Bland Beige Book Belies Moderate, Modest, Mild Growth (Again)
Once again the words that dominate the Fed Beige Book are those of underwhelming medicority:*FED SAYS `MODERATE' GROWTH IN U.S. WAS LED BY HOUSING, AUTOS*FED SAYS U.S. CONSUMER SPENDING `GREW...
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SuSPiCiouS PHoTo...
. This criminal plans his attack His heart is a cruel shade of black The Mad-Bomber Benny His targets are many A terrorist PhD quackThe Limerick King
View ArticleFarage Unleashed: "You Are Common Criminals"
"Years ago, Mrs Thatcher recognized the truth behind the European Project," UKIP's Nigel Farage reminds his European Parliament 'colleagues', "she saw that it was about taking away democracy from...
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'Cleanest Dirty Shirt' Or 'Greatest Fool'?
Little comment necessary here except a reminder for US investors that return of capital is a higher priority than return on capital and the divergences are becoming increasingly unsustainable. As...
View ArticleChina's Animal Apocalypse Spreads To Dogs
First it was floating dead pigs, then ducks, then black swans, then mass chicken exterminations, then fish, and now more pigs and also a brand new entrant to the Chinese animal apocalypse: dogs.AP...
View ArticleEgan-Jones Downgrades Germany From A+ To A, Outlook Negative
The more you try to shut them up, the more they have to say...Just out from Egan-Jones4/17/2013: Federal Republic Of Germany: EJR lowered A+ to A (Neg.) (S&P: AAA) (3413Z GR) Although Germany's...
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Stocks Slammed To Worst 4-Day Run Of 2013
Despite a well-placed Nikkei headline (at 3am Japan time) that spooked JPY lower in an effort to ramp stocks, S&P futures closed down around 22 points to cap the worst 4-day high-low swing swince...
View ArticleBackground Check Amendment Fails To Pass Senate, Gun Control In Tatters:...
Following a full court press by the Obama administration, and specifically gun tzar Joe Biden, to legislate "stronger" gun law in the last several months ever since the Sandy Hook massacre, the...
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Big Ööps: Deutsche Börse Says "Flash Crash Can't Happen Here" A Week Before...
Yesterday, courtesy of Nanex, we provided a close look into the internals of the flash crash that took place in yesterday's trading session of German stocks. What was made obvious, is that this crash...
View ArticleThe Euro Legacy: In Greece, Children Pick Through Trash Cans For Food
"We have reached a point where children are coming to school hungry," as with an estimated 10% of Greek elementary and middle school students suffering from 'food insecurity', the troubled nation has...
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In The Past 48 Hours, AAPL Has Lost More In Market Cap Than All Of...
In the last 48 hours, everyone's beloved stock - AAPL - has lost around $35 billion in market capitalization. That is larger than the entire market capitalization of these large-cap...
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Goldman Confirms Slowdown Accelerating
Two weeks ago we showed the notable cyclical collapse in Goldman Sachs' business cycle 'Swirlogram', due to a combination of downward revisions in over-adjusted data and actual economic decline. The...
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S&P Breaks Key Trendline For First Time In 2013 As Tech Earnings Disappoint
Despite the ubiquitous last-hour rampalooza, the S&P 500 was unable to close back above its 50-day moving average. This is the first close below this key price level in 2013 as high-beta Tech...
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Photos And Video Of Boston Bombing Suspects Released
Moments ago the FBI released on its website, which was promptly DDOSed, pictures and a video clip of the two Boston Bombing suspects. Both appear Caucasian. The pics are attached below. The FBI is...
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Boston Marathon Bombing FBI Press Conference - Live Stream
With CNN not reporting anything (or retracting anything), we hope the FBI can clean up some of the 'facts' with regard the terrorist attack on Boston.(Via Chart Girl) "Contrary to widespread reporting,...
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Guest Post: Unintended Consequences Are Increasing World Demand For Gold
Submitted by Chris Martenson of Peak Prosperity,With the financial experts claiming, some gleefully, that gold has "lost its safe haven status" in the aftermath of its biggest tumble in 30 years, many...
View ArticleReuters Releases George Soros Obituary By Mistake: "Enigmatic Financier,...
Update - that didn't take long:Reuters erroneously published an advance obituary of financier and philanthropist George Soros. A spokesman for Soros said that the New York-based financier is alive and...
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Guest Post: Are Earnings Expectations Realistic?
Authored by Sheraz Mian of Zacks Investment Research (originally posted at The Burning Platform blog),We all know that markets don’t always reflect the health of the economy. It is not unusual to...
View ArticleGold Doesn't Pay a Dividend... But It Doesn't Commit Fraud, Steal Depositor...
The mainstream media is rife with investment “experts” who missed the 10- year bull market in Gold and Silver. These guys are now high fiving about Gold’s drop, like they’re geniuses for avoiding...
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Fed Governor Stein Warns When A TBTF Bank Fails, Depositors Will Be Cyprus'ed
Two months ago, Fed governor Jeremy Stein caused a major stir among the very serious excel-using economists and other wannabe"scientists"-cum-voodoo witchdoctors, when he hinted that it was the Fed's...
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