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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Chispas who wrote (42582)12/11/2005 3:36:17 PM
From: mishedlo  Respond to of 116555
 
Huge explosion in the middle of the UK.
news.bbc.co.uk

Comment from Plunger who lives in the UK...

I just filled up the car - pump prices are already being marked up.
Plunger.



To: Chispas who wrote (42582)12/11/2005 4:17:24 PM
From: mishedlo  Respond to of 116555
 
Secret Laws?
This story is peculiar as I think it is reasonable for airlines to ask for IDs. I was not aware there was a "secret law" governing the procedure.

"I was glad the government admitted it was 'peculiar' and Orwellian to make secret laws," Gilmore said.

The Justice Department has said it could identify the secret law under seal, which would be available to the 9th Circuit but not necessarily Gilmore's lawyers. But any public description would not be permitted, the department said.

news.com.com



To: Chispas who wrote (42582)12/11/2005 4:34:32 PM
From: mishedlo  Respond to of 116555
 
Is real estate still a good investment?

Ask the Pro: David Lereah
Chief Economist, National Association of Realtors
Newsweek

[The pro says it's not a bubble but a balloon - and not to worry - Mish]

Message 21962427

Mish



To: Chispas who wrote (42582)12/11/2005 5:01:43 PM
From: mishedlo  Respond to of 116555
 
Fed's `Accommodation' on Interest Rates May End Tomorrow, Bond Firms Say
bloomberg.com

``The critical issue for them is whether to describe monetary policy as accommodative, or somewhat accommodative, some nuance change that makes it clear that they've done a lot and it is time to think about slowing the pace,' the New York-based Berner said.

The following are the results of the survey, conducted from Dec. 5 to Dec. 9.

Drop Drop June 30
Firm Measured? Accommodation? Target

ABN Amro N Y 4.75%
BNP Paribas N N 4.75%
Banc of America Y Y 4.75%
Barclays Capital N N 4.75%
Bear Stearns N N 5.00%
CIBC World Markets N Y 4.50%
Citigroup N Y 4.50%
Countrywide N N 4.50%
CSFB Y Y 5.00%
Daiwa Y Y 5.00%
Deutsche Bank N N 5.00%
Dresdner N N 4.75%
Goldman Sachs N Y 5.00%
HSBC N Y 4.50%
JPMorgan Chase N N 5.00%
Lehman Brothers N Y 5.00%
Merrill Lynch N/A N/A 4.50%
Mizuho Y Y 4.50%
Morgan Stanley N N 4.75%
Nomura Y Y 4.75%
RBS Greenwich N N 5.00%
UBS Securities Y Y 4.50%

4.75 - 7
5.00 - 8
4.50 - 7
4.25 - 0

The average financial institution says 3 more hikes by June.
Will there be a mad scramble to get into treasuries if the FED pauses early or a panic spike higher first?

Mish



To: Chispas who wrote (42582)12/11/2005 6:43:33 PM
From: mishedlo  Read Replies (3) | Respond to of 116555
 
Flint's Final Death Rattle?
globaleconomicanalysis.blogspot.com
Mish

PS: Mucho thanks to Chispas for the post that spawned this.



To: Chispas who wrote (42582)12/11/2005 8:24:48 PM
From: mishedlo  Read Replies (2) | Respond to of 116555
 
Saudis tackle extremism through medium of TV
A ground-breaking television series in which repentant radical Islamists reveal what they call the "deceit of jihad" is captivating Saudi Arabia, the kingdom that produced 15 of the September 11 plane hijackers.

The five-part series, Deceit in the Name of Jihad, is being aired in prime time on Saudi state television and the satellite channel, Al Arabiya. It includes interviews with Saudis who claim to have fought alongside Muslim fanatics in Afghanistan and Iraq before realising they had been "brainwashed" by al-Qaeda recruiters.

The show is the most dramatic example of the about-face by Saudi authorities who, after years of sweeping aside fears over locally bred terrorism, are tackling the issue head-on.
The participation of so many Saudis in the September 11 2001 attacks on America, followed by the kingdom's violent two-year battle with domestic terrorists, has persuaded authorities to bring the campaign against extremism to the television screen.

news.telegraph.co.uk



To: Chispas who wrote (42582)12/12/2005 12:41:32 AM
From: mishedlo  Respond to of 116555
 
Kuwait oil
dailystar.com.lb