By Mark Deen and Simone Meier
http://www.bloomberg.com/news/2012-03-01/europe-factory-report-shows-region-trailing-as-joblessness-rises-economy.html

The ISDA Of March

By Stephen Pope

http://www.forbes.com/sites/stephenpope/2012/03/01/the-isda-of-march/

ISDA SAYS NO PAYOUT ON GREEK CDS (YET)

By Simone Foxman

http://www.businessinsider.com/isda-says-no-payout-on-greek-cds-2012-3

Greek 1 Year Bond 80% Away From 1000%

http://www.zerohedge.com/news/greek-1-year-bond-80-away-1000

Q&A: Greece's 'credit event' and ISDA

The International Swaps and Derivatives Association governs a market worth $700 trillion (£439tn), more than 10 times the size of the global economy – but why is it in the news?

http://www.guardian.co.uk/business/2012/mar/01/greece-credit-event-default-q-a

Greece PMI..............."OH CRAP"!!!!!!!

Eurozone manufacturing contracts for seventh month

The eurozone's manufacturing sector contracted for the seventh straight month in February, with factories in the bloc's struggling indebted states facing some of the toughest conditions on record, a business survey showed on Thursday.

http://www.telegraph.co.uk/finance/financialcrisis/9115206/Eurozone-manufacturing-contracts-for-seventh-month.html

Greek manufacturing slump deepens

http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_01/03/2012_430560

Greece Posts Brutally Low PMI Figure

http://247wallst.com/2012/03/01/greece-posts-brutally-low-pmi-figure/

Greek manufacturing slump deepens in Feb: PMI

http://www.ibtimes.com/articles/307253/20120301/greek-manufacturing-slump-deepens-in-feb-pmi.htm

Euro Zone Factory Activity Falls; Periphery Pain Intense

http://www.foxbusiness.com/economy/2012/03/01/euro-zone-factory-activity-falls-periphery-pain-intense/

German manufacturing sector growth slows in Feb: Purchasing Managers Index

http://economictimes.indiatimes.com/news/international-business/german-manufacturing-sector-growth-slows-in-feb-purchasing-managers-index/articleshow/12096290.cms

Middle-Class Welfare State Is Invisible by Design: Ezra Klein

By Ezra Klein
http://www.bloomberg.com/news/2012-03-01/middle-class-welfare-state-invisible-by-design-commentary-by-ezra-klein.html

And this is WHY America is looking at Gross Debt to GDP at 102.5% and Going HIGHER!!!!!!!

http://www.usdebtclock.org/

Euro zone puts Greece's efforts under microscope

By Luke Baker and Jan Strupczewski

http://www.reuters.com/article/2012/03/01/us-eurozone-greece-bailout-idUSTRE8200SE20120301

You Folks in Greece are Totally SCREWED!!! IS the EURO Worth it?????????

GREECE BACKS NEW PENSION REFORMS

http://www.therealnewsmatters.com/2012/03/you-folks-in-greece-are-totally-screwed.html

What a "SCREW JOB" by ISDA!!!!!!!!!

Greece Default SWAPS Don’t Have to Pay: ISDA

By Abigail Moses

http://www.bloomberg.com/news/2012-03-01/greek-default-insurance-doesn-t-need-to-pay-out-after-bailout-isda-says.html

Greece Default SWAPS Don’t Have to Pay:ISDA

By Abigail Moses
http://www.businessweek.com/news/2012-03-01/greece-debt-insurance-doesn-t-have-to-pay-out-isda-says

No Greek CDS payout on swap, panel says

Investors will have more opportunities to argue ‘credit event’ occurred

By William L. Watts

http://www.marketwatch.com/story/no-greek-cds-payout-on-swap-panel-says-2012-03-01

Morning papers: Bundesbank at odds with ECB over loans

The morning headlines brought to you by Investment Adviser: Thursday, March 1 2012.

By Bradley Gerrard

http://www.ftadviser.com/2012/03/01/investments/economic-indicators/morning-papers-bundesbank-at-odds-with-ecb-over-loans-Of88So4WyZuxAfDiaSnzrN/article.html

Goldman Backpedals On Housing Recovery, Delays "Housing Bottom" Forecast To Mid-2013

http://www.zerohedge.com/news/goldman-backpedals-housing-recovery-delays-housing-bottom-forecast-mid-2013

Foreclosure Homes Hit 24% of U.S. Purchases

By Dan Levy

http://www.bloomberg.com/news/2012-03-01/foreclosures-rise-to-24-of-u-s-home-purchases-as-short-sales-increase.html

U.S. Housing IS still SCREWED and America's BIGGEST BLACKHOLES, "Fannie and Freddie" are still BLEEDING $$$BILLIONS!!!!!!!!

http://www.therealnewsmatters.com/2012/02/u_29.html

HOLY CRAP!!!!!!!!!!!!!!

