Banning Short Selling = Eurozone Crisis

BBC News: Reports that Italy, France, Spain and Belgium have banned short selling of shares, this means selling shares you don’t have at a high and buying them at a low to complete the contract. This move was done to protect the banks of France and Italy, as a recent Daily Mail article noted the major banks in these Countries are under threat due to the sovereign debt default of Greece, this move in tactical folks, the strategic problem still exists, that is the major dark cloud of debt in Italy and Greece, Greece has had to be bailed out twice at the cost of multi billion euros, while Italy in effect has seen its Budget process take over by the European Central Bank, the ECB has demanded that Italy bring forward its Austerity packages, lets see if they do and it works. The DEBT mountain wont go away folks, in less the EU gets the fact that the social model for the 21 Century cant be the same as the 20th Century then it will fail, sooner or later, and it will be sooner when the tax payer in either France or Germany say NO. Then its over folks.

US and European Stock Markets Plummet

BBC News: Reports that both US and European Markets have taken a dive today, the Dow Jones at the end of trading is down 519.83 points, that 4.62% of its value, while the FTSE 100 is down by 157.76 points. Thus latest frenzy is the worry that French Banks will need a bailout due to their holding Greek debts. Also that France like US would lose its AAA rating. As stated in early post folks this blogger is wary of such stories, one gets the feeling that someone or Institution is playing the market, and making a killing. On the stock market there are always winners, Mr/Mrs/Ms/Miss are not the normal winners, they don’t quite have the money or the info to throw the market off kilter. In the US the economic prospects don’t look good, thus an added negative factor for the market to get upset about. As they said during Watergate follow the money, who making the deals and buying, this blog has an idea. Except more Market ups and downs folks, also don’t trust the French, one would not be surprised to see the French Government bailout out their banks.

56% Disapproval for POTUS = Rasmussen Reports

Rasmussen Reports: Has its latest daily tracking poll of likely voters, today POTUS has a 56% Disapproval rating while 43% of likely voters approve of the Obama record. Good week for the Oval not to look at the polls folks. If Obama wants to win in 2012 its simple, SAY SORRY for ObamaCare, if Reagan can say sorry for Iran - Contra then Obama should be able to say he messed up with ObamaCare, cut off the class warfare rhetoric, embrace tax cuts, fight and win Afghanistan and Iraq. Sometimes the most complex question has the most simple answer folks.

40% Approval for POTUS = Gallup

Gallup: Reports in its latest daily tracking poll, President Obama has a 40% Approval rating, while 50% of Average voters Disapprove of the job performance of Obama. The Oval must be glad the election is a year and half away, also that it can recall the case study of Ronald Reagan who had a 35% Approval rating. But and there is always a BUT folks, the difference this time is that Reagan had the developing booming economy, Obama has 9.1% unemployment, low growth, and this is not expected to change much by next year. The S&P downgrade really has hurt the Oval, one is surprised that the Oval has not used the race card on the S&P, give the left wing time folks, they will. Also Afghanistan is not good, but its Obama’s War, he agreed to the double surges, now he is playing politics with the issue, thus don’t expect any sympathy from this blog. It can be argued that either Romney or Perry can beat Obama next year, thus expect a dirty fight folks, very dirty.

The Union Control of the Democratic Party

Guardian: Reports that the Democrats have failed in their recall fight to unseat Republican State Senators in the State of Wisconsin after tough anti Union laws were passed by the Republicans. This should be a warning to the Obama White House, there is a difference between spin and the real world, when you only talk and listen to your own supporters it can distort your picture of the world. What this case does show as with the UK Labour Party, is that both the Democrats and Labour Party are in the deep pockets of the Unions, but even that might not be enough to win, listen and learn Oval.

Germany and France and the Bailouts

Telegraph: Reports that the debt contagion that has gone from the PIGS of EU could start to effect the last bulwark of the Euro, France and Germany, the costs of these Countries borrowing has started to go up. Lets be honest folks, if France and Germany go down then its good by for all of us in Europe, thus not quite discounting this story, would have to see lot more damage to the foundations of Germany and France. But lets recall the US has been downgraded, thus nothing is off the table folks, on this story would take wary eye, its bad, its disastrous folks but Europe is not dead yet!

The Politics of the Riots = Lady Thatcher

BBC News: As the article notes, rare praise from former Labour London Mayor Ken Livingston and a candidate in 2012, Mr Livingston has stated that the Government should follow the example of Lady Thatcher in the 1980s, then Lady Thatcher hired more coppers, as the Country was going through deep recession. In this Mr Livingston is right, the UK is on its uppers as they used to say, we are broke, there will be major cuts, the social structure of the Country will take a hit, thus the need for a major police presence to keep law and order. Also the Police have to be backed, yes they will make mistakes, but on the whole they should get total support, its going to get harsher out there folks, when the cuts really start to hit. It was interesting to see Newsnight last night, the Labour Deputy Leader was trying to have it both ways, while condemning the riots she also wanted to blame the Coalition for the cuts, thus the riots. If the Labour left start to play such games the Coalition should call them out on this, do they support law and order or the rioters, one or the other folks.