Stocks To Keep A Close Eye On

[MurAtt]

hmmm ... missed all the fun it seems ...

Down with fever since lasr 3 days ... today reading thread .. and that too is taxing ,, so will leave it for tomorrow ...

Good that many made profits ... and will becoe habit for them ...

 

[SavantGarde]

Hmmm.... PP was also not feeling well....

Anyways...watch Julio's Gozar La Vida... Music Video.... You will forget about that you were sick...

SavantGarde

hmmm ... missed all the fun it seems ...

Down with fever since lasr 3 days ... today reading thread .. and that too is taxing ,, so will leave it for tomorrow ...

Good that many made profits ... and will becoe habit for them ...

 

[gauharjk]

Hmmm.... PP was also not feeling well....

Anyways...watch Julio's Gozar La Vida... Music Video.... You will forget about that you were sick...

SavantGarde

That guy in the video has the best job in the world...

 

[gauharjk]

When Irish Eyes Are Crying

Source: http://online.barrons.com/article/SB50001424052970203984204575634692814629072.html?mod=BOL_twm_fs

In every European country with the euro and palm trees—and yes, Ireland has palm trees, though they aren't native to the old sod—there was a decade and more of grandiose prosperity. Their banks and their citizens were able to borrow in euros as if they were as creditworthy as German banks and citizens. Now, because the palmy countries had no such Teutonic discipline, they have a banking crisis, a real-estate crisis, a leverage crisis and a solvency crisis—and these crises also threaten the countries north and east of the palmy zone. All European countries, even those that do not play with the single currency, face a euro crisis.

For now, investors and speculators concentrate on Greece and Ireland, while keeping a wary eye on the other members of the infamous PIIGS—Portugal, Ireland, Italy, Greece and Spain. All the PIIGS used the credibility of the euro to borrow more than they could afford. The most prosperous euro countries were farmers after a fashion—they and their banks fed credit to the PIIGS and the other animals.

Now the PIIGS are going down like lambs to the slaughter, though not in letter order. The correct order seems to be Greece, Ireland, Portugal, Spain, Italy— followed by Everybody in Europe, or at least in the euro.

Bailing out Greece was a desperation move, an attempt to stop the contagion before it hurt a big country. Bailing out Ireland is rooted in the same desperation, with different circumstances.

Portugal is next, of course. What holder of Portuguese debt, governmental or private, would not sell it, were it not for the reasonable expectation that the solvent countries of the EU and IMF would support Portugal as they support Greece and Ireland?

"There is no need for help to Portugal," said the president of the European Union last week, echoing the protestations of soundness that lately were made for Ireland.

The denial all but assures the ultimate bailout of Portugal, another attempt to stop the contagion before it hurts a big country. But the first big country looms large: Cottages in Ireland are nothing compared with the castles in Spain that were built during the Spanish heyday of profligate banking.

Spain's economy, such as it is, is nearly twice as big as those of Greece, Ireland and Portugal combined. Already the market demands a record premium interest rate for lending to Spain and Spanish banks. And that's a record that can be broken easily.

 

[SavantGarde]

Gauhar,

This is what happens when you don't question what is written....for popular consumption.

Things are not as they are pictured in your post... workings in the background are lot more sinister...

Austerity Measures after a bail out simply means increase taxes, reduce government staff, slash pension & benefits etc..etc... only to ensure that the lenders get the higher interest rate and instalments are paid in time....

...you think the lenders are worried about the welfare of the citizens of the country.....these lenders are parasites of the worst kind one can ever come across.

Go back a few years to see how MNCs were falling over themselves in a bid to start Manufacturing units in Ireland... because of endless benefits.. from the country..... Look at the number of pharma companies having manufacturing units in Ireland.....

Anyways...this can go on endlessly.....but a little overview above should be enough for reasonably thinking person to get to the root cause...

SavantGarde

 

[DanPickUp]

Gauhar,

This is what happens when you don't question what is written....for popular consumption.

