World economy talk

[uls]

the ECB is the only game in town

Euro-Zone Counts the Cost of Survival - WSJ.com

The latest bill to save the euro zone from immediate collapse has arrived: €22 billion and counting.

That is how much the European Central Bank spent in the week ending Aug. 9 buying euro-zone government bonds. The ECB succeeded in its primary aim of calming the market. But the bigger question is whether and when the ECB can stop buying.

so much for EU's economic powerhouse

http://www.reuters.com/article/2011/...7JG0GZ20110816

German data showing GDP growth slowed to 0.1 percent in the second quarter, much less than a consensus forecast of 0.5 percent

^^

that's what happens to trade surplus economies when trade deficit economies slow down

[uls]

normally, apparel companies pay celebs to wear their stuff

how about an apparel company paying a celeb NOT to wear their stuff?

Investor Relations | Abercrombie & Fitch
News Release

ABERCROMBIE & FITCH PROPOSES A WIN-WIN SITUATION
New Albany, Ohio, August 12, 2011: Abercrombie & Fitch Co. (NYSE: ANF) today reported that it has offered compensation to Michael 'The Situation' Sorrentino, a character in MTV's TV show The Jersey Shore to cease wearing A&F products.
A spokesperson for Abercrombie & Fitch commented:

"We are deeply concerned that Mr. Sorrentino's association with our brand could cause significant damage to our image. We understand that the show is for entertainment purposes, but believe this association is contrary to the aspirational nature of our brand, and may be distressing to many of our fans. We have therefore offered a substantial payment to Michael 'The Situation' Sorrentino and the producers of MTV's The Jersey Shore to have the character wear an alternate brand. We have also extended this offer to other members of the cast, and are urgently waiting a response."

Abercrombie & Fitch
Brand Senses Department
(614) 283-6500

hahaha

amazing

[ame]www.youtube.com/watch?v=HSgp6Bn4h2w[/ame]

[Monseratto]

Like Aling Dionisia being associated with Hermes...

[uls]

Like Aling Dionisia being associated with Hermes...

ya Hermes should pay Aling D to stop using her Hermes bag hehe

[Ry_Tower]

Like Aling Dionisia being associated with Hermes...

:hysterical: ang lupit!

[uls]

from the SNB:

http://www.snb.ch/en/mmr/reference/p...0110817.en.pdf

Swiss National Bank intensifies measures against strong Swiss franc

The measures taken thus far by the Swiss National Bank (SNB) against the strength of the Swiss franc are having an impact. Nevertheless, the Swiss franc remains massively overvalued. The SNB has therefore decided to expand again significantly the supply of liquidity to the Swiss franc money market. In so doing, it is increasing the downward pressure on money market interest rates with a view to further weakening the Swiss franc exchange rate. With immediate effect, it aims to expand banks’ sight deposits at the SNB further, from CHF 120 billion to CHF 200 billion. In order to achieve this new target level as quickly as possible, it will continue to repurchase outstanding SNB Bills and to employ foreign exchange swaps. Furthermore, the SNB reiterates that it will, if necessary, take further measures against the strength of the Swiss franc.

money market rates? that's it? where's the euro peg?

oh well

[tidus1203]

Those are just rhetoric that central banks use around and toss around to somehow scare the markets and weaken the currency, there is no Euro peg. Its just empty words...

[uls]

[uls]

US 10 yr yield

[uls]

now Kodak is selling its patents

Kodak Explores Patent Sale - WSJ.com

Kodak Explores Patent Sale

Eastman Kodak Co. has kicked off its patent sale, as the beleaguered imaging company seeks to ride the bull market for patents and capitalize on its intellectual property in the booming market for tablet computers.

Kodak said it was exploring the possible sale of 10% of its patent portfolio, or 1,100 digital patents.

Interdigital

http://www.reuters.com/article/2011/...77G40Y20110817

Apple, Qualcomm, others eye InterDigital

(Reuters) - Apple Inc, Nokia and Qualcomm Inc are among several technology companies pondering bids for InterDigital Inc, sources familiar with the situation said.

Bidders have been eager to get their hands on the company's 8,800 patents -- including crucial 3G and 4G/LTE patents to strengthen operating software for smartphones.

[Ry_Tower]

Looks like Apple is really capitalizing on its cash horde.

[tidus1203]

Prepare for a big drop in the US markets, DJIA futures down 211. Major European stock markets down 2% - 3.75%...

[uls]

as usual it's concern over eurozone banks

socgen


unicredit

[tidus1203]

Ganda ng chart mo uls ah, pansin ko auto-update hahaha

Anyway GOLD!!!!

$1821/oz!!!!!

[Monseratto]

bloodbath! everything down 4%...banks taking a beating.

[uls]

Ganda ng chart mo uls ah, pansin ko auto-update hahaha

only the best for our thread

[tidus1203]

Decline:Advance ratio at the NYSE...

30:1

[uls]

again... US 10 yr yield



for a while the 10 yr yield was below 2%

that's below Lehman-panic era

[uls]

earlier tonight -- Philly Fed business activity index -30.7 from +3.2 a month ago

far below expected +3.7

[uls]

Greece bailout 2.0 in trouble

some EU countries asking Greece for collateral

no collateral no bailout