Here's some of the other stuff I've been waiting to hear about.
http://www.reuters.com/article/2012/06/29/markets-britain-factors-idUSL6E8HT0P420120629
This is important for a number of reasons and does have a connection to the Foreign Holdings Reporting requirement for USA citizens. Of note is the RBS fine. This should clear the air but there may be some fall out to come. Do not underestimate the UK banking impacts. They are the money over there. I think it won't be severe but I'm knocking on wood as I type. Hedging Fixing? Manipulation? In this environment, these guys should be hanged. Do we really need another fiasco? Really?
On the bright side and the most important: ... agrred to create a single supervisory body for euro zone banks by the end of this year, a first step towards a banking union.
Canadianizing the system. No seniority in the system. Capable of acting directly...
So now the pressure can start to come off. We should turn the corner sharply starting next week. If nothing jumps out of the closet and goes booo we should be off to the races again.
See, it's not all doom and gloom. However, without this you'd be seeing carnage. RBS et all did some serious damage. This was set up to counter it. The roots of the damage go deep. It was an attempt to trigger the rot the sold. But hey, if you're allowed to set the hedge mark and you get to set the thresh hold for the return you win! (Customers lose). Hmmm sounds like something someone did in the USA. Where are the regulators and the handcuffs.
Our next piece of good news.
http://economictimes.indiatimes.com/news/international-business/european-governments-end-39-year-patent-dispute/articleshow/14506710.cms
Finally, agreement. This is one more nagging issue off the table. This will help gell the union's R&D investment. It will help foster cooperation.
Next we await some developments from http://www.acgebf.org/ This will help set up the under currents for the next year. Not imoprtant if you don't know what it is.
The wild card: http://www.ctvnews.ca/fukushima-reactor-4-poses-massive-global-risk-1.829254
This has a 60% chance of happening before anything can be done.
And now for some fun: http://weeklyworldnews.com/headlines/27321/facebook-will-end-on-july-15th/