As ISDA Sits To "Find" If Greek CDS Triggered, It Gets Second Greek Default Determination Request

http://www.zerohedge.com/news/isda-sits-find-if-greek-cds-triggered-it-gets-second-greek-default-determination-request

ISDA Determinations Committees (effective 30 November 2011)

http://www.isda.org/dc/committees.html#EMEA

This is somewhat different query from the one currently being discussed, although both fundamentally address Section 4.7:

http://www.isda.org/uploadfiles/_docs/PAI_for_Issue_No_2012022401.pdf

MARCH Could be FILLED with a "WHOLE Lot of FAT FINGERS"!!!!!!!!!!!!!!

Banks tally up Greek debt insurance payouts

How Greece’s default could kill the sovereign CDS market

ISDA will evaluate potential credit event on March 1

http://www.therealnewsmatters.com/2012/02/march-could-be-filled-with-whole-lot-of.html

Goldman, JPMorgan Post Identical Swap Exposure to Europe Nations

Five major US banks control 97% of the $200 TRILLION Dollar Derivatives Market

http://www.therealnewsmatters.com/2012/02/goldman-jpmorgan-post-identical-swap.html

ISDA Determinations Committee Accepts Question Related to a Potential Hellenic Republic Credit Event

LONDON, February 28, 2012 – The International Swaps and Derivatives Association, Inc. (ISDA), as secretary to the Determinations Committees (the DCs), today announced that a question relating to a potential credit event with respect to the Hellenic Republic has been submitted to, and subsequently accepted for consideration by, the EMEA Determinations Committee.

http://www.therealnewsmatters.com/2012/02/isda-determinations-committee-accepts.html

Tensions Raise Specter of Gas at $5 a Gallon

By CLIFFORD KRAUSS

http://www.nytimes.com/2012/03/01/business/energy-environment/tensions-raise-specter-of-gas-at-5-a-gallon.html

No Easy Fix for Gas Prices

By: Peter_Schiff

http://www.marketoracle.co.uk/Article33363.html

"HISTORY Repeats"

Protect your investments from oil shocks

By John Wasik

http://www.reuters.com/article/2012/02/27/column-wasik-idUSL2E8DNEEH20120227

Obama's Gas Line

By Ralph R. Reiland
http://spectator.org/archives/2012/03/01/obamas-gas-line

The Costs of Refined Products from Crude Oil is about to get even more Expensive IF the LIBERALS in Washington MAKE this Happen...........

Amid rising gas prices, Obama to call for vote on killing oil tax breaks

By Ben Geman
http://thehill.com/blogs/e2-wire/e2-wire/213527-obama-to-demand-capitol-hill-vote-on-killing-oil-tax-breaks

And you Folks in the UK, You have MORE PAIN coming your way TOO!!!!!!!

AS You can SEE, "BIG Government"Ain't Your Friend!!!!!!!!

BOE’s Miles Says Inflation Will Slow on Job Cuts, Spare Capacity

By Scott Hamilton
http://www.bloomberg.com/news/2012-03-01/boe-s-miles-says-inflation-will-slow-on-job-cuts-spare-capacity.html

You Folks in Greece are Totally SCREWED!!! IS the EURO Worth it?????????

GREECE BACKS NEW PENSION REFORMS

http://www.express.co.uk/posts/view/305370/Greece-backs-new-pension-reforms

EU summit: Greek parliament backs bailout cuts

Greek MPs have backed the last major package of reforms promised in return for a second EU/IMF bailout, hours before EU leaders meet in Brussels.

http://www.bbc.co.uk/news/world-europe-17219379

Greece Approves Cuts in Pensions and Health Care

By Bhaskar Prasad:

http://www.ibtimes.com/articles/307248/20120301/greece-approves-cuts-pensions-health-care.htm

Socialism without Guns

By Larrey Anderson
http://www.americanthinker.com/2012/03/socialism_without_guns.html

"As their economic orgy fades to its inevitable end, the people of Greece find themselves in a country that resembles more of a debtor's prison than a representative democracy. The Greeks have sold their freedom for a mess of pottage. If the United States is not careful, we could soon find ourselves in a very similar situation."

