IRS' Lois Lerner Put On Involuntary Paid Vacation
The IRS' Lois Lerner may not be the most proficient when it comes to hiding years of alleged conservative group persecution, or subsequently pleading the fifth and avoiding self-incrimination in what...
View ArticleIs America’s Economy Being Sovietized?
Submitted by Brandon Smith of Alt-Market blog,The foundation of the Soviet model of trade and investment was centralization under the guise of "universal public ownership". The entire goal of communism...
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Japanese Stocks Open +1.5%; Bonds Half-Way To Limit Down
It seems the correlation to USDJPY has started to disintegrate and what is more worrisome for the BoJ is the linkage between JGBs and the Nikkei 225. Equities in Japan are about to open to a modest...
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All I Want For Christmas Is The S&P (The Las Vegas Period)
From Paul Mylchreest of Monument Securities We are approaching a critical point (again) in the “battle royal” between the forces of inflation and deflation. Deflationary forces are threatening to...
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China's Bird Flu Goes Airborne
As if China was not suffering enough from a slumping economy, the South China Morning Post now reports that the H7N9 'bird flu' virus that has infected 131 people (and killed 36) so far can be...
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As Of This Moment Ben Bernanke Own 30.5% Of The US Treasury Market... And...
As is well-known by everyone, the Fed monetizes the US deficit on a daily basis, thanks to the 45 minutes of POMO love each day when it buys Treasuries from Dealers. Of course, the Fed monetizes bonds...
View ArticleJapan Has Officially Gone Insane
On one hand:BOJ OFFERS TO BUY 300B YEN DEBT WITH MORE THAN 10YR MATURITYBOJ OFFERS TO BUY 600B YEN IN 5-10YR GOVT DEBTand on the otherABE SAYS BOJ ISN’T DIRECTLY BUYING GOVERNMENT DEBTWe give up:...
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Will It Be Inflation Or Deflation? The Answer May Surprise You
Submitted by Michael Snyder of The Economic Collapse blog,Is the coming financial collapse going to be inflationary or deflationary? Are we headed for rampant inflation or crippling deflation? This...
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Abenomics 101 - The 15 Most Frequently Asked Questions
With the first arrow of Abenomics perhaps hitting its limit, it will be the second and third arrows that need to occur quickly and aggressively to carry this momentum forward (and for the economy to...
View ArticleGuest Post: Are Pipeline Spills A Foregone Conclusion?
Submitted by Daniel Graeber of OilPrice.com,Exxon Mobil hasn't asked federal regulatory authorities to restart the Pegasus oil pipeline, which burst open in a neighborhood in Mayflower, Ark. In March,...
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Stick Save To Close The Week
Bulls are a determined and desperate bunch. There were two consecutive days of large sell-offs this week but on each day dip buyers entered to make things more respectable. Let’s face it, bulls have...
View ArticleJack Lew's Triple Whammy - IRS Ignorance, Corzine Corruption, And The 'War On...
While some, we are sure, will view this brief clip as partisan showmanship by Representative Steve Pearce, the questions he asks Treasury Secretary should surely be responded to in some manner that is...
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FX Price Action: What's Next?
The main development in the foreign change market over the past week has been the short squeeze of the yen, and to a lesser extent, the Swiss franc.The move coincided with a backing up in JGB yields,...
View ArticleThe Dreaded Curse of the IMF!
It looks like the International Monetary Fund has been jinxed. It’s fated. It’s doomed! The next managing director should start wearing garlic around their neck already or at least burn sage in their...
View ArticleThe Gods Of The Marketplace
Submitted by Mark J. Grant, author of Out of the Box,"It's the lure of easy money. It has a very strong appeal." -Glenn Frey, Smuggler's Blues Investors borrowed $384.4 billion in...
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Bond Vortex In The Works?
I got an email from a friend who runs money for a hedge fund that got my interest: may want to take a look at convexity vortex in mbs market and implications... "Convexity vortex'? What's that about?...
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Why Central Bankers Rule The World
What's been amazing of late hasn't been the market swings but the extent to which central bankers have contributed to them. Every press conference, statement and newspaper leak of central banks has...
View ArticleWhat The Bulls Must Believe
Via Sean Corrigan of Diapason Commodities' Tangible Ideas,Even if the monetary fuel for this whirl of self-reinforcement is not lacking, the market still needs a narrative around which it can cluster...
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First, Gold; Second, Japanese Equities; Who's Next For The 8-Sigma Risk Flare?
It is not just the massive short positioning in Gold futures that has BofAML's commodity strategists concerned; but the regime changes in the precious metal's volatility structures suggests risks are...
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Guest Post: The Fed's Real Worry - A Pick Up In Deflation
Submitted by Lance Roberts of Street Talk Live blog,In several of my recent missives I have made several references to the wave of deflationary pressures that are currently encircling the globe....
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