From wholesale corporate bail outs in 08/09 to wholesale sovereign bail outs in 11/12 all the while mainstreet is being shafted. Exciting times indeed. I hope my grand children will also be of the life of the capital. I'll have a lot of stories to share

Next crisis will be at the ESSF/IMF level. China, Brazil will not continue to bail others out without the requisite seats at the table. He who pays the piper and all that...

Peter Schiff exchange with OWS. Interesting exchange from a capitalist point of view...

http://conservativewatchnews.org/?p=22371

1st victim of Euro crisis in the markets. Not always clever to bet against the govt

Stated back in Aug 22 2011.

http://seekingalpha.com/...this-is-worse-than-2008

I'm seeing a lot of smoldering ash in euroland CDS. Still on the stock sell side on SocGen, Unicredit, Credit Agricole and Intesa.

And here we have another notification of the 50 day SMA on 94% of the S&P 500 stocks! Mostly banks.
I've also noted that NSE is also above the 50 day SMA on vapour volume in a short span of days and overbought on RSI. Caution especially with those bank stocks!

http://seekingalpha.com/...r-50-day-moving-average

And finally MF Global files for bankruptcy... The catchy phrases...
"Generally, broker-dealers aren’t eligible to file for Chapter 11 bankruptcy, and need to either sell assets, as Bear Stearns Cos. did in 2008 to JPMorgan, or liquidate, as did Lehman Brothers Holdings Inc.’s brokerage unit and Bernard Madoff’s firm. Liquidations are overseen by the Securities Investor Protection Corp. so as to return or replace customer securities. SIPC, created under the Securities Investor Protection Act, insures losses of as much as $500,000 a customer in registered securities."

"Corzine, who helped run Goldman Sachs from 1994 to 1999, had sought to transform MF Global into a midsize investment bank since arriving there in March 2010. He increased the firm’s risk and used its own money to trade, including investments in European sovereign debt that rattled markets."

And the best comment - "It's amazing that some people will support and stand behind corporations like MF Global , but condemn the OWS protesters."

http://www.bloomberg.com...ection-in-new-york.html

http://www.youtube.com/watch?v=lAmY7Hyup-4

Linda Inchi is necessary. It gives us a chance to dispose off old annumation so that we re-stock our arsenal.
Al-shabab had also "come too much"

The MF Global saga keeps getting better, it actually refused to give regulators the requested info. When finally it did, well it actually shows it also had drawn from its clients accounts! Anyone remember madoff, lehman, francis thuo, nyaga, discount securities etc... Also note this firm was a PD (primary dealer aka market maket). During the dragon silver bull run in early 2011, this firm hiked silver trade margins like mad, worse than CME margin hikes in order to stem the bull run. Smells like Bear Stearns. Anyway anatha broker thrown under the bus this time coz of the euro debt bomb bets gone bad...

http://newyorkfed.org/ma...pridealers_current.html - who's next on this list...

[quote=hisah]Greece 1yr bond yield heading towards 200% mark!!?

http://www.bloomberg.com/quote/GGGB1YR:IND

Expected, nothing to see here. Keep rolling over those T-bill 91 day, gubberment cash junkie is about to go overdrive... I can smell 20%+ interest rates... Let's see how a weak KES fairs with USD by Dec & bullish inflation. Unsecured loan holders, just default & tell the bankster to shove...

http://www.businessdaily.../-/vnjdmkz/-/index.html


What next, unga, airtime, beer etc...
http://www.businessdaily...0/-/u6b7kx/-/index.html[/quote]


On October 20th, the Greece 1yr bond yield was heading to 200%. Let's see how it is fairing...



What about the 2yr bond yields...



Now how in the world Mr Market still believes that Greece is a none issue and that the rest of the PIIGS will magically resolve their debt bomb issues with a leveraged EFSF facility by the same trouble euroland is just sheer madness...!

Gold is the historical hedge against government instability. CNN calls it political stupidity, understandably so given that European politicians will fiddle while Athens burns. The immediate price targets are $2025, $2116, $2209, $2304 and $2401.

NEW YORK (CNNMoney) -- Gold is said to be a hedge against inflation, deflation and all other nasty sorts of economic bugaboos. It looks like it may be a hedge against political incompetence too.

The price of gold has surged more than 7% in just the past week and a half. The yellow metal is now trading around $1,750 an ounce.

That's still a bit lower from the all-time high of about $1,924 from just a few months ago. But experts think that a new record could be in the cards soon if the debt melodrama in Europe (As George Papandreou Turns?) continues.

Read more:

http://money.cnn.com/201...uzz/index.htm?iid=HP_LN

Interesting to see this service is now in KE - http://www.globerobe.com/