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Bilious backlash


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Posted

Early openers heading south: Kiwis -0.3%, Aussies -0.2%, Nikkers flat and Sth Korea -0.2%.

 

Aussie sectors at a standstill: Financials -0.7%, IT -0.6% and at the green end Telecomms the highest +0.5%.

 

 

t?s=%5ENZ50

 

 

t?s=%5EAORD

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Posted

Australia shares soft after GDP data confirms Q1 weakness

 

MELBOURNE, June 1 (Reuters) - Australian stocks eased on Wednesday as banks sank and miners struggled to sustain gains after data confirmed the economy contracted 1.2 percent last quarter, its biggest quarterly drop since 1991, as floods cut exports.

 

Economists said interest rate hikes were still likely this year as the economy would quickly rebound from the first-quarter hit but the next rate move may be pushed out.

 

"Since the last (central bank) board meeting most of the economic indicators have been on the disappointing side so I think the RBA will be inclined to just wait and see for a little longer," said Besa Deda, chief economist at St George bank

Posted

w?s=%5EAORD

 

 

Yo-yo action for All Ords which finished flat. Sectors barely moved ranging from Materials/Telecomms +0.4% down to Financials -0.5%.

 

Asia similarly muted: China and Honkers -0.3%, Nikkers and India +0.3%.

 

 

On to UK/Europe:

 

 

image;size=239x110

 

 

 

image;size=239x110

 

 

 

image;size=239x110

Posted

From the Department of Parading Your Ignorance:

 

 

http://www.washingtonpost.com/business/economy/house-rejects-proposal-to-raise-debt-ceiling/2011/05/31/AGVISkFH_story.html?hpid=z1

 

:huh:

 

Seriously?

 

You're a "senior government bond strategist" and you didn't even fornicateing know there was a vote?

 

The House of Representatives on Tuesday defeated a bill to raise the debt limit

 

http://www.reuters.com/article/2011/05/31/us-usa-debt-vote-idUSTRE74U76I20110531

 

"The Treasury Department has been tapping alternate funding sources, such as federal employee pensions, to cover its obligations since the debt limit was reached on May 16, but has warned it will run out of options if Congress does not act by August 2.

 

"For now, markets are little concerned by the possibility of default on what is viewed as one of the world's safest investments. Yields on the benchmark 10-year Treasury bond reached a new 2011 low earlier in the day and traders predicted even lower yields later in the week."

 

All this "debt limit" talk sounds like bear baiting.

 

The hunting kind

 

HPIM0816(2)__1171053945_206_172_65_40.jpg

Posted

Japan was US commercial real estate in the 1980's

 

as China is to Vancouver now

 

Q.E.D.

 

So, Short Vancouver is the trade?

Posted

NOKIA

 

Holy sh_t

 

That's why you, almost never, buy the first dip

 

I'll be going in...eventually....maybe....I think.....uhhhh :wacko:

 

post-6859-1306931356186.gif

Posted

NOKIA

 

Holy sh_t

 

That's why you, almost never, buy the first dip

 

I'll be going in...eventually....maybe....I think.....uhhhh :wacko:

 

post-6859-1306931356186.gif

 

"WHO CLASSIFIES RADIOFREQUENCY ELECTROMAGNETIC FIELDS AS POSSIBLY CARCINOGENIC TO HUMANS"

 

Couldn't be related to this news...Keep that

cell phone attached to your ear.

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