Spain ‘will need extra bail-out’

Spain ‘will need extra bail-out’

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• SimEurope
• Two reasons markets’ focus will remain on Spain next week – Credit Agricole
• Spain ‘will need extra bail-out’
• ECB and Fed actions not game changers, just deja vu of failed policies – BofA Merrill
• ECB in ‘panic’ says former chief economist Juergen Stark
• Gold seen luring wealthy as central bankers expand stimulus
• US Senate Passes FY’13 Stop-Gap Spending Bill, Sending To Obama
• THE NEXT PANIC!!!!
• Presidential race changes, but swing states stay the same
• Four reasons why Romney might still win
• The drugs don’t work: a modern medical scandal
• Upcoming Italian electoral campaign: The air pocket to hit euro in Q1 2013 – JP Morgan

SimEurope Posted: 23 Sep 2012 01:55 AM PDT ‘Some fantasies for the future of Europe may cause more problems than they solve’

Two reasons markets’ focus will remain on Spain next week – Credit Agricole Posted: 23 Sep 2012 01:50 AM PDT Oh goody

Spain ‘will need extra bail-out’ Posted: 22 Sep 2012 03:08 PM PDT ‘A bank-by-bank test of financial stability due on Friday is expected to conclude that Spains’ lenders are dangerously over-burdened with toxic debts and need to be recapitalised, restructured or shut down’

ECB and Fed actions not game changers, just deja vu of failed policies – BofA Merrill Posted: 22 Sep 2012 12:17 PM PDT Oh dear Deja vu all over again then……..

ECB in ‘panic’ says former chief economist Juergen Stark Posted: 22 Sep 2012 11:34 AM PDT Juergen being Juergen

Gold seen luring wealthy as central bankers expand stimulus Posted: 22 Sep 2012 10:47 AM PDT Inflation hedge innit

US Senate Passes FY’13 Stop-Gap Spending Bill, Sending To Obama Posted: 22 Sep 2012 08:20 AM PDT –Senate Approves Stop-Gap Spending Bill on 62 to 30 Vote –President Obama Set To Sign Stop-Gap Spending Bill –Congress Abandons DC For Campaign Trail By John Shaw WASHINGTON (MNI) – The Senate approved early Saturday morning the 2013 fiscal year stop-gap spending bill that will fund the federal government for six months. After a week of partisan bickering, the Senate approved the bill on a 62 to 30 vote. The House approved the stop-gap spending bill last week on a 329 to 91 vote. Now that the measure has cleared the Senate, it will go to President Obama for his signature. Passage of the stop-gap bill ensures the government will be funded until next spring. The FY’13 stop-gap spending bill funds the government through March 27, 2013. The 2013 fiscal year begins Oct. 1 and so far Congress has passed none of the 12 spending bills for the coming fiscal year The House concluded its pre-election agenda on Friday and the Senate leaves town Saturday. Both chambers are expected to reconvene around Nov. 13, the week after the Nov. 6 elections. ** MNI Washington Bureau: (202) 371-2121 ** [TOPICS: M$U$$$,MFU$$$,MCU$$$]

THE NEXT PANIC!!!! Posted: 22 Sep 2012 05:13 AM PDT ‘Europe’s crisis will be followed by a more devastating one, likely beginning in Japan’ Oh dear

Presidential race changes, but swing states stay the same Posted: 22 Sep 2012 04:40 AM PDT Nat Silver’s political calculus in The New York Times.

Four reasons why Romney might still win Posted: 22 Sep 2012 04:18 AM PDT My bookie remains unconvinced, indeed they think the Republican candidate is toast.  They’ve moved the price on a Romney victory out to 3/1 from the previous 11/4.  Obama is a strong 1/4 odds on favourite.

The drugs don’t work: a modern medical scandal Posted: 22 Sep 2012 03:50 AM PDT That is some scary shit!!

Upcoming Italian electoral campaign: The air pocket to hit euro in Q1 2013 – JP Morgan Posted: 22 Sep 2012 03:41 AM PDT The Italian elections, due April 2013, do pose event risk for the euro going forward.  Probably not next week though Something to bear in mind.  Tuck it away in the back of the old brainbox