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Obama - "End Football!"
Well, the Prez didn't really say that. His words on the topic of football: "If I had a son, I'd have to think long and hard before I let him play football." This is another big milestone in the...
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Trading The Macro-Market Disconnect
As we recently noted, the US Macro picture is considerably less sanguine than every talking head would have you believe. Not only are earnings for Q4 coming in notably weak, but the top-down macro...
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Paul Ryan Says Sequester Likely To Take Place
When the Republican party agreed last week to a push back on the debt ceiling discussion by three months to May 19, virtually without a fight in a move that may presage what is set to become a...
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Anonymous Lays Easter Egg In US Sentencing Commission's Website
Go to ussc.gov...hit: UP, UP, DOWN, DOWN, LEFT, RIGHT, LEFT, RIGHT, B,A [ENTER]Have fun(For more on Anonymous' hack of the USSC read here)
View ArticleEgypt Faces 'Arab Spring II' As Morsy Imposes 30-Day Curfew
Egypt appears to be coming unhinged once again. Egyptian President Mohamed Morsy has imposed a 30-day curfew (from 9pm to 6am) on several of the nation's largest cities as tensions rise from several...
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Perhaps a Crumble Rather Than a Collapse – Chapter One
Perhaps a Crumble Rather Than a Collapse – Chapter OneByCognitive Dissonance Why even question the obvious?When contemplating a complex subject, especially one in which I hold a strong emotional...
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Guest Post: Why Employment Is Dead in the Water
Submitted by Charles Hugh-Smith of OfTwoMinds blog,Employment is dead in the water because opportunities for organic expansion are few and the cost basis of doing business in the U.S. keeps rising....
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Stocks And Bonds Reconnect As Endangered Rising VIX Posts A Rare Appearance
Once again equity markets disconnected (positively) from their risk-related cousins at around the European close and while broad equity markets closed around unchanged, the weakness in HY credit, and...
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Labor Minister Says France Is "Totally Bankrupt"
Things in France must not be very serious, because the French labor minister accidentally let the truth come out a little earlier today. As the Telegraph reports, France's labour minister sent the...
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Mark Spitznagel On Confusing Means With Ends
Authored by Mark Spitznagel, Founder of Universa Investments, originally appearing in Forbes The Role Of Capital Has Politicians ConfusedThe nonchalance with which politicians on both sides of the...
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Government to Dispose of Radioactive Waste By Putting It In Our SILVERWARE
The overwhelming scientific consensus is that any amount of radiation – no matter how small– can cause cancer and other serious health effects.(Current safety standards are based on the ridiculous...
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Here Come The Drones, Or The True Reason For The Mali Incursion
Given our recent discussion (here and here) of the rising importance of Africa in the world's power and money echelons, it is not entirely surprising that the NY Times reports that US military command...
View ArticleBoE's Haldane: "Too Big To Fail Is Far From Gone"
Authored by Andrew Haldane (Executive Director, Bank of England); originally posted at VoxEU,Have We Solved 'Too Big To Fail'?No.That is not my pessimistic verdict; it is the market’s. Prior to the...
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HLF Data -&- FX Confusion
On HLF and Da Boys How about that blow up between Ackman and Icahn?!?! Two big shots of finance making asses of themselves, is what I saw. Icahn was making himself out to be the good guy. His...
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Guest Post: Soaring Debt Precedes Financial Crises...
Submitted by John Aziz of Azizonomics blog,Things don’t look so good for China:Will we see a Chinese financial meltdown in 2013? Or 2014? Or 2015? With global GDP growth on a definite trend downward,...
View Article"We Are Doneski Gorgeous!" - How Bond Trading On Wall Street Really Works
For many years one of the best jobs on Wall Street in terms of a mix of job safety and compensation, was to be a fixed income trader-cum-salesman working for a major bank with a deep balance sheet,...
View ArticleLEAKED: Mario Draghi And His Triumvirate Shut Up German Finance Minister To...
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterThe state-sponsored chorus about the end of the debt crisis in the Eurozone has been deafening. It even has feel-good metrics:...
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Zimbabwe's Total Cash On Hand: $217.00
Several years after revealing the first one hundred trillion modern-day banknote and seeing its economy implode in a cloud of hyperinflationary smoke, Zimbabwe's problems are back with a vengeance. And...
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Chesapeake Energy Surges On Aubrey McClendon Exit
Update: it appears Carl Icahn agrees with our assessment: CARL ICAHN SAYS CHESAPEAKE'S COLLECTION OF ASSETS "ARE THE BEST PORTFOLIO OF ENERGY ASSETS IN THE COUNTRY"Back in May 2012, when Reuters'all...
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Guest Post: The Siren Song Of The Robot
Submitted by Gergor Macdonald of Peak Prosperity,The quest for cheap energy and cheap labor is a conquering human urge, one that has played out with notable ferocity starting with the Industrial...
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