Germany sells bonds at NEGATIVE rates

[errolanderson]

Friday may be real volatile . . . .

Bernanke speech

Russian Ag ministry meets

Is the foam about to come off the stock
market?

Kansas may get up to 12 inches of rain
from Hurricane Issac

Weekly soybean exports above
expectations.

Weekly corn exports below expectations.

Is crude oil ripe for a sell-off?

Europe officially in a recession. Give
me a break . . . it's a depression.

Tomorrow is also Friday in front of a
long weekend.

[liberty]

It must be a topsy-turvy world we live in when you lend money to a bank and they pay you less than the original amount when they pay off the loan. This strategy speaks to the palpable fear that European investors have about the state of many economies in the EU. They'd rather lose some money by parking their assets in a German bank as opposed to losing it all by leaving it in a Spanish or Greek bank.

When a German bank is doing this, its a sign that they are being deluged with more investment money than they know what to do with.

Look for countries like Spain to exit the Euro in the near future. That way, they can resurrect their old currencies and slap on capital controls to staunch the bleeding from their banking system, something that I bet is not allowed under the Euro system. Many investors probably know this is coming, and want to get their money to a safer place before it happens.

[cottonpicken]

friday was volatile!

6% portfolio swing in 20 minutes,thanks for the near
heart attack ben.