Guest Post: I Was Wrong About Everything
Submitted by Charles Hugh Smith from Of Two Minds I Was Wrong About Everything I was wrong: doing more of the same has solved all our problems. Time for a mea maxima culpa: I've been wrong about...
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Freudian Slip - Chicago Style
We knew things are worse than presented... But this much worse? And in Chicago of all places - the city of (aggressively enforced) spin? Courtesy of the Chicago Tribune h/t Kathy Dervin
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Graham Summers Weekly Market Forecast (Fed Up Yet? Edition)
The market is rallying… again… on hopes of a Greek deal… and QE 3. This is the very same game we’ve been playing for over two years now. Greece is broke. Everyone knows it. The Greeks know it. Greek...
View ArticleUpdate on Fukushima
Update: TEPCO ADMITS THAT RADIATION LEVELS FROM FUKUSHIMA ARE RISING Ooops... FUKUSHIMA RADIATION SPREADS WORLDWIDE The University of California at Berkeley detected cesium levels in San Francisco...
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Guest Post: Complacency Risk Is High
Submitted by Lance Roberts of StreetTalk Advisors Complacency Risk Is High As I was writing this past weekend's newsletter "A Technical Review Of The Markets" it really dawned on me just how complacent...
View ArticleContrarian Indicator 101: Biggs "Terrified He Is Too Small"
By his own admission in an interview today with Bloomberg TV, Barton Biggs is "elderly and not as sprite as he used to be" but for our purpose he is perfectly placed. As the almost-perfect contrarian...
View ArticleAmerican Defense and Intelligence Chiefs: Attacking Iran Will INCREASE Odds...
By Washington’s Blog Foreign Policy reports: President George W. Bush’s administrncouragedation concluded that a military strike on Iran’s nuclear facilities would be a bad idea — and would only make...
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Monday Market Musings - More Monetary Madness
Monday Market Musings - More Monetary Madness By Phil of Phil's Stock World More Free Money - OR ELSE! That's the rally cry from the new IMF chief (appointed under mysterious circumstances). Lagarde...
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10 Good And Bad Things About The Economy And Rosenberg On Whether This Isn't...
Two things of note in today's Rosie piece. On one hand he breaks out the 10 good and bad things that investors are factoring, and while focusing on the positive, and completely ignoring the negative,...
View ArticleCitadel Is Pleased To Announce It Is Now Officially An Executive Headhunter,...
You know, just in case that whole investment banking, equity research, high frquency trading, hedge fund thing does not work out, Citadel always has a plan B - to become an executive headunter. From...
View ArticleGreek Debt Deal Rejected As S&P Begins European Bank Downgrades
At least they were kind enough to wait until the close: EURO ZONE FINANCE MINISTERS REJECT OFFER OF GREEK PSI REACHED WITH PRIVATE BONDHOLDERS, ASK NEGOTIATORS TO CONSIDER COUPON ON NEW GREEK BONDS...
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Volume Crashes As Stocks End Unchanged
Amid the lowest NYSE volume of the year (-24% from Friday - OPEX) and pretty much the lowest non-holiday-period volume in 9 years based on Bloomberg's NYSEVOL data, ES (the e-mini S&P 500 futures...
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80%+ Immediate Downside To Par For New Greek "Fresh Start" Bonds
One of the funny things about the proposed Greek debt exchange offer is that, at least according to most recent fluid rumor, the cash coupon ceiling on the "post reorg" bonds, as dictated by the...
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Goldman Previews The Fed's Statement, Plays Down Expectations Of A "Dovish...
As widely expected by Zero Hedge, barely a few months after the arrival of former Goldmanite Mario Draghi to head ECB, the ECB's balance sheet exploded by nearly $1 trillion. Naturally, such is the way...
View ArticleBoston Bruins Goaltender Releases Statement Explaining Absence From Obama...
While his colleagues from the Boston Bruins were visitng the White House earlier today, goaltender Tim Thomas was absent. Here is his personal explanation for why he did what he did. We can only hope...
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Want a Raise? Vote on it! The Swiss do.
Want a Raise? Vote on it! The Swiss do. By Bruce Krasting Switzerland is vote crazy. It has a referendum on most issues. There is a vote coming up that I’m sure will pass. This time around, the Swiss...
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Guest Post: How To Avoid Voting For A Globalist Puppet
Submitted by Brandon Smith of Alt-Market How To Avoid Voting For A Globalist Puppet Only a few days ago I attended a community meeting here in the Flathead Valley of Montana which revolved around the...
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"Dreams Versus Reality" - Former IMF Chief Economist On Europe's Last Stand
Successive plans to restore confidence in the euro area have failed. Proposals currently on the table also seem likely to fail. The market cost of borrowing is at unsustainable levels for many banks...
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Decoupalypse Now
Earlier today, the IMF tongue-in-cheekly attempted to make a serious case that Europe and the US could, for the first time since the formation of the Eurozone, decouple, with a worst-case scenario...
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$35 Billion 2 Year Bonds Price Uneventfully
With the Fed expected to at least extend the period of guaranteed ZIRP from 2013 to 2014 tomorrow, it is no surprise that the just priced $35 billion in 2 year bonds did so very uneventfully, and at a...
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