samedi 9 octobre 2010
I have to admit I have asked myself why the french president and his gov started the use of "Roms" to talk about the illegal status of several, in the hundreds or thousands, illegal settlements? I was even more surprised the Press (continental) did the same and stunned at Mrs Redding outburst...I can't help to ask why?
For any gov or state person, the fact that several individuals in an illegal situation belong to a minority in their home country is absolutely irrelevant, should be? The french gov has only to know of the citizenship, Romanian, Bulgarian or else and is right to return citizens of any country unable to support themselves, asking their governments to please cater for their citizens, offer them jobs and as much as possible decent opportunities to serve their pursue of happiness?
I just read some comments just as outrageaous about a Supreme Court judge spouse, what is it about?
vendredi 8 octobre 2010
Must Read
Our 9-11 Imam, a man who wants us to take him at his word except when we don't like what he says, pronounced that he is a loyal American and as proof of his loyalty he said he always votes:
"I vote in elections, I pay taxes, I pledge allegiance to the flag, and I am a Giants fan -- I am glad they won yesterday," Rauf quipped
The New York Post has researched the Board of Election voting record and they report that he has not voted since 2001. Moreover, he isn't even registered to vote. Oh My!
mercredi 6 octobre 2010
ME : Yes you're a patriot
Stephen : No I'm not a Patrriot!
ME : Yes you're a Patriot, Stephen, and..., Stephen... you 'll join the Tea Party
Stephen : NO twice, I'm not a Patriot and I won't join the Tea Party
ME : Yes you will and Yes you're a Patriot
Stephen : Noway, I'm not a Patriot and won't join the Tea Party
ME : Yes you will
Stephen : No I won't
ME : Yes you will
Stephen : No I will not, don't you get it!
ME : Stephen, Steeeepheeeenn... Yes you're and yes will join the Tea Party, Stephen.
Stephen : NO!
ME : YES!
Stephen : NO!
Stephen : NO!
ME : Yes you will do as you're told Stephen
Stephen : No I won't
ME : YES YOU WILL!
Stephen : NO I WON'T!
ME : YES STEPHEN YOU WILL DO AS I SAY
Stephen : NO I WON'T
ME : YES YOU WILL
Stephen : NO I won't do anything some alien form is telling me to do through a computer
ME : YES YOU WILL
Stephen : I'm an American and I'm not going to do anything a computer suggest....
ME: (relief...) See Stephen, you're a Patriot! Will you join the Tea Party? Not yet but you will
Stephen : AAAHHHRRRRRR!!!!!
mardi 5 octobre 2010
lundi 4 octobre 2010
France definitly the twilight zone I think
Jon and Stephen are at odds with the Tea Party but I just wonder what they would be doing if they were here….. not happy with what you got home, listen to that, (again I ‘m writting to you, how weird really…..) Thanks to Michael in New York I know you guys have planned some rally to oppose Glenn, “Restore sanity or Keep the fear alive”, I expected something a bit lighter, you know…. but well, 1st Amend is alive and well so I’m watching all that with some goodwill.
Has Stephen recover from both his testimony in Congress and the news he is a Patriot and could very well allow his pride to florish, joining the Tea Party movement?
How are Neil, Geraldo, Bill the Great, Erika, Anna, Jamie and Wolf? (when you have a minute)
So, the twilight zone…., I mean that’s something…. I heard today the french Secretary of Immigration (and no kidding) and National Identity…. not to mention prior to be Secretary of Sarky’s administration, he used to call him, a neocon Bush inspired with a french passport…. don’t ask me cause I don’t know what it can mean) about the french citizenship…. which happens to be according to the guy something more…than just that?? what? again don’t ask me….not sure about what the daBIPBIP thing is…. anyway debating how the citizenship is acquired and opposing a guy who acquired the thing through his birth place he mentioned his own situation, a french born abroad, something he got through “blood”…. from his mum and dad…..his citizenship. Not that long ago, the president and himself in a ceremony for Immigrants receiving their citizenship emphasized that french was not a race or an ethnie. A very true thing, so true, you just wonder how it could be transmitted through “blood” then I guess? How Eric got his cititzenship?
I mean ???
dimanche 3 octobre 2010
mardi 28 septembre 2010
lundi 27 septembre 2010
Economy : What you ever learned about it is dead?
