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johnybutts

johnybutts
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  • "Greece, in March faces the immediate risk of a disorderly default," without additional rescue money, says PM Papademos, speaking to a group of business and union leaders. He also tells those assembled that Greeks must accept a fall in income to stay in the euro.  [View news story]
    NOTHING TO SEE HERE FOLKS PLEASE MOVE ALONG!
    Jan 4 01:05 PM | Likes Like |Link to Comment
  • It's official (at least according to Zero Hedge): The U.S. debt-to-GDP ratio now exceeds 100%. U.S. debt net of all settlements for already completed bond auctions today surpassed the latest annualized GDP figures, based on ZH's numbers.  [View news story]
    Rally!!!
    Dec 21 06:28 PM | Likes Like |Link to Comment
  • Commerzbank (CRZBY.PK) is leading European shares higher after a report of some fancy footwork that will allow the bank to get bailed out without it appearing so. The lender is negotiating with the government to transfer its real-estate saddled Eurohypo unit into a state-owned bad bank using clever accounting to make it seem a legitimate sale. Shares +4.6%.  [View news story]
    The insanity continues.
    Dec 15 07:14 AM | Likes Like |Link to Comment
  • Greece's budget deficit widens to €20.5B through November, 5% higher than a year ago despite a raft of new taxes and collection efforts, as well as budget cuts. Spending rose 3% anyway, much of it due to a sharp boost in financing costs as government bond yields soared. Meanwhile, estimates for economic contraction continue to grow. The math isn't working in Athens.  [View news story]
    youngman, you did not see anything, please move along. No talking in the theatre.
    Dec 13 08:59 AM | Likes Like |Link to Comment
  • Greece's budget deficit widens to €20.5B through November, 5% higher than a year ago despite a raft of new taxes and collection efforts, as well as budget cuts. Spending rose 3% anyway, much of it due to a sharp boost in financing costs as government bond yields soared. Meanwhile, estimates for economic contraction continue to grow. The math isn't working in Athens.  [View news story]
    Nothing to see here folks, move along.
    Dec 13 08:45 AM | Likes Like |Link to Comment
  • The massive Monday rally? It appears the Fed made today's swap decision on Monday in a 9-1 vote with only Richmond Fed chief Lacker dissenting.  [View news story]
    This makes me sick. They might be hippies, but the OWS peeps are doing our work for us.
    Nov 30 11:25 AM | 2 Likes Like |Link to Comment
  • The bank run continues in Greece where the central bank chief says deposit outflows continue in November after totaling €13-€14B during September and October. Excluding government funds, deposits in Greek banks now total just north of €180B, off about 25% from the late 2009 peak.  [View news story]
    only 25% down??? who hasn't moved their money yet?
    Nov 29 10:57 AM | Likes Like |Link to Comment
  • Fitch revises its outlook on the U.S. to Negative while affirming a AAA-rating - citing its "declining confidence" Congress will agree on timely measures to bring about fiscal policies aimed at reducing indebtedness. The change in outlook represents a slightly greater than 50% chance of a downgrade from the ratings agency within a two-year timeframe.  [View news story]
    We haven't balanced a budget in 10 years. Wonder what took them so long.
    Nov 28 04:40 PM | Likes Like |Link to Comment
  • The EU ups the ante in its latest game of chicken with Greece, warning that the country won't get an €8B ($10.79B) loan payment unless its main political leaders sign an austerity pledge by next Tuesday. New Democracy leader Antonis Samaras is holding out; Greece has 20 days until it runs out of cash.  [View news story]
    That cash was from the last bailout round? Can anyone say "black hole".
    Nov 22 09:40 AM | 2 Likes Like |Link to Comment
  • This morning's Greek cabinet meeting has ended. Reuters reports PM Papandreou told his ministers to have their resignations ready.  [View news story]
    If you're too drunk to write your resignation letter you can't resign now can you?
    Nov 8 07:55 AM | Likes Like |Link to Comment
  • The beauty of the European debt crisis is that it's created an enormous amount of volatility, says Royce & Associates PM Frank Gannon. While volatility is frustrating, it also creates tremendous opportunity for longer term investors. So, during these times like these, look to add to those sectors of the market that are getting hit the hardest. That's where you'll find the best valuation opportunities. (video)  [View news story]
    Have you ever considered the correlation between earnings and demand is not linear?
    Nov 4 07:21 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Nabors' CEO parachute more than a years worth of earnings. Board looking out for the board. F*ck the shareholders.
    Oct 31 08:21 AM | 4 Likes Like |Link to Comment
  • Stock index futures are sharply higher in early Sunday trade, perhaps encouraged by chatter about a €TARP and a vast expansion of the EFSF, or maybe just bouncing after last week's bloodletting. S&P 500 +1.2%, German DAX +1.2%. Gold -0.4%, Silver -1.4%, Oil +0.8%.  [View news story]
    Sorry if this is a total newb question, but what's DGP?
    Sep 25 09:02 PM | Likes Like |Link to Comment
  • $10 says GDP is below expectations and we see a 3-4% selloff.
    Aug 26 12:44 AM | Likes Like |Link to Comment
  • President Obama says House Speaker Boehner has decided to walk away from debt limit negotiations. Earlier today, Boehner had suggested talks would continue.  [View news story]
    The captain of a ship can always keel-haul a the crew members who absolutely fail. Unfortunately Obama can't do that.
    Jul 22 07:47 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
62 Comments
63 Likes