Short covering on anticpation of more printing of money announced by Bernanke tomorrow…as the hedgies have been short. Short covering of the euro as the euro has had its largest short position ever. Sell the bonds to move into equities. The ECB dude says they will act…combined owth oversold conditions and wham. I expected a…
[email_link] A new chart produced by the Republican staff of the Senate Budget Committee shows that, according to Congressional Budget Office data released yesterday, debt per American is “on track to triple in a generation: Continued SOURCE: http://www.weeklystandard.com
[email_link] As European leaders grapple with how to preserve their monetary union, Greece is rapidly running out of money. Nikos Lekkas, a government official, said banks had hindered his efforts to collect back taxes. Government coffers could be empty as soon as July, shortly after this month’s pivotal elections. In the worst case, Athens might…
[email_link] Workers who entered employment aged 18 will be able to retire at 60 rather than 62, under the decree agreed at a cabinet meeting on Wednesday. The decision follows pre-election promises from the new president Francois Hollande to reverse the rise in the retirement age introduced by his predecessor Nicolas Sarkozy in 2010. Continued SOURCE: http://www.telegraph.co.uk
[email_link] The jobless rate is falling however, thanks in part to a thriving tech sector. Post-independence governments invested heavily in scientific education and information technologies, successfully attracting investment with the e-stonia label. Estonia has also paid close attention to the fundamentals of establishing a favorable business environment: reducing and simplifying taxes, and making it easy…
[email_link] Living to very old age may be “in the genes” as the saying goes, and a recent study published in the journal Aging suggests that certain personality traits make up a major part of the mix of longevity genes. Researchers found that having a positive attitude and a sense of humor could play a role in…
Futures up up strong but off their highs…but still strong. Let’s see why… Eurozone GDP a big fat (as John Vernon said in Animal House) ZERO-POINT-ZERO. Moodys downgrades German and Austrian banks. Europe said this, that and the other thing. Of course, two fedheads are out saying we need more aggressive easing. Yes…more aggrssive easing….
Not a lot to add tonight…some of the deepest oversold areas like semis and finacials bounced. Market moved up on lighter volume. But I am in the camp for a little more upside here as most everything is stretched down. Futures up 50 as I write this as Republicans win big in Wisconsin. Relief rallies…
[email_link] These are the people who caused the problem of debt…just wanting more debt. They cant get it through their thick head that the opposite needs to be done. Read this: With the past week’s dismal jobs data in the United States, signs of increasing financial strain in Europe and discouraging news from China, the proposition that the global…
I am amazed CNBC brings on a vc who bought Facebook early but at $31 and is now losing money. What did he say? Facebook is going much higher. Really? Had no idea he would say that. He tried to compare amazon to facebook when they went public. The idiot interviewing him doesnt mention valuation…as…
