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Six Sanity Checks For A Seemingly Virtuous VIX
As short-term volatility leaks lower and lower and more and more talking heads use this 'risk-index' as reason to be longer and longer stocks, we thought it might be useful to get some context on...
View ArticleTreasury Resumes Pillaging Retirement Accounts To Fund Deficit Spending Until...
Back on January 5, when we first broke the news that the US debt ceiling has been reached, and breached, yet again, we said "And now the Social Security Fund pillaging begins anew until Congress signs...
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How Many Times Will You Fall for the Same Thing?
Testy Tuesday – How Many Times Will You Fall for the Same Thing? By Phil of Phil's Stock World Isn't this exciting! The pre-markets are up 1% after a long weekend. That hasn't happened since - two...
View ArticleBloomberg Reports That Greek Private Creditor Deal Near, At 32 Cent Recovery,...
Last year it was bank posturing, coupled with Germany and the rest of the Eurocore countries, when it comes to Greece. Now it is the hedge funds. Bloomberg has reported that the Greek private creditors...
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Financials Lead Stocks Down As Futures Volume Stays High
Friday was the most active day in ES (the e-mini S&P 500 futures contract) since 12/16 and today saw volume once again surge in the futures market as it tested 1300 for the first time since 7/28....
View ArticleJerry Yang Quits Yahoo Again, This Time For Good
Jerry Yang, who previously quit as YHOO CEO, has just announced his final resignation as Chairman of the company, in what appears to be a (pyrric) victory for Dan Loeb, who made the ouster of Yang his...
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Presenting The Big Mac Index Infographic
With ever more Americans boldly crossing into the obesity zone, where so many have gone before, it is only fitting that the topic of today's infographic du jour is the Big Mac index: the world's...
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Guest Post: Returning to Simplicity (Whether We Want to or Not)
Submitted by ChrisMartenson.com contributor Gregor Macdonald Returning to Simplicity (Whether We Want to or Not) Eventually the point is reached when all the energy and resources available to a society...
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Morgan Stanley Quantifies The Probability Of A Global "Muddle Through": 37%
When it comes to attempts at predicting the future, it often appears that the most desirable outcome by everyone involved (particularly those from the status quo, which means financial institutions and...
View Article‘Old Europe Doesn’t Have a future’ And ‘Is Not an Option for Germany.’
Wolf Richter www.testosteronepit.com “The fact that we profit massively from the euro doesn’t mean that we have to accept every political horse-trade to save the common currency,” Anton F. Börner,...
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Greece, China and the USA
On Greece I spoke with someone from Athens today. It's not a pretty picture. Issues related to subsistence have replaced the fervor for demonstrations. This may not last according to this resident. The...
View ArticleWorld Bank Cuts Economic Outlook, Says Europe Is In Recession, Warns...
This will hardly be a surprise to anyone with 3 neurons to rub across their frontal lobe, but at least it is now official. WORLD BANK CUTS GLOBAL GROWTH OUTLOOK, SEES EURO-AREA RECESSION Bloomberg,...
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Standard Chartered Does Not See A "Quick Move To Further Loosening" In China,...
There were two reasons for today's big initial market move: one was the realization that the next LTRO could be massive to quite massive (further confirmed by a report that the ECB is now seeking a...
View ArticleNomura's Koo Plays The Pre-Blame Game For The Pessimism Ahead
While his diagnosis of the balance sheet recessionary outbreak that is sweeping global economies (including China now he fears) is a useful framework for understanding ZIRP's (and monetary stimulus...
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The Web to “Go Dark” January 18th to Protest Censorship Bills
By Washington’s Blog INTERNET TO SHUT DOWN WEDNESDAY TO PROTEST CENSORSHIP Less than 24 hours after I noted that we’ve won a brief respite from SOPA, the bill’s chief sponsor said it’s back on track...
View ArticleThe Latest Greek Creditor Negotiations Update: Coercive, Yet Not, At The Same...
Late night media is abuzz with two reports, one from the NYT and one from The Telegraph, which unfortunately confirm Credit Suisse's decision to ignore the Greek situation entirely due to openly...
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EUR Shorts Hit New Record
Another week, another record bet on EUR currency collapse: this even in a countertrend week, when the EURUSD actually soared by over 300 pips. In other words, not only did shorts not cover, as some...
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NYSE Volume Down 27% From Jan 2011 OPEX
While much will be made of the spurt in volume today - to its highest of the year - we present without too much comment the comparison to last January's OPEX volume. Today's volume is an incredible 27%...
View ArticleOne Of 2011's Best Performing Hedge Funds Sees Gold At $2,500 Shortly
While it is early to determine if the ongoing breakout is finally in anticipation of upcoming episodes of direct and indirect monetization by the Fed, ECB, or any of the many other pathological...
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Friday Humor - This Is Europe!
Poor Xerxes was born 2500 years too early. h/t John Lohman
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