Sell the rally in July 2010? Another example of why you should not let politics/ ideology influence your investing.
Jul 16, 2010
Highlighting a key reason why the Germans have dug in with their position on Greece that they don’t want to continue to bail them out further, they seem comfortable with their own banks exposure to Greece. Credit rating agency Fitch in a note today just published is saying “that it does not currently envisage any rating action on German banks as a direct result of their exposure to Greece…In addition, most German banks have limited exposure to any risk relating to Portugal and Ireland.” They do though have this caveat, “The agency sees high potential contagion risks if there were any restructuring of Greek sovereign debt.” Now granted we have to take commentary from a rating agency with a clear grain of salt but it does recognize that if this debt crisis is ring fenced around Greece, Ireland and Portugal, the region can get by BUT if it spreads to Spain and/or Italy, as has been discussed ad infinitum and is a very distinct possibility, we’ll have a major problem.
CNBC’s Mark Haines debates Martin Feldstein
Aug 19, 2009
Today’s reading list:
• Mark Haines, CNBC Anchor, at 65, died unexpectedly Tuesday evening (CNBC.com)
• Going Defensive Fails as Quick Fix in Stocks: Chart of the Day (Bloomberg)
• Facing Up to End of ‘Easy Oil’ (WSJ)
• Greenwich’s Priciest Homes Languish With Four Years of Supply (Bloomberg)
• Greece: What Would Happen If it Defaulted? (WSJ)
• Why LinkedIn Bears Like Haverty Say Plunge Is Inevitable (Bloomberg)
• Warren and Republicans Spar Over Bureau’s Power (Deal Book)
• Apple’s Retail Lesson (IW)
• Frederick Law Olmsted, father of American landscape architecture: 10 design lessons (37 Signals)
• Prophecy Fail (Slate)
What are you reading?
Faber, Kernen & Haines Memories, CNBC 20th Anniversary
Apr 18, 2009
The fun starts at the 2 minute mark:
This interview aired on CNBC on Nov 3, 2008
Barney Frank tells CNBC’s Mark Haines”This Interview is Over”.
Sep 4, 2008
RIP Mark Haines
"Markets can remain irrational longer than you can remain solvent." —John Maynard Keynes
After 3 quarters in a row that averaged just 1.2%, Q4 GDP grew 2.8%, a touch below expectations of 3.0% BUT Nominal GDP grew well below forecasts. Because the price deflator was up just .4% vs the estimate of 1.9%, Nominal GDP was up 3.2% vs the estimate of 4.9%. Personal Consumption rose 2.0% vs the forecast of 2.4%. Fixed Investment rose 3.3% helped by a 5.2% increase in equipment and software spending and residential construction rose by 10.9%. Trade was a slight drag on GDP growth and government spending was as well led by a 12.5% decline on national...
read more »
Tweet
Facebook
Reddit
Digg this!
