THE DOT - if this turns orange or red be alert

Friday, February 12, 2010

part 2

3. Turkey's Primeminister Erdogan's nephew was arrested with 7 others for trafficking 50 kg Cannabis. At the same time the head of the armed forces Basbug announced that their tolerance has reached the edge. Under the Ergenekom operation of the government plenty of high ranking officers ( top generals) have been arrested under the suspicion for a plot to overthrow the ruling government or even assassination of high ranking members of the government. Turkey might add to the global crisis from a different angle soon as its relation to Israel has turned into a very big tension and is on the verge of turmoil within and outside. The currency is overvalued and the stock market looking very vulnerable to a steep correction.

Excerpt

Turkish Prime Minister's nephew arrested

Fri 12 February 2010 | 07:28 GMT Text size:

11891
Recep Tayyip Erdogan

Mehmet Erdogan, nephew of Turkish Prime Minister Recep Tayyip Erdogan has been arrested in Istanbul, according to Vatan newspaper.

Istanbul Police Office received information that 50k cocaine had been smuggled from Diyarbakir to Istanbul. Istanbul Police Office received information that 50k cocaine had been smuggled from Diyarbakir to Istanbul.

On February 9, the officers of the department to combat drugs detained 12 persons including Recep Tayyip Erdogan's nephew Mehmet Erdogan and two women. Seven of them including Mehmet Erdogan were arrested. Prime Minister reportedly said: “Act in accordance with the law.”

4. An old bad news returns with a different weight within the new context - Dubai

excerpt

Remember "That" Crisis? Dubai CDS Rises Above 600 bps For First Time Since November 2009, Up 40 bps On The Day




Rumor: Nakheel may be going into administration. And an even ghastlier rumor: we are about to see an announcement restrictring all sovereign CDS trading. Time to reevaluate that "Dubai is contained" thesis. Just sayin'... Got Dubai CDS, bitches? Keep them while the government tells you to sell.


5. Here a nice sample of an evergreen I experience on a daily basis even then it comes to the interpretation of government stats as they get turned from the talking heads to the propaganda they are paid to sell to us.

excerpt

The Bazooka Jams As Propaganda, Pardon, Media Always Gets It Right... Eventually


Compare and contrast the following headlines:

and then,

Really nothing much to say here.





No comments:

About Me

I am a professional independent trader