Archive - Apr 28, 2010 - Blog entry
The Gold Rush in Iraq
Submitted by madhedgefundtrader on 04/28/2010 23:41 -0500Iraq will soon become the world’s largest oil exporter. The success of the recent oil auctions in Iraq is creating a windfall for American oil services companies. It will bring the most significant change to world trade patterns this century. Who knew it would take so long? There are major implications for the rest of us. (SLB), (BHI), (WFT), (HAL)
No Wonder the Eurozone is Imploding
Submitted by George Washington on 04/28/2010 21:23 -0500European central bankers and politicians have been as dumb as their American counterparts ...
A Look At The Goldman Case
Submitted by Econophile on 04/28/2010 15:22 -0500Before I get pilloried for this article, just forget everything you believe about Goldman and their ethics and role in the economy because those mean nothing in this case. There is one issue and that is, within the facts set forth in the SEC complaint: What did Goldman do wrong? Here is a way to analyze it.
The Daisy Chain Effect That I Anticipated Appears To Have Commenced!
Submitted by Reggie Middleton on 04/28/2010 12:22 -0500Notice how many central bankers, analysts, pundits, banks and politicians said the debt problem was not only contained to Greece, but was also solved and all should move on. Uh huh...
I believe what we are seeing is just the beginning, and what the world saw with the collapse of Lehman was simply a microcosm of what happens when actual sovereign states threaten to fail!
Greek 2 Year Yields 20 Percent, Italy Up 6 Basis Points, Portugal Up 7 Basis Points, Spain Up 27 Basis Points
Submitted by George Washington on 04/28/2010 10:52 -0500Not just Greece ...
How Greece Killed Its Own Banks!
Submitted by Reggie Middleton on 04/28/2010 00:33 -0500Help those most in need
Yes, you read that correctly! Greece killed its own banks. You see, many knew as far back as January (if not last year) that Greece would have a significant problem floating its debt. As a safeguard, they had their banks purchase a large amount of their debt offerings which gave the perception of much stronger demand than what I believe was actually in the market. So, what happens when these relatively small banks gobble up all of this debt that is summarily downgraded 15 ways from Idaho.
The Big Recovery in California
Submitted by madhedgefundtrader on 04/28/2010 00:13 -0500Improving California state finances make its municipal bonds a “buy.” With California in the heat of primary elections, this is good news no one seems to want to talk about. Inconvenient ties to the “vampire squid.” With taxes about to skyrocket everywhere, tax free municipal bonds are about to become more valuable. What’s this movie, "Fight Club", all about, anyway? (VCV), (NCP), (NVX).