- The worse the data is
- The bigger the QE is expected to be
- The higher will go both Stocks and Bonds Markets as the Central Bank buying lowers yields
Better have a poor economy after a financial crisis triggering unconventional Central bank measures than a healthy one with just a recession I guess ?
I have problems with the stuff too. A stock market that can only go higher data good or bad is rather unusual, to think that the good or bad data echoing the economic situation has absolutely no effects on companies profits is even stranger. Vote for Rick!
samedi 25 septembre 2010
FOREX.com Market Commentary
vendredi 24 septembre 2010
Must Read (2)
Unemployment number going where?
WARREN BUFFETT TO CNBC: "WE'RE STILL IN A RECESSION"
U.S. CAPITALISM'S 'REGENERATIVE CAPACITY' MORE IMPORTANT THAN GOVERNMENT STIMULUS
COMPLETE INTERVIEW TRANSCRIPT
Did you say Social Security the unique french retirement system?
Poor Kid on Block Fleeced by the Elderly: Laurence Kotlikoff
Calling Social Security contributions part of personal savings seems as natural as not. After all, the system provides most Americans with much of their old-age income. And it sends us an annual statement detailing what we’ve contributed and can expect to receive in retirement. That’s pretty darn personal.
Today's can't miss
Europe’s commercial real estate owners, saddled with 1.9 trillion euros ($2.5 trillion) of debt, may be forced to make billions of euros in cash payments under planned laws that would treat them like hedge funds.
Catastrophic’
“That would be a catastrophic result for property businesses using derivatives like interest-rate swaps,” according to a European Property Federation study on the proposals. “Some would be unable to fund margin requirements and could default on their borrowings and risk insolvency.”
German and Irish data fuel growth fears
Goldman Sachs Says Tax Rise May Erase U.S. First-Half Growth
jeudi 23 septembre 2010
EUSKADI : Reunification, a right for Euskadi's voters to decide
Must Read and Can't Miss - combined Eurozone Banks in dire straights
Central Banks Struggle for Exit as Recovery Weakens
Ireland fears hit eurozone stocks
Ireland’s economic recovery stalls
Spread between Irish and German bond yields hits record
Germany leads slowdown in eurozone
Purchasing managers’ survey shows pace of expansion tumbling
Gold price on the way back to over 1000 euros as the eurozone sovereign debt crisis hits again the head lines as eurozone periphericals CDS reach new highs.
lundi 20 septembre 2010
Can't miss
ECB bond buying signals new strains
Credit Agricole Sees $1,350 Gold At Year-End
Manager: It's a Short-Covering Rally—Take Profits Now!
Debt Restructuring in Euro Zone Inevitable: Economists
BoE Sees Renewed Easing Calls, Lone Hike Vote Updated 4 hours ago
BOE Says More Stimulus on Agenda After Posen Proposes `Plan B'
Today's Europe Industrial Orders Decline More Than Forecast Tomorrow's PMI?
vendredi 17 septembre 2010
samedi 11 septembre 2010
Visit http://firetheimam.com/
http://www.facebook.com/firetheimam
vendredi 10 septembre 2010
Today's can't miss
Trichet Says Will `Take Time' to Wean Banks Off Emergency ECB Liquidity (Broad Credit availability may not be on the horizon yet)
Looking into it now.
mercredi 8 septembre 2010
Today's can't miss (updated)
Basel Capital Ratio Compromise Reached, Zeitler Says
Policy makers are seeking to raise the quality and quantity of reserves held by banks to avoid another financial crisis. Governments have been wrangling over the details with France and Germany among those concerned that their banks and economies wouldn’t be able to bear the burden of tougher capital requirements until economic recoveries took hold. Group of 20 leaders meet in November in Seoul to approve the rules.
Today's can't miss
Meredith's, Even though emerging markets will continue to expand, they won’t do so fast enough to offset the declines in the U.S. and Europe, Whitney said.
IMF foresees Greece's debt topping out 149% of GDP in 2012...
