A strike has reached 5 days in Chile and some are expecting supply disruptions to world supplies.
Currently copper is up 0.40% $9859.75 per mt
Comments »Italian and Spanish Bonds Fall on Concerns the Current Debt Solutions are Not Enough
The German finance minister got things started with a statement that a blank check approach is not enough.
Comments »Banco Santander, SAN, Posts a 38% Drop in Profits
The Euro debt crisis increased loan loss reserves and they also seemed to have trouble in Brazilian markets.
Comments »Oil Falls Overnight on Speculation That Demand Will Drop
A New Currency; On The Not So Distant Horizon
Gaspirino Says Obama Wants to Tank the Stock Market on Purpose
Gaspirino makes sense on this call.
The stock market can be a gravy train if you know whats gonna happen. Capiche….
Comments »Traders Bet on $120 WTI by Christmas
Open interest on $120 & $125 WTI spike 29% in the last four weeks.
Good directional bet given the dollar index currently around 73.50
Comments »Morgan Stanley Puts Out a Q3 Report on All Things Metal
When Will the Fed Stop Spoon Feeding Earnings to Big Banks ?
Even the Feds Hoenig admits it is not the Fed’s job to support any industry or sector of the economy with artificially low interest rates.
Comments »Nikkei 225 Expected to Rally on the Golden Cross
Analyst expect a 7% rally based on the technical golden cross. The index is 22 point below the 200 day and may form the golden cross shortly. Analyst expect the Nikkei to rally for the next few months.
Comments »The Aussie and Kiwi Dollars Rise to Record Highs on Higher Consumer Confidence and Consumer Prices
Asian Markets Splash Around in Negative Territory
Courtesy of the SEC: Stock Manipulation and CEO Pay
Remember I only post it. I still find this an interesting read despite the tall accusations.
Comments »Investors Convinced a Debt Default is Coming; At Least That is What Trading Portfolios Suggest
Investors are buying up foreign currencies, gold, and hedging with derivatives or ETf short side vehicles.
Comments »CA Seeks a $5 Billion Bridge Loan While Alabama’s Largest County Prepares for Bankruptcy
Just a preparation in case of credit disruptions due to a possible default.
Alabama’s largest county may go bankrupt momentarily….
McDonald’s Cares For Your Kid’s Health
Starting soon you will get sliced apples with your happy meal. MCD plans to reduce the amount of fries in the meals. My question is what type of chemicals will be used to keep those apple slices from turning shit brown. I doubt they will slice the apples to order.
Comments »U.S. Labor Department Wants to Save Citizens From Conflicts of Interest; But This May Cause Accounts to be Homeless
A friend of mine, a defense contractor, confirmed what another government friend of mine spoke about after hearing it all up and down the hill; uncle sam wants to run your IRA and 401k. Perhaps this is how they collect those accounts….
Comments »FHA May Be In Need of a Bailout
Due to the lack of private financing the FHA has extended itself to low income and first time home buyers. Capital reserves had declined 15.99% recently and a bailout may be needed to guarantee its $1 trillion in exposure.
Comments »Analyst Puts Debt Ceiling Deal @ 40% by August 2; Downgrade Now a Base Case for the U.S.
“Laperriere said in a note to clients today that there are “strong policy and political incentives” for President Barack Obama and House Speaker John Boehner to reach a deal. “That’s still possible, but a deal that would alter the trajectory” of the ratio of federal debt to gross domestic product “now appears unlikely,” he wrote.”
Comments »Retail Analyst Flickinger: More Companies To Join Borders in Bankruptcy as We Enter into a 500 Day Retail Recession
Flickinger cites many issues hurting the consumer, but expects a rebound in 2013-2014….
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