Guest Post: The ECB Is Very P.O.'d
Submitted by Finance Addict The ECB Is Very P.O.'d The big news out of Europe on Friday was not S&P’s downgrade of 9 countries, France included. The ratings agency told us weeks ago that it might...
View ArticleThe Rise Of Activist Sovereign Hedge Funds, The "Subordination" Spectre, And...
When Zero Hedge correctly predicted the imminent rise of the "activist sovereign hedge fund" phenomenon first back in June 2011 (also predicting that the "the drama is about to get very, very real")...
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Has The ECB Given Up On Portugal?
Despite disappointing auction results in France, the downgrade hangovers (sell the rumor, buy the news?), and increasingly likely Greek PSI talk epic-fail, most European sovereigns are rallying...
View ArticleS&P Says Greek Default Imminent
Time for the dominos to fall where they may: head of sovereign ratings at S&P Kraemer spoke on Bloomberg TV, and said the following: KRAEMER: GREECE, CREDITORS `RUNNING OUT OF TIME' IN DEBT TALKS...
View ArticleGuest Post: A Useful Fiction: Everybody Loves A Melt-Up Stock Market
Submitted by Charles Hugh Smith from Of Two Minds A Useful Fiction: Everybody Loves A Melt-Up Stock Market A sudden sharp decline in stocks may not thrill retail investors, but it would be catnip for...
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Investor Sentiment: An Important Juncture
There is a sense of incredulousness regarding the recent price action. The market seems to levitate day in and day out despite the news. Dips are limited to 15 minutes of intra-day action. Volume? We...
View ArticleS&P Downgrades EFSF From AAA To AA+, May Cut More If Sovereign Downgrades...
And so the latest inevitable outcome of the French downgrade from AAA has arrived, after the S&P just downgraded the EFSF, that pillar of European stability, from AAA to AA+. S&P adds: "if we...
View ArticleJust Say Nein - Bundesbank On European QE: "Abandon The Idea Once And For All"
While it will hardly come as a surprise to many that after making it abundantly clear that Germany is in total disagreement with ECB monetary policies, culminating in the departure of Jurgen Stark from...
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Cracks in the Facade
Cracks in the Facade (Excerpts from Stock World Weekly) The S&P downgraded nine eurozone countries on Friday, announcing the following actions: the lowering of long-term ratings on Cyprus, Italy,...
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A Shocking €1 Trillion LTRO On Deck? CLSA Explains Why Massive Quanto-Easing...
It is a pure coincidence that following the previous report of stern condemnation of traditional ECB QE in the form of Large Scale Asset Purchases (LSAP) by the Bundesbank, we should follow it up with...
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Guess The Politician... And Follow The Money
A few days ago we presented a roster of the top contributors to Mitt Romney's 2012 presidential campaign as reported by OpenSecrets. Today we have done the same for two other candidates, representing...
View ArticleProtesters Occupy the Federal Reserve in Honor of Martin Luther King, Jr.
Martin Luther King, Jr. organized an "Occupy DC" protest shortly before his assassination to bring attention to economic inequality. Today, protesters honored Dr. King’s vision by staging occupy...
View ArticleA Tale of Two Banks: Citigroup and Wells Fargo
Your humble scribe is scheduled to be on CNBC Squawk Box on Tuesday, January 17th ~ 8:00 ET to talk about the large bank earnings parade, especially Wells Fargo (WFC) and Citigroup (C). As with the...
View ArticleCrap, Sovereign Debt Downgrades Matter?
Wolf Richter www.testosteronepit.com After they were downgraded in early August, US government bonds gained upward momentum and yields fell below 2% for the 10-year T-note. Japan, which has danced...
View ArticleMorgan Stanley To Cap Cash Bonus At $125,000 (With Footnotes)
That after last year's abysmal performance on Wall Street, best summarized by the following quarterly JPMorgan Investment Banking revenue and earnings chart, bonuses season would be painful should not...
View ArticleSecond MF Global Unveiled As Canadian Regulator Accuses Barret Capital Of...
When we learned of the MF Global client theft scandal, in the aftermath of its sudden bankruptcy filing, the one thing we predicted would happen (in addition to Jon Corzine never going to prison) was...
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Graham Summers’ Weekly Market Forecast (Has the Can Hit the Wall? Edition)
As usual, bad news was released over the weekend when the least number of people are paying attention. In this particular instance the bad news was: 1) S&P downgrading nine EU countries,...
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What Rosenberg Is Looking At - Rolling Margin Debt Has Gone Negative
With market dynamics continuing to be virtually identical to the start of last year, many struggle to find what incremental events at the margin may determine what is not priced in by the market...
View ArticleGermany’s Fed Up and Getting Ready to Walk
For months I’ve been warning that when push come to shove Germany will bail on the Euro. The reasons for this are simple: 1) The German public and court system won’t stand for QE from the European...
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Guest Post: Another Reminder Of How The US Government Destroys Business
Submitted by Simon Black from Sovereign Man Another Reminder Of How The US Government Destroys Business One of the most phenomenal human beings I’ve ever met hails from Harare, Zimbabwe of all places....
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