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lone2boy

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  • Greece is "about to hit the wall," euro-bear Mark Grant predicts, citing the deteriorating talks between European policymakers and Greece’s bondholders and IMF suggestions that the ECB take losses on Greek debt it purchased. “Ground Zero is fast approaching [and] a number of the EU nations are no longer in the mood to hand Greece more money knowing full and well that it cannot be repaid.”  [View news story]
    Ugh ! The wait is killing me.
    Jan 25 12:55 PM | Likes Like |Link to Comment
  • The average time a U.S. stock is held increased last year ... from 20 seconds to 22 seconds, according to Michael Hudson. It's a shorter time frame than even the average foreign currency trade, which is now 30 seconds. It's all about the computers, with high-frequency trading making up 70% of all volume.  [View news story]
    We need faster computers
    Jan 18 08:55 AM | Likes Like |Link to Comment
  • Another indication of an improving U.S. job market: remittances to Mexico are rebounding. Analysts expect money sent home last year by Mexicans living abroad, most of them residing in the U.S., will top $23B when Mexico's central bank releases annual figures this month. Although still below the 2007 peak of $26B, it would be a solid 8% increase over 2010.  [View news story]
    I guess if you look at it from a North American Union point of view.
    Jan 12 03:11 PM | Likes Like |Link to Comment
  • Another indication of an improving U.S. job market: remittances to Mexico are rebounding. Analysts expect money sent home last year by Mexicans living abroad, most of them residing in the U.S., will top $23B when Mexico's central bank releases annual figures this month. Although still below the 2007 peak of $26B, it would be a solid 8% increase over 2010.  [View news story]
    This is good news?
    Jan 12 03:09 PM | 1 Like Like |Link to Comment
  • "Let us actively make markets," says Jamie Dimon. We have the "deepest, widest and most transparent markets in the world," and that is a huge value to the investor. A balance needs to be struck between regulators who want less risk taken by market makers, and making sure that you can buy and sell securities actively enough to keep markets narrow for customers. (video)  [View news story]
    "To be greatly and effectively wicked a man needs some virtue"
    Jan 9 10:29 PM | 4 Likes Like |Link to Comment
  • Following a meeting in Paris, Merkel, Sarkozy, and Monti issue a statement announcing another summit between the three, this one in Rome on Jan. 20. Sarkozy: Italy and France have identical views on solving the crisis.  [View news story]
    They might as well move in together
    Jan 6 12:47 PM | Likes Like |Link to Comment
  • Thousands of U.S. troops are headed to Israel to take part in the largest-ever joint drill between the two countries. The exercise takes place amidst Iran's own war games as the West readies new sanctions against the country. Israel's military says the drill was planned long ago and has nothing to do with the recent sabre-rattling.  [View news story]
    "War - Good for a Few, Bad for Most"
    Jan 5 06:00 PM | Likes Like |Link to Comment
  • Thousands of U.S. troops are headed to Israel to take part in the largest-ever joint drill between the two countries. The exercise takes place amidst Iran's own war games as the West readies new sanctions against the country. Israel's military says the drill was planned long ago and has nothing to do with the recent sabre-rattling.  [View news story]
    My son and I are headed to Canada
    Jan 5 05:07 PM | 1 Like Like |Link to Comment
  • Bank of America (BAC) disputes its LA Times portrayal as putting the squeeze to small businesses: "What we've done is not cut or close credit lines for small business clients across the board, but rather... a very, very, very small percentage of customers, and just put into place standard practices such as a maturity date and an annual renewal process." Some industry watchers aren't buying it.  [View news story]
    ?
    Jan 4 07:45 PM | Likes Like |Link to Comment
  • The latest data shows continued deterioration in Greek tax revenue, income taxes collected through November coming in 9.3% less than last year, suggesting the budget deficit will balloon above 10% of GDP. The Finance Ministry has alerted all state organs not to spend a euro above their budgets and that they should not take for granted even budgeted funds will show up in their bank accounts.  [View news story]
    What other result would you expect? Simple Math
    Dec 29 03:31 PM | 2 Likes Like |Link to Comment
  • Initial Jobless Claims: +15K to 381K vs. +9K consensus. Continuing claims +34K to 3.6M[View news story]
    Every time I think I've got my sanity back I read a post like Terry 330
    Dec 29 09:22 AM | 4 Likes Like |Link to Comment
  • New findings strengthen the belief that MF Global was careless with customer money, DealBook reports. Federal authorities investigating MF's demise now think the firm began improperly moving customer money to a middleman on Oct. 27, earlier than previously believed. The transfers represent a new line of inquiry in the hunt for more than $1B in missing money.  [View news story]
    Corzine was given an offer (from Chase) he could not refuse
    Dec 29 09:16 AM | Likes Like |Link to Comment
  • JPMorgan (JPM) may have done for towns across Europe what it did for Jefferson County, Alabama - enticed officials into tricky swap agreements that backfired, cratering the localities' finances. The bank - which denies wrongdoing - and some of its employees are on trial in Milan (along with DB and UBS), and a case is about to begin in Frankfurt.  [View news story]
    guilty as charged
    Dec 28 05:04 PM | 1 Like Like |Link to Comment
  • John Carney sees "no end in sight" for Europe's sovereign debt crisis, given a lack of political willpower, but expects the euro to survive the fiasco. He also sees a combination of weak European demand, soft domestic spending, local debt woes, and a housing crash triggering a political crisis in China, and expects Goldman Sachs' (GS) Lloyd Blankfein to retire. (previously)  [View news story]
    enjoy your grandchildren lloyd
    Dec 28 03:10 PM | Likes Like |Link to Comment
  • The WSJ reports that President Obama plans to nominate Harvard finance professor Jeremy Stein and Jerome Powell - a former Bush official and P-E exec - to fill the two vacancies on the Federal Reserve Board.  [View news story]
    To choose between two evils is evil in itself
    Dec 27 01:18 PM | 3 Likes Like |Link to Comment
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