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Frontrunning: February 22
- Powerful 6.3 Earthquake Hits New Zealand, NZD slides (FT)
- Shutdown Fears Raise Hopes for US Budget (FT)
- Oil price shock: Pandora's Box is opened (Telegraph)
- Spain's rotting corpse finally floats to surface: Spain Pegs Cajas' Possible Problem Debt at €100 billion (WSJ)
- Wal-Mart Fourth-Quarter U.S. Comparable Sales Trail Forecast (Bloomberg)
- New Property Rules Driving Rent Prices (People's Daily)
- BofA Doubles Writedown for Credit-Card Unit to $20.3 Billion (Bloomberg)
- Weber Sets Germany on Collision Course with EU (FT)
- Desperate Gaddafi Clings to Power (FT)
- Bond Market Swaps Back Bernanke's Benign Inflation View (Bloomberg)
- Sale of the Century (Newsweek)
- Bahrain, Libya Debt Ratings Cut on Protests; Mideast Stocks Fall (Bloomberg)
- BOE Officials May Give Signals on Momentum Toward Interest-Rate Increase (Bloomberg)
European Economic Highlights:
- Germany GfK Consumer Confidence Survey 6.0 - higher than expected. Consensus 5.8. Previous 5.8.
- Italy Consumer Confidence Ind. sa for February 106.4 - higher than expected.Consensus 106.0. Previous 105.9.
- Switzerland Trade Balance for January 1.96B. Previous 1.26B.
- Switzerland Exports real SA for January 4.3%.Previous 4.4%.
- Switzerland Imports real SA for January 0.3%.Previous -4.1%.
- Switzerland UBS Consumption Indicator for January 1.676.Previous 1.829.
- UK Public Finances (PSNCR) for January -14.4B - lower than expected.Consensus -6.0B. Previous 25.4 B.
- UK PSNB ex Interventions for January -3.7B - lower than expected.Consensus -0.1B. Previous 16.0B.
- UK Public Sector Net Borrowing for January -5.3B - lower than expected.Consensus -0.3B. Previous 14.5B.
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If I may, from yesterday:
by Oh regional Indian
on Mon, 02/21/2011 - 08:04
#981208
From all my other reading (Tarpley et. al.), libya is seems to have tipped over. Such a surprise, I thought Gadfly was a much loved leader. But dark times, for sure.
Look elsewhere, stability is disappearing. India is in the throes of it's own cricket drunk distraction. Anythign will come out of left-field and I'm sure we are on the radar too.
But the whole globe is a heat map of unrest. As is the earth (mega-swarm of temblors though a critical mid-atlantic plate as I type). And this is another major earthquake year.
Helmets and seat-belts on!
ORI
And then, christ-church.
Prescient? No. Meta-aware? Yes.
Worthy of practise (and learning).
ORI
http://aadivaahan.wordpress.com/2011/02/21/through-a-lens-darkly/
Yeah - and Magnetic North is moving !! Damn!! Apparently the center of the eath ( that some apostates think resembles a ball!!) is filled with molter iron and it swirls and creates magnetic poles . It apparently has nothing to do with the little naked apes running around on the surface exhaling Carbon Die Oxide. And I though al gore was a brilliant scientist!! Shame on me.
F**K. BTFD!!! WHat a wonderful opportunity!
wahhahhahahha!
WMT is all about weather!! Be aggressive and the fed is always behind you, helping you make a little bit of money!!
QEs will always win! Bears will always be losers!
WASHINGTON (Reuters) - A housing trade association is examining the possibility that the data it releases underestimated the collapse of the housing industry, the Wall Street Journal reported on Monday.
The National Association of Realtors, which issues the monthly existing home sales report that is closely watched by economists and financial markets, may have over-counted home sales dating as far back as 2007, the newspaper said in an article posted to its web site.
NAR's home sales count was at odds with calculations by CoreLogic, a California real estate analysis firm, according to the report. CoreLogic says NAR could have overstated home sales by as much as 20 percent.
An over-count of home sales may mean that there is a bigger backlog of unsold homes and that it will take longer for the U.S. housing sector to climb out of the deep hole it is already in, dragging on the broader economic recovery.
The crash of U.S. housing markets, in part because of shoddy lending practices, was at the heart of the economic meltdown that started in the United States and spread around the world.
The U.S. recovery has been held back by the slow healing of housing markets, with high foreclosure rates hold down home values and sales.
NAR said the data could be revised downward this summer, the newspaper said.
OOPS . . . an honest mistake?
A vacant home for sale is pictured in Yonkers, New York, October 26, 2010.
Credit: Reuters/Mike Segar
A vacant home for sale is pictured in Yonkers, New York, October 26, 2010.
Credit: Reuters/Mike Segar
A vacant home for sale is pictured in Yonkers, New York, October 26, 2010.
Credit: Reuters/Mike Segar
You are way to negative and unamerican. The tiny company CoreLogic is clearly biased and need some internet attention. What is their facebook/twitter audience size? Close to 0? What? Then make a big statement and get some!
The Recession has been over years ago!!
More american retired early, with wealth effect and low inflation expectations, and sitting in front of huge HDTVs enjoying the shows from north Africa!
Be a Patriotic person and BUY TFD!!
..."NAR said the data could be revised downard this summer, the newspaper said."...
....revised and released at 4:04 PM eastern on the friday before the long fourth of july holiday weekend...
i'll smoke the hopium on the day moody's downgrades itself and the bernank admits to "mistakes". until that day, rally on!
That is not news, the question is will Lawrence Yun be called before a congressional committee? And will he perjure himself?
http://online.wsj.com/article/SB1000142405274870447660457615845208795615...
You are way to negative and unamerican. The tiny company CoreLogic is clearly biased and need some internet attention. What is their facebook/twitter audience size? Close to 0? What? Then make a big statement and get some!
The Recession has been over years ago!!
More american retired early, with wealth effect and low inflation expectations, and sitting in front of huge HDTVs enjoying the shows from north Africa!
For those who invest in bio here is an important discovery.
"Drugs unlock the body's own stem cell cabinet"
The scope for patients to be treated with their own stem cells has been boosted by discovery of drug regimes that liberate specific types of stem cells from the bone marrow.
http://www.newscientist.com/article/dn16383-drugs-unlock-the-bodys-own-s...
http://www.glgroup.com/News/Sanofi-To-Buy-Genzyme-For-$20.1-Bn-52667.html
http://www.palmbeachpost.com/money/foreclosures/court-to-decide-on-wheth...
LIVE STREAM FROM COURT:
http://www.4dca.org/video.shtml
It was funny, I was reading the rag this morning (that's the Arizona Republic fyi) and guess what great insight I saw today on the lower-right front page?
WOMEN GET ONLY 1 in 20 JOBS AMID REBOUND
by Tony Pugh
McClatchy Newspapers
Then the qualification
"Job gains by men fueled January's steep decline in the national unemployment rate to 9 percent from 9.4"
"And of the 984,000 jobs created from January 2010 to January of this year, only 47,000 went to women."
Really?
Or are you just fucking stupid, and didn't notice that the bean counters forgot to fill one of the tills on the ledger? (dammit pyle you created these fake jobs as all men!)
I about dropped dead laughing. Instead of criticizing the blantantly obvious fraudulent numbers, they spin it as the good old boy male vs. female in the workplace.
Well at least the rag has other uses.
Germany says: Don't stress the tests, maan!