coolhand's Account Talk

[coolhand]

EU Bank Risks ‘Rapidly’ Growing, Andersson Says

http://www.bloomberg.com/news/2011-...-rapidly-growing-sweden-s-andersson-says.html

Fisher Says Fed Has ‘Done Everything It Can’ to Boost Jobs

http://www.businessweek.com/news/20...has-done-everything-it-can-to-boost-jobs.html

Some People In China Are Absolutely LOVING Occupy Wall Street

http://www.businessinsider.com/chinese-opposition-groups-supports-occupy-wall-street-2011-10

Market Slumps After European Banks Admit They Can't/Won't Raise Capital; Will Proceed With Asset Liquidations Instead

http://www.zerohedge.com/news/marke...wont-raise-capital-will-proceed-asset-liquida

Mario Draghi fears Italian debt spiral

http://www.telegraph.co.uk/finance/...2/Mario-Draghi-fears-Italian-debt-spiral.html

Even a Slovak 'Yes' will make no difference

http://blogs.telegraph.co.uk/financ...71/even-a-slovak-yes-will-make-no-difference/

Top shippers poised to see US$600m loss

http://www.scmp.com/portal/site/SCM...tfmt=teaser&ss=Companies+&+Finance&s=Business

 

[markmars]

Oh I bet they do. What was it that Stalin call them?

Some People In China Are Absolutely LOVING Occupy Wall Street

http://www.businessinsider.com/chinese-opposition-groups-supports-occupy-wall-street-2011-10

 

[coolhand]

You mean "useful idiots"?

Oh I bet they do. What was it that Stalin call them?

 

[coolhand]

Spain Credit Rating Cut by S&P on Weak Outlook

http://www.bloomberg.com/news/2011-10-13/spain-cut-to-aa-from-aa-by-s-p-outlook-negative.html

Greek Investors Brace for Bigger Loss to Stop Rot

http://www.bloomberg.com/news/2011-...igger-losses-to-solve-crisis-euro-credit.html

Portugal Plans Deeper Cuts in Moment of ‘National Emergency,’ Coelho Says

http://www.bloomberg.com/news/2011-...moment-of-national-emergency-coelho-says.html

What's Occupying Wall Street?

http://online.wsj.com/article/SB100....html?grcc=88888&mod=WSJ_hpp_sections_opinion

Fitch Downgrades UBS, Many Others, Puts Morgan Stanley, Bank of America, Goldman, BNP, Deutsche Bank, SocGen And Others On Watch Negative

http://www.zerohedge.com/news/fitch...-puts-morgan-stanley-goldman-downgrade-review

Google Earnings Blow Past Expectations; Shares Surge

http://www.cnbc.com/id/44876905

 

[coolhand]

France Risks AAA on Bulked Up EFSF Bailout Fund: Euro Credit

http://www.businessweek.com/news/20...-bulked-up-efsf-bailout-fund-euro-credit.html

Euro Leaders’ Crisis Campaign Bogs Down as Divisions Flare

http://www.businessweek.com/news/20...is-campaign-bogs-down-as-divisions-flare.html

China Will Write Off $3 Trillion, Says Das of ‘Extreme Money’

http://www.businessweek.com/news/20...ff-3-trillion-says-das-of-extreme-money-.html

IBM Third-Quarter Revenue Misses Estimates on Slowing Demand

http://www.bloomberg.com/news/2011-...-estimates-on-slowing-demand-shares-drop.html

Vexed by Weak Sales

http://online.wsj.com/article/SB10001424052970204346104576637191238440646.html#ixzz1b7uiOv9S

Polling the Occupy Wall Street Crowd

http://online.wsj.com/article/SB100...1682410221942191&mod=WSJ_hpp_sections_opinion

Fed's Lacker: Twist will boost prices not growth

http://www.marketwatch.com/story/feds-lacker-twist-will-boost-prices-not-growth-2011-10-17

Credit Card Delinquencies Rise As Issuers Offer More Cards To Subprime Borrowers

http://www.businessinsider.com/cred...aign=Feed:+businessinsider+(Business+Insider)

Moody's Announces That France's Debt Metrics Have Deteriorated And Are Now The Weakest Of All Aaa-Rated Peers

http://www.zerohedge.com/news/moody...rated-and-are-now-weakest-all-aaa-rated-peers

