Cara Community

Morning Call [5:28am ET] Traders are speculating whether the financial crisis in Greece will serve to ultimately weaken or strengthen the European Monetary Union.

Morning Call [7:59am ET] The question is, do short sellers provide liquidity and transparency to our capital markets or are they powerful enough to cause the crash of the global economic and financial system?

Morning Call [7:34am ET] A shift towards a tightening monetary policy in China is quite probable, according to my associate known to you as the Shanghai Fly. Such a policy change may have wide impacts throughout global capital markets.

His reasons are as follows:

(1) Various official price indices have shown gains that are making the public nervous snippets like the following, which may shed some light into the current situation:

· "Producer prices may have climbed +5.1% in February, the biggest gain in 16 months, the Bloomberg News survey showed. "

Morning Call [7:16am ET] A tale of two receptions: the story of how life is changing so quickly in the world of finance and capital markets. Last evening I attended the reception at the Royal York Hotel of Teck Corp (TCK), a major sponsor of the PDAC mining convention in Toronto. I had just come over from the Metro Convention Centre where China Inc held a similar party. Well, not quite!

Morning Call [9:10am ET] While many analysts are pointing to recent up-ticks in global equity markets as a clear sign of economic recovery and blue sky ahead, some others, myself included are recommending that we need to see a whole short-term cycle play out before we make a Bull call.

CitiSecOnline analyst JG Barredo in the Philippines is one of the analysts I follow. This morning his comments were as follows:

· Global indices again showed mixed reads but some major indices in the US and Europe have firmed up to try to break recent highs