coolhand's Account Talk

[coolhand]

Stabilizing U.S. debt is the greater of two G-20 challenges

http://www.washingtonpost.com/wp-dyn/content/article/2010/06/28/AR2010062805101.html

 

[coolhand]

Health of Europe's Banks May Be Shown by ECB 3-Month Loans

http://www.bloomberg.com/news/2010-...be-revealed-as-12-month-ecb-loans-expire.html

 

[coolhand]

Bond Sales Plunge as Cash Hoards Allow Debt to Beat Equity: Credit Markets

http://www.bloomberg.com/news/2010-...allow-debt-to-beat-equity-credit-markets.html

 

[coolhand]

California Schools Facing `Financial Disaster' Rises 38 Percent to Record

http://www.bloomberg.com/news/2010-...r-financial-disaster-increases-to-record.html

 

[coolhand]

The Bailout Tax

http://online.wsj.com/article/SB100...00576460806.html?mod=WSJ_hpp_sections_opinion

 

[coolhand]

Fast Traders Face Off With Big Investors Over 'Gaming'

http://online.wsj.com/article/SB10001424052748703374104575337270344199734.html

 

[coolhand]

Why Obamanomics Has Failed

http://online.wsj.com/article/SB100...33508651458.html?mod=WSJ_hpp_sections_opinion

 

[coolhand]

A Doctor's Take On Health Care

http://www.realclearmarkets.com/articles/2010/06/29/a_doctors_take_on_health_care_98543.html

 

[CountryBoy]

Thanks for the link CH. It sure isn't good news for anyone.

 

[nnuut]

Yes, Hospitals are bound to go broke but that's part of the plan. When they do the Government will jump in and bail them out by takeing control, and one at a time all major medical facilities will become Government owned. FREE MARKET SOCIALISM Hello Hugo!. JMHO!!:nuts:
VOTE!!!!!!!!

 

[coolhand]

Cheer up guys, it ain't all bad news.

New Legislative Effort to get Bankruptcy Exemption….For Guns

http://rortybomb.wordpress.com/2010...-effort-to-get-bankruptcy-exemption-for-guns/

 

[coolhand]

Spain's Aaa Rating on Review for Downgrade at Moody's

http://www.bloomberg.com/news/2010-...at-moody-s-amid-growth-budget-challenges.html

 

[coolhand]

European Banks Not Out of the Woods Yet After ECB Tender, Investors Say

http://www.bloomberg.com/news/2010-...woods-yet-after-ecb-tender-investors-say.html

 

[coolhand]

Fed Officials Avoid Talk of Further Stimulus to Stoke Growth

http://www.bloomberg.com/news/2010-...er-u-s-stimulus-to-stoke-economic-growth.html

 

[coolhand]

Sovereign Default Enters Apparatchik Vocabulary: Mark Gilbert

http://www.bloomberg.com/news/2010-...ters-apparatchik-vocabulary-mark-gilbert.html

 

[coolhand]

Obama and the Fiscal 'Road to Hell'

http://online.wsj.com/article/SB100...832391393128.html?mod=WSJ_hpp_MIDDLTopStories

 

[coolhand]

California Economy Is a Sign of What's Coming: Fiorina

http://www.cnbc.com/id/38024555

 

[coolhand]

CBO chief: Budget outlook 'daunting'

http://money.cnn.com/2010/06/30/news/economy/fiscal_commission_cbo/index.htm

 

[coolhand]

Here's an advertisment for birth control...

Stark: 'Our borders are quite secure'

http://www.politico.com/news/stories/0610/39218.html

 

[crws]

Fed Officials Avoid Talk of Further Stimulus to Stoke Growth
http://www.bloomberg.com/news/2010-...er-u-s-stimulus-to-stoke-economic-growth.html

Thanks, good read.

Welcome to August, from a Greek site, no less. Heard this on the radio the other day.
What a mess over there. More riots 2 days ago.

http://english.capital.gr/News.asp?id=989219
FINANCIAL NEWS
Friday, 11 June 2010 - 13:43

High Frequency Fears Greek Debt Restructuring In August.
Greece will eventually default on its debt while a debt restructuring could happen as soon as August,
Carl Weinberg, chief economist at High Frequency Economics, told CNBC Friday.

He also criticized the EU’s approach towards helping the debt laden country.

"You can΄t take a country that΄s over-borrowed and make it more creditworthy by lending it more money," he said.
"They΄re throwing Greece further and further and further in the hole by not addressing the problem directly and properly."

Asked when a Greek default could happen, Weinberg answered: "at High-Frequency, we are advising people to take their cell phones on their August vacation."
He said a Greek default would be "harsh" for the euro

Greece is to receive the second tranche from an EU/IMF rescue package in August, but Weinberg said the country
will not meet the criteria outlined in the loan agreement.

"Unless (Greeks) meet the quantified adjustment targets that they agreed to in the memorandum of understanding with the IMF,
they won΄t get this money," he said, adding that his bet is that Greece will not meet the criteria.

This is for Boghie :laugh:

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