Cuts drive Greek unemployment to record high

(Reuters) - Greece's jobless rate rose to a fresh record of 20.9 percent in November, highlighting the pain imposed by austerity on ordinary Greeks as the country negotiates a new pain-for-gain package with its EU and IMF lenders.

http://www.reuters.com/article/2012/02/09/us-greece-unemployment-idUSTRE8180PI20120209

Greek unions hit back at wage cuts

http://www.skynews.com.au/topstories/article.aspx?id=724136&vId=

Greek parliament approves health cuts

Lefteris Papadimas,
https://news.google.com/news/story?pz=1&cf=all&ned=us&hl=en&q=Unemployment+Europe&ncl=dz5Pq_yTDrIKtLMmqEDn37Rn7p4VM&cf=all&scoring=n&start=30

Euro-Area Inflation Accelerates on Energy Cost

By Simone Meier
http://www.bloomberg.com/news/2012-03-01/euro-area-inflation-accelerates-on-energy-cost.html

German Inflation Unexpectedly Accelerated in February

By Jeff Black
http://www.bloomberg.com/news/2012-02-28/german-inflation-unexpectedly-accelerated-in-february-on-energy.html

Crude Oil And Inflation Economic Crisis

By: Andrew_McKillop

http://www.marketoracle.co.uk/Article33376.html

Oil Surge to Record Endangers Europe’s Growth Dash: Euro Credit

By Anchalee Worrachate and Grant Smith
http://www.bloomberg.com/news/2012-02-29/oil-surge-to-record-endangers-europe-s-growth-dash-euro-credit.html

Unemployment is going to make Austerity a Very Bitter Pill to Swallow!!!!!!!!!!

Only 54% Of Young Adults In America Have A Job

http://www.zerohedge.com/news/only-54-young-adults-america-have-job

Euro unemployment hits new high in January

By PAN PYLAS, Associated Press – 22 minutes ago
http://www.google.com/hostednews/ap/article/ALeqM5hAXMggXvSm-r4MXvRtRlX-03pjNQ?docId=3d6d8a542727449388015f6d6e4ff53d

Eurozone unemployment hits new peak

http://www.belfasttelegraph.co.uk/news/world-news/eurozone-unemployment-hits-new-peak-16124732.html

Eurozone unemployment rate hits record 10.7% in January

http://economictimes.indiatimes.com/news/international-business/eurozone-unemployment-rate-hits-record-10-7-in-january/articleshow/12097148.cms

Eurozone unemployment hits 10.7 percent in January, highest since euro established in 1999

http://www.washingtonpost.com/world/eurozone-unemployment-hits-107-percent-in-january-highest-since-euro-established-in-1999/2012/03/01/gIQAn270jR_story.html

Wednesday, February 29, 2012

The State of the World: Explaining U.S. Strategy

http://www.stratfor.com/weekly/state-world-explaining-us-strategy?utm_source=freelist-f&utm_medium=email&utm_campaign=20120228&utm_term=gweekly&utm_content=readmore&elq=0bbb8842e8c842b8b2f08924148537a4

Iran: New Military Exercises, But No New Threat

http://www.stratfor.com/analysis/iran-new-military-exercises-no-new-threat

Greece's Crisis: Shifting from Financial to Political

http://www.stratfor.com/analysis/greeces-crisis-shifting-financial-political

Spain: PM Reduces Deficit Reduction Targets

http://www.stratfor.com/situation-report/spain-pm-reduces-deficit-reduction-targets

U.S. Naval Update Map Feb. 29, 2012

http://www.stratfor.com/image/us-naval-update-map-feb-29-2012

MARCH Could be FILLED with a "WHOLE Lot of FAT FINGERS"!!!!!!!!!!!!!!

For Greece, a critical conference call between London and New York

By Howard Schneider,

http://www.washingtonpost.com/business/economy/for-greece-a-critical-conference-call-between-london-and-new-york/2012/02/29/gIQAKqhDjR_story.html

Banks tally up Greek debt insurance payouts

By Douwe Miedema and William James

http://www.reuters.com/article/2012/02/29/us-greece-default-cds-idUSTRE81S1UJ20120229

ISDA will evaluate potential credit event on March 1

http://derivative-news.fincad.com/derivatives-news/isda-will-evaluate-potential-credit-event-on-march-1-2151/

How Greece’s default could kill the sovereign CDS market

By Felix Salmon

http://blogs.reuters.com/felix-salmon/2012/02/29/how-greeces-default-could-kill-the-sovereign-cds-market/

Hushed Up: Secret Panel Holds Fate of Greek CDS

BY KATY BURNE AND TOM LAURICELLA

http://online.wsj.com/article/SB10001424052970204571404577253781273708956.html

Holy CRAP!!!!!!!!

https://news.google.com/news/story?pz=1&cf=all&ned=us&hl=en&q=Greek+Default+Payouts+May+Bring+Some+Costly+Surprises&ncl=dRod-jMcOwQo-DMdF9f8UewWng2ZM&scoring=n

I found allot of this Interview worth the time to listen to.............

