World economy talk

**uls** · April 16th, 2011 12:01 AM

Greece 10 yr yield

Greece govt bonds are now trading at distressed levels

the market is already pricing in restructuring

**uls** · April 16th, 2011 10:37 AM

funny spoof etrade commercial

here's the original
[ame="http://www.youtube.com/watch?v=X4GZfvXx9Js"]YouTube - E-Trade Superbowl Commercial w/ baby[/ame]

here's the spoof
[ame="http://www.youtube.com/watch?v=iDmJcDvaBGU"]YouTube - E-Trade Baby Loses Everything[/ame]

**uls** · April 16th, 2011 11:04 AM

http://uk.reuters.com/article/2011/0...KN18TR20110415

Speculators cut NYMEX oil net longs -CFTC

Fri Apr 15, 2011 8:35pm BST
NEW YORK, April 15 (Reuters) - Money managers cut their
net-long crude futures and options positions in the week to
Apr. 12, the Commodity Futures Trading Commission said on
Friday.

The speculator group cut its net long positions by 23,718
positions to 281,579 from 305,297 in the previous week, as
NYMEX oil futures prices CLc1 fell to close at $106.25 a
barrel on Apr. 12 from $108.34 a barrel on April 5.

http://uk.reuters.com/article/2011/0...53618320110415

U.S. cash crude - Grades mixed in cautious trade

HOUSTON, April 15 (Reuters) - Light Louisiana Sweet LLS- gained and Mars MRS- lost Friday as volatility in futures, on which cash prices are based, made traders cautious.

LLS dealt 20 cents stronger at $17.90 a barrel over West Texas Intermediate CLc1. Mars sour MRS- was up 15 cents early but ended weaker at $10.25 versus $10.35 over on Thursday.

With May Brent having expired Thursday, the June WTI-Brent spread CL-LCO1=R moved to just over $13 in favor of Brent from as wide as $16.40 Thursday.

The arb narrowing should have weighed on cash crudes, which compete with imports priced against Brent, but the effect was muted because traders were holding back or already done for May.

"Not much is happening," said independent trading consultant John Troland. "With futures back up $3 after being down sharply, traders are holding back due to volatility."

May WTI expires Tuesday, and many physical traders are done or nearly done for the month. Those still in the market have to pay up to close gaps in their monthly slates.

"I think people are perhaps topping out of the sour barrels, and sweeter quality is in demand more," a trader said, noting the loss of Libyan crude redirecting world light sweets.

May WTI CLK1 settled up $1.55 at $109.66 a barrel. June Brent LCOM1 ended up $1.45 at $123.45. The June WTI-Brent spread finished the regular trading day at $13.79 in favor of Brent.

Light Louisiana Sweet

Brent

Mars Blend

WTI

**Ry_Tower** · April 16th, 2011 11:31 AM

^ oil price still volatile, it may juts spike up again.

**uls** · April 16th, 2011 11:39 AM

prices have already recovered from the decline few days ago

nobody wants to hold dollars

**eld** · April 17th, 2011 05:23 AM

Originally Posted by Ry_Tower

Any possibility that the west will grow tired of this BS and suddenly decide to out a puppet gov't much like in Iraq? Or the west is now divided in interest that maintaining the status quo woudl be the best bet?

The west needs Saudi to put Iran in check.

**uls** · April 18th, 2011 10:28 AM

Portugal bailout could be in trouble

Finland's True Finns party win big in parliamentary election Sunday

the party is anti-bailout

Finland could disrupt the EU bailout of Portugal

eurusd

**uls** · April 18th, 2011 11:34 AM

Saudi Arabia DID NOT make up for Libya supply disruption

**uls** · April 18th, 2011 05:02 PM

a Greece newspaper reported that Greece asked IMF/EU for debt restructuring earlier this month. the paper also reported US Treasury secretary Geithner said Greece has to restructure

EURUSD dives

then Greece denied the report

EURUSD bounces

**uls** · April 18th, 2011 09:10 PM

Greece has been denying all day that it needs restructuring

German govt sources say Greece may not make it thru summer (their summer) without restructuring

check out the EURUSD above