Tuesday, October 5, 2010

Bloomberg News Headlines contradicting each other- All in a 4 hour span. Who's on first? Whats on 2nd?

The headlines below should be read from the bottom up in time stamp order. It is yet another coffin nail in the EUR's coffin.
The pain in Spain will  NOT stay mainly in the plain!!!




Europe Services, Manufacturing Cool as Retail Sales Decline
Europe’s services and manufacturing industries grew at the slowest pace in seven months and retail sales unexpectedly declined, adding to signs the region’s recovery is losing momentum as governments step up budget cuts.

The above headline was posted 60 minutes after the one below claiming the EUR was rising because the economy was showing more signs of recovery.


Iberdrola, Enel May Dodge Cuts as Spain Plans Sale
The Spanish government’s plan to sell about 14 billion euros ($19 billion) of bonds to pay debt owed to the country’s biggest power companies may help Iberdrola SA and Enel SpA avoid credit-rating downgrades.

The above headline speaks about a country having to sell bonds to help its power plants not have to cut power!!!


Euro Strengthens After PMI Data Suggests Economic Recovery       Updated 56 minutes ago




Ireland's Rating May Be Downgraded by Moody's on Banks     Updated 2 hours ago

No comments:

Post a Comment