Fmr. Fed Gov. Kevin Warsh & the US Economy
http://video.cnbc.com/gallery/?video=3000076095

Fannie Mae Serious Delinquency rate declines, Freddie Mac rate increases
http://www.calculatedriskblog.com/2012/02/fannie-mae-serious-delinquency-rate.html

Monthly Volume Summaries

http://www.freddiemac.com/investors/volsum/

U.S. Housing IS still SCREWED and America's BIGGEST BLACKHOLES, "Fannie and Freddie" are still BLEEDING $$$BILLIONS!!!!!!!!

http://www.therealnewsmatters.com/2012/02/u_29.html

China Dumps $100+ Billion In USTs In December Per Revised TIC Data; UK Is Now Russia's Shadow Buyer

http://www.zerohedge.com/news/china-dumps-100-billion-usts-december-revised-tic-data-uk-now-russias-shadow-buyer

China’s Holdings of Treasuries Dropped in ’11

By Cordell Eddings and Daniel Kruger
http://www.bloomberg.com/news/2012-02-29/china-had-1-15-trillion-of-u-s-treasuries-in-december-revised-data-show.html

MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES

http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

America's Debt using $100 Bills to explain just how BIG "$15 TRILLION Dollars" IS. We have less than 3 YEARS to Solve Our Debt HELL or America WILL Be the NEXT Greece................

US Debt Stacked in $100 bills
http://demonocracy.info/infographics/usa/us_debt/us_debt.html

Gross Debt to GDP nearing 102.5%
http://www.usdebtclock.org/

Goldman, JPMorgan Post Identical Swap Exposure to Europe Nations

By Michael J. Moore and Christine Harper
http://www.bloomberg.com/news/2012-02-29/goldman-mirrors-jpmorgan-mirrors-goldman-on-swap-exposure-to-european-debt.html

And Folks, BofA through Merrill Lynch Also has a Huge Expose along with Morgan Stanley!!!!!

http://www.therealnewsmatters.com/2012/02/and-folks-bofa-through-merrill-lynch.html

Fed's Fisher: US Has Structural Problem In Banking System

Fed's Fisher: Top 5 U.S. banks should be broken up

http://www.therealnewsmatters.com/2012/02/feds-fisher-us-has-structural-problem.html

Five major US banks control 97% of the $200 TRILLION Dollar Derivatives Market

http://www.youtube.com/watch?v=2N-8QPzRZCs

Your going to Love Pages 12,13,14, and 16

OCC’s Quarterly Report on Bank Trading and Derivatives Activities
Third Quarter 2011
http://www.occ.gov/topics/capital-markets/financial-markets/trading/derivatives/dq311.pdf

The OCC’s quarterly report on trading revenues and bank derivatives activities is based on Call Report information provided by all insured U.S. commercial banks and trust companies, reports filed by U.S. financial holding companies, and other published data. The notional amount of derivatives held by insured U.S. commercial banks decreased $1.4 trillion, or 0.6%, from the second quarter of 2011 to $248 trillion. Notional derivatives are 5.7% higher than at the same time last year. Derivatives activity in the U.S. banking system continues to be dominated by a small group of large financial institutions. Five large commercial banks represent 96% of the total banking industry notional amounts. Insured commercial banks have more limited legal authorities than do their holding companies.

Note: Graphs in this report show that the holding companies for the top five banks also control massive amounts of derivatives totaling $326 trillion! The holding companies JPMorgan Chase, BofA, Morgan Stanley, Citigroup, and Goldman Sachs have over $311 trillion in derivates, 95% of the total U.S. market. So these banks and their holding companies combined own $532 trillion in derivates, equivalent to roughly $75,000 for every person on the planet. What are the bankers doing?

ISDA Determinations Committee Accepts Question Related to a Potential Hellenic Republic Credit Event

http://www.therealnewsmatters.com/2012/02/isda-determinations-committee-accepts.html

Target...........Bank of America

MATT TAIBBI: The Mortgage Crisis Was Like Banks Selling Oregano And Calling It High Grade Weed

By Linette Lopez and Robert Johnson

http://www.businessinsider.com/matt-taibbi-the-mortgage-crisis-was-like-banks-selling-oregano-and-calling-it-high-grade-weed-2012-2

Fed's Fisher: US Has Structural Problem In Banking System

MEXICO CITY (Dow Jones)--Federal Reserve Bank of Dallas President Richard Fisher said Wednesday that the U.S. has a structural problem in its banking system, with a handful of big banks controlling much of the industry.

http://online.wsj.com/article/BT-CO-20120229-712197.html

Fed's Fisher: Top 5 U.S. banks should be broken up

* Fisher: Top banks now more powerful than before crisis
* Concerned by concentration of deposits
http://www.reuters.com/article/2012/02/29/us-banks-fisher-idUSL2E8DT7AP20120229