A leveraged EFSF is pure poison

http://blogs.telegraph.co.uk/financ...rd/100012681/a-leveraged-efsf-is-pure-poison/

Improvement in US mortgage delinquencies ends

http://www.ft.com/intl/cms/s/0/c1865438-f8d2-11e0-a5f7-00144feab49a.html#axzz1b2aMZutx

Budget cuts claim hundreds of thousands of county, city jobs

http://www.usatoday.com/money/economy/story/2011-10-17/local-government-job-losses/50807360/1

 

[coolhand]

Spain Rating Cut for Third Time Since 2010

http://www.bloomberg.com/news/2011-...y-moody-s-for-third-time-since-june-2010.html

EU Gets Deal on Naked Sovereign CDS Curbs, Short-Selling Rules

http://www.businessweek.com/news/20...-sovereign-cds-curbs-short-selling-rules.html

Intel Outlook Beats Expectations; Shares Jump

http://www.cnbc.com/id/44946032

Postage prices go up ... again

http://money.cnn.com/2011/10/18/news/economy/postage_prices/index.htm?iid=HP_LN

EU Trade chief-Crisis response "too little, too late"

http://www.reuters.com/article/2011/10/18/eurozone-eu-trade-idUSL5E7LI4G120111018

Mervyn King: time 'running out' to solve world economy crisis

http://www.telegraph.co.uk/finance/...unning-out-to-solve-world-economy-crisis.html

 

[coolhand]

France and Germany Split on Crisis Solution

http://www.bloomberg.com/news/2011-10-19/sarkozy-to-see-trichet-merkel-draghi-lagarde-tonight.html

Greece’s Papandreou Faces Final Austerity Vote

http://www.bloomberg.com/news/2011-...to-win-parliament-test-of-austerity-bill.html

European Bank Loans in Spain, France Rose in Second Quarter

http://www.bloomberg.com/news/2011-...g-in-spain-france-rose-in-second-quarter.html

Bank of America Bosses Find Friend in the Fed: Jonathan Weil

http://www.businessweek.com/news/20...ses-find-friend-in-the-fed-jonathan-weil.html

Sorry, But Here's How The Market Would Price EFSF-Backed Bonds

http://www.businessinsider.com/sorry-but-heres-how-the-market-would-price-efsf-backed-bonds-2011-10

Steve Wynn Epic Anti-Obama Rant Part II - Full Audio And Transcript With Complete #OccupyWallStreet Thoughts

http://www.zerohedge.com/news/steve-wynn-epic-anti-obama-rant-part-ii-full-audio-and-transcript

California reportedly subpoenas BofA over toxic securities

http://www.latimes.com/business/la-fi-bank-america-harris-20111020,0,7184883.story

 

[coolhand]

Great 5-minute video to put the markets and EU crises in context.

http://www.weissmoneynetwork.com/separating-fact-from-fiction-has-become-harder-than-ever-45724?mam

 

[coolhand]

Italy, Spain May Be Biggest Losers in European Bank Capital Plan

http://news.businessweek.com/article.asp?documentKey=1377-aVvVMkqtPWNY-45PJ45FMA8MFBSVVJSJ7V32A1U

Spain Slipping on Deficit Means Possible Contagion: Euro Credit

http://www.businessweek.com/news/20...cit-means-possible-contagion-euro-credit.html

Euro Region’s Debt Quality Is Worsening at Record Pace: Chart of the Day

http://www.bloomberg.com/news/2011-...clines-at-a-record-pace-chart-of-the-day.html

Europe Banks Clash With Policy Makers on Greek Rescue as Bond Losses Loom

http://www.bloomberg.com/news/2011-...kers-on-greek-rescue-as-bond-losses-loom.html

As Hope For EFSF Solution Vanishes, Europe Comes Crawling To Uncle Sam

http://www.zerohedge.com/news/hope-efsf-solution-vanishes-europe-comes-crawling-uncle-sam

US States Are Facing Total Debt of Over $4 Trillion

http://www.cnbc.com/id/45019599

New Unease for Europe’s Rescue Plan

http://www.nytimes.com/2011/10/25/b...ut-euro-rescue-details.html?_r=2&ref=business

