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Nabwire
#3351 Posted : Tuesday, March 19, 2013 6:13:33 PM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
OMG up 128% in the last 5 days, just shoot me!
youcan'tstopusnow
#3352 Posted : Tuesday, March 19, 2013 7:02:14 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Quebec to ramp up mining taxes
http://www.montrealgazet...plan/8106531/story.html
GOD BLESS YOUR LIFE
youcan'tstopusnow
#3353 Posted : Tuesday, March 19, 2013 10:50:01 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cyprus OVERWHELMINGLY Rejects Bank Deposit Tax, Scuttling Bailout Deal
http://reuters.com/artic...92G03I20130319?irpc=932

Take that, Germany! Putin smiling;-)
GOD BLESS YOUR LIFE
hisah
#3354 Posted : Tuesday, March 19, 2013 11:29:50 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
Cyprus OVERWHELMINGLY Rejects Bank Deposit Tax, Scuttling Bailout Deal
http://reuters.com/artic...92G03I20130319?irpc=932

Take that, Germany! Putin smiling;-)

Yep, draconian bill takes a heavy TKO. Tomorrow will be a long day with endless angry phone calls from Brussels smile

Sweet default this will be. CDS trades coming up as equities nosedive very hard.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#3355 Posted : Wednesday, March 20, 2013 12:08:07 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Brent check: $107.6. Wonder where it'll be at by the time the news makes a round-trip.
hisah
#3356 Posted : Wednesday, March 20, 2013 7:06:18 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Nabwire wrote:
Fannie Mae & Freddie Mac are up over 90% in 3 days!!! These are the times I need a crystal ball, dont wanna buy at the top, but I said that yesterday and its now up 30%

http://finance.yahoo.com/q?s=FMCC

Either today's FOMC minutes will indicate that the fed will burn another hole buying more MBS or something grander.

With the USD having gained some as well as US stocks at pre GFC highs, something has to give. USD can only continue up if the fed hikes the interest rate. After today's FOMC it's either equities continue rallying as the USD gets sold or vice versa.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
kyt
#3357 Posted : Wednesday, March 20, 2013 7:32:04 AM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
[quote=Nabwire]Fannie Mae & Freddie Mac are up over 90% in 3 days!!! These are the times I need a crystal ball, dont wanna buy at the top, but I said that yesterday and its now up 30%

http://finance.yahoo.com/q?s=FMCC[/quote]
i thought fernie mac went bankrupt in 2008!!!
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
Nabwire
#3358 Posted : Wednesday, March 20, 2013 7:32:54 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
hisah
#3359 Posted : Wednesday, March 20, 2013 8:56:38 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Nabwire wrote:

Wow! I hadn't seen this LIBOR angle.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#3360 Posted : Wednesday, March 20, 2013 9:03:58 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cyprus banks shut until Tuesday amid scramble for Plan B - http://www.bbc.co.uk/news/world-europe-21855163

Quote:
Cypriot officials have said the country's banks, which were closed to prevent mass withdrawals, will remain shut until at least Tuesday.

On Wednesday afternoon the cabinet began an emergency meeting to discuss alternatives to an EU-IMF bailout deal rejected by parliament on Tuesday.

Germany says banks in Cyprus may never reopen if a bailout is not agreed.

Meanwhile, Cyprus' finance minister is in Moscow to seek help from Russia, which has large investments in Cyprus.

Finance Minister Michalis Sarris said after talks with Russian Finance Minister Anton Siluanov: "There were no offers, nothing concrete," but he added, "we're happy with a good beginning."

Talks are expected to continue in Moscow on Thursday.

Reports say the government is considering imposing capital controls to prevent funds leaving Cyprus when banks are reopened.

Monday 25 March is a scheduled bank holiday, and Thursday and Friday have also been declared bank holidays. The stock exchange also remains closed.


And so I wonder how the small guy is surviving with no cash at hand since last Sunday...

Also note that veiled German threat...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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