"France, but also Germany, have a special responsibility, as heavyweights in the eurozone, to take seriously the new deficit reduction rules," Bundesbank chief Jens Weidmann says, becoming the second official in a week to remind France of its obligation to cut its budget deficit to 3%, even if it takes a few extra years. There is a "certain amount of flexibility" in the rules, Weidmann continues, but their "credibility won't be enhanced if one were to exhaust [that] flexibility right at the start." Translation: Weidmann doesn't want anyone pushing their luck. [View news story]
Weidmann is still stuck in the 19th century and he will do Eurozone in.
Fannie Mae (FNMA.OB) pre-tax Q1 income of $8.1B, its largest ever and against $7.6B in Q4, $2.7B a year ago. The company will pay Treasury $59.4B in Q2 after releasing its deferred tax asset to the tune of $50.6B. The release comes about as the company's accountants are convinced Fannie will remain profitable for the foreseeable future. Is Congress really going to shut this machine down? (PR) [View news story]
Pathetic, just pathetic.
You are a basket case about why ideologues will never make money in the market.
Falling Commodity Prices Could Burst The U.S. Farmland Bubble [View article]
As a reminder, Chinese meat consumption per capita is less than half of the US.
"France, but also Germany, have a special responsibility, as heavyweights in the eurozone, to take seriously the new deficit reduction rules," Bundesbank chief Jens Weidmann says, becoming the second official in a week to remind France of its obligation to cut its budget deficit to 3%, even if it takes a few extra years. There is a "certain amount of flexibility" in the rules, Weidmann continues, but their "credibility won't be enhanced if one were to exhaust [that] flexibility right at the start." Translation: Weidmann doesn't want anyone pushing their luck. [View news story]
Alan Abelson Died: Lives On Through A Generation He Defined [View article]
A good writer perhaps, but a terrible market commentator.
American Industry Collapsing Into Q2 [View article]
The Sell-Off In Gold Has Become Plain Silly [View article]
Tesla's First Red Flag [View article]
Sounds like a merciful way of doing business.
Time Travel In Euroland [View article]
Europe bye bye and down goes the Fourth Reich.
4 Scary Charts Warning Of The Next Financial Crisis [View article]
Japan may still end in disaster, but the stock market thinks there is a glimmer of hope.
Bernanke The Washington Super-Whale, Hedge Fundies And The Widowmaker [View article]
Walking On Google Glass [View article]
Recession Watch: ECRI's Weekly Leading Indicator Continues To Show Improvement [View article]
That Achuthan dude will soon be fired.
The Obama Administration's Natural Gas Policy Is Tragically Misguided [View article]
You are all for protectionism if your little turf is being encroached.
Typical.
Is The Tesla Model S Green? [View article]
Fannie Mae (FNMA.OB) pre-tax Q1 income of $8.1B, its largest ever and against $7.6B in Q4, $2.7B a year ago. The company will pay Treasury $59.4B in Q2 after releasing its deferred tax asset to the tune of $50.6B. The release comes about as the company's accountants are convinced Fannie will remain profitable for the foreseeable future. Is Congress really going to shut this machine down? (PR) [View news story]
You are a basket case about why ideologues will never make money in the market.
Is This The Market Top? How To Best Position For A Sell-Off [View article]
They are not worthy your time and consideration.
If you are bearish on the market, just short SPY.