What a crazy notion from market watch writer Brett Arends

Would it work ?

Let’s hope this writer is far off base

Some say just the top 5%

Interesting correlation as most banks and institutions tout diversification. Gold and silver have been the best diversification lately.

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No pain..no gain

Come on America….let’s get in gear.

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Another perspective on the data

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READ AT CNBC 

DALLAS (Reuters) – There is little the Federal Reserve can do at this point to help a U.S. economic recovery battered by problems at home and abroad, a top Fed official said on Monday, adding that he believes it is it incumbent on politicians to attack fiscal problems.

Richard Fisher, president of the Dallas Federal Reserve Bank, did not outright reject further monetary easing, but he emphasized he remains skeptical that such action would be fruitful.

His comments echoed his own dissent to the U.S. central bank’s decision last month to commit to ultra-low interest rates until at least 2013, a stance driven not by fears of reigniting inflation, but because he did not believe the move would do any good.

“If I believe further accommodation or some jujitsu with the yield curve will do the trick and ignite sustainable aggregate demand, I will support it,” Fisher told the National Association of Business Economics on Monday. “But the bar for such action remains very high for me until the fiscal authorities do their job, just as we have done ours. And if they do, further monetary accommodation may not even be necessary.”

He said uncertainties over the domestic fiscal and regulatory outlook and a reignited European debt crisis have knocked the wind from the U.S. economic recovery.

Fisher, who remains a voting member of the Fed’s policy-setting panel through the end of the year, noted that monetary policy is super-loose already, but businesses are not hiring because the regulatory and tax outlook is too uncertain.

He expressed encouragement, however, that Congress and President Barack Obama are “going at it hammer and tongs” to find a balance between short-term stimulus and long-term fiscal restraint.

Although recent economic data, such as the government report showing the U.S. economy added no jobs August, has been “discouraging,” he said, it is misguided to look to the U.S. central bank for a “fix,” when most of the problems stem from issues beyond its control.

The Fed has kept interest rates near zero since December 2008 and has bought $2.3 trillion in long-term securities to give the economy an added boost.

Inflation should gravitate toward 2 percent in coming months, Fisher said.

Worries over the European debt crisis are also hurting the U.S. and global economy, but resolving those problems are beyond the Fed’s writ, he said.

Those woes have spurred purchases of Treasuries, seen as relatively safer assets, pushing down long-term borrowing costs and “doing some of the work for us,” Fisher said.

“We don’t want to be helped at the expense of our largest trading partner,” he said, referring to Europe.

The Fed’s policy-setting panel meets next week to discuss possible actions to further boost the economy. One widely discussed option is to replace some of the Fed’s short-term securities with longer-maturity assets to push down borrowing costs.

Could this be a inflection point ?

Liquidity is scarce and solvency is questionable…LIBOR continues to move higher.

Full article/analysis of Europes debt woes 

Also dollar reserves are up across Europe

A bump of 1.25% GDP in 2012; if it passed. Preliminary judgement says it will not pass.

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Number 4 is most interesting and may take some by surprise down the road….

A French newspaper floated a rumor that Merkel and Sacozy spoke yesterday to make an announcement today about sustaining Greece within the Euro.

The French government is currently stating that they are planning any public comments or announcements for today.

Will we see $60 oil ? OPEC will surely try to keep prices up, but a global slowdown coupled with possible liquidity concerns and deflation could bring about such a scenario.

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Only a safe haven play when global growth is not in question….

Rumors are great for trading, but not investing.

Markets are seriously in peril when a rumor turns it on a dime. I do hope the rumor turns out to be true, but one can not invest on rumors from desperate people during desperate times.

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Total auction sales hit 10.4 billion Euros

Don’t ask me who the trokia is, but this band of three, I’m guessing here, are either interested in new Greek developments or are returning from vacation to be involved with ongoing discussions over Greek debt refinancing.

Angela Merkel gave a speech today that seems to reflect the inadequacy of the Trichet legacy….in other words more smoke up your…Full article

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