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- mcdoomer commented Feb 2, 2012
Canada can double the corporate tax rate and still be very competitive. Greece, Portugal, etc, can't. Canada can go a long way to correct anything. PIIGS are pretty stretched as they are already.
Greece warns it will soon be in "condition of absolute poverty"
- mcdoomer commented Jan 13, 2012
Isnt portugal already at junk level? What's the point? These agencies just keep trying to justify their existance. The market is the only "rating agency" out there.
Market talk of S&P downgrade for France, Spain, Italy, Belgium, Portugal and Austria at 1900GMT -...
- mcdoomer commented Jan 13, 2012
EUR devaluation already paying of. QE3 getting more likely.
Euro area external trade surplus 6.9 bn euro
- mcdoomer commented Jan 11, 2012
MEPs opinion is useless.
ECB must do more to prevent 'cataclysmic' euro collapse-Fitch
- mcdoomer commented Jan 9, 2012
Wifey tried to be too smart and ended up being stupid. Too bad for Phillipp. He was a good chief.
SNB Chairman, Philipp Hildebrand, resigns with immediate effect
- mcdoomer commented Jan 6, 2012
TradeK got it right. Can let the euro run amok and compete for cheap exports. Exports vs EZ hurt each time the pair goes under 1.3. It could be slam dunk for Bernanke. More steroid induced growth.
Dudley Says 'Appropriate' to Consider More Monetary Easing
- mcdoomer commented Jan 4, 2012
We know this since August. Move along, nothing to see.
Greek PM: Country Faces Risk Of Disorderly Default In March
- mcdoomer commented Jan 4, 2012
traider, Portugal for the most part didnt had a housing bubble. Inflation adjusted prices are only 15% higher in comparison to 20 years ago. Only very few areas in the country had a housing bubble. There's little new construction and even less new ...
Greeks, Italians moving cash out of banks
- mcdoomer commented Jan 4, 2012
It was a political choice. It screams "neither FR nor DE rule the ECB". Smokes and mirrors.
Draghi risks German anger with appointment of Praet as ECB economics chief
- mcdoomer commented Dec 20, 2011
Hmm. France using Fitch to pressure Germany the same away US uses S&P/Moody to pressure EZ, the same way Republicans use S&P to press Obama. When will someone please shutdown these corrupt and useless institutions?
Fitch says EFSF's 'AAA' rating depends on France remaining as 'AAA'
- mcdoomer commented Dec 20, 2011
In March 2009 he was 2.2B underwatter in GE and guess what... url Read and weap. Buffet knows what he's doing. He's better than most economists in the world. He's human, he'll fail, he has failed. But a lot less than most.
Warren Buffett is $1.5 billion underwater on his Bank of America stock
- mcdoomer commented Dec 20, 2011
The logic of the ECB is quite simple: 3 years of bank lending at almost nothing, banks to buy mostly 3 year bonds at high yields, banks make a lot of money, are able to hedge more risk and can buy some 10 year bonds as well. Will it work? Time will ...
Italian and Spanish government bond yields fall
- mcdoomer commented Dec 16, 2011
Do people actually take heed anything these rubbish media outlets vomit?
France is staring into the abyss over eurozone crisis
- mcdoomer commented Dec 15, 2011
Noyer's just frustrated he can't print money like the BoE.
UK 'should be downgraded' before France, says ECB's Christian Noyer
- mcdoomer commented Dec 14, 2011
TraderUSA, you are out of your mind. It would be nice of you to present your humble apologies to BusinessWeek, and any other member you might have mislead with your nonsense. Europe has been in the top 3 trading partners of the US since the 18th ...
A totally unexpected way the European crisis could slam US GDP
- mcdoomer commented Dec 5, 2011
In Sicily a public servant can retire at 45. Beat that
Italy's welfare minister cries while announcing cuts
- mcdoomer commented Dec 5, 2011
In 20 years time, any random biotech company, like Biotime, Osiris, etc, will discover how to stop human tissue aging. That will change the landscape of pensions forever. We either speed up the space colonization program pretty fast, or we're going ...
Italy's welfare minister cries while announcing cuts
- mcdoomer commented Dec 5, 2011
I wouldn't mind having my country governed by EU unelected technocrats. All our "electable" options are corrupt beyond redemption. That's the scenario for all PIGS, so only the northern countries are the most politicaly hurt with this. This article ...
Fiskalunion is worst of all worlds for Europe
- mcdoomer commented Nov 30, 2011
I was long betting on a good ADP number, but heck, christmas came early. Just closed all longs a few minutes ago. Caching!
FED, ECB, BOJ, BOE, SNB, Bank of Canada lower swap rates
- mcdoomer commented Nov 30, 2011
I keep saying this and sounding like a broken record. The only countries that benefited from the EZ were Germany, Netherlands and Finland. But now they refuse to pay up the benefits. Pay for it, or end it. No more free rides.
Talk of ECB lending money for Italy to IMF, according to sources