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Garfield23

Garfield23
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  • "Investors should not minimize the importance of this matter," writes Bernstein's Brad Hintz of the Libor case. Barclays (BCS) and other banks that may settle (C, RBS, UBS, LYG, DB among those) could face "significant civil claims" for years, he says.  [View news story]
    if someone knows the actual calc diffs, pls illustrate....would be fun to see
    Jun 29 10:52 AM | Likes Like |Link to Comment
  • European markets continue to grind higher following the summit, with today's vibe similar to that of last October's summit conclusion. Europe wasn't solved then (as it wasn't last night), but it didn't stop a sizable rally over the next few months. Stoxx 50 +3.5%, Germany +3.1%, Italy +4.3%. VGK +2.9% premarket.  [View news story]
    yikes!

    details everyone:

    euro banks cant get money until they create this phantom bank supervisor which is not gonna get created until the end of the year!

    what happens in the meantime,

    details, details....
    Jun 29 10:49 AM | Likes Like |Link to Comment
  • More from Merkel: She says a vote on the permanent EU rescue fund (the ESM) will take place in German parliament today. To pass it, Merkel needs the vote of opposition parties - all of whom desire a softer stance towards Germany's troubled eurozone neighbors. Last night's agreement should seal that.  [View news story]
    too much hype, euro still troubled...
    Jun 29 09:56 AM | Likes Like |Link to Comment
  • At the open: Dow +1.48% to 12789. S&P +1.73% to 1352. Nasdaq +2.02% to 2907.
    Treasurys: 30-year -0.96%. 10-yr -0.43%. 5-yr -0.23%.
    Commodities: Crude +5.32% to $81.82. Gold +2.97% to $1596.45.
    Currencies: Euro +1.88% vs. dollar. Yen +0.22%. Pound -1.09%.  [View news story]
    the EU summit doesnt change a thing, the story is the same....
    Jun 29 09:51 AM | 1 Like Like |Link to Comment
  • The "fat tail" of a disorderly denouement to the EU crisis grows, according to Ray Dalio. "Students of human nature and deleveragings know" the difficulty of creating a solution, he writes. "We think the popular assumption that the Germans and the ECB will come through with the money to make all these debts good should not be taken for granted." (Soros yesterday)  [View news story]
    when it happens, it will happen fast! - remember when the Bear Stearns CFO mentioned on a conf. call that they were having liquidity problems?...it will be the same thing with the Euro...you will get a small mention that Germany is spending money on Currency artisits...or that they will not be able to attend a meeting and they are considering their options....

    in any event, when it happens, it will happen fast, and we expect the Euro to tumble 10 cents in a single day....!!!
    Jun 27 11:58 AM | Likes Like |Link to Comment
  • More on Consumer Confidence: It's the 4th decline in a row for the index, which now stands at its lowest level since January (expectations at lowest level since November). "The failure of Bernanke's 'wealth effect,'" says Not Jim Cramer, noting the divergence since QE began between consumer confidence and stock prices.  [View news story]
    Visa Europe Prepares For Possible Euro Zone Breakup

    "From our perspective, we can implement new currencies at the drop of a hat," Mr. Perry said on the sidelines of the BRC Retail Symposium conference. "If a collapse were to happen, or an individual country were to leave the euro, we could handle that very quickly in terms of allowing people to use their cards in a payment capability." ddd


    http://on.wsj.com/OrbTw1
    Jun 26 01:38 PM | Likes Like |Link to Comment
  • The Road To Eurozone Deposit Insurance [View article]
    Visa Europe Prepares For Possible Euro Zone Breakup

    "From our perspective, we can implement new currencies at the drop of a hat," Mr. Perry said on the sidelines of the BRC Retail Symposium conference. "If a collapse were to happen, or an individual country were to leave the euro, we could handle that very quickly in terms of allowing people to use their cards in a payment capability."


