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Euro-Land Banks In Trouble
Via Pater Tenebrarum of Acting-Man blog,A Record Amount of Bad LoansA recent study by Ernst & Young has revealed that euro-land banks in the aggregate now hold € 918 billion ($1.23 trn.) in...
View ArticleLive Tracking Asteroid D14 As It Misses The Earth By 17,500 Miles At 2:25pm...
Update: it missed.It is only fitting that in the aftermath of the earlier meteor explosion above the Russian Urals, that the world's attention next shifts to yet another historic celestial event, this...
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The Deutsche Bank, Monte Paschi Cover-Up: Tier 1 Capital and an Equity Swap
At Deutsche Bank, the job title “risk manager” might be more appropriately characterized as “campaign manager.” That is, Deutsche Bank is no more concerned with the active mitigation of risk than the...
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Wal-Mart Says February Sales "Total Disaster", Worst Monthly Start Since...
Wal-Mart shares are plunging as the firm reports a 'total disaster' in its February sales. Bloomberg obtained internal emails that note:"In case you haven’t seen a sales report these days, February MTD...
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Chart Of The Day: The DV01 Time Bomb Beneath The World's Equity Tranche
While everyone is very familiar, and at times hypnotized, with the plain vanilla equity chart of stock prices which at least in the US are near all time highs, and where the small-cup Russell 2000 -...
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Where Pigs Really Get Slaughtered
Bulls make money; Bears make money; but Pigs get slaughtered - in massive amounts in China compared to the rest of the world... and unlike Ben Bernanke's apparent life-long vendetta against bears and...
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POMO-Less Day Plunges Stocks And Precious Metals. VIX/VWAP Save The Day
JPY dumping early as G-20 showed they were as much use as a chocolate fireguard. Precious metals (then the rest of the commodity complex) cracked lower in the pre-open and USD strength but vol-crushing...
View ArticleSEC Charges Heinz Call Buyers With Insider Trading
Yesterday, after the news of the Heinz acquisition hit the market just in time to wipe away the bitter aftertaste of the biggest GDP drop in Europe since 2009, we brought you the undisputed fact that...
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More Layoffs Coming in Financial Markets
By EconMatters Trading: State of the Union I was visiting a large Oil trading floor last year, and they were having their big state of the union town hall on the floor and the CEO of the group that...
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HeiNZ INSiDeR KeTCHuP...
The irony, of course, is that they were not trusted advisors on this transaction.
View ArticleNow A Vast Political Espionage Scandal To Top Off The Sordid Corruption...
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterSpain just can’t catch a break—a horrid economy with dizzying unemployment, collapsing banks, a prime minister and ruling party...
View ArticleMilton Friedman On The Unholy Coalitions Of The Minimum Wage
This week we were told that, by the magic of a non-deficit-increasing wave of our President's hand, the minimum wage should be increased to $9 (a 24% rise from the current $7.25 federal minimum wage)...
View ArticleIf Europe Were a House... It'd Be Condemned
One of the primary focal points of our writing is the corruption that has become endemic to the political and financial elites of the world. When we refer to corruption we are referring to insider...
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Guest Post: Global Recession Tugs At US Economy
Via Lance Roberts of Street Talk Live,This recent release of the manufacturing and industrial production data added further support to our previous commentary regarding the search for the much touted...
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Is This Where The Secret JP Morgan London Gold Vault Is Located?
In a world defined by "financial innovation", where $1 of hard collateral can spawn over $1000 in repoed and rehypothecated liabilities (and assets), where "shadow banking" is far more important than...
View ArticleJames Howard Kunstler: The Dangers Of The Age Of Delusion
Submitted by Adam Taggart of Peak Prosperity,It’s characteristic of the time that we’re living in that there simply is no sense of consequence. And that’s exactly what you get when you have a Federal...
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Biases, Biases Everywhere
Look around the investing world and biases are pervasive, from clustering estimates around company guidance (anchoring) to avoiding a stock that has already outperformed (mental accounts). And these...
View ArticleGuest Post: Currency Wars Are Trade Wars
Submitted by John Aziz of Azizonomics blog,Paul Krugman is all for currency wars, but not trade wars:First of all, what people think they know about past currency wars isn’t actually true. Everyone...
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The Japanese Yen Is Still 80% Over-Valued
In the 40 years or so since the end of the Bretton Woods system, we have seen competitive devaluations occur again and again. However as SocGen notes, it appears Japan just keeps coming out on the...
View ArticleInterns At These Companies Are Getting Paid More Than You
And by "you", we mean of course the average American worker, who according to the Census Bureau averaged a full-time income of $4,400 per month, and whose plight has been documented extensively as...
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