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Key Events And Issues In The Week Ahead
In the US, retail sales are expected to continue to slow in the headline, while retail sales ex autos, building materials, and gas should turn positive in April according to Wall Street analysts....
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US, South Korea Begin Joint Naval Exercises Involving US Aircraft Carrier
For all his endless posturing, North Korea's Un has done absolutely nothing. And if his inability and unwillingness to translate threats into actions continue, that will pretty much be it for North...
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Japan: Nothing Fails Like Success
(co-authored with my Tokyo-based colleague Masashi Murata)Abenomics appears to be off to a fairly successful start, despite the volatility in the JGB market. The yen is sharply lower. Equities are...
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India Trade Deficit Deteriorates As Gold Imports Soar 138%
India's economic boogeyman, the monthly trade deficit, continues to rear its ugly head, this and every time, driven be the country's insatiable desire for gold which is so powerful, the country took...
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Retail Sales Post Modest Beat Despite Ongoing Plunge In Gasoline Sales
In keeping with the now constant trend of baffle with BS, since everyone was expecting a weaker advance retail sales print, just like with the BLS report, it was virtually assured that the data would...
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China’s Consumption of Gold and Acquisition of Gold Mines Continues
Today’s AM fix was USD 1,429.75, EUR 1,102.52 and GBP 931.19 per ounce. Friday’s AM fix was USD 1,449.25, EUR 1,114.12 and GBP 941.62 per ounce. Cross Currency Table – (Bloomberg)Gold fell $12.90 or...
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What Bloomberg Tells Us About The Whereabouts Of The NY Fed's Traders And...
Thanks to the handy Bloomberg surveillance tools, we know that there are 287 current members of the Federal Reserve Bank of New York with access to a terminal. As of this moment an unimpressive 10% of...
View Article"No One Gets Rich Betting Against The Market - Until The Moment The Market Is...
Via Bill Blain of Mint Partners,There a couple of good reasons to be more than moderately concerned about what’s happening in the fixed income space. Once more my gallant crew, we are sailing into...
View ArticleMuted Sentiment Following German Confidence Miss
There was a time three months ago, when "beating" German confidence served as an upward stock and EURUSD catalyst not once but twice in the same week. One would therefore assume a German confidence...
View ArticleDan Loeb Goes Activist On Sony: Demands Partial Spin Out Of Sony...
Can Sony repeat the magic of the Walkman, the Playstation and the Trinitron? Maybe, maybe not not, and judging by the stock price, soaring recently due to the plunge in the Yen which to many implies a...
View ArticleFrontrunning: May 14
Controversies give Obama new governing headaches (Reuters)About that Capex... BHP to Rein In Investment, Chief Says (WSJ), considers returning cash to shareholders (FT)Bloomberg users’ messages leaked...
View ArticleTuesday Humor: Lloyd Blankfein Facts
When Lloyd Blankfein drives through highway tolls, they give him money.There is no backspace button on Lloyd Blankfein's keyboard. Lloyd Blankfein never makes mistakes.Lloyd Blankfein donates blood to...
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DOJ's "Nixonian" Phone Spying Scandal Sets Labor Unions Against Obama
It is just a few hours old, and already the Department of Justice's (legal) AP phone spying scandal has generated unintended consequences, by alienating and confronting Obama with his traditionally...
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The Volkstesla Squeeze
Back in 2008, Volkswagen briefly became the most expensive stock in the world on what would become the case study of an epic short squeeze when following some (malicious) capital structure drama, the...
View ArticleDavid Tepper Blesses The Market And Awaits "Manufacturing Renaissance"
While every other hedge fund manager is bashing Bernanke, we finally found one who loves the Chairman, unabashedly. The last time the outspoken hedge fund manager appeared on CNBC it was to pump...
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Russia Captures US Embassy Worker In Act Of CIA Recruitment; CIA's "Dropbox"...
Following the just concluded recent visit by John Kerry to Russia, one may have been left with the impression that the tensions of the Cold War are dead and buried. Just the opposite it appears. In...
View ArticleMichigan School Shuttered After Taking Money For Services Not Provided
The Buena Vista school district in Michigan accepted $402,000 of aid over three months from the state for a service is was not providing. As RT reports, the school district has taken the drastic steps...
View ArticleDespite Abenomics Japan's Sharp Post Biggest Loss In 100 Years
As reported earlier, at least one prominent hedge fund manager, Dan Loeb, is very bullish on Sony (or at least has played his cards well enough to buy the stock 50% lower and is using today's ramp to...
View ArticleFrontrunning: May 15
Once a beacon, Obama under fire over civil liberties (Reuters)Eurozone in longest recession since birth of currency bloc (FT)EU Oil Manipulation Probe Shines Light on Platts Pricing Window (BBG)BMWs...
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France Double-Dips As European Recession Is Now Longest On Record
Confirming that in a world in which either commercial or central banks have to be constantly be churning out debt, and in a world in which Europe is doing neither (with European commercial loan growth...
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