Angela Merkel pleads for Germany to approve plans to increase European bail-out fund

http://www.telegraph.co.uk/finance/...plans-to-increase-European-bail-out-fund.html

Mobius takes a swipe at derivatives

http://www.theglobeandmail.com/glob...-heightened-market-volatility/article2212091/

 

[Warrenlm]

It continues to amaze me how easily talking heads use the term "hair cuts" to describe losses that bondholders will have to accept in Europe. And how easily the US electorate has forgotten the "hair cuts" forced by their own government on GM secured bondholders. I guess if the European governments force the "hair cuts" gradually iinstead of suddenly, it's presumed that trading the instruments gradually spreads the losses. But somewhere, someone is making out like a bandit.

 

[coolhand]

Europe Struggles for Crisis Cure Ahead of Summit

http://www.bloomberg.com/news/2011-...uro-zone-crisis-as-final-package-fizzles.html

Joke Is on Europe as Sarkozy Laughs at Berlusconi

http://www.smh.com.au/business/joke...-berlusconi-20111026-1mivd.html#ixzz1btQPWpou

Crisis of 2012 May Be Harder on China Than U.S.: William Pesek

http://www.bloomberg.com/news/2011-...ore-than-u-s-commentary-by-william-pesek.html

Amazon Profit Plunges After New Products Increase Expenses; Shares Tumble

http://www.bloomberg.com/news/2011-...products-increase-expenses-shares-tumble.html

The 16 Stocks That Investors Are Shorting Like Crazy

http://www.businessinsider.com/the-16-stocks-that-investors-are-shorting-like-crazy-2011-10

Ex-Goldman Director Will Turn Himself In To FBI, To Face Criminal Charges

http://www.zerohedge.com/news/ex-goldman-director-will-turn-himself-fbi-face-criminal-charges

The Beginning Of The European Endgame

http://www.zerohedge.com/news/beginning-european-endgame

Bankers fear political moves will kill off CDS

http://www.ft.com/intl/cms/s/0/dccc8d98-ff03-11e0-9b2f-00144feabdc0.html#axzz1btRlfLf0

EU rescue plans hostage to raw politics

http://www.telegraph.co.uk/finance/.../EU-rescue-plans-hostage-to-raw-politics.html

 

[coolhand]

EU Sets 50% Greek Writedown, $1.4T in Rescue Fund

http://www.bloomberg.com/news/2011-...tedown-1-4-trillion-in-debt-crisis-fight.html

Commodities Tumble Most in a Week, Led by Oil, Nickel on Economic Concerns

http://www.bloomberg.com/news/2011-...e-most-in-a-week-led-by-oil-nickel-wheat.html

Want to Create Jobs? First Cut Capital-Gains Taxes: Amity Shlaes

http://www.businessweek.com/news/20...rst-cut-capital-gains-taxes-amity-shlaes.html

Investors (and the Fed) are addicted to liquidity

http://money.cnn.com/2011/10/26/news/economy/thebuzz/index.htm?iid=HP_LN

Banks to define Greek bond ‘default’

http://www.washingtonpost.com/busin...bond-default/2011/10/26/gIQA12wEKM_story.html

European banks given just eight months to raise €106bn

http://www.telegraph.co.uk/finance/...s-given-just-eight-months-to-raise-106bn.html

Europe's grand gamble risks failure without ECB

http://www.telegraph.co.uk/finance/...s-grand-gamble-risks-failure-without-ECB.html

 

[coolhand]

Sarkozy Sees More Budget Cuts to Save France’s AAA Rating as Growth Slows

http://www.bloomberg.com/news/2011-...save-france-s-aaa-rating-as-growth-slows.html

Greece Will Eventually Leave Euro Even With Bailout Agreement, Rogoff Says

http://www.bloomberg.com/news/2011-10-27/rogoff-europe-pact-only-buys-time.html

Copper Traders See Rally Ending as China Use Slows: Commodities

http://www.businessweek.com/news/20...ly-ending-as-china-use-slows-commodities.html

Regulators Must Rein In Banks Gaming Capital Rules, FSB Says

http://www.bloomberg.com/news/2011-...n-in-banks-gaming-capital-rules-fsb-says.html

Cheers and Skepticism Greet European Deal

http://online.wsj.com/article/SB100...01333813709446.html?mod=WSJ_hp_LEFTTopStories

