Russia's Foreign Minister Sergei Lavrov is apparently 'astonished' to hear that Poland's Foreign Minister, Radoslaw Sikorski, asked NATO and the US to deploy troops in Europe to provide 'some strategic reassurance', on a recent visit to Washington.  Since the scrapping of the US Bush-designed missile defense scheme which would have seen troops deployed in Poland and Czech Republic, the former has apparently been feeling vulnerable . . . Kim Zigfeld points out on Pyjamas Media that Russia's recent war 'games', which simulated a full scale pipeline-sabotaging missile-battering attack of Poland, taking place in the same month that seventy years earlier Russia did actually invade, is hardly likely to reassure the Poles of the ...

Well, it is not as if I relish rubbing salt into old wounds, but this quote from the a href="http://www.ft.com/cms/s/0/8bb0da5a-c7dc-11de-8ba8-00144feab49a.html"latest piece by Ben Hall in Paris and Ralph Atkins in today's Financial Times/a is just too good to resist.br /br /blockquoteFrench manufacturing output rose at its fastest rate for nine years, according to a survey on Monday, confirming that France has become the economic powerhouse of continental Europe. Purchasing managers’ indices for manufacturing showed France performing significantly better than the continent’s other main economies – thanks to robust domestic demand./blockquotebr /br /a href="http://1.bp.blogspot.com/_ngczZkrw340/SvASaIFOk2I/AAAAAAAAPjI/Xa0wjOVFc3A/s1600-h/france+manufacturing.png"img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 213px; CURSOR: hand" id="BLOGGER_PHOTO_ID_5399836193272533858" border="0" alt="" src="http://1.bp.blogspot.com/_ngczZkrw340/SvASaIFOk2I/AAAAAAAAPjI/Xa0wjOVFc3A/s400/france+manufacturing.png" //abr /br /Plenty of food for thought in this paragraph it seems to me. As a href="http://spaineconomy.blogspot.com/2009/10/french-rebound-continues-in-october.html"foreshadowed in this earlier post/a, it is the French economy - and not the German one - which is rebounding sharply, and this ...

This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.

• Randall Forsyth (Barron’s): Reflation trade shifting into reverse? October 27, 2009. Risk assets ranging from stocks to commodities to currencies seem to be faltering after being floated on a sea of liquidity.

• Doug Kass (TheStreet.com):   My “fast money” recap, October 28, 2009. I saw some emerging technical signs of market weakness that could override seasonal strength, including three failed rallies in the past week, a contracting number of new highs on the New York Stock Exchange, a breakdown in the Dow Jones Transportation Average and, generally, stocks have begun to sell off on good and bad news. … asked how vulnerable the market was over the short to intermediate term if I used the quantitative models that

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I just published a quick rant on Huffington Post after watching Joe Scarborough complain and moan about how the U.S. is going it alone on Afghanistan during his morning MSNBC show.  It's no wonder so many countries are getting into bed with Venezuela, Russia, and China ... they probably show more appreciation.

Both Washington and its pundits on both sides of the aisle have got to come around to the fact that the number of disincentives for being friendly with the U.S. are rapidly increasing, and it's not longer just the radical fringes. In Latin America, where we can't even seem to hold confirmation hearings for our diplomatic appointees, it simply pays much, much more to accept unconditional aid from Venezuela's Hugo Chavez, or even strike up relationships based on credit and guns from Russia and China. In Eastern Europe, Poland and the Czech Republic stick their necks

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Bucyrus International, Inc. (BUCY) shares are jumping to end the week after announcing a strong third-quarter report that included a sharp earnings surprise.

< ?DART(15);?> The mining equipment manufacturer made the Zacks #1 Rank Top Performers List today with a gain of more than 13%. Volume is also flexing with nearly 8 million shares changing hands, compared to the daily average of 1.9 million.

BUCY is one of the world's leading manufacturers of large-scale excavation equipment used in surface mining. Its machines are used throughout the world by customers mining copper, coal, oil sands, iron ore and other minerals.

The company is part of the machinery-construction/mining industry. Other names from this space on today's Zacks #1 Rank List include heavy hitters like Caterpillar, Inc. (CAT), Ingersoll-Rand plc (IR) and Joy Global, Inc. (JOYG).