Fed's Fisher Slams Inaction By US Policymakers On Fisc Reform

https://mninews.deutsche-boerse.com/index.php/feds-fisher-slams-inaction-us-policymakers-fisc-reform?q=content/feds-fisher-slams-inaction-us-policymakers-fisc-reform

Fisher Says Fed Won’t Allow Inflation in Place of Sound U.S. Fiscal Policy

By Steve Matthews and Nacha Cattan
http://www.bloomberg.com/news/2012-02-29/fisher-says-fed-won-t-allow-inflation-in-place-of-sound-u-s-fiscal-policy.html

S&P:"Credit Event has Happened"

Now what to do with ALL those "Credit Default Swaps"??????????

S&P Says Greece Could Shake Default in March

Feb. 28 (Bloomberg) -- Moritz Kraemer, head of sovereign ratings at Standard & Poor’s, discusses Greece's "Selective Default" status and the risk of a debt restructure in Portugal. He talks with Bloomberg Television's Linda Yueh.

http://www.bloomberg.com/video/87283730/

ECB’s Special Greek Lender Status Risks Investor Retaliation: Euro Credit

By John Glover and Abigail Moses
http://www.bloomberg.com/news/2012-02-28/ecb-special-lender-status-threatens-backlash.html

The Great "Credit Freeze of 2012" in Europe IS Coming!!!!!!!!!

http://www.therealnewsmatters.com/2012/02/great-credit-freeze-of-2012-in-europe.html

Today's Video Interview with Jane Foley and it to is a Must WATCH..............She gets it!!!

Rabobank's Foley on Portugal Bonds, Europe Crisis

Feb. 29 (Bloomberg) -- Jane Foley, a senior currency strategist at Rabobank International, talks about Portuguese bonds and Europe's sovereign-debt crisis. The European Central Bank was said to purchase government bonds for the first time in two weeks, buying short-dated Portuguese securities after they underperformed euro-area peers. Foley speaks with Tom Keene on Bloomberg Television's "Surveillance Midday."

http://www.bloomberg.com/video/87404546/

Listen to this Lady...........She Gets it!!!!!!

Radio Interview with Jane Foley

http://www.therealnewsmatters.com/2012/02/listen-to-this-lady.html

Bernanke warns of slow progress ahead on jobs

By Mark Felsenthal and Pedro da Costa

http://www.reuters.com/article/2012/02/29/us-bernanke-idUSTRE81S16Y20120229

HIGHLIGHTS-Bernanke's Q&A testimony to House panel

http://www.reuters.com/article/2012/02/29/usa-fed-bernanke-idUSL2E8DT2MG20120229

Fed: Economy Expanded at ‘Modest to Moderate’ Pace

By Steve Matthews
http://www.bloomberg.com/news/2012-02-29/fed-says-u-s-economy-expanded-at-a-modest-to-moderate-pace-last-month.html

Economy expanding moderately: Fed Beige Book

http://www.4-traders.com/news/ECONOMY-EXPANDING-MODERATELY-Fed-Beige-Book--14154679/

More Liquidity Extraction: Fed Resumes Reverse Repos

http://www.zerohedge.com/news/more-liquidity-extraction-fed-resumes-reverse-repos

Ben Pulls The Punch Bowl - Market Unhappy

http://www.therealnewsmatters.com/2012/02/ben-pulls-punch-bowl-market-unhappy.html

Ben Bernanke plays down QE3 hopes

US investors had been hoping for a clear signal from Bernanke that QE3 - a third dose of quantitative easing - was on the way

http://www.guardian.co.uk/business/2012/feb/29/ben-bernanke-qe3-hopes-us-economy?newsfeed=true

Bernanke Comments Hurt Stocks, Treasurys; But Dollar Gains

NEW YORK -(Dow Jones)- The sense that they'd lost the "Bernanke put" sent financial markets into a spin Wednesday.

http://online.wsj.com/article/BT-CO-20120229-713984.html

The ECB beats Uncle Ben to the $3 TRILLION Dollar Mountain TOP..............

Ben Bernanke: "The ECB Is Well Capitalized"

http://www.zerohedge.com/news/ben-bernanke-ecb-well-capitalized

GREECE WILL Fail and BURN the Fools who thought they could Save a State that is Totally BROKE!!!!!!!!!

The Six Mistakes of Germany’s Finance Minister: Charles Wyplosz

By Charles Wyplosz
http://www.bloomberg.com/news/2012-02-18/the-six-mistakes-of-germany-s-finance-minister-charles-wyplosz.html

You Folks from Germany BETTER Read this!!!!!!!!!!! Merkel has SCREWED YOU with her desire to Salvage Greece and keep the EUROZONE together to maintain Germany's Competitive Advantage.

