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Bank Of Japan Head:"No Bubble Here" As Nikkei Rises 45% In 2013
Take a good look at the chart of the Nikkei below:Supposedly this is the same chart that the new BOJ head, Haruhiko Kuroda, was looking at when he was responding to Japanese lawmakers during a session...
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No BaNK DePoSiTS WiLL Be SPaReD FRoM CoNFiSCaTioN
As alert Zero Hedge readers are aware, this week the EURO Politburo is busy debating the dodgy subject of deposit "bail-ins."The following article very succinctly explains this odious mode of fractal...
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Producer Prices Plunge, Empire Fed Slides To First Negative Print Since January
One of these days we might just get a positive economic print, of the kind that the meandering Tepper was saying is visible everywhere now. Just not yet. Moments ago we got the releases of the May PPI...
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Five Charts To Start The Day
It would appear that the credit markets both anticipated and began to price in what is now the worst recessionary period for the European Union on record a few days ago. However, their exuberant,...
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Industrial Production, Capacity Utilization Both Miss: Good Weather Blamed
And the hits just keep on coming.Following today's misses in PPI and Empire Fed, it was up to the Fed's April report of Industrial Production and Capacity Utilization to provide at least some validity...
View ArticleUncharted Territory Cannot Go On Forever
Via Mark Grant, author of Out of the Box,The greatest disconnect in the world today is the underlying economies of the world and the markets; all of the markets. This river is wide and getting wider...
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These Offshore Tax Havens May Be Hazardous For Your Deposit Confiscation Health
In the aftermath of the Cyprus deposit confiscation template, the first thing we did is to present not only the countries that are the biggest offshore tax havens in context, but more importantly, the...
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Argentines Are Hoarding 1 Of Every 15 Cash Dollars In The World
With the shadow (or blue) market for Argentina Pesos already devalued by an incredible 50%, it is little surprise that the population is bidding for any store of value. Demand for luxury cars is...
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US Amphibious Assault Ship "Kearsarge" And 26th Marine Unit "Visit" Israel
Two weeks ago, when we reported on the news of yet another aerial assault by Israel on Syria, we said that "while speculation a US-led escalation is ripe, the lack of any US naval support (as shown by...
View ArticleS&P Downgrades Berkshire From AA+ To AA, Outlook Negative
Obviously with Buffett a major shareholder of Moody's, the only place where a downgrade of Berkshire could come from was S&P. Moments ago, the rating agency that dared to downgrade the US for which...
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Tragic Trifecta: Initial Claims Soar, Housing Starts Plunge, CPI Below...
We didn't really need a confirmation that the economy was deteriorating and completely disconnected from the "market", but we got it nonetheless. First, Initial Claims coming at 360K, on expectations...
View Article“Leadership” or Lack Thereof
Recently in the United States we’ve heard news that the IRS (Internal Revenue Service) is guilty of discriminating against conservative “non-profit” or not-for-profit entities. Any group with the name...
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Multifamily Starts Suffer Biggest Monthly Plunge Since 2006: Is The...
It is no secret that in addition to the well-known phenomenon of "foreclosure stuffing", one of the primary drivers of the artificial housing "recovery" has been the surge of hedge funds and asset...
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Gold Demand In One Chart: Physical vs ETF
China's demand for gold jumped 20% to 294 tonnes in the first quarter of 2013, while global gold demand overall slid 13% thanks to the dramatic rotation of demand from paper to physical. Chinese demand...
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Same Old: Stocks, Bonds, VIX All Green
The S&P 500 has managed to get back into the green; VIX is back above 13; and 10Y yields are down 4bps... 'new normal'
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Philly Fed Misses, Key Indicators Negative Across The Board: Employment Index...
It's just getting plain stupid out there. Just as stocks were exploding into the green (perhaps on expectations of an epic Philly Fed miss), the Philly Fed did not disappoint, printing at -5.2, down...
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Gold Demand Remains Strong As Buying Records Continue To Tumble
Today’s AM fix was USD 1,377.00, EUR 1,070.01 and GBP 904.32 per ounce. Yesterday’s AM fix was USD 1,412.25, EUR 1,094.51 and GBP 926.67 per ounce. #333333; font-size: 12px; line-height:...
View ArticleBill Gross Enters Political Activism
Gross: AP, IRS? Ask not what you can do for your country, ask what your country can do TO you.— PIMCO (@PIMCO) May 16, 2013
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Google Spreads Its Wings Launching A Plethora Of Game Changing Products &...
On Monday I posted Google Q2 2013 Update: Valuing Possibly The Most Powerful Co. In The World?, an update on Google's valuation and target price points for my subscribers. In said piece, I illuminated...
View ArticleFrontrunning: May 17
Mine union threatens to bring South Africa to 'standstill' (Reuters)Russia Raises Stakes in Syria (WSJ) - as reported here yesterday Japan buys into US shale gas boom (FT)Bill Gates Retakes World’s...
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