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Being Bernanke - The Game
Think it's easy printing green? Believe you could do a better job than our illustrious bubble-blower-in-chief? The WSJ has created 'The Federator' in what we assume is a qualifying process for a...
View ArticleYen Spikes On News Japan Set To Impose New Forex Margin Trading Rules
Moments ago the 101 USDJPY tractor beam was broken, sending the pair lower, as a red headline hit the tape saying that...JAPAN TO IMPOSE NEW RULES ON FOREX MARGIN TRADING, NIKKEI SAYSWhich incidentally...
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When An FX Margin Clerk Flaps Its Wings In Japan, US Stocks Slide
Both VIX and credit markets decoupled to the downside soon after Europe closed as equities clambered higher amid lower and lower volumes. As we headed into the last hour though both markets snapped...
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US Worker Wages: "Not Off The Lows"
Earlier today, we presented what the Nielsen-ratings crater known as CNBC would call a "cautiously optimistic" view of the US future, showing that while the US economy has has its biggest ongoing...
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Are Bond Yields Set To Soar? Not So Fast
Via Andy Kessler of Kessler Investment Advisers,US Treasury yields have risen sharply in the last four weeks with 10yr yields higher by about 50 basis points. We are the first to admit that we didn't...
View ArticleIt Is 3 Times Easier To Get Into Harvard Than To Become A Goldman Summer Intern
While the acceptance ratio at Harvard, the lowest of any university, is 5.9%, Goldman Sachs has just topped it for 'exclusivity'. As Gary Cohn explains in this brief Bloomberg clip, the firm hired 350...
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Investing in White Gold!
Article courtesy of http://capitalistexploits.at/China circa 2008… six babies die from severe kidney damage while another 300,000 suffer kidney stones. As it turns out, melamine isn’t meant to be in...
View ArticleGuest Post: Would It Make Sense For The Fed To Not Manipulate The Gold Price?
Submitted by Lucas JacksonWould It Make Sense For The Fed To NOT Manipulate The Gold Price?“Oh, what a tangled web we weaveWhen first we practise to deceive!” -Sir Walter Scott, Marmion, 1808 I...
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The Centrally-Planned World Through The Eyes Of Rocky And Bullwinkle
Authored by Mark Yusko of Morgan Creek Capital Management,Some of my first memories of television are of a series called The Rocky and Bullwinkle Show, which was a witty combination of animated...
View ArticleThe 34 Words That May Have Caused Today's Crash In Stocks
There is much consternation about what triggered today's rapid escalation of selling pressure in US stocks. As the evening wends on and traders sip their Absinthe, it appears an embargoed record of the...
View ArticleSelect Highlights From Goldman's End Of Trading Recap
From vampire squid:Some color on the extent of the selling from Laine Litman on the futures desk: Starting 6 minutes before the cash close we saw a strong sell off in ESM3. As predicted, volumes and...
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On Crushing Student Loans, Worthless College Degrees And The Millennials
Submitted by Charles Hugh-Smith of OfTwoMinds blog,The existing social and financial order is crumbling because it is unsustainable on multiple levels. The central state is not the Millennials' friend,...
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Ben Bernanke Capital May P&L: ($115) Billion
For all the attention paid to the 1.9% drop in PIMCO's $293 billion Total Return Fund in the month of May following one of the worst months for bonds in a long while, perhaps a far more important...
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The Merry Month of May Ends
Historically girls dance around the Maypole winding the ribbons up. Then they reverse and unwind those ribbons. Is this an appropriate metaphor for May 31, 2013?Global economic data Friday was weak....
View ArticleHow to Predict the Upturn?
In these troubled times, there are things that are much nicer to think about or look at as indicators of how business is going and who’s buying what and who’s off-loading where. It’s not all boring...
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The Kids Are (Not) Alright
While the U.S. student loan debt “crisis” might be the primary concern associated with the youth population here, this morning's dreadful European data confirms that 15-24 year olds around the world...
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Will Sallie-Mae's Break-Up End The Cov-Lite Cravings?
Over the past few months we have explained in detail just how 'frothy' the credit market has become. Probably the most egregious example of this exuberance is the resurgence in covenant-lite loans to...
View ArticleTerrorism For Dummies
From the creator of the 'bears' that explained QE, this brief, but all too-uncomfortable animated clip, summarizes the reality of fear in the US and Terrorism for Dummies...
View ArticleIt’s Not The Dollar that’s Dead, It’s the USA!
“When the going gets tough, the tough get going” is a wonderful piece of linguistic wizardry. It can be read in two different ways. Either the 'tough' become fully engaged in combat and fight it out...
View ArticleItaly Labor Union Predicts Return To Pre-Crisis Employment By 2076
By now it is conventional wisdom that the Italian economy is foundering alongside all other peripheral European nations as a result of a failed artificial currency leading to an inability for external...
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