Archive for the ‘Nuclear’ Category
Social unrest and revolt during the Arab spring led to a restricted N African supply of crude. Japan’s catastrophic quake halted her industrial production lines. These events created unprecedented volatility in the raw commodities industry, the volatility is set to continue through 2012 as more austere fiscal measures are adopted.
Tonights Republican debate is focusing on national security and foreign policy issues. So far, the candidates have been unable to understand if the next Iranian regime will likely want nuclear weapons too.
I guess “Africa is a country”…and according to Rick Perry’s math “half a trillion” is actually equal to “500 million.”
we should spend even MORE money on Defense! – Mitt Romney
“Africa is a country on the brink.” – Rick Santorum
genocide overseas? Not our business, beer should be illegal – Ron Paul,
Iran has mountains and shit – Herman Cain
Chilean models http://bit.ly/sivhRn – Newt Gingritch
give mexican drug lords medical care and scholarships – Rick Perry
“voices in my head said” – Michelle Bachman
No. Ticker % Change Industry
1 MKTG -20.71 FINANCIAL
2 ING -11.96 FINANCIAL
3 HMPR -10.18 FINANCIAL
4 AEG -8.82 FINANCIAL
5 DB -8.78 FINANCIAL
6 BCS -8.55 FINANCIAL
7 DGIT -8.53 FINANCIAL
8 RDN -8.53 FINANCIAL
9 OCN -8.25 FINANCIAL
10 HBC -8.04 FINANCIAL
11 CS -8.03 FINANCIAL
12 PNSN -7.76 FINANCIAL
13 LMLP -7.56 FINANCIAL
14 STD -7.25 FINANCIAL
15 ENOC -7.08 FINANCIAL
16 BBVA -6.99 FINANCIAL
17 UBS -6.90 FINANCIAL
18 LIME -6.87 FINANCIAL
19 PUK -6.80 FINANCIAL
20 NBG -6.44 FINANCIAL
21 LYG -6.35 FINANCIAL
22 MS -6.29 FINANCIAL
23 ETFC -6.27 FINANCIAL
24 NCT -6.14 FINANCIAL
25 Z -6.09 FINANCIAL
26 JEF -6.03 FINANCIAL
27 CRD-B -5.72 FINANCIAL
28 RF -5.71 FINANCIAL
29 DRL -5.51 FINANCIAL
30 IRE -5.50 FINANCIAL
31 GRNB -5.47 FINANCIAL
32 LNC -5.47 FINANCIAL
33 KB -5.43 FINANCIAL
34 TAOM -5.28 FINANCIAL
35 JNS -5.26 FINANCIAL
36 PFG -5.25 FINANCIAL
37 MTG -5.21 FINANCIAL
38 PRU -5.19 FINANCIAL
39 PL -5.13 FINANCIAL
40 STI -5.10 FINANCIAL
41 UVE -5.07 FINANCIAL
42 LABL -5.07 FINANCIAL
43 SHG -5.05 FINANCIAL
44 TPGI -5.04 FINANCIAL
45 MET -5.02 FINANCIAL
46 AAT -5.00 FINANCIAL
47 LAZ -4.92 FINANCIAL
48 COWN -4.91 FINANCIAL
49 IBN -4.91 FINANCIAL
50 OZM -4.90 FINANCIAL
Today’s Worst Performing Foreign Financials:
No. Ticker % Change Industry Market Cap
1 DB -6.77 Foreign Money Center Banks 52,860,000,000
2 NBG -6.15 Foreign Money Center Banks 6,210,000,000
3 BCS -5.95 Foreign Money Center Banks 47,100,000,000
4 STD -5.94 Foreign Money Center Banks 96,000,000,000
5 LYG -5.76 Foreign Money Center Banks 49,970,000,000
6 AIB -5.06 Foreign Money Center Banks 2,180,000,000
7 ITUB -4.21 Foreign Money Center Banks 102,640,000,000
8 UBS -3.85 Foreign Money Center Banks 67,090,000,000
9 WBK -3.72 Foreign Money Center Banks 70,740,000,000
10 CS -3.62 Foreign Money Center Banks 45,720,000,000
11 GGAL -3.09 Foreign Money Center Banks 1,810,000,000
12 HBC -2.17 Foreign Money Center Banks 174,630,000,000
No. Ticker % Change Industry Market Cap
1 BBVA -7.08 Foreign Regional Banks 49,400,000,000
2 IRE -3.77 Foreign Regional Banks 1,400,000,000
3 BBD -3.65 Foreign Regional Banks 76,450,000,000
4 BMA -3.50 Foreign Regional Banks 2,340,000,000
5 BPOP -3.44 Foreign Regional Banks 2,820,000,000
6 HDB -3.08 Foreign Regional Banks 28,150,000,000
7 SHG -2.95 Foreign Regional Banks 22,760,000,000
8 BFR -2.91 Foreign Regional Banks 1,840,000,000
9 IBN -2.33 Foreign Regional Banks 27,640,000,000
At this point it really doesn’t matter which way the crisis in Greece goes. The worlds confidence has fallen as bond markets have shown more alarm and the GIIPS have been forced a bailout. Government debt situations and the banking industry and heavily linked GLOBALLY, and more is likely to come (MF GLOBAL).
