World economy talk

[Ry_Tower]

WTI support



laki na ng binaba

very little downside pressure left

watch the dollar

with the current investigation (in the US) due to price speculation illegally affecting oil prices, can we expect it to support the dollar to be stronger in the coming days/weeks? laki ng possible penalty eh.

[uls]

that investigation has no effect on the dollar

what's affecting the dollar is the European sovereign debt crisis

stronger dollar puts pressure on commodities

if the dollar does move higher, oil isnt gonna go where Goldman said it will go

[uls]

like i said -- watch the dollar

USD index


dollar down, WTI up

[uls]

[uls]

FT.com / Capital Markets - China to buy Europe bail-out bond

China to buy Europe bail-out bond

By Peter Spiegel in Luxembourg
Published: May 25 2011 18:00 | Last updated: May 25 2011 18:00
Asian investors including the Chinese government are expected to represent a “strong proportion” of the buyers of Portuguese bail-out bonds when the eurozone’s €440bn rescue fund begins auctioning them next month, according to senior fund officials.

Klaus Regling, chief executive of the European Financial Stability Facility, told reporters on Wednesday that Beijing was “clearly interested” in the Portuguese auctions and that he expected China to participate.

however, forexlive says:

http://www.forexlive.com/blog/2011/0...-anything-new/

China News Is Not Anything New
By Sean Lee || May 26, 2011 at 01:48 GMT
|| 9 comments || Add comment
The fact that China might or will buy Portugese bail-out bonds is nothing new. The market has probably been caught short EUR/USD in particular and is using this ‘news’ as an excuse to trigger short-covering stops.

[uls]

uls: (page 101)

we'll be ok

the Phil. economy is powered by domestic consumption

the Phils. imports almost everything

to pay for imports, the Phils. relies on OFW dollars

so as long as OFWs keep sending dollars, the Phils. will be ok

ahem

Banks cut remittance outlook | ABS-CBN News | Latest Philippine Headlines, Breaking News, Video, Analysis, Features

Banks cut remittance outlook

By Jun Vallecera, Business Mirror
Posted at 05/26/2011 9:33 AM | Updated as of 05/26/2011 11:08 AM


MANILA, Philippines - The influential Bankers Association of the Philippines (BAP), scaling down forecasts that overseas Filipino worker remittances would grow at double-digit rates this year, indicated on Wednesday that it was now anticipating a growth of just 5% to 6%.

The forecast of BAP president Aurelio Montinola III, also the top honcho of the Bank of the Philippine Islands, closely hews to that made earlier by Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr., that the remittances should grow by some 7%, or around $19 billion.

These readings validated what analysts, like Sherman Chan at HSBC, have said remittances from overseas Filipinos have slowed down significantly and have larger macroeconomic implications down the line.

ya we'll be ok

hehe

[Ry_Tower]

uls: (page 101)



ahem

Banks cut remittance outlook | ABS-CBN News | Latest Philippine Headlines, Breaking News, Video, Analysis, Features



ya we'll be ok

hehe

hehe, kala ko bad news na eh. Sa laki ng remittance nila a 5-6% will be ok na rin.

[uls]

Eurogroup's Juncker said the IMF may not give Greece the next tranche of its bailout funds next month

[uls]

US 10 yr yield

[uls]

[ame="http://www.youtube.com/watch?v=L3mOrrjc8TY"]YouTube - ‪Pimco's Bill Gross says savers are at a disadvantage for years‬‏[/ame]

[uls]

grabe dollar bloodbath today

[Ry_Tower]

grabe dollar bloodbath today

but will it be continuous or just short term? any idea master uls?

[uls]

ey huwag po master. uls lang po

--

long term dollar ugly

but euro also ugly

i dont know

--

Belgium's Dexia has problems

[tidus1203]

Gold na lang bilin nyo, maniwala kayo sakin over the long term that's the place to be and not any paper money. Ok din Silver kaso ang choppy sobra so for the newbies baka masuka sila sa roller coaster ride. Pero sanay na ako dyan!

If you still insist on paper money, buy the Canadian, the Swiss, and the Aussie...

[uls]

So far here's the situation with Greece

Greece govt will soon run out of cash (probably end of June)

Greece is supposed to get another tranche of bailout money from the IMF and EU

but Greece hasnt met IMF requirements (austerity measures, asset sales) so the IMF might not release the money to Greece

1/3 of the bailout money comes from the IMF, 2/3 from EU governments

if the IMF doesnt release the money, the EU will have to shoulder the whole thing

question is if the EU will shoulder the whole thing

bottom line: if Greece doesnt receive bailout money by the end of June, it will default

[Monseratto]

bottom line: if Greece doesnt receive bailout money by the end of June, it will default

Will it reach to this point?

Unless Athens receives the next €12-billion loan instalment, Greece would “most likely” go bankrupt, Finance Minister George Papaconstantinou said in a TV interview earlier this week. “The country would stop paying salaries, pensions and its other expenses. The shutters would come down.”

Economists and analysts think the Greek privatizations are both essential and too ambitious. They note that Greece’s historic privatization efforts have been largely unsuccessful and the new effort is already being fiercely resisted by opposition parties and the unions.

“You have very powerful unions who have a very cozy life because of government ownership,” said Michael Mitsopoulos, an economist in Athens for the Association of Greek Industries. “They won’t be happy to accept their loss of privilege.”

[uls]

Will it reach to this point?

it could. their asset sales won't raise enough cash. if they don't get the next bailout installment, they won't be able to make interest payments on loans

stop interest payment, extend maturity, debt reduction are all default events

[uls]

Greece now top sovereign default risk

[jhnkvn]

Boom! EU racing to draft second Greek bailout - Google Finance (my go-to-site for my stock research)

[uls]

risk on

euro strengthens against the USD on news the EU will bailout Greece again