When I get into something I can become single-minded. Take for example the following article. Monday’s market euphoria across the world at the terms of the European Union/International Monetary Fund rescue package for the European bond market faded Tuesday as investors sold stocks and took profits on the euro. The worry for investors is whether (more…)
From DealBreaker.com (via CrossingWallStreet): Goldman Sachs just revealed in an SEC filing that its traders made money on every single trading day last quarter, a record for the firm. Net revenue for trading was $25 million or higher in all of the first quarter’s 63 trading days with 35 of those days bringing in more (more…)
Today somebody in the chat forum tried to politely say I was biased towards the Euro and hence could not see with clarity. I would say, first I am contrarian and will rant about things. But secondly and more importantly, I am trying to point out the hypocrisy. First let’s start with the Greek crisis. (more…)
The media is going to say that the CDU lost because of Greece, the bail out and the airwaves are going to go on, and on, and on about this. But you need to look at the facts much closer. First look at the winners and losers: Look at the results. The CDU, and SPD (more…)
Trying to figure out what to think about this: (from BusinessWeek) The Nasdaq said after markets closed that it will cancel all trades of stocks that moved more than 60 percent from their price at, or immediately prior to, 2:40 p.m., when the slide started. The cancellation applies to trades executed between 2:40 p.m. and (more…)
Everybody thinks that the Greek demonstrations will continue. I am going to say they will slow down dramatically. Reason? In einem tödlichen Inferno eskalierten die Proteste in Griechenland. Der Ministerpräsident zeigt sich bestürzt über den Tod dreier Menschen. Eines der Opfer war offenbar eine schwangere Frau. Let me translate. The demonstrators went heavy with the (more…)
So here we go Portugal is placed on review for downgrade. Moody’s Investors Service said it has put Portugal’s Aa2 government bond ratings on review for possible downgrade, while the government’s Prime-1 short-term rating was affirmed. Moody’s expects that, in the event of a downgrade, Portugal’s Aa2 ratings would fall by one, or at most (more…)
I can accept things when they are bad news, or problematic. But I can’t accept things when there is no real reason. The Euro Drop is such an example. 200 pips in a day? That is a 0.2% percentile action. What that tells me is that something is at hand. The typical response is “Greece”. (more…)
Image by Getty Images via Daylife I’ve been reading Paul Krugman’s blog at NYTimes.com daily. Paul won a Nobel Prize for economics, so obviously a smart guy. He’s very thoughtful and always bases his opinions on research and current economic thought. I basically defer to this guy on all economic issues like finance reform, the (more…)
I have been a very very vocal critic of Greece and how I thought they were incapable of tightening their belt. Well I stand corrected! Greece from what I see I have to say, “thank-you you are showing the kind of metal you are made off. As a Eurozone citizen I am impressed and will (more…)
