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War, War, War
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Title: Ten Things You Need to Know Before the Opening Bell
Source: [None]
URL Source: http://finance.yahoo.com/tech-ticke ... topStories&pos=8&asset=&ccode=
Published: May 25, 2010
Author: .
Post Date: 2010-05-25 08:33:24 by PSUSA
Keywords: None
Views: 351
Comments: 20

From The Business Insider, May 25, 2010:

Good morning. Here's what you need to know:

• Asian markets fell significantly overnight due to increasing geopolitical fears associated with the Korean Peninsula. European markets are also down hard in early trading on similar news, as well as concerns over the Spanish banking system. U.S. futures are down ahead of today's trading day.

• Case-Shiller housing data is released at 9 AM EST. See the numbers as they are released live at The Money Game >

• Tensions are escalating on the Korean Peninsula as both North and South Korea prepare for war. The North has threatened to destroy the South's propaganda speakers at the DMZ, and is preparing its troops for war.

• The situation in Thailand has returned to calm for now, but the country is now charging former Prime Minister Thaksin Shinawatra with terrorism for his relationship with the protest movement in the country. The fighting has left an official total of 88 dead. Click here for a primer on the Thai situation >

• Concerns over the Spanish banking sector have led to further weakness in the euro and European exchanges as the IMF called for swift consolidation of the country's banking sector. Over the weekend, Spanish bank CajaSur was bailed out and just yesterday several Spanish banks were partially merged. Here's why the Spanish economy is about to get gored >

• All of this uncertainty in Europe is leading to a difficult credit situation for the continent's banks where the cost of lending between them is rising. The main concern is dollar borrowing in the short term, which now costs European banks more than their Asian and Americas counterparts. Check out these 12 charts on the crisis in European banking >

• Credit is not just becoming tighter in Europe, but worldwide, as investors are now beginning to fear the threat of European debt contagion and a potential double-dip recession. U.S. government debt is now showing some signs of the distress.

• The CEO of AIA, the Asian division of AIG, has said he will quit if the company's takeover by the UK's Prudential goes through. He sees the deal as "unworkable."

• BP has come under further pressure this morning for the slow progress of its cleanup and attempts to stop the flow of oil coming out of the Deepwater Horizon leak. The company has offered $500 million to research the damages of the spill. See our latest update of where the oil slick is headed >

• Markets seem to be predicting an Australian interest rate cut as a result of a slowing economy brought down by a drag on the country's mining sector. The country, which was an early rate hiker, is now likely to cut rates.

• Bonus: Kim Kardashian has admitted to plastic surgery, but only a little botox. She has denied ever having her "nose done."

Poster Comment:

WOW! What "news"! That (imo) vile skank kardashian getting botox is a STUNNING admission. Someone get a rope! String her up! .

Post Comment   Private Reply   Ignore Thread  

Begin Trace Mode for Comment # 6.

#1. To: PSUSA (#0)

That Kardashian person I'd never heard of until a couple of months ago. Saw a picture of her on a market tabloid while in a check out line and for the life of me I have no idea what the hell I'm supposed to find so fascinating about her.

Not that I care mind you.

North and South Korea are in some serious sabre rattling right now. I really hope things settle down, the last thing the world needs is another major war.

SonOfLiberty  posted on  2010-05-25   9:20:33 ET  Reply   Untrace   Trace   Private Reply  

North and South Korea are in some serious sabre rattling right now.

I'm having trouble coming up with a single motive for NK to sink the SK warship. That honestly doesn't make sense.

Pinguinite  posted on  2010-05-25   9:47:30 ET  Reply   Untrace   Trace   Private Reply  

The leader of North Korea is and has historically been an absolute nut job. He's not a well person, at all, in any sense. Looking for a reason for his actions is like trying to have a reasoned logical argument with a beligerent bipolar person who has rage issues.

SonOfLiberty  posted on  2010-05-25   9:56:28 ET  Reply   Untrace   Trace   Private Reply  

an absolute nut job

on the other hand, this is a nice excuse to trash the stock markets, which drives the price of oil down, which will be a good thing if the price of oil doubles when israel attacks iran.

but maybe the main reason for trashing the stock markets, is: destroying demand for oil disguises the fact that peak oil production was the neocons' motive to stage 9/11, and any action that lowers the price of oil makes those dots --- peak oil to 9/11--- harder to connect.

the markets have to crash sometime because production of oil ---the lifeblood of what-passes-for western civilization--- has peaked, and it's best we crash the markets a little at a time, and with the max amount of control, instead of letting nature take its course.

maybe this exercise can be blown up into an excuse to nuke china... what do you think "nuclear primacy" is about?

as usual, there are probably competing factions within the powers-that-be, each faction attempting to exploit the situation to its own advantage.

groundresonance  posted on  2010-05-25   10:11:41 ET  Reply   Untrace   Trace   Private Reply  

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