Monday, June 11, 2012

DailyMarkets.com - The Tradegy Of The Common Currency

DailyMarkets.com - The Tradegy Of The Common Currency

The Tradegy Of The Common Currency

Posted: 11 Jun 2012 07:22 AM PDT

When too many own something
They all own nothing
Free riders abound
So it is with the Euro
No matter how sound

With a license to borrow
Borrow they did
It wasn't too hard
With a shared credit card

The Greeks now regret
Running up so much debt
The creators of math
Strayed from the path
Of Maastricht Convergence

They created democracy
But fell into hypocrisy
As each tried to exist
At the other's expense

A tragic divergence
From the path of convergence
Deficits between 13 and 3
Percent of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Relief Rally Fades Rapidly As Questions Linger Over Spanish Bailout

Posted: 11 Jun 2012 06:25 AM PDT

Fundamental Headlines
- Greek Blackouts Risked as Power Companies' Cash Runs Out – Bloomberg
- Italy Moves into Debt-Crisis Crosshairs after Spain – Bloomberg
- Spain Told it will be Under "Troika" Supervision – Reuters
- Euro Drifts Lower – WSJ
- Market Euphoria Starts to Wane – WSJ
Asian/European Session Summary
“I think we came out of the financial crisis, that confidence is restored and we are in the process of economic recovery.” – Former French President Nicolas Sarkozy, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The “You’re Not Special” Commencement Address

Posted: 11 Jun 2012 06:05 AM PDT

The video above is the teacher address at this year’s Wellesley High School (Massachusetts) commencement, given by English teacher David McCullough Jr.  Some excerpts are featured below from what is being called the “You’re Not Special Commencement Address” (full text available here):

“Each of you is dressed, you'll notice, exactly the same. And your diploma… but for your name, exactly the same. All of this is as it should be, because none of you is special. You are not special. You … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Volume At The NYSE

Posted: 11 Jun 2012 05:30 AM PDT

06/11/12 NYFP’s “This Week in Wall Street History”: This week, Alan Valdes discusses the topic of volume on the floor of the NYSE. He discusses not just it’s origin, but historical volume moments as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street’s “Macaroni Defense”

Posted: 11 Jun 2012 12:00 AM PDT

06/11/12 NYFP’s “Wall Street Liungo”: This week, we discuss the origina nad meaning behind the Wall Street term ‘Macaroni … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodities Rise On Spain Bank Bailout But Gains May Prove Fleeting

Posted: 11 Jun 2012 02:00 AM PDT

Talking Points

Crude Oil, Copper Follow Stocks Higher on Spain Bailout and Chinese Trade Data
Gold and Silver Find Support as Risk-on Mood Saps Haven Demand for US Dollar

Commodity prices are on the upswing to start the trading week amid a broad-based recovery in risk appetite after Spain successfully lobbied for a €100 billion EU aid package to recapitalize its banking sector over the weekend. Sentiment-linked crude oil and copper are following stocks higher while gold and silver are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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