Third Quarter

Bucyrus reported third-quarter earnings

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Overland Storage, Inc. disclosed details of a strategic manufacturing agreement with Foxconn Technology Group this morning, Tuesday, Oct 20. This agreement will initially result in a collaborative effort between the companies to manufacture a line of Overland’s end-to-end data protection (EDP) solutions. This is an important move forward for Overland, leading to an increased manufacturing capacity and improved operating efficiency.

EDP is a data protection model for continuous validation of data integrity at the origin and destination within a given computer system.

Foxconn is the biggest multinational Computer, Communication and Consumer-electronics (3C) provider of manufacturing services and has a proven track record of joint-design and development. Foxconn is a recognized industry leader, recently ranking in the top 10 of BusinessWeek’s IT 100 and the Fortune Global 500. The company’s innovation and technical prowess is further confirmed by its holding of over 15,000 patents, placing it among the cream of the crop in

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Out of the many, many interesting quotes we got from Vice President Joe Biden during his famously candid Wall Street Journal interview (which sounded like it was done in a cocktail lounge), was the following appraisal of the United States believes that Russia must feel about the possibility of Iran becoming armed with nuclear weapons:  "I can see Putin sitting in Moscow saying, 'Jesus Christ, Iran gets the nuclear weapon, who goes first?' Moscow, not Washington." Logically and rationally, of course Biden is correct here.  Russia and Iran may be enjoying a brief honeymoon in their relations, but over history there are still some serious unresolved conflicts, involving everything from regional political disputes, pan-Islamic anger over Chechnya ...

Two Sagging Economies… Two Laid-Back Banks

by Martin Denholm, Senior Editor

Anemic. Stagnant. Plodding.

Pick your favorite… it doesn’t matter. They all describe the state of the British and Eurozone economies.

Two weeks before the official third quarter U.K. GDP figure is released, the National Institute of Economic and Social Research (NIESR) delivered a somber verdict. The group says it actually didn’t grow at all, confounding those who said the economy started growing again.

Cue a fresh round of some good, old-fashioned British grumbling.

The culprit: a 2.5% fall in industrial production in August, as oil demand dropped. Still, neutral is better than reverse – a gear that Britain had driven in for 2009 up to that point, posting a 2.4% first-quarter slump and 0.6% second-quarter decline.

It’s not alone either. Its European neighbors are also backpedaling. The latest quarterly figure from Eurostat shows that the

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Spanish Telecom giant Telefonica (TEF) has unveiled the details of a large-scale field trial project related to the company’s 4G network services, which is based on the Long Term Evaluation (“LTE") mobile broadband technology.

The company will test run its 4G LTE network in six countries across Europe and Latin America. The outcome of the trials will help Telefonica to chalk out its next phase of network deployment strategy.

Telefonica will conduct 4G LTE trials during the next six months in multiple European countries such as Czech Republic, Germany, Spain and the UK, while the Latin American trials will be staged in Brazil and Argentina. The company has already conducted its first LTE trial in Madrid in April 2009, which has demonstrated encouraging throughput levels.

Telefonica has also announced network infrastructure and equipment vendors to facilitate the field testing. It has reportedly selected six technology providers: Alcatel-Lucent (ALU), Ericsson (

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The dollar remains well bid…G-7 to hand currencies off to G-20? Car Sales collapse…Auditing the Lehman cash movements…And Now… Today’s Pfennig!

Good day… And a Happy Friday to one and all! Yesterday, I welcomed you to October. I had been prepared to tell you about a famous radio station here in St. Louis, that has long called October… Rocktober… But forgot, as usual! But anyway… It’s the first Fantastico Friday of Rocktober!

Today is a Jobs Jamboree Friday too! And… I’m not getting a good feeling about today’s labor report at the Jobs Jamboree. The forecast is for jobs losses to fall from -216,000 to -175,000, but the unemployment rate to tick up to 9.8% from 9.7%… I got the feeling, baby, baby, I got the feeling… Oops, a little James Brown on Fantastico Friday never hurts! But what I was saying was I’m getting the feeling that there are risks

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