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Nov. 18 (Bloomberg) -- U.S. homeowners are dropping out of the Obama administration’s foreclosure prevention program at a faster rate than they are joining it, according to figures released today by the U.S. Treasury Department. Borrowers aided by the Home Affordable Modification Program...

It´s all about risk / return. Hedgies had easy game with Greece and Ireland. Spain is a heavy puncher. You want to attack Santander and BBVA ? Good luck ! Who cares about cajas anyway ? It´s a regional Spanish play.

That´s the usual "muscle showing" show in order to impress competition. Everybody who is half informed in the auto industry knows that the car makers are working with over-capacities in China big time and that further expansion plans are unsustainable. By the way : I wouldn´t be surprised...

Just yesterday I watched some TV ( happens very seldom ) about some Australian blue collar workers earning more money "in house" than their engineer colleagues "in the field". Should be a model for banksters, too. :cool:

17 % less in Allied Irish Bank deposits since the beginning of the year tells you all about the "grieving process" of the Irish man ! :p

The Cabinet also ratified the four-year plan which Mr Cowen said would involve €10 billion of cuts and €5 billion of new taxes between now and 2014. Among the key elements of the plan will be a €1 cut in the minimum wage, a 10 per cent cut in social welfare over four years, as well as an...

Getting rid of of a part of 6800 calls, buying 6900 ATM puts.

Greece EUR 110 bllion + Ireland EUR 90 billion = EUR 200 billion. FDAX 6900.00. That makes a lot of sense, isn´t it ? :D We´re counting 147.000 longs / 47.000 shorts. Good luck bulls.

Selling MOC.

That´s one of the most ridiculous days in the last 9 months. SPY volume at the lowest level for weeks. Apple and Google aggregate volume is laughable.

Question : was this all spent on IPhones made in China ? :confused:

7130, 8440 shares in 5 minutes. What a farce...

Cayman Islands Monetary Authority. :cool:

I hear from some London desks that some Chinese addresses are dumping 10yr / 30yr for the last 10 days...

One European official involved in the talks said that the corporate tax increase would be a casus belli with the Irish, and that Dublin’s strident objections could well keep it out of any final package. Source ...

The People’s Bank of China sure knows how to gatecrash a party. In an uncanny coincidence, the PBOC lifted bank reserve requirements 50bps – widely seen as a step against QE-inspired capital flows – just as Fed chairman Ben Bernanke rose to speak at the European Central Bank on, erm...

The results of Anglo Irish Bank’s first sub-debt exchange offer — the one aimed at inflicting ‘burden-sharing’ on bondholders — are out. And holders of the 2016 notes involved have agreed to swallow Anglo’s discounted offer — despite all that talk of a bondholders’ revolt...

This would be a new experience for every serious economist : creating jobs through the creation of an inflationary environment. What would Mr. Spock comment ? => <object width="480" height="385"><param name="movie"...

Nov. 19 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke took his defense of the U.S. central bank’s monetary stimulus abroad, saying it will aid the world economy, and implicitly criticized China for keeping its currency weak. The best way to underpin the dollar and support the...

Real estate prices in London are still indicating that foreign investors are more than ready to pay tremendous amounts for Hyde Park locations. So, basically Britain´s "wealth" is imported. You get rid of foreign students - you get rid of their parents supporting London´s real estate market...