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Bear Bait

Bear Bait
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  • It's not just swaps on Spain and Portugal CDS that are soaring, as Italian CDS surge to a six-month high. Italy is like Portugal in that it is growing so slowly that its tax revenues might fall short of covering its IOUs. Italy's economy is almost half-again as large as Spain's, and Spain is considered the "big elephant" in the room that the euro zone doesn't have the resources to save.  [View news story]
    Let's not forget to throw Italy in..... we'll scare the world to death and make billions shrting the Eurozone.
    Nov 29, 2010. 09:49 AM | 1 Like Like |Link to Comment
  • The euro (FXE -0.6%) and European stock indices have all turned lower after reflexively opening higher following Ireland's Sunday bailout. Yield spreads on Spanish and Portuguese debt continue to widen as investors focus on the next dominos.  [View news story]
    Yield spreads on Spanish and Portuguese debt continue to widen as investors focus on the next dominos.

    Speculations is good. It increases liquidity. My ass.

    When there are entities that have the money and power to short countries into or near collapse. There is something bad wrong with the system.
    Nov 29, 2010. 08:02 AM | 4 Likes Like |Link to Comment
  • Belgium's problems have largely been flying under the radar, but reckless cross-border lending by big banks has made many nations, especially Belgium, vulnerable to Ireland's fiscal crisis, Simon Johnson writes. CDS linked to Belgian debt have risen to a record high, and the country faces an important test Monday when it tries to sell €1.5B-2.5B worth of bonds.  [View news story]
    Ok vultures 1 2 3 short...............
    Nov 26, 2010. 11:07 AM | Likes Like |Link to Comment
  • PM Zapatero "absolutely" rules out an EU rescue of Spain and warns short-sellers they will face losses. Spain is relying on a combination of budget cuts and a large domestic market for its debt to prevent the debt contagion from hitting there. The IBEX is off 2.3% today and nearly 10% for the week.  [View news story]
    I was thinking something a little more recent than that...... If my memory and quickie research is correct, that was at the very beginning of the financial meltdow. I'm thinking they may need another one by now.
    Nov 26, 2010. 10:13 AM | Likes Like |Link to Comment
  • Sources say the first Chrome OS (GOOG) netbooks will ship in the next few weeks, and they'll be Google-branded but built by a third-party hardware maker. The Chrome netbook will be so fast it's expected to boot up in seconds, making it the 'Mario Andretti' of the field. Premarket, Google is -0.1% to $594.  [View news story]
    boot time has always been a sore spot with me and Winedows. Especially Vista. Aint' none of my computers runnin' Vista anymore.
    Nov 26, 2010. 09:30 AM | Likes Like |Link to Comment
  • PM Zapatero "absolutely" rules out an EU rescue of Spain and warns short-sellers they will face losses. Spain is relying on a combination of budget cuts and a large domestic market for its debt to prevent the debt contagion from hitting there. The IBEX is off 2.3% today and nearly 10% for the week.  [View news story]
    The EU and IMF suspended talks over the bailout package on Saturday after Fidesz refused to abandon the bank tax, which the Fund says will squeeze lending and hamper growth. It had called for deeper structural reforms.

