Bernanke Congressional Testimony: Premature tightening risks choking off the economic recovery, says Bernanke in prepared remarks, and the FOMC stands ready to increase or decrease QE as necessary. Watch live here. [View news story]
Why would market goes down? We have the fed to buy up the entire market with just a click of a button...The fed will support the market...buy up the bond, buy up the stocks. The fed can buy anything as they have immortal amount of $$$
Oil is set to fall by 30% this year, says Levitt Capital's Robert Levitt. The impact of increased shale oil supplies have been drastically underestimated by the markets, Levitt says. This increase, when combined with the resolution of pipeline transportation issues, should ease upward pressure on oil prices. "Once we have all these issues straightened out, the price of oil is going to come down and that will be a great boom for the global economy." [View news story]
If there is too much supply, wouldn't the oil company cut supply? Supply and demand...supply more than demand so cut output and cut job.
"Those who bet on Greece collapsing and the EU being seriously wounded will lose," says Greek PM Samaras, following a meeting with Angela Merkel (whose visit to Athens unleashed a major protest). The Greek people are bleeding, he says, but determined to stay in the euro. [View news story]
Merkel is there to advice Greeks to get ready for the rebirth of drachma and how to handle hyperinflation.
A Spanish rescue program - completion of which would allow the ECB to commence its bond-purchase operation - is under backroom discussion and set to be unveiled next week, according to officials. The plan will be "pre-approved" by Brussels, helping to ease Spanish PM Rajoy's political issue of not wanting to request a bailout for fear of the strings that may be attached. [View news story]
Reward the devil and punish the angel...immoral has prevail...
Speaking ahead of talks today with eurozone chief Jean-Claude Juncker, Greek PM Antonio Antonis Samaras tells De Bild that his country needs "air to breathe" to spark the economy back into life. Samaras is looking for an extension to budget cuts, which, the FT reports, will be greater than expected due to falling tax revenues and increased social security contributions. [View news story]
Don't worry. You can trust the "$DRUG" addict when they said they will pay you back.
Pimco CEO Mohamed El-Erian says the strong jobs report "is not an economic recovery game changer." The picture is still mixed, the economy is healing, but only gradually. Regardless, we won't see much from the Fed either way come September, because it lacks the tools to deal with the underlying problems. (Video) [View news story]
Another bank shutter. Oh, no worry, everything is fine, Let's party on...
"Waukegan Savings Bank of Waukegan, Illinois was closed by regulators on Friday, making it the 40th U.S. bank failure of the year. First Midwest Bank of Itasca, Illinois will assume the $77.5M in deposits, and also purchase its roughly $89M in assets. The cost of the failure to the FDIC: $19.8M."
Facebook's (FB) member and usage growth is slowing sharply in the U.S., data from comScore shows, although that's partly because it's the most dominant site: Facebook has 71% of Internet users and draws them in for six hours a month. The main areas of expansion are mobile and overseas, although neither has yet proved as lucrative as Facebook's main business. [View news story]
Sorry, I don't understand. If you have taken 71% of the market share. How much more growth do you expect? I neither like nor don't like FB as I am not really in the 71% fan...but consider an amateur startup that can capture 71% of the market in such a short time and is growing externally, it is quite impressively to me. I do sometimes get sick and tired when friends around me keep hankering on FB...hey did you check this or that on FB...
The big news isn't the €100B, tweets Pawel Morski, it's that the eurozone (Germany) for the first time passed on imposing more austerity as a condition of the bailout. [View news story]
Fund go to Spanish bank and the bank use it to buy Spain government bond because it is "safer" than loaning to retail. The rat chasing its tail...LoL
The big news isn't the €100B, tweets Pawel Morski, it's that the eurozone (Germany) for the first time passed on imposing more austerity as a condition of the bailout. [View news story]
Doom and gloom will be gone for now. Bright and Sunny are here. The world moral cannot even be found in the abyss. The world will not end now but maybe in the next decade. The current generation has learn the trick of all trades. Borrow and threaten and don't need to pay back. No need to be responsible and no obligation. Great lesson learn. TUNAMAN is absolutely RIGHT. No other countries will ever accept austerity AGAIN from today onwards. You just need to threaten your way out. The can is kicks a few miles down the road Yet again.
Stocks Going Ex Dividend The Second Week Of May 2012 [View article]
If you want dividend and DON'T HAVE the stock, Buy 1 day before ex-dividend date. If you want dividend and HAVE the stock, Sell on or after ex-dividend date.
European Debt Markets Look Past Moody's, But No Closure in Greece [View article]
Yes. Totally agree. Its another Ponzi scheme. Bring in New $ to pay old $ but yet the total debt keep increasing as the Greece economy goes down the drain. Without the capability to devalue to help export or attract more tourist $, Greece is trapped and spiralling downward deeper into hell. The new loan will just delay its decend to hell for a few weeks.
