"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Monday, September 3, 2012

Smart Money Is Buying Puts On The Market

Smart Money Is Buying Puts On The Market
Forbes
At least two good reasons for Smart Money to both hedge their gains(up 17% in equity accounts this year) and to prepare for the Fiscal Cliff– the very great likelihood that come January 1, 2013 defense and non-defense programs will be cut severely, and ... 

Debt crisis: ECB should launch 'unlimited' bond buying, says OECD - Telegraph: "The European Central Bank should launch an "unlimited" bond buying programme as part of vital efforts to stem the debt crisis, the secretary-general of the Organisation for Economic Cooperation and Development has warned."

Spain's Rajoy says euro zone yields not sustainable-papers
Chicago Tribune
PARIS/BERLIN (Reuters) - Spanish Prime Minister Mariano Rajoy called for decisive action to resolve the financial crisis in the euro zone and dispel any doubts over the future of the euro. Rajoy said in an interview with European newspapers published ...

ECB must do more for euro: OECD's Gurria
Reuters
BLED, Slovenia (Reuters) - The European Central Bank should do more to stem the crisis in theeuro zone because the current financial facilities are not enough, the secretary-general of the Organisation for Economic Cooperation and Development (OECD) ...

Rajoy says Spain already meets conditions for aid
Chicago Tribune
Rajoy said he wanted to see details of the European Central Bank's (ECB) program to buy debtof euro zone countries with high borrowing costs before deciding whether to proceed with a request. "If I believe it is good for Europe as a whole, for the ...

Crisis could be over in '1-2 years': EU bailout fund chief
Straits Times
BERLIN (AFP) - The head of Europe's financial bailout fund, Mr Klaus Regling, said the euro zone crisis could be over in "one or two years" if member states stick to their pledges, in an interview to be published on Monday. "If all countries in the ...

Straits Times

No country should leave euro zone: OECD'S Gurria
Reuters
BLED, Slovenia (Reuters) - The euro zone will remain intact despite the current crisis, the secretary-general of the Organisation for Economic Cooperation and Development (OECD) said on Sunday. "I believe nobody is going to leave the euro and nobody ...

Unemployment in Euro zone hits record
Business Standard
“The whole Euro zone is undergoing negative growth developments,” Don Smith, a London-based economist at ICAP Plc, told Ken Prewitt on Bloomberg Radio yesterday. “The sense is that increasingly the euro-zone crisis is bearing down on countries in ...

Europe must act strongly to tackle crisis: OECD
Business Recorder (blog)
Backing bond market intervention by the European Central Bank, the OECD said on Friday that Europe must seize a "window of opportunity" offered by the relative recent calm of financialmarkets to tackle the simmering euro zone debt crisis. "I think it ...

China's growing economic crisis
The Korea Herald
The euro zone seems locked into permanent-crisis mode while the U.S. is bogged down withdebt, economic stagnation and political paralysis. China proved it can live for a few years without U.S. and European customers, but not forever. The bigger topic ...

Euro-Zone Consumer and Economic Confidence Drops to New 3 ...
Finance: Euro-Zone Consumer and Economic Confidence Drops to New 3-Year ... TheEuro-zone economy has been negatively affected by the debt crisis, and ...
finance.yahoo.com/.../euro-zone-consumer-economic-confide...

The Incredible, Inedible Budget
Decoded Science
Unfortunately, the impending fiscal crisis set to occur on January 1, 2012, has evoked little but words to this point. Photo Credit: U.S. Federal Government. Whatbudget, you ask? President Obama's proposed 2013 ... The Impending “Fiscal Cliff”. On ...

Decoded Science

'Ashes, ashes, we all fall down!'
Chicago Tribune
The bipartisan Committee for a Responsible Federal Budget has been warning that, "Although the fiscal cliff would be dangerous and should be avoided, it would be even worse for policymakers to once again put off addressing the unsustainable growth of ...

European financial crisis enters crucial stage - report
Kuwait News Agency
"After the Fed's Jackson Hole event on Friday, the market await the possible but low probability of QE3 announcement on the next FOMC meeting, followed by all the political shenanigans of the upcoming election and the fiscal cliff debate." The NBK ...

Susan Tompor: We've been trained to be on the edge in fear of fiscal calamity
Detroit Free Press
Four-dollar-a-gallon gas? Hurricane Isaac? Any hints of the next Katrina during hurricane season? Worries of falling off the fiscal cliff? The economy -- and the dismal feeling that so many middle-class families have about their financial futures ...

