NASDAQ is up 0.9%
Comments »Could Gold Double From Here by Year End ? One Trader Thinks So
I doubt this analysis unless there is a frozen banking market for 3 months plus….just do not see that happening.
Comments »
