I warned about this before, the Euro banks are in trouble, and the connections to the US financial system are uncertain. This article talks about how US money markets have been pulling out of Euro banks. This, plus the weaker economic numbers are hurting the stock market. And Germany's GDP growth slowed to 0.1%, and they were the "strong" economy.
"LONDON (Reuters) - The U.S. Federal Reserve Bank is taking a closer look at the U.S. units of Europe's biggest banks, concerned that a euro zone debt crisis could spill into the U.S. banking system, the Wall Street Journal reported.
The $2.5 trillion U.S. money market funds industry -- which supplies short-term dollar funding to banks -- has retreated from the euro zone in recent months, concerned that the continent's debt crisis is spiraling out of control."
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
About time. Stockbrokers can tell their clients for only so long that things are rosie when they aren't.
IN NOVEMBER 2014, WE HAVE A GOLDEN OPPORTUNITY TO CLEAN OUT THE ENTIRE HOUSE AND ONE-THIRD OF THE SENATE! DONT BLOW IT!
“When white man find land, Indians running it, no taxes, no debt, plenty buffalo, plenty beaver, clean water. Women did all the work, Medicine man free. Indian man spend all day hunting and fishing; all night having sex. Only whit man dumb enough to think he could improve system like that.” Indian Chief Two Eagles
The news is (from what I heard) is a bank borrowed funds overnight at a higher rate than what the going rate is I think they said the rate is .77 and they borrowed 500 mil at 1.1% And this has caused rumors of another Lehman coming up because that means they were desperate to borrow.
Nothing to worry about here. Actually I am not too worried, I am still slowly entering the market.
You have some cahones my friend
I'd agree there. Nothing could get me within 100 miles of the stock market these days. Or maybe ever again. The only business I will invest in is my own.