Goldman: Germany Is Now On The Hook By €1 Trillion (Or 40% Of GDP)

http://www.therealnewsmatters.com/2012/02/you-folks-from-germany-better-read-this.html

New Bailout Is a Reprieve for Greece, but Doubts Persist

By LANDON THOMAS Jr.

http://www.nytimes.com/2012/02/22/business/global/greece-dodges-bullet-with-new-bailout-but-doubts-remain.html

New Bailout Is a Reprieve for Greece, but Doubts Persist...............

"But analysts point out that the very practice of trying to analyze what a country’s debt will be eight years on is in itself flawed — as the I.M.F. has accepted in a recent report that explained how it missed debt explosions in Greece, Ireland and Iceland."

Modernizing the Framework for Fiscal Policy and Public Debt Sustainability Analysis

http://www.imf.org/external/np/pp/eng/2011/080511.pdf

"“This whole debt sustainability analysis is a joke,” said Charles Wyplosz, an international economist and critic of the I.M.F.’s ability to properly assess the long-term debt prospects of countries it lends to."

Debt Sustainability Assessment: The IMF
Approach and Alternatives

http://www.graduateinstitute.ch/webdav/site/international_economics/shared/international_economics/publications/working%20papers/2007/HEIWP03-2007.pdf

The Great "Credit Freeze of 2012" in Europe IS Coming!!!!!!!!!

Austrian Lending, Greek Debt Swap, Threadneedle: Compliance

By Carla Main
http://www.bloomberg.com/news/2012-02-27/austrian-lending-u-k-power-greek-debt-swap-threadneedle-compliance.html

Clem Chambers- Resetting the debt mountain

By Clem Chambers, CEO of leading stocks and shares site ADVFN.com and author of "101 Ways to Pick Stock Market Winners"
http://austriantimes.at/news/Blog/2012-02-22/39700/Clem_Chambers-_Resetting_the_debt_mountain

Hamish McRae: How the ECB's big bazooka saved the eurozone's banks – and may again

http://www.independent.ie/opinion/comment/hamish-mcrae-how-the-ecbs-big-bazooka-saved-the-eurozones-banks-and-may-again-3036256.html

I Love the way this GUY, Ambrose Pritchard WRITES!!!!!!

Draghi Bazooka has not yet stopped Club Med money collapse

By Ambrose Evans-Pritchard

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100015335/draghi-bazooka-has-not-yet-stopped-club-med-money-collapse/

Greek Bank Deposits Drop Further 3% in January

ATHENS (Dow Jones)--Greek bank deposits fell 3% in January, as uncertainty escalated over whether Greece will get vital bailout deal to avoid defaulting.

http://online.wsj.com/article/BT-CO-20120229-712222.html

Greek January Bank Deposits Fall Amid Bailout Brinkmanship

By Natalie Weeks and Christos Ziotis

http://www.bloomberg.com/news/2012-02-29/greek-bank-deposits-in-january-decline-to-169-billion-euros.html

Greek banks continue to hemorrhage deposits: ECB data

(Reuters) - Firms and consumers continued to pull their money out of Greek banks at a rapid rate in January, European Central Bank data showed on Monday, underscoring the ongoing lack of trust the country's banking system faces.

http://www.reuters.com/article/2012/02/27/us-ecb-banks-deposits-idUSTRE81Q0W920120227

Greek Bank Deposit Outflows Soar In January, Third Largest Ever

http://www.zerohedge.com/news/greek-bank-deposit-outflows-soar-january-third-largest-ever

Listen to this Lady...........She Gets it!!!!!!

Radio Interview with Jane Foley

Jane Foley, a senior currency strategist at Rabobank International in London, sees a'' muddling through scenario'' for the European debt crisis. Foley talks with Bloomberg's...

http://media.bloomberg.com/bb/avfile/News/First_Word/vNz.OaANXWwA.mp3

GREEK GDP "IS" So SCREWED for 2012. Unemployment WILL Overtake Spain as being Europe's Worse Labor Market.........

http://www.therealnewsmatters.com/2012/02/greek-gdp-is-so-screwed-for-2012.html

Ben Pulls The Punch Bowl - Market Unhappy

http://www.zerohedge.com/news/ben-pulls-punch-bowl-market-unhappy

Goldman's Take On Bernanke: "No Clear Easing Signal"

Fed’s Bernanke Prepared Remarks: No Clear Easing Signal

BOTTOM LINE: Chairman Bernanke cautious on economy in prepared remarks but notes better signs lately in labor markets. Prepared statement offered no clear signal about further easing.

