The Credit Crisis Financial Stocks Short Journal

This is concerning because with QE2 the monthly purchases number will go up, some of that will find its way outside the Fed deposit system and the growth should pick up more. If that happens M2 growth could become uncomfortably high, but it would be a bit illusory because there is the future decline that is set to happen as homes get foreclosed
 
Front end took off here, I didnt had 100% of the position in(due some concerns) but had 75%, decent enough. I might take a profit if it goes crazy again
 
Quote from Debaser82:

Daal, where you trading during the tech boom and bust?

If so did you play it? Thanks.
More...

Debaser,
I wasn't trading at that time yet
 
"EU president Herman Van Rompuy denied that Lisbon needs a lifeline, insisting that Portugal's banks are well capitalised and do not face property losses. "Portugal does not need any help – it is in a very different situation to Ireland," he said."

Bottom line is that Portugal and Spain are not Ireland who was not Greece who was not going to need any bailout money. You can't make this stuff up
 
I thought this was very funny (from Naked Capitalism)

1. Spain is not Greece – Elena Salgado, Spanish Finance Minister, ~February, 2010.
2. Portugal is not Greece – The Economist, 22nd April, 2010.
3. Greece is not Ireland – George Papaconstantinou, Greek Finance Minister, 8th November 2010.
4. Spain is neither Ireland nor Portugal – Elena Salgado, Spanish Finance Minister, 16th November, 2010.
5. Neither Spain nor Portugal is Ireland – Angel Gurria, secretary-general of the Organization for Economic Cooperation and Development (OECD), 18th November, 2010.
6. Ireland is not Greece - Vanessa Rossi, senior research fellow in international economics at Chatham House in London, 18th November, 2010.

And just today:
Spain is not Greece or Ireland - Elena Salgado, Spanish Finance Minister, 23 November, 2010.
 
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