Archive - Feb 10, 2009

The ruble is crumbling. Speculators will put the government's resolve to defend the ruble to the ultimate test. Look for 36.20/30 as a critical barrier; if it is breached Europe will be an ugly place tomorrow.

The ruble is crumbling. Speculators will put the government's resolve to defend the ruble to the ultimate test. Look for 36.20/30 as a critical barrier; if it is breached Europe will be an ugly place tomorrow.

When I started this blog, I was thinking it would be a short-term distraction. However, today, exactly a month after the first post, with well over 100,000 hits and extensive media coverage, Zero Hedge has emerged from obscurity and become my medium to expose so much of the BS that we see in finance every day, to pass on some of my knowledge and to have a lot of fun doing it. Zero Hedge has only been successful thanks to you, repeat reader, and with your readership it can only grow and improve.

Financial Bailout expected to have revised "Bad Bank" after all (CNBC)
Based on details coming out that presentation, the plan calls for:

• Some $100 billion will be committed to new capital injections.
• Another $100 billion will go to the Federal Reserve's TALF program.
• And $50-$100 billion on housing measures, as expected.

Good summary of Obama's stimulus speech (AP)

Developing Story:

Developing Story:

Developing Story: