Archive - 2012 - Blog entry
December 4th
Serial Government Defaults In The Eurozone
Submitted by testosteronepit on 12/04/2012 22:20 -0500“Voluntary” and methodical, at taxpayer’s expense
Washington’s Biggest Lie (and Why it Continues to be Told)
Submitted by ilene on 12/04/2012 20:30 -0500If truth in advertising were being strictly enforced, the BLS might be renamed the BS.
When is a Rate Cut Not Enough?
Submitted by Burkhardt on 12/04/2012 19:30 -0500Today the Reserve Bank of Australia (RBA) cut the its rates by a quarter of a percentage point to 3.0 percent, as panic set in that the resources boom is fading quicker than anticipated. Note that rates have not been this low since the aftermath of the global financial crisis. This strategic move was done in effort to rekindle the demand in some of the country’s weaker sectors in hopes that they would offset the rapid decline in the mining sector.
MYSTeRIouS UKRaiNiaN LiQuiD GaS DeaL SiGNeD...
Submitted by williambanzai7 on 12/04/2012 13:53 -0500Banzai7 News exclusive photo
04 Dec 2012 – “ 11 O'Clock Tick Tock ” (U2, 1980)
Submitted by AVFMS on 12/04/2012 12:07 -0500Lather. Rinse. Repeat. Europe doing about fine on its own and with an urge to test higher risk levels, in absence of negative news. US more fickle on FCDRE. If this goes on until year-end… If it wasn’t for a bit of FCDRE… Tick. By. Tick. Movements. Equities high. Soft Core closing on historic lows.
"11 O’Clock Tick Tock " (Bunds 1,39% -2; Spain 5,23% -1; Stoxx 2587 +0,3%; EUR 1,308 +20)
The Investment Classes That Will Most Benefit From Obama’s Second Term
Submitted by Phoenix Capital Research on 12/04/2012 11:40 -0500During the its first term, the Obama Administration thus far has proven itself in favor of increased Government control and Central Planning. That is, the general trend throughout the last four years has been towards greater nationalization of industries (first finance, then automakers and now healthcare and insurance), as well as greater reliance on our Central Bank to maintain our finances.
As Promised, Greece Guts Naive Investors Once Again...
Submitted by Reggie Middleton on 12/04/2012 11:03 -0500Exactly as I promised at the beginning of the year, more haircuts for a country that will receive bailouts in the form of more unsustainable debt that will be defaulted on in the near future. It's simply math, yet so few seem to get it.
Osborne Has Tight Rope to Walk
Submitted by Marc To Market on 12/04/2012 08:45 -0500
The Bank of England's Monetary Policy Committee meets Thursday. There is an overwhelming consensus in the market that there will be no action taken--no rate cut or resumption of the gilt purchase program (QE) that was completed last month.
More importantly, tomorrow the Chancellor of the Exchequer Osborne will make his Autumn Statement to parliament. He will have to tread a narrow line. Circumstances will force him to acknowledge that it is taking longer to recover from the financial crisis than the government had anticipated.
Heavy Dollar Tone Continues
Submitted by Marc To Market on 12/04/2012 06:33 -0500
The US dollar continues to trade heavily, with the euro and sterling edging to new multi-week highs and the yen consolidating its recent losses. The main consideration appears to be the looming fiscal cliff, weaker data and the prospects for additional QE to be announced next week by the Federal Reserve.
At the same time, tail risks emanating from euro area have diminished, even if the i's aren't dotted and the t's not crossed on Greece's new program, or if the negotiations over bank supervision in Europe at today's EU finance minister meeting, are more protracted.
December 3rd
Merry Monday Morning – Will Santa Come to Town?
Submitted by ilene on 12/03/2012 19:58 -0500Get rich, but not so fast.
SaNTa'S iPaD HaCKeD...
Submitted by williambanzai7 on 12/03/2012 15:30 -05002012: Has POTUS been naughty or nice?
China’s Trade and Manufacturing Flourish … While America’s Tanks
Submitted by George Washington on 12/03/2012 13:13 -0500U.S. Manufacturing Index Plunges to 3 Year Low … While Manufacturing Rises in the BRICS
03 Dec 2012 – “ Out Of Touch ” (Hall & Oates, 1984)
Submitted by AVFMS on 12/03/2012 11:54 -0500Fiscal Cliff Discussion Risk Event still very much alive. Spain maths on budget. Italian maths, French… Bah… Still feels like things are a bit out of touch with reality here (equities vs. bonds). And that Greek buy-back looks really, really generous. Outwordly. Then again, best way to get rid of private ownership. After the OMT, the OPM… Obviously, other people’s money. PMI paint a slightly less bleak picture, but on rock bottom levels.
"Out Of Touch" (Bunds 1,41% +3; Spain 5,24% -6; Stoxx 2580 unch; EUR 1,306 +50)
Sports Economics: Texas Longhorns Need a New CEO
Submitted by EconMatters on 12/03/2012 09:05 -0500The University of Texas Football Program is not getting a positive return on their investment in the head coach.
