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Weekly Bull/Bear Recap: January 23-27, 2012
Submitted by Rational Capitalist Speculator
Weekly Bull/Bear Recap: January 23-27, 2012
Bull
+ The ECB’s Long-Term Refinancing Operation (LTRO) has clearly quelled fears of an imminent liquidity crisis; Spanish and Italian 10-yr yields have plunged. …
Abysmal news for Greek Bonds and Debt Swap Negotiations
Once again, hope is pervading the media that an agreement might be reached between the Greek government and private sector investors on a debt swap, maybe even this weekend, though everyone is hobnobbing at the World Economic Forum in Davos where al…
Thanks a bullion Ben, you’ve given gold its best start since 1980
Bloomberg reports gold traders are upbeat about the prospects for the gold price for the fourth week in a row after the Fed’s interest rate move gave gold the best start to a year since 1980.
Gold has risen 10% since the start of the year, rebounding from the first quarterly decline in three years and scaling the $1,700 an ounce level for the first time since December 9.
Endgame Begins – UK "Foreign Office Sources Say Merkel Now Thinks Greece Will Default"
Courtesy of the BBC’s Andrew Neil, on the back of the previously noted formal annexation demand of Greece by Germany:
Of course, this is what we, and everyone else whose frontal lobe has not bee hijacked by the status quo, said back in January 2010……
Wiki joins rating game
Wikirating, which went live in October, aims to be the opposite of a conventional rating agency. The organization, which is still in its infancy, claims to be completely transparent and untainted by the realities of capitalism
Friday Tragedy: The US Debt Limit Explained
Ordinarily this space would be reserved for Friday humor, but unfortunately, this is nothing short of a tragedy, especially since as of today the US debt target is $16.394 trillion, a number which will be breached before the end of the year, and possib…
Banks Get Squat As Facebook Commands Super-Low Fees
Reuters is reporting that the fees to banks on Facebook’s planned IPO could be as low as 1%.
If that’s true, it is a stark reminder of who is holds the all the negotiating power in this deal.
Standard IPO fees are 6-7% and for high…
Lotto Jackpot Deadline Passes as Crime Probe Starts
Stockbyte/Thinkstock(DES MOINES, Iowa) — As the deadline to claim a $16 million Hot Lotto jackpot passed without a winner Friday, the Iowa attorney general’s office launched a criminal investigation into the only person who tried to claim the prize. “…
Citi Joins The Cost-Cutting Ranks By Slashing Bonuses Up To 70%
Bloomberg’s Trish Regan (yes, she is no longer at CNBC), has just announced that the bank which earlier announced it is shutting down its catastrophic prop trading desk (at which point shreholders let out a sigh of relief), has proceeded with slashing …
‘Dark shadow’ over Northern Gateway process, green group says
Ecojustice said Friday it asked a joint review panel reviewing the Northern Gateway pipeline to look into whether comments made by Ottawa in recent weeks have damaged its process
