Latest Posts By teeth53
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| 18-Jun-2011 21:51 |
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Aug 2, US-living on borrow time from debt disaster
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Lastest news on Greek debt...Isit enuff to save Greek's..?. http://economictimes.indiatimes.com/news/international-business/european-leaders-scramble-to-save-greece-from-debt-default-greeks-seem-to-be-in-denial/articleshow/8886319.cms ATHENS: Euro leaders are scrambling to save Greece from a debt default that could cause global economic turmoil , but the Greeks themselves seem in denial. Greeks seem more inclined to blame others for their troubles than accepting that something is deeply wrong with their country and painful medicine is urgent.
" The ordinary people don't understand the seriousness of the situation...not only for Greece, but for the whole world economy," said Jan Randolph, director of Sovereign Risk Analysis at IHS Global Insight. Violent protests against austerity measures demanded in return for an international rescue worth billions of dollars have combined with political infighting and euro zone dithering to severely spook international markets. No single element of society appears to have fully embraced the gravity of the situation, analysts say, and investors fear political wrangling and opposition to austerity measures could push the country into a messy default on its sovereign debt, which totals 340 billion euros ($480.8 billion). While countries like Latvia have taken IMF medicine, suffered quick but painful contractions, and are now on paths of recovery, analysts said Greece's case increasingly threatens to resemble Argentina, which defaulted in 2001 and is still shut out of financial markets. Greece's bailout lenders, the EU and IMF, have called for national consensus behind reforms to win a new financing package. Greek's itself is spending great deal of time pointing fingers rather than looking for solutions. Govt and opposition paint each other as obstructing a solution, private company workers blame the bloated public sector, civil servants blame tax cheats and most Greeks say corrupt politicians are the main problem. " The big problem of Greek society is the tendency to consider somebody else is responsible for everything that goes wrong," said Theodore Couloumbis, of the ELIAMEP think-tank. " It's like someone who suffers from a severe disease and wants to know what caused it rather than taking precautions to cure it." PAINFUL MEASURES -- The govt has reduced public sector wages by a fifth, raised the retirement age for women, cut pensions by more than 10 percent, and cut temporary public contract jobs. |
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| 18-Jun-2011 21:27 |
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Aug 2, US-living on borrow time from debt disaster
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http://economictimes.indiatimes.com/news/international-business/germany-france-pact-calms-eurozone-fears/articleshow/8895607.cms UBS analyst Alexander Kyrtsis said. Initial Greek market reaction was positive with bank shares rising by as much as 4% and the Athens stock market index climbing 2%. 'Away From The Abyss' Bond markets remain spooked by fears of a Greek default and most economists are overwhelmingly sceptical that Greece can ever repay its debt mountain, which has reached 340 billion euros or 150% of the country's annual economic output. Reuters' calculations based on five-year credit default swap prices from Markit show an 81% probability of Greece eventually defaulting on its debt based on a 40% recovery rate. Jim O'Neill, chairman of Goldman Sachs Asset Management , said the risk of a Greek default was " getting closer" and slammed European policymakers for sparring in public with each other. " It is like open theatre," he said. But Michael Leister, a rate strategist at WestLB, said the common front shown by Merkel and Sarkozy had moved the bloc " a couple of steps away from the abyss" , reducing fears of a disorderly default in the near-term. The ECB and the European Commission have warned that any form of private sector involvement that causes a " credit event" or a downgrading of Greek debt to default status could wreak devastating damage on the euro zone. teeth53 thot: it is not going away...it is just postponing Greek's debt prolong problem alittle longer. There's big differences in d countries' currencies. The dollar is the world's reserve currency and is managed by a single govt. |
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| 18-Jun-2011 12:44 |
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Asean/Japan Quake n nuclear crisis apocalyptic..?
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 Temporary storage tanks for low / middle level radioactive water. (12 minutes ago)
TOKYO (Reuters) - An operation to clean up radioactive water at Japan's stricken Fukushima nuclear power plant was suspended on Saturday, hours after it got underway, when radiation levels began rising dramatically, " At the moment, we haven't specified the reason," a TEPCO spokesman told a news conference. " So we can't say when we can resume the operation. But I'd say it's not something that would take weeks." " Unless we can resume the operation within a week, we will have problems in disposing of the contaminated water. A resumption was critical to deal with the highly radioactive water -- officials say 110,000 tonnes, the equivalent of 40 Olympic swimming pools -- is stored there. |
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| 18-Jun-2011 12:01 |
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Asean/Japan Quake n nuclear crisis apocalyptic..?
