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Meanwhile In Spain...
Spain's IBEX stock market index has plunged by around 6% this week - the biggest weekly drop in six months. Spanish sovereign bond spreads are flat-lining, entirely ignorant of this devastation; and of...
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Visualizing The BLS' Establishment Survey Revisions
As part of today's non-farm payroll release, the BLS also issued its revision to the Establishment Survey as a result of updated population estimates, which, as the name implies, adjusted monthly data...
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Italian Bank Scandal Spreads To Other Banks: Berlusconi Big Winner
As we warned last week when the BMPS fraud story broke, this is highly likely to be the canary in the Italian banking system coalmine; and sure enough today, Reuters reports that:ITALIAN PROSECUTORS...
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How Today's "Strong" Jobs Report Led To 115,000 Job Losses
While it is enticing to fall for the same old trick of reading the "quantitative", or headline, jobs data, driven entirely by the Establishment Survey, which as the BLS itself showed today, is nothing...
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The Market's Schizophrenic Reaction To Payrolls
The markets cannot make up their mind what to make of the Payrolls data this morning. Gold (and Silver) spiked and are holding gains; Treasury yields plunged and are trading lower in yield on the week...
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Dow 14,000
Presented with one comment... 'wealth' and what drove us here fromthe 10/17/07 last time we passed 14,000
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ISM Beats Expectations On Surge In Inventories
While the baffle with BS theme was strong earlier, when the UMich consumer confidence soared, rejecting the plunge in the consumer confidence tracked by the Conference Board, contrary to our...
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A BuLL SKeeTeR AND A BaLLBuSTeR...
BANZAI7 NEWS--When the Brother From Another Ponzi Planet mentioned last week that he had picked up a new hobby — skeet shooting at Camp Indebted — it was a surprising disclosure by a TOTUS whose main...
View ArticleWith David Tepper "BWICs To The Wall", Has The Smart Money Begun "Greatly...
No one typifies the bullish euphoria of the last year better than Appaloosa's David Tepper (except perhaps Laszlo Birinyi). It appears, however, that everyone's favorite perma-bull is up to his old...
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Four Charts To Panic The "Money On The Sidelines" Hopers
If yesterday's indications of the near-record overweight net long positioning in Russell 2000 Futures & incredible net short VIX futures positioning, along with the extreme flows contrarian...
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How The Fed's Latest QE Is Just Another European Bailout
Back in June 2011 Zero Hedge broke a very troubling story: virtually all the reserves that had been created as a result of the Fed's QE2, some $600 billion (which two years ago seemed like a lot of...
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Guest Post: Misunderstanding Gold Demand
Authored by Robert Blumen, originally posted at The Cobden Center,Most gold market research is based on the premise that the supply side of the market can be characterized by the quantity supplied and...
View ArticleThe Government Generously Offers To Help You "Manage” Your Retirement Account
Via Michael Krieger of Liberty Blitzkrieg blog,[ZH: We have discussed this threat over the past several years (must read).] The obvious concept is that when the government runs out of money, or they...
View ArticleThe Putrid Smell Suddenly Emanating From European Banks
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterBy now we should have gotten used to the odor emanating from banks—bailouts, money laundering, Libor rate-rigging, the other...
View ArticleGovernment Protects Criminals by Attacking Whistleblowers
It’s now obvious to everyone that – even though criminal fraud dominates Wall Street– the Obama administration refuses to prosecute white collar crime.Ronald Reagan, George W. Bush, George H.W. Bush...
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The President Shoots??
I started shooting skeet when I was just a kid. In my late teens (and when my eyes were still good), I shot a number of perfect rounds (25 out 25). Competitive shooters made fun of me because I shot a...
View Article"PM Rutte insulting his own Ministers by offering newly nationalized SNS boss...
So there's a politician from Groenlinks who had a few good (in the Dutch sense of the word) one liners for PM Mark Rutte on the radio here Saturday in rain drenched Netherlands. He said Rutte insulted...
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Guest Post: Too Big To Jail Is Here To Stay
Submitted by John Aziz of Azizonomics blog,Lanny Breuer, the Assistant Attorney General who claimed that prosecuting banks for crimes poses a risk to the financial sector and so corrupt bankers are...
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China's Creeping Toxic Smog Cloud Blankets Japan
These days one has to laugh with the Japanese, as the temptation to laugh at them is just so high. Because, sadly, the endless barrage of negative developments surrounding the "Land of the Rising Sun"...
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Stocks Slump To Tepper's Latest "Balls To The Wall" High
Following our most recent discussion of David Tepper's apparently 'now' bearish bias to financials (based on his $400mm BWIC), it appears that his latest "balls to the wall" thesis is not playing out...
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