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RANsquawk EU Morning Call - German Factory Orders Preview - 05/06/12
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WW3 news...
http://www.bbc.co.uk/news/world-europe-18320425
Azeri-Armenian clashes 'may escalate' - Hillary ClintonUS Secretary of State Hillary Clinton has voiced concern over border clashes between Armenia and Azerbaijan - hours after three Armenian soldiers died in the latest skirmishes.
Speaking in Armenia, she warned that the clashes "could escalate into a much broader conflict" in the Caucasus.
Both sides have been building up arms in recent months and refusing to compromise.
Let's remind everyone... Russia VS NATO... right on the Iranian, Russian and Georgian border...
Turkey wants to destroy Armenia. Turkey is in NATO. Russia is protecting Armenia... This could be a big big big big clusterfuck if it were to go live.
Same area of the world used as an excuse to start WW1. This shit really is cyclical.
http://www.youtube.com/watch?v=G2VHf5vpBy8
Will rates stay low, QE or no? http://www.cnhedge.com/thread-7086-1-1.html
German Manufacturing Orders just collapsed. Fugly, especially on the Foreign side. The Euro just lost it's last crutch. No leg to stand on going forward. Mind the Gap. :)
Apparently an emergency meeting of G7 finance ministers has been called. Sounds like coordinated QE/liquidity injections are about to occur. A big ink order must have gone in.
Yep, I can see how that meeting will go...
"so, Germany, you got this right?"
"nein!"
"anyone else got something to help out?" (crickets chirping)
"uhhh, well...guess we'll punt to the ECB."