They will wait for the referendum results….
Comments »PIMCO’s Gross: U.S. banks need more capitalization
Nothing has change other than bailing out the banks; which have become even larger. Also given the 40:1 leverage MF Global had it is almost certain there are more shoes to drop.
Comments »69% of Thousands Polled Believe The Clam Will Embark on QE3
“….“We are becoming increasingly persuaded that QE3 is coming, this time focused on purchases of mortgage-backed securities,” said Dana Saporta, U.S. economist at Credit Suisse in New York. “The best guess is at this meeting they’ll try to build some consensus around the idea and lay the groundwork for eventual purchases…..”
Comments »Japan Digs a Hole of $510 Billion From Yen Sales
Like Switzerland you have to ask how long can this go on for ? Granted they can print, but it seems a fruitless effort.
Comments »Dems Copy Cat EU Transaction Tax
Republicans will certainly shoot it down…so the chances of this tax becoming law is slim to none.
Comments »The Grecian Formula For Referendum Is Still On
Will Markets Reactive Positively to a IMF Credit Line ?
Later this week the G20 and the IMF may approve a credit line to ease sovereign debt problems.
Comments »LIBOR Manipulation May Be Throwing Markets Off
How is it there is so much manipulation claims when it comes to Wall St. and the banking industry in general ?
Comments »Delinquencies Rise in NYC Housing Market
It has been said that NYC and LA are the last places to get hit or that you have to worry when those markets go sour.
Comments »U.S. Banks Increase Their Sales of Credit Insurance to European Banks AKA BAD MOVE
U.S. banks already out on a limb have decided to move closer to the edge. We increased out holdings by $80 billion to $518 billion.
Comments »Italian Bond Yields Keep Marching Higher
Italian bond yields hit 6.23% and are fast approaching 7% which became a significant problem for Ireland. All this despite the ECB buying bonds in the open market.
Comments »Hedge Funds Need to Play Catch Up
Imagine That; Bonds Out Perform Stocks Over the Past 30 Years
Italian Bond Yields Spell New Concerns Over Europe’s Debt Crisis
Yields are just about back to August levels despite all the debt solution measures expected to be put in place.
Comments »Spanish Banks Point ot “Fudges” in How the Money for Recapitalization Should Be Calculated
It appears if the Spanish banks would like to raise less money than what the international community thinks they should.
Comments »Chinese Property Stocks Fall as China Continues to Maintain Curbs
European Banks Ordered to Raise a Tenth of the 109 Billion Euros for Recapitalization
Head of EFSF: Japan will “continue to buy” bonds issued by the European bailout fund
You are either really smart or incredibly stupid to buy EFSF debt. I guess time will tell.
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