Gartman: Gold to Hit New Highs? I see a nice run for softs too.
mardi 7 septembre 2010
lundi 6 septembre 2010
dimanche 5 septembre 2010
Important reminder, Protection of money market investors at risk (sicav monetaire)
‘Boring’ products that hid high risks - May-11
Treasurers avoid money funds - Jan-31
New rules for money funds - Dec-13
Money funds face qualifying criteria - Jul-12
Today's can't miss
India Sugar Production Increases to Match Demand Next Year, Minister Says
Liked Art, you'll love Larry
Why Is the Paris-Based OECD Pushing Obama's Big-Government Agenda With Your Tax Dollars?
Currencies
Canada's Dollar Strengthens for First Week in a Month After U.S. Adds Jobs
Macro numbers
Oil Ends Below $75 as ISM Disappoints, Earl Fades
Months of pain lie ahead
Markets
Investors turn to linkers and gold to hedge uncertainty
Fears grow over global food supply Softs were late, grains have now made some gains and have reached a better price for producers, next livestock to head to the new normal but when?
Trade Gap in U.S. Probably Narrowed on Falling Imports as Economy Slowed
vendredi 3 septembre 2010
Months of weak growth and high unemployment lie ahead
Roubini Says Dollar, Franc May Beat Gold in Recession (Expectations Management, it's slowing but less than some feared at least for now, do you feel better?)
Also speaking from Cernobbio, Harvard University historian Niall Ferguson said the global economy remains plagued by the trade imbalances that helped trigger the financial crisis and that U.S. consumers are not going to provide the engine of the growth.
“If global imbalances caused this crisis, the bad news is they’re back,” he said. “The short answer is that nothing is going to replace the U.S. consumer in the short term.”
Don't miss Art (CNBC)
Economists: Gloom and Doom Ahead, Especially in US
jeudi 2 septembre 2010
mercredi 1 septembre 2010
Stay tuned
The Fed will purchase $500 billion to $750 billion of Treasuries over six months and possibly more as needed to support the economy in a second round of quantitative easing, according to Priya Misra, head of U.S. rates strategy at Bank of America Merrill Lynch.
US companies cut 10,000 jobs in August
Eurozone manufacturing recovery slowed in August. Strong growth continued in Germany and France, but downturn in Greece deepened
Key points:
Final Eurozone Manufacturing PMI at six-month low of 55.1 in August, as growth of output and new orders moderated.
Germany, France and Austria recorded fastest rates of output growth.
Job creation continued, but still centred on Germany, the Netherlands and Austria.
Rob Dobson, Senior Economist at Markit said: “The Eurozone Manufacturing PMI suggests that the expected cooling of the sector from the buoyant growth rates seen earlier in the year is underway. Expansion of output and new orders both slowed noticeably in August although, on current form, manufacturing should provide a solid contribution to third quarter GDP.
“However, drilling down into the national data highlights just how uneven the recovery remains. August saw France, Germany and Austria stay well ahead of a subdued chasing pack including Spain and Italy, while Greece remained firmly in the grips of a deep downturn. Imbalances also remain in the labour market, with jobs created only in Germany, Austria and the Netherlands.
“Meanwhile, weaker global trade flows led to the smallest increase in new export orders since January, which may lead to a slower growth profile at Eurozone manufacturers in the coming months.”
To watch "The rate of contraction in Greece accelerated sharply since July, following a similar quickening in the pace of reduction in new orders." A situation with the potential to undermine significantly the efforts in which the country is engaged to reduce its deficits, a step closer to restructuring with the sovereign debt crisis back in the headlines (Sovereign Debt Worries Will Last 10 Years: Strategist).
Can anyone afford to neglect homework?
Manufacturing activity in the euro zone expanded in August at its slowest pace since February
UK Manufacturing PMI falls to lowest since November
Growth in the country's manufacturing sector slowed more than expected last month, led by the weakest expansion in new orders for more than a year, a purchasing managers' survey showed on Wednesday.
"Taken alongside the euro zone figures published today, it looks as if a broad industrial slowdown is occurring across much of the EU."
Making lemonade out of lemons
Ultimately, however, we would prefer to use any correction higher in USD/JPY or JPY-crosses and other risk assets as a selling opportunity in anticipation of renewed pessimism in the weeks ahead. Next Friday's US Aug. employment report should serve as a prominent reminder of the weak rate of job creation in the US and the improbability of a near-term improvement in the outlook. In the next section, we highlight some key price levels to monitor any potential correction or subsequent relapse.