Smart Money Is Buying Puts On The Market
Forbes
At least two good reasons for Smart Money to both hedge their gains(up 17% in equity accounts this year) and to prepare for the Fiscal Cliff– the very great likelihood that come January 1, 2013 defense and non-defense programs will be cut severely, and ...

Europe must act strongly to tackle crisis: OECD
Reuters
JACKSON HOLE, Wyoming (Reuters) - Backing bond market intervention by the European Central Bank, the OECD said on Friday that Europe must seize a "window of opportunity" offered by the relative recent calm of financial markets to tackle the simmering ...

Unemployment rate remainsabove 11 percent in euro zone
Washington Post
Joblessness increased in Spain and Greece, both countries at the center of the European sovereign debt crisis that has created doubt about the future of the single euro currency. In Spain, the jobless figure rose by another 0.2 points to reach 25.1 ...

Central bankers warned can limit, not escape contagion
Chicago Tribune
The central bankers were attending the opening session of the U.S. Federal Reserve's annual monetary policy symposium in Jackson Hole, Wyoming. Euro zone officials, battling a virulent sovereign debt crisis, had been scheduled to take part but decided ...

Bayer CEO says Greek euro exit may help: report
Reuters
FRANKFURT (Reuters) - Leaving the euro zone could help Greece to recover economically and prevent the region's debt crisis from spreading, the head of German drugmaker Bayer (BAYGn.DE) was quoted as saying in a newspaper interview on Saturday.

MN state economist: Fiscal cliff consequences "huge"
Minneapolis Star Tribune (blog)
But Stinson has a lot on his mind, including the parallels between the Great Plains coal boom of the 1970s and the North Dakota oil boom today, the quality of the Minnesota workforce, and yes, the fiscal cliff. Stinson views the fiscal cliff as the ...

Minneapolis Star Tribune (blog)

How to safely scale down the fiscal cliff: A slow descent wouldn't be disastrous.
Liberty Vindicator
"Under current law, on January 1, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. I hope that Congress will look at that and figure out ways to achieve the same long-run fiscal improvement without having it ...

Prepare Now For The Looming Fiscal Cliff
Seeking Alpha
The general election season is finally upon us, and investors should begin shifting their focus from theoretical discussions about the impending fiscal cliff of potential tax hikes and spending cuts to more concrete action plans of what to do about it ...

Fiscal Cliff 2013: All Talk, No Answers
Money Morning
The blame game regarding fiscal cliff 2013 is heating up as Republicans and Democrats rally against their opposing parties - while the country inches closer to higher taxes. At the Republican National Convention Wednesday night vice presidential ...

Fiscal cliff looms large in San Joaquin Valley
Fresno Business Journal
As the presidential campaign nears the final stretch, the potential of the country falling off the proverbial “fiscal cliff” weighs heavily on the mind of economists. The 2001 and 2003 Bush income tax cuts and payroll tax cuts are scheduled to expire ...

Tough as Teflon
Barron's
All it would take, they say, is one serious setback, particularly a failure to legislate an end to the fiscal cliff or a banking crisis in Europe, to send the market reeling by year end. Here's a closer look at how Wall Street's strategists see some ...

Businesses Fear Another Hurricane: The Fiscal Cliff
U.S. News & World Report (blog)
Businesses Fear Another Hurricane: The Fiscal Cliff. By John Kane. August 31, 2012 RSS Feed Print. John Kane is a Job Creators Alliance member and the Founder, Chairman and CEO of the Kane Realty Corporation, a leading East Coast property ...

U.S. News & World Report (blog)

Forget the US, Mexico should worry about its own fiscal cliff
Financial Times (blog)
Manuel Sánchez, deputy governor of Mexico's central bank, has been musing about the potential impact on the Mexican economy should the United States fall off its “fiscal cliff”. In a conversation with US bankers, Sánchez highlighted the near-umbilical ...

3 experts sound off on what could send markets soaring or sinking in the weeks ...
Minneapolis Star Tribune
1) said they needed to see more economic growth or an improvement in the labor market or they would take more action. In the speech, he acknowledged that there were limits to what the Fed can accomplish. It can't fix the fiscal cliff. Congress needs to ...

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