Archive for August, 2011
Muni Market Prepares for Lost AAA Ratings; “Hundreds and Hundreds” of Downgrades
August 8th, 2011Via: Bloomberg: The $2.9 trillion municipal bond market is preparing for “hundreds and hundreds” of downgrades after Standard & Poor’s lowered the U.S. one level to AA+, the first-ever reduction for the country. S&P is likely to cut its ratings on municipal debt secured by the federal government, such as pre-refunded bonds, tax- exempts backed […]
G7 and ECB: ‘Coordinated Action’
August 8th, 2011It’s like Groundhog Day, 2008 edition. Via: Reuters: A pledge of coordinated action by the world’s industrial powers wedded to hopes of aggressive bond buying from Europe’s central bank helped limit the fallout from the historic downgrade of the United States’ debt rating in Asia on Monday. With the twin debt crises raging and stock […]
S&P 500 Index Futures Down 2%
August 8th, 2011ESU11 Sep 2011: -24.75 -2.07% 22:51
Gold Gap Up: New Record High
August 8th, 2011Spot: $1696.10.
Israeli TA-25 Down 7%
August 7th, 2011Via: Haaretz: Tel Aviv stocks plunged across the board on Sunday, losing more than 7% in reaction to America’s loss of its perfect credit rating late last week and a sharp selloff in world markets Thursday. The Sunday retreat was the steepest intraday fall since the global economic crisis erupted in 2008.
APMEX Halts Sales of Precious Metals Until After Trading Opens in Asia
August 7th, 2011Disclosure: I am an apmex.com affiliate. Update: APMEX Re-Opens —End Update— This message appears when attempting to checkout: *Attention – Due to the uncertainty in the global precious metals markets, we will not be able to accept any additional orders until the global markets re-open in Asia. We expect to be accepting orders around 6:15 […]
Hilarious CNN “Don’t Panic” Video
August 7th, 2011CNN.
10 of Today’s Hottest Jobs: Proof That America Is Doomed
August 7th, 2011The largest number of jobs involve dealing with the failing health of old people. People who know about running spam email campaigns and financial scams are also in demand. Truck drivers, app designers for mobile phones, and TwitBook operators too… There is nothing here about designing or manufacturing any physical goods at all! The U.S. […]
Short Notice: Cryptogon Astrologers
August 7th, 2011Please see this. Thanks.
GERMAN GOVERNMENT THINKS ITALY TOO BIG FOR EFSF TO SAVE
August 6th, 2011Via: NASDAQ: Germany’s government thinks Italy is too big for Europe’s rescue fund to save, Der Spiegel magazine reports in a preview of an article to be published Monday. The government doubts whether even tripling the size of the rescue fund, known as the European Financial Stability Facility, would enable it to save Italy because […]