Greek PM Papademos is reportedly considering quitting if he cannot get the 3 parties in the ruling government coalition to agree on the latest reforms mandated by Brussels. Among the measures are a cut in the €751/month ($976) minimum wage and a 25% cut in private sector labor costs. (see also) [View news story]
Got to cut down on Ouzo. Can they live on a further pay cut? More ppl jobless mean less tax revenue equal to spiralling downward further. So how are they going to repay their debt? Guess more Great $ chasing after the rotten one. The next and the next and the next generation will be slogging like cow to pay off the debt. The only way to resolve is to RESET back to 0 like playing game...Reset and you get back your 5 chances to start fresh over again else You Lose...Defualt and get it over with and pass the ball to others PIIGS. Stop holding the ball...
European Unemployment: How Can This Continue? [View article]
Signing the treaty does not mean anything. Its Euro way of Robo signing. It is just like swearing in the court. I will tell the truth, nothing but the whole truth...Did he really tell the truth. Just follow...he sign I sign...
Another snag in Greek writedown talks means that Greece and its private-sector creditors may not wrap up before Monday, when Europe finmins meet about a new bailout. The hangup? An agreement centering on an average coupon of 4% on new bonds, which Germany and the IMF think is still too high to bring Greek debt back to sustainability. (ETF: GREK) [View news story]
The Big Fat Greeds or Greeks. I cannot believe we are bailing out a bunch of assholes who spend not only their future $$ but others countries future $$ and yet got the guts to ask for more...Beggars and Robbers. I am Furious.
Bernanke Congressional Testimony: Premature tightening risks choking off the economic recovery, says Bernanke in prepared remarks, and the FOMC stands ready to increase or decrease QE as necessary. Watch live here. [View news story]
Oil is set to fall by 30% this year, says Levitt Capital's Robert Levitt. The impact of increased shale oil supplies have been drastically underestimated by the markets, Levitt says. This increase, when combined with the resolution of pipeline transportation issues, should ease upward pressure on oil prices. "Once we have all these issues straightened out, the price of oil is going to come down and that will be a great boom for the global economy." [View news story]
"Those who bet on Greece collapsing and the EU being seriously wounded will lose," says Greek PM Samaras, following a meeting with Angela Merkel (whose visit to Athens unleashed a major protest). The Greek people are bleeding, he says, but determined to stay in the euro. [View news story]
A Spanish rescue program - completion of which would allow the ECB to commence its bond-purchase operation - is under backroom discussion and set to be unveiled next week, according to officials. The plan will be "pre-approved" by Brussels, helping to ease Spanish PM Rajoy's political issue of not wanting to request a bailout for fear of the strings that may be attached. [View news story]
Speaking ahead of talks today with eurozone chief Jean-Claude Juncker, Greek PM Antonio Antonis Samaras tells De Bild that his country needs "air to breathe" to spark the economy back into life. Samaras is looking for an extension to budget cuts, which, the FT reports, will be greater than expected due to falling tax revenues and increased social security contributions.
[View news story]
Pimco CEO Mohamed El-Erian says the strong jobs report "is not an economic recovery game changer." The picture is still mixed, the economy is healing, but only gradually. Regardless, we won't see much from the Fed either way come September, because it lacks the tools to deal with the underlying problems. (Video) [View news story]
"Waukegan Savings Bank of Waukegan, Illinois was closed by regulators on Friday, making it the 40th U.S. bank failure of the year. First Midwest Bank of Itasca, Illinois will assume the $77.5M in deposits, and also purchase its roughly $89M in assets. The cost of the failure to the FDIC: $19.8M."
Facebook's (FB) member and usage growth is slowing sharply in the U.S., data from comScore shows, although that's partly because it's the most dominant site: Facebook has 71% of Internet users and draws them in for six hours a month. The main areas of expansion are mobile and overseas, although neither has yet proved as lucrative as Facebook's main business. [View news story]
The big news isn't the €100B, tweets Pawel Morski, it's that the eurozone (Germany) for the first time passed on imposing more austerity as a condition of the bailout. [View news story]
The big news isn't the €100B, tweets Pawel Morski, it's that the eurozone (Germany) for the first time passed on imposing more austerity as a condition of the bailout. [View news story]
TUNAMAN is absolutely RIGHT. No other countries will ever accept austerity AGAIN from today onwards. You just need to threaten your way out. The can is kicks a few miles down the road Yet again.
Stocks Going Ex Dividend The Second Week Of May 2012 [View article]
If you want dividend and HAVE the stock, Sell on or after ex-dividend date.
Worry When The Market Shows No Fear [View article]
European Debt Markets Look Past Moody's, But No Closure in Greece [View article]
Greek PM Papademos is reportedly considering quitting if he cannot get the 3 parties in the ruling government coalition to agree on the latest reforms mandated by Brussels. Among the measures are a cut in the €751/month ($976) minimum wage and a 25% cut in private sector labor costs. (see also) [View news story]
European Unemployment: How Can This Continue? [View article]
Another snag in Greek writedown talks means that Greece and its private-sector creditors may not wrap up before Monday, when Europe finmins meet about a new bailout. The hangup? An agreement centering on an average coupon of 4% on new bonds, which Germany and the IMF think is still too high to bring Greek debt back to sustainability. (ETF: GREK) [View news story]