Things are not as they are pictured in your post... workings in the background are lot more sinister...

Austerity Measures after a bail out simply means increase taxes, reduce government staff, slash pension & benefits etc..etc... only to ensure that the lenders get the higher interest rate and instalments are paid in time....

...you think the lenders are worried about the welfare of the citizens of the country.....these lenders are parasites of the worst kind one can ever come across.

Go back a few years to see how MNCs were falling over themselves in a bid to start Manufacturing units in Ireland... because of endless benefits.. from the country..... Look at the number of pharma companies having manufacturing units in Ireland.....

Anyways...this can go on endlessly.....but a little overview above should be enough for reasonably thinking person to get to the root cause...

SavantGarde

Hi Savant

Any other ideas to get quick money if needed in a situation like Ireland is ?

Should the government there may not have thought about it before spending there money ? And the government was voted from the public.

No attacks to your comments, as I second your view about the lenders.

Just try to figure out, what is better. Think before you come in such a situation or be angry about the lenders, when in such a situation.

Dan

 

[gauharjk]

Hi Savant

Any other ideas to get quick money if needed in a situation like Ireland is ?

Should the government there may not have thought about it before spending there money ? And the government was voted from the public.

No attacks to your comments, as I second your view about the lenders.

Just try to figure out, what is better. Think before you come in such a situation or be angry about the lenders, when in such a situation.

Dan

In my opinion, this kind of borrow-and-spend behavior is entirely the fault of Keynesian economists who advice governments around the world to spend money. They say the country's economy would improve only if more money is spent. More the money spent, higher is the GDP.

And with easy access to Euros in the Euro zone, every government was compelled to do what their competing nations in the Euro zone were doing, i.e. Borrow and Spend.

Single currency for an entire group of diverse countries is a very bad idea.

Competition is good. So, competing currencies is a good thing. I believe even a single country should have multiple competing currencies, and not be dependent on a Fiat currency created by the Central bank.

India should have a currency backed by commodities which would compete with the Rupee in local and international markets. Competition is good.

 

[SavantGarde]

Anger is for those who are Ignorant...

Spend some time at "Articles Of Interest" which shall be completed in 14 months.... You will find answers... to most of your present & future queries

SavantGarde

Hi Savant

Any other ideas to get quick money if needed in a situation like Ireland is ?

Should the government there may not have thought about it before spending there money ? And the government was voted from the public.

No attacks to your comments, as I second your view about the lenders.

Just try to figure out, what is better. Think before you come in such a situation or be angry about the lenders, when in such a situation.

Dan

 

[DanPickUp]

In my opinion, this kind of borrow-and-spend behavior is entirely the fault of Keynesian economists who advice governments around the world to spend money. They say the country's economy would improve only if more money is spent. More the money spent, higher is the GDP.

And with easy access to Euros in the Euro zone, every government was compelled to do what their competing nations in the Euro zone were doing, i.e. Borrow and Spend.

Single currency for an entire group of diverse countries is a very bad idea.

Competition is good. So, competing currencies is a good thing. I believe even a single country should have multiple competing currencies, and not be dependent on a Fiat currency created by the Central bank.

India should have a currency backed by commodities which would compete with the Rupee in local and international markets. Competition is good.

Hi gauharjk

Here some thing a little bit more complicated.

I am not a financial minister of any country. On the other hand, I know one thing for sure : A government first spends money and a company first wants to make money. That is the reason, why governments get bank rot on the burden of there country citizens. We traders are little nonindependent company's.

Some government know where the limit is and some do not. One thing they do to check how far they can go is this : They know the private fortune of all there citizens. As a government recruits the money from its citizens, it has to be aware of this.

Compare now the sums of the private fortune in each country to the liabilities the country has and you see, how much space for the government is left to find new ways, to take away this private fortune from there citizens with taxes and what sh**** ever.