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http://news.asiaone.com/News/Latest%2BNews/Asia/Story/A1Story20110616-284499.html TOKYO - Japan's crisis-hit nuclear power plant could spill more radioactive water into the sea within a week unless engineers can fix a glitch in a new system to clean up growing pools of contaminated water.  Japan plans to ask pregnant women and children to move away from far-flung radiation “hotspots” Straits Times (Sat, Jun 18, 201), reported Nuclear crisis " hurt Japan's reputation" and in Indonesia. Indonesia's President - Dr Susilo Bambang Yudhoyono had second thought, voiced his reservations on plan to build atomic nuclear plant in quake belt islands during his term that run till 2014, after visiting Japan and noted that both countries - located on the seismically active Pacific Rim of Fire - that Japan had recently suffered devastating earthquakes and tsunamis. teeth53 tot: In d wake of Japan Quake and nuclear crisis...Asean must wake up to apocalyptic gamble. Twenty millisieverts is the annual radiation limit the govt has set for school children in Fukushima, |
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| 18-Jun-2011 09:35 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Mkt volatility and it nervousness, is fearful and is unsettling on it contagious till end August 2011. STI will test 2,980 B4 testing 2,920 - 2,950, then move on to test 3,000 again till.... |
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| 18-Jun-2011 09:23 |
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Aug 2, US-living on borrow time from debt disaster
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http://money.cnn.com/video/news/2011/06/17/n_quest_greece_contagion.cnnmoney/?iid=HP_Highlight Could Greek default equal Lehman's bust? " They are doing their BEST"Greece: Crisis eases, but investors still nervous |
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| 18-Jun-2011 09:09 |
IPO
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IPO-ing. what U should look out for...
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Market Sentiment Best: Thing that those Angmo can do is to past their pricey baton to the poor retail investor in HK. Most recently IPO listed turn none-bullish. Samsonite lost 11% on it first day trading. Meanwhile... Hong Kong - Italian fashion house Prada SpA is selling shares at low end of the price range in its IPO, 39.50 HK dollars, as investors flee slumping stock mkts about worry paying Italian taxes. . |
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| 18-Jun-2011 08:38 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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http://www.ft.com/home/asia Related news...
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| 18-Jun-2011 08:34 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Contagion takes a day off in Europe on Friday, as Germany backed off its demand that the next Greek bailout include mandatory concessions from the private sector lenders.http://finance.fortune.cnn.com/2011/06/17/contagion-takes-a-day-off-in-europe/?iid=HP_LN (Reuters) - Stocks rose in volatile trading on Thursday, thanks only to technical factors and options expirations. But raging uncertainty about Greece prevented investors from committing money to the market. The impending expiration of stock-index futures, single-stock futures, equity options and stock-index options for June -- known as quadruple witching -- created exceptional volatility, pushing the S& P 500 to swing more than 1 percent from its session low to its intraday high. |
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| 17-Jun-2011 16:53 |
Dyna-Mac
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Since ipo @0.35c stake holder forum
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Looking more interesting, last done 0.48 cents, later look even more then interest... 
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| 17-Jun-2011 16:38 |
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Aug 2, US-living on borrow time from debt disaster
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Is the United States really like Greece? U.S. economy? Gargantuan. Greece's economy? Tiny. http://money.cnn.com/2011/06/16/news/economy/greek_us_national_debt/index.htm?iid=HP_LN NEW YORK (CNNMoney) -- Deficit hawks often cite Greece's debt nightmare as a cautionary tale for the United States. The pain of Greece's crisis There are also big differences in the countries' currencies.The dollar is the world's reserve currency and is managed by a single government. The euro, by contrast, is used by 15 sovereign countries. Therefore........For more info. pls click above. |
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| 17-Jun-2011 09:51 |
Dyna-Mac
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Since ipo @0.35c stake holder forum
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Looking interesting..... Last done...0.50 cents.
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| 17-Jun-2011 09:48 |
Dyna-Mac
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Looking interesting
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Looking interesting..... Last done...0.50 cents.