    That came from one of your July posts. I could not find anything later about Hungary accepting a bailout. Ok commenters did Hungary take a bailout or not. I can't remember.
    Nov 26, 2010. 09:25 AM | Likes Like |Link to Comment
  • Portugal has denied a report that several EU countries as well as the ECB are pressuring the country to apply for a bailout. Separately, Portugal's finance minister says the EU cannot force his government to accept a bailout. The spread between Portuguese debt and German debt now stands at 444 basis points.  [View news story]
    Next..........
    Nov 26, 2010. 08:53 AM | Likes Like |Link to Comment
  • PM Zapatero "absolutely" rules out an EU rescue of Spain and warns short-sellers they will face losses. Spain is relying on a combination of budget cuts and a large domestic market for its debt to prevent the debt contagion from hitting there. The IBEX is off 2.3% today and nearly 10% for the week.  [View news story]
    unfortunately I say take the bail out and drive a stake through the blood sucking short sellers hearts. I do believe it was Ben Franklin that said "a stitch in time saves nine." That may very well apply here. I noticed a blurb about Hungary. I guess that's the next country on the list after Portugal.
    Nov 26, 2010. 08:52 AM | Likes Like |Link to Comment
  • PM Zapatero "absolutely" rules out an EU rescue of Spain and warns short-sellers they will face losses. Spain is relying on a combination of budget cuts and a large domestic market for its debt to prevent the debt contagion from hitting there. The IBEX is off 2.3% today and nearly 10% for the week.  [View news story]
    ".....Spain and warns short-sellers they will face losses." The speculation vultures will jump on Spain and short it until Spain is forced by the EU to take a bailout. Then the vultures will move on to Portugal or some other country. First we had Greece then Ireland and now they're working on Spain. It concerns me that the Speculators have enough money to bring a country down. Is this what the rich are doing with their money?
    Nov 26, 2010. 08:23 AM | 2 Likes Like |Link to Comment
  • AAA predicts some 42.2M people will travel at least 50 miles from home on America's highways during the long Thanksgiving weekend, an increase of 11% from last year. The uptick in auto travel indicates people are feeling at least a bit better about their budgets than they were last year, but it also could mean that people want to avoid this.  [View news story]
    I thinik they were already calling for an increase in travelers driving before the pat down fiasco. So, the actual number of travelers drinving may eve be larger!
    Nov 22, 2010. 03:27 PM | Likes Like |Link to Comment
  • With today's record-low interest rates, governments should be borrowing more - not stop spending, Yale professor Robert Shiller writes. Rock-bottom rates offer governments a significant arbitrage opportunity: "Borrow massively at these low real interest rates, and invest the proceeds in positive-returning projects, such as infrastructure or education."  [View news story]
    Now is the time to refinance Govt Debt.......
    Nov 18, 2010. 08:03 PM | 2 Likes Like |Link to Comment
  • Using the NYT as his soapbox, Warren Buffett pens a thank you letter to the U.S. government. It makes for an interesting read.  [View news story]
    I totally agree with Buffett and bbro.......
    Nov 17, 2010. 08:36 AM | 1 Like Like |Link to Comment
  • An inaugural survey of every-day Wal-Mart (WMT) items turns up a surprising 0.6% price increase over the last two months - or almost 4% Y/Y. If accurate, inflation is already moving above the Fed's target range of 2%. It would also indicate retailers may be able to raise prices while maintaining sales - a bullish signal for the industry.  [View news story]
    I would be suspicious of predicting any inflationary trends based on one company and a company that has said they are dicontinuing a price cutting program called "rollbacks".

    "Part of that strategy involves ending a series of "rollbacks", or steep price cuts, on thousands of items that did not end up boosting sales, company executives said. Instead it restored what it calls "everyday low prices" on a wider array of goods to lure shoppers."

    Here's the link to the story.
    www.cnbc.com/id/38735406
    Nov 11, 2010. 11:04 PM | 1 Like Like |Link to Comment
  • Two years from now, Windows 8 had better be a game-changing operating system if Microsoft (MSFT) wants its customer base to upgrade from Windows 7, which is still being deployed. Usually, companies want to "upgrade only to every other edition," says a Gartner analyst. Microsoft's customers proved this by staying on Windows XP instead of migrating to Vista.  [View news story]
    Not that I'm a software genius; but, my experience with W7 is lightyears better than with Vista. I still have one desktop running XP. It is less troublesome than W7. But, I'd convert it to W7 if MSFT didn't charge for every upgrade. I;m wondering about the Windows 7 for mobile phones. I'm still running a Blackberry.
    Nov 8, 2010. 11:30 AM | Likes Like |Link to Comment
  • Two years from now, Windows 8 had better be a game-changing operating system if Microsoft (MSFT) wants its customer base to upgrade from Windows 7, which is still being deployed. Usually, companies want to "upgrade only to every other edition," says a Gartner analyst. Microsoft's customers proved this by staying on Windows XP instead of migrating to Vista.  [View news story]
    I don't know that it proves the every other upgrade theory. But it sure does confirm that Vista was pretty much Bad. I'm trying to be kind. When my computer came with Vista I wanted to switch it to XP and was told I couldn't. I switched to 7 just weeks after it was out to get away from Vista.
    Nov 8, 2010. 09:28 AM | Likes Like |Link to Comment
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698 Comments
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