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I was doing my normal weekend reading..just catching up with the activity from one of the most interesting weeks (few appreciate it though) after the week of Sep 15 2008..A few headlines caught my attention.. just sharing it over here for the interested lot if you have missed it!!
The world is getting an interesting place these days..


May 14 (Bloomberg) — French President Nicolas Sarkozy threatened to pull out of the euro unless German Chancellor Angela Merkel agreed to back the European Union’s bailout plan at a meeting last weekend in Brussels, El Pais newspaper said, citing comments Spain’s premier Jose Luis Rodriguez Zapatero made at a meeting of socialist politicians. The report didn’t say how it obtained the information.

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Now, about those DEM rumours
Posted by Izabella Kaminska on May 13 16:15.
Sovereign CDS spreads have been tightening.

As have financials’.

Italy’s bond auction was a success.

Even Greek bond spreads have been relatively calm.

And yet…the euro keeps tumbling.

So what’s troubling the market?

For one thing, there are repeated stories of mass gold purchases in Germany.

Secondly, there’s a truly bizarre rumour doing the rounds that German officials have already prepared for a “plan B” contingency involving the return of the Deutsche Mark as soon as this weekend.

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Dubai repays $980m Nakheel bond on time
Posted by Stacy-Marie Ishmael on May 14 19:40. 3 comments.
Finally, some good news:
May 13 (Reuters) – Dubai repaid a $980 million Islamic bond issued by developer Nakheel while another state-owned firm said it was confident of refinancing an upcoming loan as it digs out from a massive debt burden

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would love to get the comments from the motley intellectual crowd here..
rule: plz do not degenerate this thread into the normal crib/bashing thread so tht it gets pushed to the fight club

I surely didn't miss a thing of it!

I sold 30 percent of my gold mining stocks last thursday and got paid hansomly, and right again for moving into dollar currency to get some massive action from a collapsing euro value on friday. There is huge selling pressure from EUR into USD, CHF and NOK, as eurozone austerity measures are feeding deflationary pressures in Club MED euro economies. The €750 billion bailout of last Sunday didn't help either. We are going to see massive inflation in the future. Also, China's growth is decelerating as can be seen from lower appetite for iron ore and copper.

The one asset class that is outperforming every other is....Gold ! Made new record highs in Euro and Dollar currencies. And for the people who know about primary dealers and gold/silver suppression techniques, I recommend you to look at the JP Morgan commercial gold and silver net short positions. They are massive again, and gold still wants to rise! Short squeeze anyone?

Fear for contagion is back fooks. Lehman style. Duck and cover...

One has to follow the 'Golden Rule': "He who has the gold...rules!"

Personally I sold all my stocks in stocks. There has recently been a run on demand for this medieval system of constraint and public abuse of the criminal fraternity, particularly since the recent Conservative/LibDem election victory where this will now become the common punishment for minor demeanours such as stealing a cabbage or being ginger. I stand to make a killing as I was also fortunate enough to be pick up a 60% share option in a corporation that supplies rotten tomatoes and slightly soggy parsnips.

The Nakheel pay off has surely stopped a few sweaty brows here but was merely possible due to a straight forward cash loan from the Bur Dubai police station who collected this amount in bogus fines in the last week alone. They estimate that in the next 6 months, they will be able to pay off the entire national debt and by the end of next year, if they combine with Deira Police Station, they should be able to buy Sudan, Eritrea and Mali outright.

The value of the Euro continues to fall against the Matabele Bongo Bead as it is merely a device created by the French who didn't like the pictures on the Franc notes and was merely a two fingered gesture to the Germans. At least it rid us of those hideous plastic pop art notes that used to be found in the Nehterlands.




Knight

You gotta the love the world of finance.

Another one of the them social sciences. Fascinating