>
I am off to go chat with Bloomberg’s Tom Keene at 12:30pm — watch it live on BBTV or stream it on the web.
We will discuss this rally, housing data, andperhaps MFG.
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.
"Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries." -Bill Gross
Signs continue that European markets are getting tired. The Spanish and Italian stock markets, big beneficiaries of the sharp decline in their bond yields over the past few months are falling to the lowest since Feb 1. The European bank index is at a 1 1/2 week low after earnings reports from Commerzbank and Credit Ag (RBS bouncing although reporting weaker than expected earnings) were disappointing. This market action is in spite of the German IFO business confidence figure which rose to a 7 month high coming in a touch above expectations and Italian consumer confidence which bounced more than...
read more »
Tweet
Facebook
Reddit
Digg this!
December 20th, 2011 at 3:14 pm
saw you beat up on BAC again.
buy the stock at 5.12, not the bank.
~~~
BR: Sold to you
Where else are you long it — at what price(s) ?
December 20th, 2011 at 8:54 pm
video at http://www.bloomberg.com/video/83123406/
December 20th, 2011 at 9:25 pm
“All that backs the USD is good faith and credit, not hard assets” .. a cross post from gold thread … if the paperwork can be ordered – make that a big IF .. banks have some legal mortgages .. deeds to land .. that will have value … another “but” IF the minds of the populace honor “good faith” .. hense these banks buying themselves private with taxpayer carry over credit is what has me UPSET .. this episode in the ’10s is ALL about repossession to resell into the future … the situation as seen – call me bent over – but I don’t see the banks ending up poorly at any stock price .. this is some game system running currently