Friday Humor: "JP Morgan Has Insurance To Cover Custody Of The Metal"
In the aftermath of the Cyprus deposit confiscation, everyone can be excused about feeling a little bit concerned about their deposits held at a European (or any other) bank. Everyone can certainly be...
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How Today's Non-Farm Payroll Release Looked To An Algo
Courtesy of Nanex, here are several depth of market charts showing how today's NFP number looked like through the eyes of the kneejerk response algos, and how quantized, sub-millisecond jumps in the...
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Sprott: Why SocGen Is Wrong About Gold's Imminent 'Demise'
Submitted by David Franklin and David Baker via Sprott Group,A Retort to SocGen’s Latest Gold ReportSociété Générale (“SocGen”) recently published a special report entitled “The end of the gold era”...
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Currency Positioning and Technical Outlook: Dollar Heavy, Losses Loom
We have been looking for a downside correction to the US dollar and last week recognized that the anticipation of central bank meetings and US employment data were clouding the technical outlook. The...
View ArticleObama Proposes Retirement Account Limit In First "Wealth Tax" Salvo
The witch-hunt against the "rich" (as defined by a random group of people) through the establishment of creeping global capital controls continues. First, it was Europe deciding that €100,000 in...
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Hank P's "Pinch" - The Fannie/Freddie Story
Former Treasury Secretary Hank Paulson has been coming out of the closet and doing some talking, He spoke on Bloomberg the other day, (Link). He was asked about the record profit of $17B at Fannie Mae...
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Chinese H7N9 Bird Flu Strain Found In Chickens, Poultry Markets Closed,...
When we updated last on the most recent happenings in Shanghai (and now various adjoining provinces) as a result of the spread of the H7N9 bird flu, which has so far taken 6 lives, we warned that it is...
View ArticleEndangered Species: An Entrepreneur In France
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter“I need to hire more people, but the government won’t let me,” said my friend, an internet entrepreneur in France, one of the...
View ArticleThe Knockout Blow People Will Not See Coming
Submitted by Simon Black of Sovereign Man blog,Have you ever done something really stupid, just because you were in love? Something you look back on and cringe, thinking “why on earth did I do that?”Of...
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These Charts Better Not Reflect The True State Of The US Economy
Lately, when it comes to obtaining an accurate sense of the true state of the US economy, it is as difficult if not more than analyzing the openly-manipulated Chinese data. On one hand, the Fed-juiced...
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THe END oF MF GLoBaL
"[A] spokesman for Mr. Corzine argued that"there simply is no basis for the suggestion that Mr. Corzine breached his fiduciary duties or was negligent.”--NYT"There is nothing fiduciary or negligent...
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Ireland, You May Very Well Be Bust & I Make No Apologies For What I'm About...
Ireland, I Make No Apologies For What I'm About To Show You. You have had a banking crisis that nearly wiped you out. In an attempt to save the banking system (potential mistake #1), you brought the...
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Guest Post: Decline And Fall Of The New Rome
Submitted by Luke Eastwood Decline And Fall Of The New RomeRampant inflation, caused by debasement of the currency, government corruption and nanny state corrective action that makes matters worse....
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New Radioactive Leak Found At Fukushima After Rat Causes Second Cooling...
The Fukushima farce continues: a month after a rat (no really) caused the cooling system at the exploded Japanese nuclear power plant to fail, history repeats itself, leading to the second cooling...
View ArticlePortugal Considers Paying Public Workers In Treasury Bills Instead Of Cash
As reported late on Friday, just as the market closed, the Portuguese constitutional court decided that several provisions of the country's 2013 budget were not constitutional. According to the high...
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Guest Post: The Country Is Over
Originally posted at Monty Pelerin's World blog,Data are hard to deal with when your vision is on the wrong side of it. Those wanting to claim there is a recovery underway are having just this problem....
View Article"Livid" Chinese Top Economists Call BOJ Decision "Monetary Blackmail", Demand...
The Chinese Central Bank has so far stoically endured the monthly injection of $85 billion in boiling hot money for the past seven months, lovingly delivered by the inhabitants of the Marriner Eccles...
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Q1 Earnings Preview - Can The Banks Save The Quarter?
While Q1 expectations have been marked down notably, the full year has hardly budged as the back-end of 2013 gets more and more loaded with margin expansion hope and earnings growth faith. As Goldman...
View ArticleRecord 2,564 Spanish Firms File For Bankruptcy In Q1, 45% Higher Than Year Ago
Perhaps the best measure to gauge the European recovery is by the soaring number of companies going bust, because only from this perspective is Europe finally "fixed." As Reuters reports citing a...
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