Take care

Dan

 

[deneb]

The Irish situation is very well explained by Paul Krugman

What we need now is another Jonathan Swift.Most people know Swift as the author of “Gulliver’s Travels.” But recent events have me thinking of his 1729 essay “A Modest Proposal,” in which he observed the dire poverty of the Irish, and offered a solution: sell the children as food. “I grant this food will be somewhat dear,” he admitted, but this would make it “very proper for landlords, who, as they have already devoured most of the parents, seem to have the best title to the children.”

O.K., these days it’s not the landlords, it’s the bankers — and they’re just impoverishing the populace, not eating it. But only a satirist — and one with a very savage pen — could do justice to what’s happening to Ireland now.

The Irish story began with a genuine economic miracle. But eventually this gave way to a speculative frenzy driven by runaway banks and real estate developers, all in a cozy relationship with leading politicians. The frenzy was financed with huge borrowing on the part of Irish banks, largely from banks in other European nations.

Then the bubble burst, and those banks faced huge losses. You might have expected those who lent money to the banks to share in the losses. After all, they were consenting adults, and if they failed to understand the risks they were taking that was nobody’s fault but their own. But, no, the Irish government stepped in to guarantee the banks’ debt, turning private losses into public obligations.

Before the bank bust, Ireland had little public debt. But with taxpayers suddenly on the hook for gigantic bank losses, even as revenues plunged, the nation’s creditworthiness was put in doubt. So Ireland tried to reassure the markets with a harsh program of spending cuts.

Step back for a minute and think about that. These debts were incurred, not to pay for public programs, but by private wheeler-dealers seeking nothing but their own profit. Yet ordinary Irish citizens are now bearing the burden of those debts.

Or to be more accurate, they’re bearing a burden much larger than the debt — because those spending cuts have caused a severe recession so that in addition to taking on the banks’ debts, the Irish are suffering from plunging incomes and high unemployment.

But there is no alternative, say the serious people: all of this is necessary to restore confidence.

Strange to say, however, confidence is not improving. On the contrary: investors have noticed that all those austerity measures are depressing the Irish economy — and are fleeing Irish debt because of that economic weakness.

Now what? Last weekend Ireland and its neighbors put together what has been widely described as a “bailout.” But what really happened was that the Irish government promised to impose even more pain, in return for a credit line — a credit line that would presumably give Ireland more time to, um, restore confidence. Markets, understandably, were not impressed: interest rates on Irish bonds have risen even further.

Does it really have to be this way?

In early 2009, a joke was making the rounds: “What’s the difference between Iceland and Ireland? Answer: One letter and about six months.” This was supposed to be gallows humor. No matter how bad the Irish situation, it couldn’t be compared with the utter disaster that was Iceland.

But at this point Iceland seems, if anything, to be doing better than its near-namesake. Its economic slump was no deeper than Ireland’s, its job losses were less severe and it seems better positioned for recovery. In fact, investors now appear to consider Iceland’s debt safer than Ireland’s. How is that possible?

Part of the answer is that Iceland let foreign lenders to its runaway banks pay the price of their poor judgment, rather than putting its own taxpayers on the line to guarantee bad private debts. As the International Monetary Fund notes — approvingly! — “private sector bankruptcies have led to a marked decline in external debt.” Meanwhile, Iceland helped avoid a financial panic in part by imposing temporary capital controls — that is, by limiting the ability of residents to pull funds out of the country.

And Iceland has also benefited from the fact that, unlike Ireland, it still has its own currency; devaluation of the krona, which has made Iceland’s exports more competitive, has been an important factor in limiting the depth of Iceland’s slump.

None of these heterodox options are available to Ireland, say the wise heads. Ireland, they say, must continue to inflict pain on its citizens — because to do anything else would fatally undermine confidence.

But Ireland is now in its third year of austerity, and confidence just keeps draining away. And you have to wonder what it will take for serious people to realize that punishing the populace for the bankers’ sins is worse than a crime; it’s a mistake.