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Nomura Presents The Fair-Value Of European Currencies In A Euro Breakup Scenario
As investors proceed happily through the forest that is this week's potentially epic fail, Nomura asks the question on every European is asking - What's in my wallet? Investors holding EUR-denominated...
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Graham Summers’ FREE Weekly Market Forecast (Fade the Fed? Edition)
Equities got giddy last week when the world’s central banks, lead by the US Federal Reserve, lowered the global cost of borrowing Dollars. Regardless of the market’s reaction, the whole thing smells...
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Presenting The Market Schizophrenia In One Handy Chart
Short-dated TSY Bill yields have remained negative for almost two months now and even as the S&P 500 has roared 100 points higher in the last week signaling seeming risk appetite and optimism,...
View ArticleThe Real Reason for Obama's Threat to Veto the Indefinite Detention Bill...
OBAMA WANTS TO VETO THE INDEFINITE DETENTION BILL BECAUSE IT WOULD HOLD THE U.S. TO THE GENEVA CONVENTION I - like everyone else - am horrified by the Senate's passage of legislation that would allow...
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Over 46 Million Americans On Foodstamps For The First Time Ever
While the capital markets may be cheering that in the past month 120,000 people supposedly found jobs, even if these were largely temporary or part-time just in time for the year end shopping sprees,...
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EUR Tumbles: S&P About To Put Europe's AAA Club (Including Germany, France...
Here it comes. From the FT: "Standard and Poor’s has warned Germany and the five other triple A members of the eurozone that they risk having their top-notch ratings downgraded as a result of deepening...
View ArticleECB's Nowotny Slams Door Shut
As Deutsche Bank suggested earlier, the ECB needs a market plunge to justify an intervention. Hence, here is the ECB's very own Jens Nowotny doing all he can do to precipitate a, you go it, market...
View ArticleObama Explains Live How A Payroll Tax Cut Needs "Tiny" Millionaire Surtax
Apparently one taxcut for another is an equitable quid pro quo. Watch the president explain how expanding the payroll tax would be funded by millionaires. Which naturally means DOA. #666666; margin:0...
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Jeremy Grantham Releases The Scariest Market Forecast Yet
While we will leave readers alone when reading what the GMO head has dubbed the "shortest quarterly letter ever", we want to emphasize one point, namely Grantham's projection of how the market will...
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Rumor Meet News: S&P To Put All 17 Euro Nations On Downgrade Watch
Just as we noted earlier from the leak to the FT, Bloomberg is now reporting further that S&P Said to Place All 17 Euro Nations on Rating Downgrade Watch The AAA aspect is probably the most...
View ArticleWhat The XYZ!
From Peter Tchir of TF Market Advisors S&PAAASDRIMFECBFedCDS The fact that the global financial system hinges on these 7 sets of 3 letters is appalling and amazing. If GS is the best and brightest...
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Commodities And Rates Lead Derisking Afternoon
High yield credit spreads were the first to show signs of disappointment this morning but this seemed more due to technical relationships in the CDS index market as HYG stormed ahead with stocks....
View ArticleHere Comes The S&P Downgrade Barrage - Full Statement, In Which S&P Says...
Standard & Poor's Ratings Services today placed its long-term sovereign ratings on 15 members of the European Economic and Monetary Union (EMU or eurozone) on CreditWatch with negative...
View ArticleFull Text Of S&P Warning On GermAAAny
Germany's Unsolicited Long-Term 'AAA' Rating Placed On CreditWatch Negative Standard & Poor's is placing its 'AAA' long-term unsolicited sovereign credit rating on the Federal Republic of Germany...
View ArticleFull Text Of S&P Warning On FrAAAnce
Standard & Poor's is placing its 'AAA' long-term unsolicited sovereign credit rating on the Republic of France on CreditWatch with negative implications. At the same time we are affirming France's...
View ArticleFull Text Of S&P Warning On AustriAAA
Austria's 'AAA' Long-Term Rating Placed On CreditWatch Negative Standard & Poor's is placing the 'AAA' long-term sovereign credit rating on the Republic of Austria on CreditWatch with negative...
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Tensions Escalate With Argentina 19 Years After Falklands War
As the Duke of Cambridge is due to be deployed to the British territory south of Argentina, the tensions are rising within Falkland Island waters as the Argentinians board Spanish fishing vessels as...
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Controlled Leaking
I got a laugh at this article by Jon Hilsenrath at the Wall Street Journal. (Link) This is another in a string of articles by Jon where Bernanke is clearly providing a portion of the content. The...
View ArticleThe Black Friday Shopping Hangover Is Coming: David Rosenberg Explains
Last week, while the market was soaring as news of the upcoming Fed's FX swap lines was being leaked, the general media's narrative goalseeked to the stock spike was that it was a function of "record"...
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Guest Post: It's Time To Give Up On Mainstream Economics
Submitted by ChrisMartenson.com guest contributor Gregor Macdonald It's Time To Give Up On Mainstream Economics Few modern economists would, for example, monitor the behaviour of Procter and Gamble,...
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