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Something Is Up (Not Stocks)
Between Kansas City Fed's George's comments on Tapering sooner rather than later and the end of today's POMO, US equities are sliding the most intraday since Bernanke said "moar" last week....
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€100,000 for Brexit
Follow ZeroHedge in Real-TimeFancy making some easy money? Just go in for the ‘Blueprint for Britain’ competition that is being staged by The Institute for Economic Affairs which is asking participants...
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This Is Your Economy On QE
Presented with little comment aside to say - Thanks for nothing Ben... It appears the closer we get to the actual real horizon on the actual economic data, the more the sell-side hopium-peddlers are...
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"Bearmageddon" And Moar Of The Same Policies That Haven't Worked
Via Mike O'Rourke of Jones Trading,QE and hopes/beliefs in its perpetual nature continues to be the key market catalyst. Tracking estimates for Q2 GDP continue to drop below 1%. This is setting up a...
View ArticleIs The Obama Administration's Entry In Sovereign Restructurings About To...
The ongoing fight between Elliott Capital (et al, i.e., "the holdouts") and Argentina may moved to the backburner recently as the topic of sovereign bond impairment is not as actual today as it was a...
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Tesla Plunges As Goldman Coils Around $84 Price Target
What goes up appears to come down faster. Thanks, apparently, to a well-timed Goldman Sachs suggestion that the heavily-shorted (28.4% of float) electric-car maker is over-priced (whocouldanode at 303%...
View ArticleDianne Feinstein's Justification For The NSA's Domestic Espionage Programs
From Dianne FeinsteinDear XXXXXXX,I received your communication indicating your concerns about the two National Security Agency programs that have been in the news recently. I appreciate that you took...
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Bank Of America: From Loss To Profit Thanks To Mark-To-Unicorn
Earlier today, Bank of America surprised the market with its n-th consecutive profit beat in many quarters. Ironically that same profit, of $4,012 MM to be precise, should have been a loss of $221...
View ArticleQ. "Are You Printing Money?" A. "Not Literally"
The following brief exchange between a congressman and Ben Bernanke pretty much wins today's Humphrey Hawkins farce. Q: Are You Printing Money?Bernanke: Not LiterallyAnd a FTW follow up from the...
View ArticleBig Pharma’s Lurid Tactics Under Fire In China – With Consequences In The US
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterAt first it was just GlaxoSmithKline, the multinational mega drugmaker headquartered in the UK, that has been on the hot seat...
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Guest Post: The Problem With Social Security And Medicare
Submitted by Charles Hugh-Smith of OfTwoMinds blog,Projections based on high rates of endless growth are delusional. Those who embrace these projections are equally delusional. I regularly receive...
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A Stopped Out Stolper Strikes Again
While on the surface Stolper's muppet-crushing ways are far beyond ridiculous, with this latest stop out taking place in under two weeks just like his latest EURUSD humiliation, the fact that his track...
View ArticleGoldman's Bernanke Post-Mortem: "No Push Back On Tapering Expectations"
Jan Hatzius' assessment of Bernanke's first congressional testimony was just released. We assume it was not written while he was having lunch with Bill Dudley at the Pound and Pence.BOTTOM LINE:...
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Better to Be Old Than Young (and Sorry)?
Follow ZeroHedge in Real-TimeFor once it might seem just a little better if you have greying temples and are a bit hard of hearing these days rather than young and boisterous, raring to go and hit the...
View ArticleNew York Fed's Head Of Communications Resigns
It is somewhat ironic that a Federal Reserve which is now more committed to "forward guidance", transparency and communication than ever in history, just announced the resignation of Krishna Guha, the...
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Foodstamps Are Corporate Welfare
Submitted by Mike Krieger via Liberty Blitzkrieg blog,McDonald’s Math: You Can’t Survive Working for UsThis ridiculously condescending budget put out by McDonald’s in partnership with Visa has been...
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Bernanke: "Profit Recovery Has Preceded Job Recovery"; Yes It Has!
Any day now... via @Not_Jim_Cramer
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Brent-WTI Spread Collapses To Lowest Since QE2 Began
In the decade before the Fed announced QE2, the average Brent-WTI spread was around 90c. In the 14 months following the inception of that 'healing' easing, the spread exploded to around $28 by October...
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Detroit May File For Bankruptcy Overnight
Presenting default you can believe in, as the largest municipal bankruptcy in US history, involing the one-time iconic "motor city" which now has a population of 700,000 and some $20 billion in...
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