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Be sure to see the terrific commentary over the past 24 hours in the Think Tank from David Rosenberg, Jack McHugh, and Bill King.
And if you are not reading Peter Boockvar’s MacroNotes, you are missing out on outstanding real time analysis of economic releases . . .
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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July 2nd, 2009 at 10:44 am
So how long before “Caleefornya” threatens to secede? The state’s budget is a disaster and though some blame belongs at the state level, the Feds and their lax control over the mortgage securitization machine Wall St. conjured up seems more culpable. Thereby I would think it logical for CA to expect Washington to plug it’s budget gap. Yet the Fed’s are balking. Maybe the governator needs to hire Hank Paulsen to be his lead lobbyist, given his track record for securing mass amounts of funds no questions asked (well except for that senator Shelby kook in Alabama…)
July 2nd, 2009 at 11:30 am
My green nose is turning brown here. ;-)
Thanks for the all this info Barry. I know the website must be a lot of hard work. I hope you have a good team of interns working on this.
Seriously though love the info and the site and the real info flowing from here. Have a great 4th.