The fall in confidence has led to a convincing bailout but weaknesses in the Eurozone will still remain. Money is already fleeing the Eurozone, the dollar only an alternative. The Swiss Franc and the Yen are no-longer safe-havens because their central banks have intervened to artificially weaken those currencies.
Today the U.S. dollar is the only really liquid place for cash to go. Greece can get a bailout but she will weaken tomorrow.
The EU has no choice but to leave Greece bankrupt and in chaos. Modern Greece has not been much of a democracy in the last 60 years. Confidence is down. When they re-print the Drachma to pay bills, hyper inflation will be terrible, “contagion” is worse.
“This is a question of whether we remain in the euro zone. This is very clear. It’s clear to everyone” – PapandreouIn Belgian, Capital Shortfall, Cataclysm, Culture, default, Economic Institutions, Environment, European Union, Financing Reconstruction, FX, Global Economics, latin america, macroeconomic factors, MF Global, Multibillion, Nuclear, philanthropy, price volatility in energy, Regulatory demands, selective default, spillover effect, Turbulent Markets on November 3, 2011 at 3:44 am
Ok, here is the itinerary: The ECB is meeting on November 3rd. The G20 is meeting on November 3-4, The Papandreou is attending on the 2nd day. A Eurogroup meeting will follow on November 7th, followed by an EU Ecofin meeting on November 8.
The Troika was meant to disburse the sixth tranche of the first program in the first or second week of November, as Papandreou returns from G20 weaker we may not see this funding pass.
EU banks have received a short period of relief from the unpleasant sovereign debt crisis of the GIIPS. As bank shares recovered from political efforts to provide a comprehensive program for resolving the crisis. The recent 29% writedown on Greek debt held by the private sector and a plan to help support bank racapitalisation by 106 billion euros by the end of June. Days following this deal and many assurences that investors would be 100% capable of raising equity, the MF Global bankruptcy this monday proves different.
This after Bernanke reassured congress in July that US banks exposure to troubled EU nations was “quite small.”
These writedowns and restructures are not enough, the EU does not have “months” to vote on approval. Markets are down accross the board. A decision must be made immediately. It looks as though Greece will be ejected from the Euro using the bail out fund to partially compensate the banks holding Greek debt within EU.
Since 1990, the poverty rate in Brazil has halved, declining on average by 1.2% a year. This year Brazil’s economy is forecast to grow by 3.6%. Brazil is on track to overtake Britain to become the sixth largest economy in the world.
With a GDP per person, at around $11,000, Brazilhas been growing at an average annual rate of 1.7% since 1990. Nevertheless, despite these government led initiatives further action is needed. 8.5% of Brazil’s population still live on less than $1.50 a day.
When people are disatisfied with a reality they try to change what is within their hands.
Toyota: Evacuation of employees at car plants that make braking and suspension systems.The factory in Miyagi, was destroyed.
Nissan: 1500 Infiniti automobiles were destroyed at the ports.
Sapporo: The beer brewer’s Sendai plant was destroyed.
Sony: Plants that manufacture magnetic tapes, blu-ray disks, batteries, and rd offices were severely damaged.