Russia Accuses West Of Arming Mali "Al-Qaeda" Rebels
Define irony? Here is one, or rather two, tries.Back in the 1970s, it was none other than the US that armed the Taliban "freedom fighters" fighting against the USSR in the Soviet-Afghanistan war, only...
View ArticleStocks Rise As House Kicks Debt Ceiling Can To May 19; IBM Accounts For 76 Of...
No sooner had the House got its 212 votes to pass (with 109 Democrats voting against) the debt-ceiling extension "No Budget, No Pay" bill then Silver and US equities began to rise. At the same time,...
View ArticleIs China an Economic Miracle or a Government Sponsored Fraud? Pt 2
A few months ago, we asked, “is China an economic miracle or one giant government sponsored fraud?” Our views were the latter with corruption as one of the key driving forces for wealth creation and...
View ArticleBank Of Italy Throws The Book At Monte Paschi For "Hiding Derviative Documents"
As we reported previously, the stock of the oldest bank in the world, Italy's venerable Banca Monte Dei Paschi of Siena, was halted in early trade after plunging on news that the bank had engaged in...
View ArticleDavid Einhorn's Q4 Letter
Two days ago we presented the complete hedge fund performance for 2012, in which it was clear that David Einhorn's Greenlight had a Q4 that did not go quite as expected, primarily as a result of AAPL...
View ArticleA Clinton Scorned - "What Difference Does It Make"
Hell hath no fury... After an extensive 24,500 word hearing, it would appear we are not really any closer to knowing who knew what when and why we weren't told. However, while the invisible hand of the...
View ArticleLaNNY BReuER: CRoNY ToP GuN
. . Guess who is over in Davos complaining that banks have been unfairly scape goated by regulators during the past four years. That's right, "Shit Face" Jamie. Chutzpah is a compliment to this...
View ArticleJapan Detains Chinese Fishing Boat
While the seasonally adjusted, BLS-estimated version of the China-Japan conflict says that things are normalizing, following the arrival of a Japanese envoy visiting Beijing to "soothe relations" which...
View ArticleKansas Fed Joins NY, Philly And Richmond Fed In Contracting; Employment Index...
We are now four-for-four (five-for-five if we include the drastic downward revisions in the Chicago PMI) for regional Fed business outlooks taking a serious (and consistent) turn for the worse. Kansas...
View ArticleGuest Post: The Global Economic Disease In 8 Points And The Cure In 4 Points
Via Charles Hugh-Smith of OfTwoMinds blog,A mere dozen points describe both the global financial illness and the cure.The global economy is ill, and everyone who is not mired in denial or a paid shill...
View ArticleRacing To The Revolution: Spain Vs Greek Youth Unemployment
Spanish and Greek youth unemployment surged to yet another new record as joblessness among the under-25 cohort is now above 55% for both of these troubled nations. "We haven't seen the bottom yet," one...
View ArticleWhat Does VIX Know?
A funny thing happened as US equity indices pushed to new highs - levered this time by Bond and FX markets - and following the new normal US-Open-to-EU-Close pattern. VIX, that much talked-about...
View ArticleGuest Post: The Tangled Relationship Between Wealth & Money
Submitted by John Michael Greer of Peak Prosperity,One of the most dangerous mistakes possible to make in trying to understand the shape of the economic future is to think of the fundamental concepts...
View ArticleInsurers To White House: Delay ObamaCare Or Risk "Chaos"
With eight months left until million of Americans are supposed to begin shopping at online markets created by the Obamacare 'tax' law, the insurance industry is concerned at the government's lack of...
View ArticleS&P 500 Futures Suffer Biggest Down Swing Of 2013
From the highs this morning as European markets closed, S&P 500 futures have plunged 11.5 points. Doesn't sound like much - but this is in fact the largest intraday swing of 2013...Keep calm and...
View ArticleWill you pay $2,000 to have a kid read 12 books of your selection?
Summer will arrive, and students may have a more difficult time finding a part-time job than in years past. Is there a teenager, maybe even your own child, for which you care for and want to do...
View ArticleWill The Super Goldman Mario Brothers Succeed In Covering Up The Latest...
"And the hits just keep on coming."It was about a week ago when Bloomberg reported that the world's oldest bank, Sienna's Banca Monte dei Paschi (BMPS) had masked a massive (for its size) loss courtesy...
View ArticleApple Is No Longer The World's Most Expensive Company
Irony of all ironies; on the 1-year anniversary of AAPL replacing XOM as the world's most-expensive market capitalized company, the incessant fall of the formerly invincible has dragged it back below...
View ArticleTrader Who Made Billions For Deutsche Manipulating Libor, Has $53 Million In...
The name Christian Bittar is well-known to regular Zero Hedge readers. Recall from "Deep Into The Lieborgate Rabbit Hole: The Swiss Hedge Fund Link?": "just like in the case of Barclays (with Diamond),...
View ArticleUltimate Hedge Fund Deathmatch: Icahn And Ackman As The Real Billionaire...
Following the epic rap battle we noted yesterday, today saw probably the greatest, most enthralling and at the same time most pathetic segment on CNBC (which may or may not have been taken over by...
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