Risk back on as positive US & China data and short covering in Eurozone sov credit drive markets

Original piece here.

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Comments

[williambanzai7]

[wgpitts]

There is no trading. Its simply these banks that received hundreds of billions of free money from the central banks buying and selling each others paper hoping that the price of the stocks they drove up with their new found money remaans higher than the non recourse debt they owe the central banks on their balance sheets. I would love to know if the central banks directed them to buy each others stocks with the money they gave them to drive the market higher..

[revenue_anticip...]

hardly any comments...WELL I WILL off topic ...

M.A.D. Nuclear War, 'Impossible'...i FORGOT...we all forgot...that a quickly suppressed weapon system, vintage 1958...can/had been built, no inventory...but some country/somewhere COULD INDEED USE NUCLEAR TACTICAL WEAPONRY...within the 'sane' Klauswitzian framework of rational war...

From BBC :

The man who invented the neutron bomb, Samuel Cohen, has died in California, at the age of 89.

The neutron bomb was a small tactical nuclear weapon, which produced lethal tiny particles to kill enemy soldiers while leaving buildings largely undamaged.

Mr Cohen called it "the most sane weapon ever devised".

It was developed in the US in the 80s, but was soon condemned for making nuclear warfare more likely.

Only a small number of neutron warheads were produced, and Washington never deployed the weapon alongside its other nuclear forces in Europe because of the surrounding political controversy.

Many left-wingers and liberals in Europe and America dubbed it the "capitalist" bomb.

They said the massive destruction and wide fallout area associated with conventional nuclear weapons was the chief deterrent to their use.

'World intact'

Mr Cohen died from stomach cancer complications on Sunday at his home in Los Angeles, his son told the New York Times and the Los Angeles Times.

Mr Cohen developed the small neutron bomb in 1958, which used sub-atomic particles that could avoid buildings, but kill humans and other life forms, usually by attacking their central nervous system.

"It's the only nuclear weapon in history that makes sense in waging war. When the war is over, the world is still intact," he told the New York Times in September.

It also reduced the risk of long-term nuclear contamination as the neutrons dissipated quickly.

In the 1940s, Mr Cohen worked on the Manhattan Project to build the atomic bomb during World War II, focusing on the calculations for Fat Man, the bomb dropped on Nagasaki, Japan, in 1945.