Economists would like for bond holders and banks to take further write downs so as to relieve cash strapped consumers and help the refinancing process.Comments »
Breaking: Greece to Miss Deficit Reduction Targets Set by EU
The wheels are about to fall off.Comments »
Prepare For a Greek Default
Also prepare for the havoc it will inflict upon the banking system. Greece has 8 days of money left before a default.
It appears that the people may override the IMF, EU, and their government.
This piece shows the real story
Also here is some decent commentary on the gravity of the sovereign debt crisis
Morgan Stanley Considers a Name Change
JPM and BAC Get Hit With New Lawsuits For Mortgage Debt Losses
FLASH: Shorts Are Not Covering; In Fact They Are Adding
A trader on CNBC said from hit point of view and talks with traders in the pits nobody seems to be covering. The news is so bad as of late that they used this morning’s rally to short more. Traders expect a 500-1000 point drop on the DOW shortly….Comments »
Ten Companies Feeling the Pain From Underfunded Pension Plans
Bank of China Caught Up in Classic Chinese Fuckery Ponzi Scheme
Bernanke: U.S. Unemployment a National Crisis
Bloomberg Poll Shows 72% Expect Financial Meltdown, A Country Exiting the Euro, and Civil Unrest
HPQ Hires Vampire Squid Guns to Guard Against Shareholder Activist Uprising
You always want a vampire squid in your corner… no ? Especially when they are said to rule the world.Comments »
Italian Bank Executives Talk of Domino Nuclear Winter
Late Afternoon Fun: Where Did The HSMs Go ?
The S&P is One Big Head and Shoulders
A Bright Spot in the Housing Market; Home Prices Have Resisted Free Fall For Some Time Now
For about 6 months home prices have stopped falling. 🙂Comments »
Lunch Break: Will History Repeat Itself ?
BofA Shareholders Duped for a Hidden $15 Billion Loss With Merrill Acquisition
Remember when banks were conservative trust worthy executives looking after your money ?Comments »
John Paulson Faces Massive Liquidations As His Fund Injects Liquid Habanero Into Investor Portfolio Veins
This is Why Today’s Rally Was Cut in Half Into the Bell
“So let’s get this straight: the funding hole was €109 billion two months ago, and it is €172 billion, an incremental diferential of €63 billion in two months, or €360 billion annualized. “
Couple that with this and your right back to volatility and gaps downs.Comments »
Germany Tells White House Leveraging Bailout Fund is a “Stupid Idea”
Forgive me for venting some EU bailout frustration, but his shit is getting out of hand.
All the folly, secrecy, rumors, and half baked commitments to solving the sovereign debt crisis is killing a generation of investors.
The lack of political will is crushing the global economy and has created unprecedented volatility.Comments »