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Well, Lula was elected here on that kind of platform so perhaps the next Parliament there might run saying they should default, specially after the economy tanks huge, this year and next. In any event it doesnt appear that such thing will happen anytime soon

Simon bids $20 a share for GGP, I hope they take this http://www.bloomberg.com/apps/news?pid=20601206&sid=aP4YJQL8OXvA

Seems to me that the crisis there will only be solved when the government solution involves things like 'bank holiday' 'bank recapitalization'. The PIIG debt is already on the banks books, there will be losses, bailouts can only delay that for a while. Greece needs to default, cut down its debt...

The authorities might be able to engineer some kind of relief rally. There is the swap lines, ECB liquidity programs, ECB rate cut pricing in the markets/rumors, delivery of bailout to Greece,etc Its a matter of how long till things turn again

Greek 2y yielding almost 19%, it might be hard to blame this one on a glitch

What if your account got liquidated due one of the busted trades and their auto-liquidation lead to more losses(due illiquidity), how IB will make up for the client?

You are not going to bailout of GE?Libor is blowing up huge, whether the media like it or not, EU is melting down

A fat finger in a single Dow component can wipeout trillions in market cap of global stock averages?This can only happen because people are shit scared about anything, not because a mistake happened and the market is still healthy

Dow Jones reports,'rumor $16B eminis sold instead of $16m' I say its BS

Looks like people will try to blame this semi crash in all kinds of things. Funny, there is always someone to blame, how come they dont blame on the fact that Europe is imploding, just look at libor, eurodollars, etc. Are the HFTs there too? We could be on the verge of a crash that would rival...

Fat finger, sorry guys wont happen again

I have no way to prove this but to me, the reason the market got this bounce was because its only the start to the bear market so people still trust the 'fundamentals' that keep the rally going 'V shaped recovery, 0% rates, strong earnings', the panic set in but all the fools who still think the...

This seems to be a joke, the brazilian central bank is buying dollars at auction, with the real down 4% on the day. They are going against their tendency of 'always do the opposite of what the market is doing', I guess they are trying to reinforce the trend towards a weak real to boost the...

I have a theory that a ton of the hawkishness from FOMC members was derived from the fact that the stock market was steadily going up for so long, it just kinda infected them. Now with this LEH meltdown 2.0 I believe it pretty much seals that deal there will be no rate hikes this year. A 4%...

The FINRA/Bloomberg High Yield U.S. Corporate Bond Index is down 1.6%, this ETF is down 7.66%. Is the retail crowd capitulating?

El-Erian on Greece http://www.cnbc.com/id/36992469 Expects few members to be out 1y from now. EUR to survive

Scary thing is, the crisis might be just beginning

Libor fixing, current and previous 3MO 0.37359 0.36016 quite a jump

Trichet answer to the 'nuclear option' demands :p

If you like the dude, you will like Invisible Hands by Drobny. Hendry is the 'Plasticine Macro Trader', even though the book does not reveal the identity of most traders, I'm 98% sure its him given the facts he outline in the interview