http://www.zerohedge.com/news/goldmans-take-bernanke-no-clear-easing-signal

Gold, Silver Plunge As Fears Monetary Punchbowl Is Taken Away Spread

http://www.zerohedge.com/news/gold-silver-plunge-fears-monetary-punchbowl-taken-away-spread

THE MARKET HAS ONLY BEEN RALLYING BECAUSE OF THE FED PUMPING LIQUIDITY...

http://www.therealnewsmatters.com/2012/02/now-this-really-needed-to-be-said.html

U.S. Housing IS still SCREWED and America's BIGGEST BLACKHOLES, "Fannie and Freddie" are still BLEEDING $$$BILLIONS!!!!!!!!

Fannie asks gov't for almost $4.6B after 4Q loss

By DEREK KRAVITZ

http://www.mercurynews.com/business/ci_20069346

Fannie Mae reports fourth-quarter loss

By Andrew R. Johnson
http://www.marketwatch.com/story/fannie-mae-reports-fourth-quarter-loss-2012-02-29

The Bank Bailout's Ugly Stepsister: Fannie Mae Still Losing Billions

By Steve Schaefer
http://www.forbes.com/sites/steveschaefer/2012/02/29/the-bank-bailouts-ugly-stepsister-fannie-mae-still-losing-billions/

Fannie Mae Swings To 4Q Loss On Jump In Credit-Related Expenses

http://www.foxbusiness.com/news/2012/02/29/fannie-mae-swings-to-4q-loss-on-jump-in-credit-related-expenses/

Fannie: We Cut Off Bank of America

http://www.americanbanker.com/issues/177_41/fannie-mae-bank-of-america-1047056-1.html

House Price Graphs
http://www.crgraphs.com/2011/10/house-price-graphs.html

Not a Very Good Start for 2012 and Diesel Prices ain't Helping EITHER!!!!!!!!!

ATA Truck Tonnage Retreated 4% in January
http://www.truckline.com/pages/article.aspx?id=982%2F8e1c7279-ed27-4c03-b189-ceeee26bbb12

ATA Trucking index declined in January
http://www.calculatedriskblog.com/2012/02/ata-trucking-index-declined-in-january.html

Transportation Graphs
http://www.crgraphs.com/2011/09/transportation-graphs.html

Now this Really needed to be SAID!!!!!!!!

THE MARKET HAS ONLY BEEN RALLYING BECAUSE OF THE FED PUMPING LIQUIDITY...

By Joe Weisenthal

http://www.businessinsider.com/the-market-has-only-been-rallying-because-of-fed-pumping-liquidity-2012-2

Jim Rogers: I Don't Own Any U.S. Equities

http://video.cnbc.com/gallery/?video=3000075851

JIM ROGERS: Worry About 2013, Panic About 2014

By Mamta Badkar

http://www.businessinsider.com/jim-rogers-us-economy-obama-2012-2

The Real News Matters

This Blog is dedicated to the NEWS of the WEB that Matters but is Ignored by the Main Stream Financial and News Networks. My Hope is to Spread the Word that there is MORE "Risk" Facing the "Global Economy" than the Talking Heads on TV and OUR Fools in Washington want you to KNOW.

This "FAUX Economy" Will not Stand on its own without the FED and More than a FEW Market Experts have been sounding the Warning that MORE Pain is Coming!!!!

""***This Video should be watched by EVERY Reader that visits this Blog at least ONCE***""!!!

AC2011 Session 1.2 Come Undone: Kyle Bass redux
http://www.youtube.com/watch?v=xyzujydn2AU

Kyle Bass
October 1, 2012

AC2012 The Engtanglement KB

http://www.youtube.com/watch?v=JUc8-GUC1hY

This to is a Must Watch Video!!!

Dr. Michael J. Burry at UCLA Economics Commencement 2012

2012 UCLA Department of Economics Commencement featuring Dr. Michael J. Burry as keynote speaker

http://www.youtube.com/watch?v=1CLhqjOzoyE&feature=player_embedded#!

