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USA As Seen By Europe: The Next Greece?
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56. No One Is Coming To Save You...
from crabbydogtrix:
Chart Of The Day: One Quadrillion Or Bust
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Last night, Japan issued an update of its total public debt. The number was ¥983 as of September 30. Trillion. The bad news is that the long anticipated currency legend which will finally say "¥ in Quadrillions" is once more delayed. The good news, is that with the recently expanded BOJ QE8 and QE9, the excess monetization debt capacity, a lot of its going to sweep the aftermath of Fukushima under the rug, will promptly be filled, and we fully expect the December 31, 2012 debt update to finally bring us to the first instance of the word "quadrillion" used in the context of a modern, developed nation.
Consumer Confidence Rises To Highest In Over 5 Years Just As Market Tumbles
Earlier we asked a simple question:What time is the all time highest UMich Consumer Sentiment out?
— zerohedge (@zerohedge) November 9, 2012
the answer is 9:55... and while not an all time high, LOLfidence, pardon, CONfidence just printed the highest number since July 2007!
On The Idiocy Of Sell Side 'Research' Lemmings
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The Market Tends To Rally Towards Year-End
Admin at Marc Faber Blog - 14 seconds ago
"But the market tends to rally towards year-end, and i think from a low of
around 1360, we could have a rally to January, but I think sometime next
year will be again lower." - *in Bloomberg TV*
*
*Related: SPDR SP 500 ETF (NYSE:SPY)
*Marc Faber is an international investor known for his uncanny predictions
of the stock market and futures markets around the world.*
Your support is needed...
Thank You
I'm PayPal Verified Turmoil In The Next Couple Of Years
Admin at Jim Rogers Blog - 17 minutes ago
I would be very careful. The next couple years we're going to have turmoil
and problems in most financial markets. - *in CNN *
*
*Related: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 ETF
(SPY), United States Oil Fund LP (ETF) (USO)
*Jim Rogers is an author, financial commentator and successful
international investor. He has been frequently featured in Time, The New
York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The
Financial Times and is a regular guest on Bloomberg and CNBC.*
U.S. businesses seek a more competitive economy
Eric De Groot at Eric De Groot - 47 minutes ago
International competitiveness of a country or region is a function of labor
force skill, natural competitive advantages, relative tax rates, political
stability, rule of law, sound leadership, etc. America's position as a
dominant economic power will continue to erode as long as capital finds
advantages of doing business elsewhere. Uncompetitive taxes rates and an
increasing number of...
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content, and more! ]]
US Stock Market and Gold Headed in 2013 Despite Fiscal Cliff
Eric De Groot at Eric De Groot - 2 hours ago
Politicians guided by their crisis playbooks should produce yet another
(half-ass) solution that kicks the can only as far as the next election.
This leaves central banks (including the Fed) as the main economic problem
solvers until 2016. This means liquidity, liquidity, and more liquidity.
Jim is correct to suggest that The end result of this on other central
banks...
[[ This is a content summary only. Visit my website for full links, other
content, and more! ]]Libor Arrests (Finally) Coming
Just out from Bloomberg:- RBS, UBS TRADERS SAID TO FACE ARREST WITHIN MONTH IN LIBOR CASE
Precious Metals Set For Higher Weekly Close And Seasonal Year End Rally
Gold is 3.35% higher and silver 4.53% higher this week in US dollars in the aftermath of Obama's re-election. Gold in euros looks set to break out above €1,400/oz and is 4.1% higher and in sterling gold has risen 3.7% so far this week. Silver is 5.25% higher in euros and 4.8% higher in pounds. Gold and silver are set for higher weekly closes in all fiat currencies which may negate the recent bearish short term technical picture and set the precious metals up for the traditional yearend rally. The data clearly shows that November is gold's strongest month and one of silver's strongest months. December, January and February are also strong months - prior to a period of weakness is often seen in March.Daily US Opening News And Market Re-Cap: November 9
Another day another sell-off…with equity markets in Europe trending steadily lower after it was reported that the decision on Greek aid will not be taken during the Eurogroup meeting scheduled for November 12. Still, EU official said that there will be no Greek default on November 16th (EUR 4.1bln redemptions) and that this redemption is to be "factored in" decision on disbursement. Separately, analysts at Fitch rating agency noted that while current Spain’s rating is appropriate, further action would more likely than not be to sub-investment grade. Moody’s also commented on the never-ending sovereign debt crisis today, stating that actions taken by the ECB only buying time for Euro region and that a decision on France will be communicated within a few weeks. As a result, bond and credit spreads widen further today, with SP/GE 10s spread at 450 level, which is of particular importance given that this is the level at which the LCH begins to review bonds for margin requirements. Deterioration in Italian paper was linked to next week’s supply. In turn, EUR/USD and GBP/USD trended lower, with the USD index up 0.12% at last check. Going forward, market participants will get to digest the release of the latest U. Michigan Survey (Nov P), as well as macro forecasts from Philadelphia Fed.Frontrunning: November 9
- Greek Aid Payment Call Won’t Be Made Next Week, EU Official (Bloomberg)
- Eurozone faces brinkmanship on Greece (FT)
- Pressure Rises on Fiscal Crisis (WSJ)
- The JC Penney massacre continues (BBG) - In other news, any minute now Bill Ackman will get that 15x return...
- SEC left computers vulnerable to cyber attacks (Reuters) cue "back door Trojan" jokes
- Former Goldman trader accused of fraud (FT)
- Elizabeth Warren's Inadvertent Best Friends: Wall Street and Republicans (BusinessWeek)
- Zurbruegg Says Managing SNB Currency Reserves Is Major Challenge (BBG)
- Obama ally leads push on fiscal cliff (FT)
- Britain threatens to block banking union (FT)
- PBOC’s Zhou Says China’s Economy Improving as Data Due (Bloomberg)
- China slaps duties on steel tube imports (FT)
- Obama to Make Statement on Economic Growth, Cutting Deficit (Bloomberg)
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