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Great Graphic: Bank Exposure to European Debt

June 02, 2012
For those of you who (unlike my brilliant webmaster) are not off to the American Craft Brew Fest today, here is a great [interactive] graphic from Reuters on bank exposure to European Debt. You'll have to click on the link to see it. Happy Saturday!
Great Graphic: Bank Exposure to European Debt Great Graphic: Bank Exposure to European Debt Reviewed by magonomics on June 02, 2012 Rating: 5
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Great Graphic: European PMI Readings

June 01, 2012
Here is a Great Graphic from the Financial Times.  It captures the weakness in the core, as in Germany, France and the Netherlands.  It also underscores the problem Spain faces.  Its PMI was below Greece's.  The prospects for such a weak economy can only make its regional and banking problems more acute.  Ireland is the strongest, but given th…
Great Graphic: European PMI Readings Great Graphic: European PMI Readings Reviewed by Marc Chandler on June 01, 2012 Rating: 5
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Dollar Comes Back

June 01, 2012
The US dollar is recovering from the earlier QE and G7 speculation.   The dollar's price action is a bit like a beach ball brought underwater.   Even if I am wrong about QE (that it is unlikely), the fact of the matter is that China, Australia, the ECB and the BOE will respond before the Federal Reserve.  
In addition, while the US employment d…
Dollar Comes Back Dollar Comes Back Reviewed by Marc Chandler on June 01, 2012 Rating: 5
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Shockingly Poor US Employment Data

June 01, 2012
The US employment report was simply terrible. Adding insult to injury, the April data were revised lower as well. The dollar initially firmed, but as participants consider the risks of QE3, the upside momentum stalled.
Non-farm payrolls rose 69k, less than half of what was expected and the April job growth was cut to 77k from 115k initially. T…
Shockingly Poor US Employment Data Shockingly Poor US Employment Data Reviewed by Marc Chandler on June 01, 2012 Rating: 5
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News Stream Poor, Look Out Below

June 01, 2012
It is difficult to envisage a poorer stream of news that the market received earlier today.   Weak reports increase the prospects of a policy response soon.  China could cut reserve requirements this weekend.  Next week the RBA, ECB and BOE meet and the risks have increased for for action.  The issue in Australia is between a 25 and 50 bp cut.  T…
News Stream Poor, Look Out Below News Stream Poor, Look Out Below Reviewed by Marc Chandler on June 01, 2012 Rating: 5
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