The Greeks will be rioting as their Parliament have just about passed new tax measures…
Comments »The Comeback of the American Manufacturing Economy
The State of the Union in Charts
International Labor Organisation Warns of a Doubling in Global Job Loss If Governments Do Not Act
If U.S. Hits Recession and Recent History Proves Relevant Then S&P EPS Could Touch Down to $54-$68 in 2012
Not looking to throw a sour twist in your morning’s coffee, but keep your eyes peeled on earnings and recessionary data.
Morgan Stanley did a back test to see how EPS was cut in the past two recessions and if the U.S. hits the skids we may face a huge drop in EPS.
Comments »EFSF Lever Up Plan Solves Immediate Issues; Not the Root Cause
As far as equities are concerned it probably means risk on for a while; but we still have a cancer to deal with down the road.
This is the article in two sentences “So, it’s America 2.0. Fix the banks, give Main Street the middle finger and move along. Nothing to see here. The good news is that this plan might just buy them enough time to generate a sustainable fix.”
Comments »Goldman Sachs Rules the World…Full Stop
The cancer is growing. wonder what his thought are after today’s new EFSF approach is. With all the secrecy and stonewalling it is hard to know how big and how far along the european banking sovereign debt problem is…..but never mind that ’cause GS rules the world.
[youtube:http://www.youtube.com/watch?v=TNKFKKmzri4 450 300] [youtube:http://ww.youtube.com/watch?v=R-O3kYrDPbI 450 300]Comments »
Heads Up; This Week is Chocked Full of Data Releases
IMF Discussions on Greek Debt Talks End With No Deal
Christine Lagarde: IMF may need billions in extra funding
Hugh Hendry on the Sovereign Debt Crisis: “The problem is greater than the ability of the politicians to respond,”
Hugh has been spot on with his calls and now he states the problem is more than policy makers can deal with. Furthermore Greece, problem du jour, will have to solve the problem by “throwing the politicians out and rejecting the European ideal.”
Comments »S&P Sovereign Rating Official Warns of Downgrades in Europe
Without saying downgrades are coming Beers implies that there will be consequences for inaction; even for Germany and France.
Comments »The ECB Continues With Nothing as a Plan
Nothing significant came of this weekend. The ECB will try to convince the world that current funds are sufficient; that they need not to raise more capital.
Comments »Understanding the Exponential Function
Will Germany Keep Control of Neo Colonialism ?
This article and paper written shows why the Euro zone could break up faster than most think….
Comments »The GDP of P in PIIGS Looks To Wallow in the Mire
GDP slowdown seems unavoidable at this point and threatens to exacerbate the sovereign debt crisis.
Comments »EU MAY Accelerate the ESM Fund
Bloomberg has obtained documents that describe the EU speeding up a fund called European Stability Mechanism.
Was not supposed to kick off until mid 2013, but sources are saying this will be discussed and possibly sped up to stem sovereign debt woes.
Comments »China’s Sub Prime Crisis Begins
Defaults have business owners fleeing property. A Chinese paper describes it as “their own sub-prime crisis”…
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