Inside Job, Narrated by Matt Damon (Full Length HD)

'Inside Job' provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Through exhaustive research and extensive interviews with key financial insiders, politicians, journalists, and academics, the film traces the rise of a rogue industry which has corrupted politics, regulation, and academia. It was made on location in the United States, Iceland, England, France, Singapore, and China.
http://www.theotherschoolofeconomics.org/?p=2499

*****For those who would like to use a Translator for easier READING here is a Tool from Google*****
http://translate.google.com/?hl=en&tab=wT

I Will UPDATE this Warning at EVER .5% INCREASE

U.S. Gross Debt to GDP 106.135% and ACCELERATING!!!
http://www.usdebtclock.org/

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Thursday, March 1, 2012

EUR Brent Takes Out All Time Highs

Oil highest since 2008 on Saudi pipeline report

Crude Tops $110 on Report of Saudi Pipeline Blast

By CHRISTIAN BERTHELSEN

Oil tops $110 amid talk of Saudi pipeline fire

By Laura Mandaro

Iran Media Report of Saudi Pipeline Fire Drives Oil Surge

Reuters

Saudi Explosion Reports Put Late-Day Charge Into Oil

By Brendan Conway

Oil rockets on word of Saudi pipeline explosion

Stocks Cut Gains on Saudi Pipeline Explosion Report

By: JeeYeon Park

Saudi Arabia's Eastern Revolution hits the oil sector: pipeline under fire

Saudi Oil Pipelines Destroyed In Explosion, Sends Crude Soaring

WTI Passes $110

Photo Of Pipeline Fire And Map Of Awamiya Region

Israel to Begin Investing Reserves in U.S Equities Today

Next Leg Of The Ponzi Revealed - Foreign Central Banks To Begin Buying US Stocks Outright Starting Today

One way or another, this WILL Cause a Sea Change in Available Credit in Europe.

The LTRO is nothing more than a Expensive PONZI SCAM that will salvage the EUROZONE Banks in 2012 because it covers the more than 500 Billion EUROs of Debt that has to ROLLED OVER this YEAR, but what about 2013?????????

The "2012 Recession" in Europe is going to CRUSH the Economies of Southern Europe and the PMI Reports today spells out what is happening NOW. There is NO Prospect for Growth this Year or NEXT if you have the Courage to Face the HELL that the "NEW Normal" is telling US.

More Liquidity to BANKS WILL NOT solve the Solvency Crisis that is Structural in nearly EVERY EUROZONE Member.

Disquiet within ECB laid bare after cash injection

By Eva Kuehnen

Watch As Near Free Money To Banks Fails To Prevent Nuclear Winter For European CRE

So, Can Europe Nationalize All Of Its Troubled Banks? Place Your Bets Here

Bill Gross: Greece 'Credit Event' Resolution Still Needed

PIMCO's Bill Gross comments on this morning's ruling by the International Swaps and Derivatives Association that Greece has not triggered a payout on credit default swaps by some of its recent moves preparing for a debt restructuring. "It's not over until it's over, there."

Cramer's Issues for the Street

Rick Santelli Nails the "Q" on ISDA

Weekly Jobless Claims Down

Greek CDS Not Triggered by Debt Swap Plan

Hey CNBC, while you were doing the "Happy Dance" on this mornings Auto Sales Numbers, here is a part of the Story YOU Failed to Report!!!!!!!!! There's a Whole Lot of Inventory being Built UP at a Time of "RECORD" Gas Prices this early in the Calendar Year.........

GM Channel Stuffing Soars To All Time High

Greek Economy Suffers Record Collapse In February

Greece PMI..............."OH CRAP"!!!!!!!

Eurozone manufacturing contracts for seventh month

The eurozone's manufacturing sector contracted for the seventh straight month in February, with factories in the bloc's struggling indebted states facing some of the toughest conditions on record, a business survey showed on Thursday.

ISM Manufacturing Misses Expectations

By Eric Platt

ISM Manufacturing index indicates slower expansion in February

ISM Misses Big

Personal Income increased 0.3% in January, Spending 0.2%

January Construction Spending CONTRACTS By 0.1%

By Simone Foxman

Goldman Lowers Q1 GDP Forecast To 2.0% From 2.3% On Weaker Consumer Data

U.S. Consumer Spending, Incomes Rise

Personal Income, Spending Come In Weaker Ahead Of Gasoline Price Shock

Folks EUROPE IS Heading for a "HARD Landing" and Greece is Totally SCREWED!!!!

Europe Factory Report Shows Region Trailing as Joblessness Rises: Economy

The ISDA Of March

By Stephen Pope

ISDA SAYS NO PAYOUT ON GREEK CDS (YET)

By Simone Foxman

Greek 1 Year Bond 80% Away From 1000%

Q&A: Greece's 'credit event' and ISDA

Eurozone manufacturing contracts for seventh month

The eurozone's manufacturing sector contracted for the seventh straight month in February, with factories in the bloc's struggling indebted states facing some of the toughest conditions on record, a business survey showed on Thursday.

Greek manufacturing slump deepens

Greece Posts Brutally Low PMI Figure

Greek manufacturing slump deepens in Feb: PMI

Euro Zone Factory Activity Falls; Periphery Pain Intense

German manufacturing sector growth slows in Feb: Purchasing Managers Index