Posts Tagged ‘European debt’
July 31, 2011
DON’T SPEAK TOO SOON
FOR THE WHEEL’S STILL IN SPIN
AND THERE’S NO TELLIN’ WHO
THAT ITS NAMIN’
FOR THE LOSER NOW
WILL BE LATER TO WIN
FOR THE TIMES THEY,
THEY ARE A-CHANGIN’
The markets have greeted Sunday’s purported U.S. budget deal with a great sigh of relief as the S&P futures have opened 1.5% higher. At this moment it is difficult to determine what exactly has been agreed. It seems that Boehner was able to placate the “TEA PARTY” caucus for the moment–enough to get some compromise.
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Tags:Aussie, Boehner, budget deal, debt ceiling, EFSF, ESM, Euro, European debt, GDP, Gold, Kiwi, Obama, OTC, PIIGS, Real, Schaeuble, Singapore dollar, SNB, swissie, Tea Party, U.S.
Posted in Currency, Europe, United States | Leave a Comment »
April 24, 2011
The markets have been given a modicum of quiet as all ears turn to this week’s FOMC meeting. It seems that the FOMC release will be at 11:30 a.m. CST, which is an hour and forty-five minutes earlier than usual and the Bernanke meeting with the press will begin at 1:15 p.m. CST. A great deal of importance is being place on this historic first press conference. Much is also being made about the end of QE2 but I am not one of those looking for wild action when the FED stops buying Treasury debt. It seems that the FED may not announce “new” purchases but it doesn’t mean that they won’t be rolling over expiring issues and purchasing other debt in the market with the rolled over money.
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Tags:Ben Bernanke, BOJ, Bond, bonds, dollar debasement, European debt, Fed, FOMC, JGB, MOF, QE2, U.S. budget, Zero Hedge
Posted in Debt Market, Federal Reserve, FOMC, Japan | 3 Comments »
January 17, 2011
Some housekeeping weekend news: British Petroleum returned to the Russian market as it announced that it was swapping $16 billion shares of its stock for an equivalent amount of ROSNEFT, rendering the Kremlin the largest BP shareholder. BP management has determined that its future is better off in developing large Russian oil reserves than depending on the capriciousness of U.S. ENERGY POLICY. This is not an easy issue as some previous aggrieved parties are going to slow this agreement down until they receive compensation for past illegal moves by the PUTIN clique. More importantly, it says that serious business people are beginning to see a change in Russia and want to be part of the early movers into the “great potential.’
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Tags:Axel Weber, Berlin, BOC, BP, Canadian Dollar, CIFIUS, Debt, ECB, EFSF, EPA, Euro, European debt, German, Hu, Mark Carney, Merkel, Mount Blanc, PIIGS, Putin, Rosneft, Russia, U.S. Dollar, U.S. energy policy
Posted in Canada, Currency, Europe, Russia | 6 Comments »