Archive - Jul 24, 2009
Daily UK and Europe Highlights - 24 July 2009
Submitted by Raymond Shaw on 07/24/2009 04:46 -0500Folks, its Freaky Friday today. Lots of economic data coming out of the cupboard in the Eurozone, mostly PMI and Business Climate numbers. UK's preliminary GDP q/q and services index are out as well today, both quite weak; no green shots here folks. Preliminary printing of the UK GDP figures shows biggest Y/Y fall since the series began in 1955, annualised to -5.6% !
Multiple Choice Trick Question of the Day: Sheila Bair A) Does or B) Doesn’t Believe 500 Banks Will Fail
Submitted by Benjamin N. Dover III on 07/24/2009 00:37 -0500If you answered “C) Both of the above”, not only would you be correct, you'd have the logical reasoning skills required to be a decabox pundit on a respected financial news network.
So It Begins: The SEC Commences Investigation Into Goldman Sachs Trading Practices
Submitted by Tyler Durden on 07/24/2009 00:36 -0500"We are taking your complaint regarding Goldman Sachs and its proprietary software that may be used to manipulate the markets very seriously, and have referred it to the appropriate people within the SEC."