    http://on.wsj.com/OrbTw1
    Jun 26 01:37 PM | Likes Like |Link to Comment
  • The Road To Eurozone Deposit Insurance [View article]
    its a headfake, - germany will never agree to shared collatrl, - so even if Spain (or another bk country) does it, it really doesn't mean anything...
    Jun 26 01:02 PM | Likes Like |Link to Comment
  • Where In The World Is Risk Today? [View article]
    all Euro based countries are at most risk....
    Jun 26 11:00 AM | Likes Like |Link to Comment
  • GeoEye (GEOY -25.5%) gets crushed after disclosing a government agency won't exercise a renewal option for a satellite imagery program, and is instead proposing less lucrative short-term contracts. In addition, the agency won't be providing cost share funding for an upcoming satellite launch. Benchmark is downgrading shares to Hold, and thinks GeoEye's 2013 bond payments are now at risk. JPMorgan thinks a buyout offer from rival DigitalGlobe (DGI -2.6%) is now more likely. (previous)  [View news story]
    Great buy! If NGA doesn't take future yrs, other nations will. This is a blessing in disguise as the company will receive higher revenues...
    Jun 25 03:24 PM | Likes Like |Link to Comment
  • The ECB can stop the sovereign debt crisis "almost immediately" by carrying out a "massive" round of government bond purchases, says Guillermo Ortiz, formerly Governor of Mexico's central bank. So now we've got former Mexican central bankers advising the ECB to print massive amounts of money to fund governments. Wonderful.  [View news story]
    good points,...

    however, how do you take an equity position in a Country?

    thats the flaw in the aforementioned thinking...

    also, if they do attempt now they will realize they are out of ammo...
    Jun 18 03:56 PM | Likes Like |Link to Comment
  • The ECB can stop the sovereign debt crisis "almost immediately" by carrying out a "massive" round of government bond purchases, says Guillermo Ortiz, formerly Governor of Mexico's central bank. So now we've got former Mexican central bankers advising the ECB to print massive amounts of money to fund governments. Wonderful.  [View news story]
    investors look at what the variables are, and if they want to cya then go for it, otherwise they continue to ruin the issue...

    we see a complete investor withdrawal from europe and seeing the euro crash...

    at some point merkel bucks her riders, if you know what I mean...
    Jun 18 03:47 PM | 2 Likes Like |Link to Comment
  • The ECB can stop the sovereign debt crisis "almost immediately" by carrying out a "massive" round of government bond purchases, says Guillermo Ortiz, formerly Governor of Mexico's central bank. So now we've got former Mexican central bankers advising the ECB to print massive amounts of money to fund governments. Wonderful.  [View news story]
    this is such a joke! these CB fhools think that the world wants more debt, if anything they continue to prove their lack of credibility...the house of cards is falling in Euro.

    throwing more money at the problem worked in the beginning, but now investors are realists and want assets to stand on their own validity...

    the more they talk about throwing money at it, the more concerned we get...

    Owning the Euro is the biggest scam as it will be worth 1/2 of what it currently is in short order...
    Jun 18 03:42 PM | 1 Like Like |Link to Comment
  • Official projections show the establishment (pro-bailout) parties - New Democracy and Pasok - with enough seats to form a government in Greece. New Democracy is projected at 30.1%, Syriza at 26.5%, Pasok at 12.6%. Pasok indicates it will provide the votes to create a majority but will not take part in the government, reports Dow Jones. The euro is buying $1.2705 vs a Friday close of $1.2638.  [View news story]
    after all is said and done....Germany will be bankrupt in 2 years....as all these others have loaded them up with debt that can never-ever be repaid....its a fools game and investors are starting to catch on....
    Jun 17 06:29 PM | 3 Likes Like |Link to Comment
  • Official projections show the establishment (pro-bailout) parties - New Democracy and Pasok - with enough seats to form a government in Greece. New Democracy is projected at 30.1%, Syriza at 26.5%, Pasok at 12.6%. Pasok indicates it will provide the votes to create a majority but will not take part in the government, reports Dow Jones. The euro is buying $1.2705 vs a Friday close of $1.2638.  [View news story]
    more like: those credit cards I stole, well they gave me another week to use them bf I had to turn them in.....
    Jun 17 06:23 PM | 1 Like Like |Link to Comment
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