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| 16-Jun-2011 22:49 |
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Aug 2, US-living on borrow time from debt disaster
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http://finance.fortune.cnn.com/2011/06/16/playing-chicken-with-the-debt-ceiling-is-a-dangerous-game/ Others question whether it's really such a big deal. Here's former Governor Sarah Palin (R-AK):
The truth is that there is no drop-dead date. This is because the debt ceiling is an inherently mushy concept. There are plenty of accounting gimmicks that the government can use, and is using, to postpone the crisis Geithner sketched in the quote above. There is no drop-dead date for raising the debt ceiling, but that doesn't mean it's something we can afford to continue debating. Making a political game out of the debt ceiling is playing with fire.by James Hamilton, Econbrowser Treasury Secretary Timothy Geithner has been warning of serious repercussions if the debt ceiling is not raised, for example, in this letter written May 13 to Senator Michael Bennett (D-CO):
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| 16-Jun-2011 10:20 |
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Aug 2, US-living on borrow time from debt disaster
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http://www.usdebtclock.org/ (14.4 Tri...) http://europe.chinadaily.com.cn/epaper/2011-05/06/content_12457731.htm (3 Trillion..?) |
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| 16-Jun-2011 10:12 |
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Aug 2, US-living on borrow time from debt disaster
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The central problem -- beyond Greece's running out of money again. http://finance.fortune.cnn.com/2011/06/15/greek-crisis-at-the-tipping-point/ Markets is putting 3 in 4 odds on a Greek default within 5 years and nearly 50-50 odds on defaults in Portugal and Ireland, it seems clear that many of those forces already have been unleashed. Unnervingly, it is starting to look like the answer may be yes. Policymakers this week failed yet again to take decisive action on Greece's debt crisis, rattling markets and prompting billionaire George Soros to brand officials' failure to restructure Greek debt a " mistake." The latest sovereign bond selloff took the yield on 10-year debt to 18% in Greece, 12% in Ireland and 11% in Portugal. So much for the bailouts of those countries lifting the siege mentality. Potentially more troubling is the action, In Spain, 10-year yield remains a modest 5.55%, but the spread to German government bonds – a measure of the two issues' relative risk -- has risen by half a percentage point in two months. Spanish credit default swaps were by far the most actively traded over the past week, notes Gavan Nolan of data provider Market, with some $8.3 billion worth of default bets being made – more than twice as much as was wagered on also-ran Italy. E.U. leaders are trying to agree on terms of further aid to Greece by next week's summit in Brussels. The deadlock isn't playing well in Athens, the austerity plans that came with the first bailout last year have failed to produce the promised results. Rioters attacked police there on Wed. Market tremors come at a time when it is looking like policymakers in Europe may have fallen disastrously behind the threat they have spent the past year trying to contain. Seeing the taxpayer bill mounting, German politicians are calling for private sector bondholders to accept longer repayment terms. Jean-Claude Trichet, head of the EU Central Bank, has been warning - debt maturity extension being pitched by German leaders is untenable because it could set off unpredictable forces in the markets. The risk now is that the time policymakers have been playing for has passed and a bank run like the ones seen in Ireland and Greece will now descend on other weaker economies, notably Spain. It is still possible that the Europeans can come to grips with this crisis before we end up in a replay of Lehman Brothers. But in a depressing replay of 2008, for now it seems that the flavor of the day is wishful thinking. |
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| 14-Jun-2011 09:00 |
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Where is Victorf ?
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There is no right or wrong in share market...Some win called right and many losses deem wrong. | ||||
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| 13-Jun-2011 00:05 |
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Asean/Japan Quake n nuclear crisis apocalyptic..?
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http://www.bloomberg.com/news/2011-06-12/japanese-protest-nuclear-power-three-months-after-fukushima-hit-by-quake.html Antinuclear protesters staged nationwide demonstrations throughout Japan yesterday, three months after a nuclear power plant damaged by natural disasters began spewing radiation. Demonstrations were held in about 140 places including downtown Tokyo, Osaka, Hiroshima and Fukushima, where the crippled Tokyo electric Power Co. reactors have yet to be brought under control, media including the Asahi newspaper reported. As many as 20,000 people participated in the nationwide protests, Asahi reported, citing organizers it didn’t name. Tokyo metropolitan police declined to provide any estimate of numbers at demonstrations, when contacted by Bloomberg News. teeth53 thot: In the wake of Japan Quake and nuclear crisis...Asean must wake up to apocalyptic gamble. |
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| 12-Jun-2011 23:59 |
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Aug 2, US-living on borrow time from debt disaster
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8:05AM: Chances are still slight, but economists surveyed by CNNMoney are a little more nervous. More |
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| 12-Jun-2011 23:53 |
Insider Info/Tips
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Egyptian Bear Is Here ....
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Real politic battle, err...civil war is shaping and sharpening in Arabic world. http://english.aljazeera.net/news/middleeast/2011/06/2011612101331904689.html (Jisr al-Shughur) Clashes erupt after troops move in to avenge ambush that reportedly killed 120 security personnel.
Syrian state television has reported heavy clashes between troops and armed men in the restive town of Jisr al-Shughur in the country's north. " Army divisions entered Jisr al-Shughur and purged the state hospital of armed groups," said on Sunday. Syria creating humanitarian crisis
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