Sarkozy Threatens With War If Euro Fails
At least the altitude, but certainly not attitude, challenged French president has finally jumped the shark when it comes to fire and brimstone pronouncements of mutual assured destruction: SARKOZY...
View ArticleGuest Post: Be Careful What You Wish For, Such As ECB Printing Money
From John Kinnucan of BroadBand Capital Management Be Careful What You Wish For, Such As ECB Printing Money Last month, global equity markets fairly demanded that the ECB hurry up and print, through...
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Barclays Estimates ECB Losses On Bond Purchases At €30 Billion, Or Nearly...
One of the recurring questions ever since the ECB's foray into sterilized monetization in May 2010, when it started buying up Greek bonds, is what is the total loss that the Eurosystem (with an €81.5...
View ArticleEurozone As Hogwarts: Where Are Albus Mario Dumbledore And Expelliarmus Debtus?
If there was one analogy for the failing artificial Eurozone system we had not heard so far, was one comparing it to Hogwarts (thank you Harry Potter). Now, courtesy of Tullet Prebon that is no longer...
View ArticleGuest Post: By the Pricking of Equity's Thumbs, Something Wicked This Way Comes
Submitted by Charles Hugh Smith from Of Two Minds By the Pricking of Equity's Thumbs, Something Wicked This Way Comes Sentiment is awfully complacent, and volatility is low. Smells like May 2011--or...
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Bonds Versus Stocks In Three Charts
We have previously eschewed the constant refrain of any and every talking head who pounds the table on adding to equity risk on the basis of 'low' interest rates - why wouldn't you earn the higher...
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Physical Silver Surges To Record 30% Premium Over Spot, In Backwardation
One of the main reasons why we have been not so focused on paper representations of real currencies (i.e., gold and silver) is that ever since the MF Global debacle, in which it became all too clear...
View ArticleJapanese Zombie Banks Perfected By Europeans
We discussed the start of a new breed of bond issuance in Europe earlier in the week. The Ponzi Bond was born and today Banco Espirito Santo, of Portugal, came to the market (was there really an...
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Surviving the First Week of 2012
Surviving the First Week of 2012 Courtesy of Phil of Phil's Stock World Yay, we made it! Last Friday the Dow closed at 12,200 and Monday we started the new year at 12,450 and yesterday we closed at...
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Euro Shorts Surge To New Record High - Is An EC Margin Hike Approaching?
The trend of relentless shorting of the Euro currency in the form of non-commercial spec contracts, and as reported by the Commitment of Traders, continues for one more week. As of January 3, EUR...
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Commodity Convergence And Debt-Equity Divergence
Equities traded at their lowest volume of the week (-19% from yesterday alone) as S&P futures volumes remain 35% below medium-term averages. The NFP print this morning provided ammunition for some...
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Record Consecutive Treasury Dump From Fed's Custody Account
While there were few nuggets worth mentioning in yesterday's H.4.1 update, one item is certainly worth noting. After we pointed out last week when we noted that there was a record monthly dump of...
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Friday Humor
For our Friday humor section, we pull up the funniest headlines from Bloomberg in ascending order. h/t John Lohman
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A Fraudclosure Story | CitiMortgage Foreclosure, Loan Mods and Lies
This was sent in by a reader of 4closureFraud.org. It pretty much covers what millions of people are going through across America. Please take the time to read it. It will help you understand how...
View ArticleGoldman's Stolper Speaks, Sees EUR Downside To 1.20: Time To Go All In?
By now Zero Hedge readers know that there is no better contrarian signal in the world than Goldman's Tom Stolper: in fact it is well known his "predictions" are a gift from god (no pun intended )...
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Hildebrand Affair - Bad All Around
Following up on Bruce Krasting's Kashya Hildebrand Speaks – Sinks Hubby? Hildebrand Affair - Bad All Around By Ilene Recall: Philipp Hildebrand, chief of the Swiss National Bank, denied wrongdoing...
View ArticleWeekly Bull/Bear Recap: New Year’s ‘12 Edition
Submitted by Rodrigo Serrano Of Rational Capitalist Speculator Weekly Bull/Bear Recap: New Year’s ‘12 Edition + U.S. ISM manufacturing logs its best result since June; led by New Orders, Production,...
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Guest Post: Has Italy Gone Fascist?
Submitted by Morpheus Has Italy Gone Fascist? In August this year, CLSA’s Russell Napier wrote: “Italy is scary – yields will rise when governments chose to take money from their savers – what Russell...
View ArticleSol Sanders | Follow the money No. 100 | The limits of personal diplomacy
Latest from Uncle Sol, a version of which may apear in the Washington Times Monday -- Chris Follow the money No. 100 | The limits of personal diplomacy Sol Sanders <solsanders@cox.net> Back in...
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Iran Launches New Military Exercise, This Time Along Afghanistan Border
While the aftermath of the first 10 day Iranian wargame in the Straits of Hormuz is still lingering, especially in the price of oil, and the world is bracing itself for parallel exercises between a...
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