Yes, I know... It's that whole genetic pre-disposition to be a finance/economics guru that's coming through, loud and clear. Only thing that's even more apparent is your modesty.
The weekly: Greece to default/restructure THIS weekend? thread
- Thread starter TGregg
- Start date
M
morganist
I still stand by my argument. The reason behind this is a fundamental flaw in the banking system that created a situation where insufficient funds cannot pay insurance payments. Regardless of my lack of modesty it is a good point.
M
morganist
The title of that article is like something Bearice would write.
What amazes me is the lack of real news on what the FEDs said today.
Greece is finished....it's old news and all the EMU is doing is playing musical Chairs. Yet, our financial world in the US is focused on GREECE.
The little bit of integrity that was left in the WALLSTREET world just went out the window with MF GLOBAL. The system is beyond saving and it's about to crumble like a house of Cards. Yes, Greece will add to the pressure...but the FED to say what they did today...amazing.
Their coming to Jesus and being forced to tell the truth...has not shocked the system because 90% of the country have their heads barried deep in the sand.
The machine, propaganda machine is going to down play all that was said. So, lets not focus on the Lowering of GDP, nor the fact that the FED just showed it's FEAR index.
Not to mention ....>They called for More Unemployment but yet I'm sure the GOV numbers will stay at 9.1% ...lol.
The majority of this country and its citizens are fucked. From the East Coast to the West Coast and the Midwest to some of the South.
It now comes down to the State you live in and the local Economy.
Greece is finished....it's old news and all the EMU is doing is playing musical Chairs. Yet, our financial world in the US is focused on GREECE.
The little bit of integrity that was left in the WALLSTREET world just went out the window with MF GLOBAL. The system is beyond saving and it's about to crumble like a house of Cards. Yes, Greece will add to the pressure...but the FED to say what they did today...amazing.
Their coming to Jesus and being forced to tell the truth...has not shocked the system because 90% of the country have their heads barried deep in the sand.
The machine, propaganda machine is going to down play all that was said. So, lets not focus on the Lowering of GDP, nor the fact that the FED just showed it's FEAR index.
Not to mention ....>They called for More Unemployment but yet I'm sure the GOV numbers will stay at 9.1% ...lol.
The majority of this country and its citizens are fucked. From the East Coast to the West Coast and the Midwest to some of the South.
It now comes down to the State you live in and the local Economy.
When the puppet masters say dance, you WILL dance.
http://www.bloomberg.com/news/2011-...ro-membership-can-t-depend-on-referendum.html
http://www.bloomberg.com/news/2011-...ro-membership-can-t-depend-on-referendum.html
Can some1 point me to a chart of the 10 yr. vs. 3 mth. on the Italy's yield curve?
As from the white paper at Federal reserve, they said the yield curve inversion is the no. 1 leading indicator on recession, the accuracy is virtually 100%
and for those who don't remember, on Dec. 27, 2005, USA have the inversion of yield curve, and it says 2 to 6 QTR from the day it inverted, recession begin. So realistically, recession begin in June 2007, which is what ECRI stated, although NBER said Dec. 2007
Also,
http://www.bloomberg.com/quote/CGGB1U5:IND
bloomberg link is still unavailable, any1 else has another link?
As from the white paper at Federal reserve, they said the yield curve inversion is the no. 1 leading indicator on recession, the accuracy is virtually 100%
and for those who don't remember, on Dec. 27, 2005, USA have the inversion of yield curve, and it says 2 to 6 QTR from the day it inverted, recession begin. So realistically, recession begin in June 2007, which is what ECRI stated, although NBER said Dec. 2007
Also,
http://www.bloomberg.com/quote/CGGB1U5:IND
bloomberg link is still unavailable, any1 else has another link?
An indicator of recession? That's proper funny...
Here's the link for the GGB that should work:
http://www.bloomberg.com/quote/GGGB5YR:IND
This is the 10y Italy:
http://www.bloomberg.com/quote/GBTPGR10:IND
This is the 2y, which is the shortest I can find:
http://www.bloomberg.com/quote/GBTPGR2:IND
Here's the link for the GGB that should work:
http://www.bloomberg.com/quote/GGGB5YR:IND
This is the 10y Italy:
http://www.bloomberg.com/quote/GBTPGR10:IND
This is the 2y, which is the shortest I can find:
http://www.bloomberg.com/quote/GBTPGR2:IND
thanks for helping out, I really appreciate the links. Here's a italy 3 mth., now at 3.719% as of Tues.
http://www.bloomberg.com/quote/GBOTG3M:IND
http://www.bloomberg.com/quote/GBOTG3M:IND
New 1y BOT (Italian t-bill) traded in the grey mkt at 7% this morning, after the LCH shenanigans.