Feb 11, 2015
Whatever it Takes Wednesdays with Andrew Hoffman:
Greece
-today's Eurogroup emergency meeting
-yesterday's lie of bailout extension, not happening
-Russia to rescue?
Euro -Grexit will NOT be good for Euro, will destroy it
-explosion of Syriza-like parties in PIIGS
-all will want secession from Euro, debt writeoffs
India
-Getting rid of all tariffs
Baltic Index
-all time low today
Oil prices
-plunging again, after failed deadcat bounce
-NFP report had just 1,900 energy job losses! Need to discuss this ridiculous report
FOMC
-all goes back to 4/11/13 Obama/TBTF meeting
-claim employment and inflation are key goals (as well as stock market, of course)
-fake data, rig markets, and of course attack gold
-no correlation with reality, such as tomorrow's expected negative retail sales number
Mining Armageddon
-KGC got ball rolling last night with catastrophic report
-by next week, nearly all PM majors will report
-production will collapse