Chillin' out till it needs to be funded
Facts that are counting this week but in the larger scheme were not really pertinent , say us.. for tweetseminars or longish commentary. In other words, these facts are what a newspaper in the traditional sense delivers as part of the continuing rolling down of the same stories that made the business world yesterday, and last week And even everything that begun in 2008, dare I write new essays of condemnation everyday?
FACT: Italian Banks Unicredito and Intesa SanPaolo each worth $25 bln in Market Cap before the sunshine took them down on Friday and Monday.Italian Banks have also raised $15 bln in fresh capital in 2011 among Intesa SanPaolo, Monte dei Paschi di Sienna , Unione Banche de Italiane (UBI) and Banco Popolare or Euro 10.5 bln. The Italian Parliament is considering proposals worth $57 bln or Euro 40 bln to cut down deficit.
China’s GDP at 9.6% for the 6 months of 2011 was an eye opener on the resilience of the Chinese factor growth as IIP/PMI for manufacturing dipped into sub normal