"More Empires Have Fallen Because Of Reckless Finances Than Invasion"

Posted by: George Washington

Post date: 02/09/2010 - 00:06

If Obama really were serious about restoring America’s economic health, he would demand military spending be slashed, quickly end the Iraq and Afghan wars and break up the nation’s giant Frankenbanks...

The Coming Pan-European Soverign Debt Crisis

Posted by: Reggie Middleton

Post date: 02/09/2010 - 05:12

The levered assets of the banks in many Euro-sovereign nations easily outstrip those nations' GDP's. So when the nations' banks get in trouble from bad banking practices (and a very large swath have), the nations themselves are helpless in attempting to truly save the banks (and instead only institute a bait and switch wherein private default risk/insolvency potential is swapped for public manifestations of the same).

NYSE Euronext Announces Trading Volumes for January 2010

Posted by: Chopshop

Post date: 02/09/2010 - 02:41

Derivatives trading volumes in January 2010 were stronger, with European derivatives volumes increasing 32.4% and U.S. options trading volumes increasing a whopping 102.4% y/o/y. Cash equities trading volumes were mixed, with European cash transactions increasing 4.1% and U.S. cash equities trading volumes declining 23.7% from Jan '09. Total interest rate products ADV of 2.7 million contracts in January 2010 increased 37.8% from January 2009, and increased 50.5% from December 2009. Total interest rate product ADV is at the highest level since March 2008 !

Daily Highlights: 11.30.09

Submitted by Tyler Durden on 11/30/2009 08:17 -0500

Asian stocks, currencies rise on optimism Dubai World losses won't spread.
Bernanke says legislation limiting Fed independence Would 'impair' economy.
China’s stocks rose after government pledged to maintain stimulus policies next year.
India's GDP accelerates to 7.9%, may spur stimulus withdrawal.
Japan's Fuji denies ruling out intervention in foreign exchange markets.
Stocks in Dubai fall the most in a year on concern Dubai World may default.
Thanksgiving Sales attract more shoppers, less average spending: Natl Retail Asso.
Two-Year Treasuries extend rally fifth week on view Fed rates stay on hold.
UAE. Central Bank says it 'stands behind' lenders, offers loan facility.
UK House Prices rose 0.2% in November as home supply shortage persists.
American Capital entered into agreement with lenders holding 95% of its credit line to support a plan to avert bankruptcy.
Coal glut rocks mining companies, output cuts likely as reduced utility, factory demand weighs on prices.
Geely reaches deal with Ford on IPR in its bid for it's Volvo unit.
GM's Saab has received serious expressions of interest from potential buyers.
ING priced its $11.2B rights issue at a hefty discount, proceeds to repay half the state aid.
Sands China shares drop on Hong Kong trading debut after $2.5B IPO.
ShopperTrak: Black Friday Retail Sales Up 0.5% Vs. 2008
Sina Corp. said 3 invt firms are joining its management to invest $180M into the firm.
Sweden unlikely to relax loan rules to finance Saab rescue, Official says.

Economic Calendar: Data on Chicago PMI to be released.

Earnings Calendar: ALOY, NRGP, OVTI, TLVT, UNFY.

Companies to watch: Alloy, Inergy Holdings, Omnivision Technologies, Telvent, Unify Corporation.

Recent Egan-Jones Rating Actions
ARCH COAL INC (ACI)
ORBITAL SCIENCES CORP (ORB)
ROCKWELL COLLINS INC (COL)
BARNES & NOBLE INC (BKS)
CHESAPEAKE ENERGY CORP (CHK)
CLEARWIRE CORP (CLWR)
HJ HEINZ CO (HNZ)
FMC CORP (FMC)
WENDY'S/ARBY'S GROUP INC (WEN)
TYSON FOODS INC (TSN)
HORMEL FOODS CORP (HRL)
NCR CORP (NCR)
ANIXTER INTERNATIONAL INC (AXE)

Data provided by Egan-Jones Ratings and Analytics

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