Gingrich the MAN ? - Republican Race

RCP: Reports on its average of the polls for the Republican race, as of now former Speaker of the House Newt Gingrich leads the pack, here is today’s snapshot of the race, “ Gingrich 23.2%, Romney 21% and Cain 18.2% ”. Lets be honest here folks, the others in the race can be discounted, Perry is a busted flush, first impressions count, and his bad debate performances and his support for allowing illegal immigrants to go to University has not played well with the Republican race. Thus we come to the two man race between Gingrich and Romney, the Cain Campaign has never really come back from the sexual allegations against, not fair but that is politics folks. It can be argued that Governor Romney has to be careful, he has allowed his challengers to self explode on the campaign trail, but Gingrich is different, he had awful start but has come back, plus his personal baggage is well known to the press and to the voters. Romney has to take Gingrich on, he has started this with his attack on the Gingrich appeal for a humane approach to immigration, this attack might work well with the base, on the other hand the base wants someone who can win, they might think Gingrich taking on the base might work well in the General Election, thus give him a pass on this policy. The Speaker has to careful, he as come across as the most intelligent man in the room, but in this modern election cycle you have to be brief and to the point, he would defeat Obama in debates, but he as to get there first, so it could be either Gingrich or Romney folks, six weeks to go before Iowa.

Obama and the Polls

RCP: Reports on its average of the job performance polls for President Obama, today POTUS has a 43.4% Approval rating, while 49.9% Disapprove of the Obama record. Thus next year is going to be tough for the Chicago Re-Elect Committee folks, the economy is still in a hole, the unemployment rate hovers at around 9%, the US has a debt of 15 trillion, the crisis of the Eurozone could send Europe and the US in to recession or depression. On the international front there is the looming crisis of Iran, Syria could have a full scale civil war, Afghanistan is on going, plus there is always the risk of major terrorist attack. The Obama Oval faces its major victory on the Hill, ObamaCare going before the US Supreme Court, could go either way folks. Thus expect the Windy Cit to go nasty next year folks, that is Chicago politics.

The White House on Egypt

The White House: A Press release by the White House Press Secretary on the crisis in Egypt. The White States the following on the crisis, “ The United States strongly believes that the new Egyptian government must be empowered with real authority immediately. We believe that Egypt’s transition to democracy must continue, with elections proceeding expeditiously, and all necessary measures taken to ensure security and prevent intimidation. Most importantly, we believe that the full transfer of power to a civilian government must take place in a just and inclusive manner that responds to the legitimate aspirations of the Egyptian people, as soon as possible. Egypt has overcome challenges before and will do so again. The United States will continue to stand with the Egyptian people as they build a democracy worthy of Egypt’s great history. ”. What is interesting folks is the fact that the Obama Oval does not make any threats as via the US financial support for the Egyptian Army. If the Oval was serious it would cut off support, but what’s important to the Oval is the fact that Egypt should keep its peace deal with Israel. The Obama Oval does not need this distraction, the crisis with Iran is developing. The crisis itself is developing, the Obama Administration reached out a hand to Iran at the start of the Obama Administration, Tehran told them to get lost, the UN has now stated that the Tehran Regime is developing the bomb, the UK and the US have placed tough sanctions on Tehran, keeping them out of the world banking system. The CIA, MI6 and the Israel’s Mossad are using covert methods to sabotage the nuclear facilities of the Tehran Regime, thus the Oval can not afford for a tense relationship to develop between Egypt and Israel. The Oval needs the Army of Egypt to keep control, can not afford for the Muslim Brotherhood to take charge of Egypt.

Belgian and French BONDS UP - Eurozone Crisis

Guardian Live: Reports on the raise of Belgian 10 year bonds yields, the rate at the present is 5.893%, while triple A France has seen its yield go up to 3.718%. The contagion from Greece and Italy has happened folks, the more Germany and France try to protect all 17 Euro States the more the cancer is starting to hit both France and Germany. The Germans could only sell 60% of their bonds, the UK had the cheapest rate, even than Germany. The Credit Agencies have warned France that it could be next to have the dunce hat, something has to give folks, if Germany wont move on Euro bonds or ECB then the PIIGS have to get out of the Euro, thus the Euro could take down the EU and the Western economic system.

Spain the NEXT Bailout

Telegraph Live: Reports that the incoming Conservative Government is looking for a loan from either the EU or the IMF, before the Markets make that decision. This is wise from the new Conservative Government, getting ahead of the market, but that has not stopped Spain 10 year bonds from reaching 6.67%, close that the end of cliff 7%. Any bailout would come with tough strings, the EU/IMF has been burned by Greece, they will want to make sure all Spanish political parties support such a bailout. Thus more endless meetings folks.

10 Year Italian Bonds - Record HIGH

BBC News: Reports that Italy had to pay a record high to shift its 10 year bonds, the rate was 6.504%. As the article notes this is double the last sell off of 10 year bonds, what is also alarming is the fact that two year Italian bonds are now at 7.814%, in essence the Market is telling the new Italian Government it does not have in till 2013 to solve the economic problems of Italy, it does not have that time to reform the public sector, the Market expects quick action, otherwise the 10 year bond price will go up again past 7%. The ECB is only buying these bonds on the secondary market, and Germany is still saying no for the ECB to issue Euro bonds or print money. Are we seeing the slow death of the Euro, the contagion like cancer might have gone the point of no return folks.