Euro Bailout Cracks Emerge; Greece "Just Says No"

http://www.zerohedge.com/news/euro-bailout-cracks-emerge-greece-just-says-no

 

[coolhand]

EU May Struggle to Keep Euphoria as Scrutiny Deepens Following Debt Summit

http://www.bloomberg.com/news/2011-10-28/eu-euphoria-may-fade-under-post-summit-scrutiny.html

EU Seeking Cash Faces Resistance Before G-20

http://www.bloomberg.com/news/2011-...unds-faces-resistance-before-cannes-g-20.html

Europe Might Have Blown Last Chance to End Its Crisis: View

http://www.bloomberg.com/news/2011-...blown-last-chance-to-end-its-crisis-view.html

EU Pact Changes Possible Within a Year, German Minister Says

http://www.bloomberg.com/news/2011-...sible-within-a-year-german-minister-says.html

Profits Top Estimates for 11th Quarter as Analysts See Rally

http://www.businessweek.com/news/20...s-for-11th-quarter-as-analysts-see-rally.html

Presenting The Capeless Crusader: The Deficit (Non) Super Committee

http://www.zerohedge.com/news/presenting-capeless-crusader-deficit-non-super-committee

Why the latest eurozone bail-out is destined to fail within weeks

http://www.telegraph.co.uk/finance/...ail-out-is-destined-to-fail-within-weeks.html

 

[FishSqueezer]

Don't forget this one:

[h=1]Greece debt crisis: Referendum promised on EU deal[/h]Maybe this will be the start of the "dip" I've been looking for??

 

[coolhand]

Things are really heating up over there. The headline risk just won't go away.

Don't forget this one:

[h=1]Greece debt crisis: Referendum promised on EU deal[/h]Maybe this will be the start of the "dip" I've been looking for??

 

[coolhand]

MF Global Told SEC, CFTC of Potential ‘Deficiencies’ in Customer Accounts

http://www.bloomberg.com/news/2011-...ftc-of-potential-customer-account-lapses.html

U.K. Economy May Struggle to Grow

http://www.bloomberg.com/news/2011-...le-to-grow-as-boe-battles-recession-risk.html

U.S. Raises Borrowing Estimates on Spending, Lower Revenue

http://www.businessweek.com/news/20...wing-estimates-on-spending-lower-revenue.html

Selling More Insurance on Europe Debt Raises Risk for U.S. Banks

http://news.businessweek.com/article.asp?documentKey=1376-LTSEDC07SXKX01-01811IIL7DSD80EK5HUEO69GGF

No Inflation? Fed Calls Food, Energy Gains ‘Temporary’ Despite 24-Year Rise

http://www.cnbc.com/id/45107159

Deficit Super Committee a 'Charade': Ken Langone

http://www.cnbc.com/id/45109058

Italy, Europe, and Red Brigade terror

http://blogs.telegraph.co.uk/financ...00012903/italy-europe-and-red-brigade-terror/

Italy's crisis deepens on eurozone slump, bail-out doubts

http://www.telegraph.co.uk/finance/...eepens-on-eurozone-slump-bail-out-doubts.html

 

[nasa1974]

Italy, Europe, and Red Brigade terror

http://blogs.telegraph.co.uk/financ...00012903/italy-europe-and-red-brigade-terror/

Italy's crisis deepens on eurozone slump, bail-out doubts

http://www.telegraph.co.uk/finance/...eepens-on-eurozone-slump-bail-out-doubts.html

I guess the wife and I will have to rethink that Italy trip we were looking at.

 

[coolhand]

My mother just returned from the Tuscany area about a month ago. She flew over for some kind of cooking school tour where she learned how to make various Italian dishes from different chefs at several towns.

Looks like she had good timing.

I guess the wife and I will have to rethink that Italy trip we were looking at.

 

[nasa1974]

My mother just returned from the Tuscany area about a month ago. She flew over for some kind of cooking school tour where she learned how to make various Italian dishes from different chefs at several towns.

Looks like she had good timing.

About 3 years ago we saw a tour through Traflagar Tours that took you all around Italy. So we have been setting aside a little here and there. Not that we think it wouldn't be safe but with all the other stuff going on right now another year or two won't make that much of a difference and it will allow us to put some more money away.