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What the Options Market is Telling Us about the Spot Market (Euro, Yen and...
The options markets may generate insight into the direction of the spot foreign exchange market and what traders may be fearful of. For our purposes here we will look at two measures for the euro, yen...
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Chart Of The Day: Chinese Stocks Turn Red For The Year
There was much chatter by the punditry in the early part of 2013, when the Shanghai Composite appeared relentless in its surge, when it was tracking the S&P virtually tick for tick, hitting a 2013...
View ArticleIf History Is Any Lesson - Naaah!
Submitted by Mark J. Grant, author of Out of the Box,“Private were you about to shoot that man?” “No Sir, just a warning shot through the skull.” I would say that we are in the void; a place where not...
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Obama's Next 'Sweet' Bailout
"Clearly, the USDA has made up its mind that Big Sugar is going to trump the American consumer," is how industry exec perceives the news that the government is considerng buying 400,000 tons of sugar,...
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Guest Post: NFIB: "No Sign Of A Surge In Confidence"
Submitted by Lance Roberts of Street Talk Live,The latest release of the National Federation of Independent Business Small Business Survey was a bit of dichotomy of interpretation. Econoday stated...
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Fed Pre-Monetizes 30 Year Bond To Be Reauctioned Off Tomorrow
Steven Spielberg gave us Pre-Crime; Ben Bernanke gave us Pre-Monetization. Moments ago, as part of today's concluded $1.464 billion market funding POMO operation, one of the issues purchased by the Fed...
View ArticleIgnoring These Two Warnings Could Cut Your Portfolio By a Third
The Fed’s let the inflation genie out of the box. It’s not going to show up in the CPI because US Government changes the CPI regularly to underplay the threat of inflation. However, if you look at...
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Dash For Absolute Trash Outperforms Everything In 2013
Worried about potential bankruptcy next week, buy the stock. Concerned at slumping top- and bottom-line misses, buy the stock. Regulatory oversight, buy the stock. Over-leveraged, buy the stock....
View ArticleThe Complete History Of JPMorgan's "Monstrous" Derivative Risks And Abuses -...
Curious what according to Jamie Dimon is just a "tempest in a teapot", or, alternatively, why Mr. Dimon is richer than pretty much all of you, here is the full 307 page report that explains everything,...
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ALL HaiL THe QUaNTiTaTiVe EaSeRs...AND BeWaRe THe IDeS oF FARCE...
. . . . .Been there, done that one already. . . .Eric and Jamie are "friends"We know how this love affair endsJamie's a whaleWho's Too Big Too JailSo Eric subserviently bendsThe Limerick King
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What Really Happened To JP Morgan In The Market - A Simple Example
On the day of the unexpected JPM conference call in May of 2012, during which the initial extent of the London Whale fiasco was revealed, Zero Hedge presented a full, visual breakdown of everything...
View ArticleBecause It Worked So Well For Stalin...
Submitted by Simon Black of Sovereign Man blog,Five-year plans in the Land of the Free? Apparently it’s not that far off from reality.Yesterday Senator Tom Harkin introduced S. 544, “a bill to require...
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When A JPM "Hedge" Is Anything But A Hedge - In JPM's Own Words
While JPMorgan's arrogance and complete ignorance (intentional or not) of both risk limits and regulatory expectations is now grossly obvious, the fact remains that a lie is a lie and given the...
View ArticleJapan: Front-Runner Of Outright Monetization
Authored by Ryutaro Kono of BNP Paribas,Democratic governments in low-growth economies sometimes rely on their central banks to support fiscal policy so as to avoid asking voters to share more of the...
View ArticleMarc Faber Rationalizes The Irrational And Fears China's "Colossal Credit...
Though infamous for his doom and gloom more than boom, Marc Faber explains in this brief CNBC clip how the herd-like behavior in stocks and real estate is actually not totally irrational as it is...
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UBS: The Great Rotation Is Much Ado About Nothing
Authored by Matthew Mish, UBS StrategistThe Great Rotation debate: much ado about nothing?The concept of the Great Rotation continues to garner significant investor attention. From a flow perspective,...
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Crime and Punishment
I just returned from the barber (I don't like my hair getting even somewhat longish, and I find getting a haircut surprisingly relaxing). While there, I thumbed through the Palo Alto Daily Post. In it...
View ArticleGovernment Transparency Hits Record Low
Submitted by Michael Krieger of Liberty Blitzkrieg blog,“It’s National Security”…Government Transparency Hits Record Low in 2012 Under ObamaSurprise, surprise... the 'most transparent administration...
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Market 'Plunges' By 0.17%, Worst Drop In Three Weeks
The streak is dead - long live the streak - for the first losing Friday of the year. A sad day among the media though Maria B did proclaim "today was a victory even though we were down," so we can rest...
View ArticleHoward Marks: "It Isn't Just A Windfall, It's A Warning Sign"
Despite the all-knowing Alan Greenspan confirming there is no irrational exuberance currently, Oaktree Capital's Howard Marks is less convinced. Though he is not bearish, he lays out rather succinctly...
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