what bank, public company, country, is going to do anything but lie, when it comes to being insolvent?
you can't make that insolvent info public and expect to go surprise bk and reorganize. haven't we had enough examples these last few years, to not believe anything said by anyone that is having financial issues?
Post by Small Biz Owner on Sept 13, 2011 13:03:40 GMT -5
Analysts: China Unlikely to Rescue Italy Wall Street Journal - Dinny Mcmahon, Tom Orlik - ý20 minutes agoý China's government isn't likely to ride to the rescue of the debt-hobbled Italian government, analysts said, and buyer interest in an Italian bond auction was decidedly lackluster after news of meetings between Chinese sovereign-wealth officials
Italy not to be saved?
More Americans live in poverty CNN - Annalyn Censky - ý18 minutes agoý NEW YORK (CNNMoney) -- Amid a still struggling economy, more people in America fell below the poverty line last year, according to new census data released Tuesday.
These are are future consumers?
Best Buy shares hit by sales fall BBC News - ý41 minutes agoý Shares in US electronics retailer Best Buy have fallen 7% after it reported another decline in sales. Excluding new store openings, its US sales fell 2.7% in the three months to 27 August from a year earlier, the fifth quarterly decline in a row.
Post by Small Biz Owner on Sept 14, 2011 8:33:30 GMT -5
So the Dow should be falling because of Best Buy? What about the 29 other companies in the Dow?
You mean the the other 30?, Best Buy is not even in the DOW.
My point is that consumers are cutting back, being laid off again, and have less to spend. Markets are supposed to be forward looking. Based on forward looking information the data and the rally yesterday do not correlate.
S&P downgraded Italy earlier today. Where is China?? FtSE and Dax are both up today. Somebody here want to redo a PIIGS thread going forward? Would be nice to have one thread pertaining to Europe, the Euro and the markets again. Thoughts?
Post by Small Biz Owner on Oct 7, 2011 9:09:26 GMT -5
The Eurozone is teetering and ready to fall. The implications are yet to be known. What we have now are bankrupt governments, trying to financially back almost bankrupt banks, who are pledging to bailout the bankrupt governments.
Post by Small Biz Owner on Nov 4, 2011 5:24:05 GMT -5
And the EU keeps saying that is all settled. LMAO Greceis spending $1.54 for every dollar they bring in. Even if the full austerity plan is implemented they still will be running a debt load of $1.27 for every dollar they are bringing in with future declining incomes.
Then it gets really good. because Italy and Spain are in the same sinking boat.
"Italy until July had managed to skirt the worst of the fallout from the debt crisis. $1.20 in debt for every $1.00 it brings in. While its budget gap was 4.6 percent of GDP in 2010, debt will reach 120 percent this year.