Euro Zone Officially in Contraction Mode
What is Dexia Telling Us ?
It tells us for sure that not only is there a solvency problem, but a liquidity problem. The question now is how far will this problem spread. Will Europe act in time ?
Comments »FLASH: The German DAX is Now Down
It gave up a 2%+ rally, based solely upon the fucktarded comments by the departing Trichet.
Comments »FLASH: European Markets and US Futures Weaken on Trichet’s Comments
The man is going hogwild retarded, speaking out against leveraging the EFSF and how banks should just go to the private sector to get money. Clearly, he is short stocks.
Comments »Merkel Feeds Speculation of a Coordinated Liquidity Injection
The World Will Miss Steve Jobs
In a short 56 years Steve Jobs has blessed the planet with so much. The world will truly miss you!
[youtube:http://www.youtube.com/watch?v=AC5byzYvzdc&feature=related 450 300]Comments »
Nassim Taleb: World’s ’Problem’ Worse Than ’08
El-Erian: Look Out! CDS Are Widening Even For Germany Now
IMF Pushes For New Tools and Leverage Within THE ECB’s EFSF Fund
Push all you want, but a vote and charter mandate changes will be needed. Is there time for that ?
Comments »Germany’s Merkel is Steadfast in the Decision That Issuing Shared Debt by ECB is Not the Right Direction
So again Germany is against the idea of leveraging the EFSF and creating a TARP style program. For the world this would be a simple one time solution…or at least a way to give relief to markets in peril. Germany states there is no one magic action that will solve the problem; and that the problem must be solved through austerity.
Comments »U.K. Second Q GDP Estimates are Slashed on Weak Consumer Spending
Asian Markets Trade Mixed, Europe & U.S. Futures Up on Relief Rally
China Responds Quickly to Senate Bill Vote on Yuan: it is “unfair” and in violation of international practice.
Bears In Emerging Markets Turn Bullish
HSBC: The Jury is Still Out On a 2008 Replay
How the pundits could say we do not risk a 2008 scenario is beyond me. Yes companies are flush with cash, yes corporate earnings have been on the up swing, but CDS spreads are blowing out all over the wordls and liquidity is back to a drip drip case.
Not to mention Europe’s problem by most estimates is a $2 trillion dollar problem with only $6-$800 billion on hand between the ECB, IMF, and the World Bank.
Comments »More Fun to Come; Putin Eyes a Eurasian Union
ECB Suspends Greek Bailout Tranche Until Mid November
This story says Greece has enough money to go without a tranche until November. Thus the ECB has suspended the next bailout tranche until they can get bondholders and banks to agree on greater losses.
RT journalist reported over the weekend that Greece has only 8 days of money left. Go figure the truth about this mess.
Comments »China Slowdown Worries Mount
As China slows the world understands how much they contribute to global growth.
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