The Fed Should Hire A Mechanic
Via Peter Tchir of TF Market Advisors, The “Transmission Mechanism” Is Broken. As the Fed debates what form of QE to launch on the world and whatever new communication strategies they are going to...
View ArticleClik here to view.
Guest Post: Yet Another Reminder That Democracy Is An Illusion
Submitted by Simon Black from Sovereign Man Yet Another Reminder That Democracy Is An Illusion With over 150 million registered users, the file sharing site MegaUpload.com is one of the most popular on...
View ArticleClik here to view.
Das Kapitulation
The biggest market-moving event so far this year is undeniably the positive (so far) aftershock from Germany's capitulation on monetary expansion and as Michael Cembalest of JPMorgan goes on to note...
View ArticleInstead of Protecting People, Governments Cover Up by Raising "Safe"...
American and Canadian authorities have virtually stopped monitoring airborne radiation. Neither American nor Canadian authorities are testing fish for radioactivity. Does that mean that we don't have...
View ArticleClik here to view.
Desperate Spain Wants European Rescue Fund To Be "The Bigger The Better"
No, there is no desperation in Spanish PM's Rajoy statement at all. The head of the economy, whose unemployment rate just soared to a ridiculous 23% in the past quarter, registering the largest drop...
View ArticleThis Is Where The Gold Is(n't) - The New York Fed Guide To The Most Valuable...
Much has been said about the secretive vault situated 80 feet below ground level at 33 Liberty street, which contains over 20% of the world's gold (allegedly*), currently estimated at over $350...
View ArticleClik here to view.
Liquidity is Bullish is All - Tomorrow is a Big Day
I quoted from this article by Lee Adler of the Wall Street Examiner in the "Week Ahead" section of Stock World Weekly, so part may sound somewhat familiar. Lee tracks the money flows in the financial...
View ArticleClik here to view.
Clik here to view.
Post-Europe Close, Volume Disappears And EUR Rally Fails To Inspire
With quarter-to-date volumes at the NYSE 20% below Q4's average, we wonder just how much bank's earnings will be impacted as today saw the credit derivative index market 'disappear' this afternoon...
View ArticleApple Blows Away Top And Bottom Line
The suspense can now end Revenues of $46.33 billion, expected at $38.99 billion EPS of $13.87, expected at $10.14 APPLE SEES 2Q REV. ABOUT $32.5B, EST. $31.87B APPLE SEES 2Q EPS ABOUT $8.50, EST. $7.96...
View ArticleSorry Folks, Europe Is Not Fine… Not Even Close
The financial world seems to have adopted the idea that things will somehow work themselves out in Europe. I don’t know if it’s because people don’t like to think about negative things or if someone...
View ArticleClik here to view.
Apple's Year End Cash Equivalent Of $97.6 Billion Makes It The 58th Largest...
After generating $37.9 billion in cash, short and long-term equivalents in 2011, and a record $16 billion in Q4 alone (of which $11.8 billion in Long-Term Marketable Securities: Treasurys? Pretty soon...
View ArticleClik here to view.
Cash For iClunkers? Some Observations On Sequential Apple Revenue Growth
Without trying to take away from Apple's blow out earnings, a quick look at the Apple data sheet breaking down revenue and unit sales by geography points to something rather curious. While unit sales...
View ArticleClik here to view.
Guest Post: Paychecks, Perception, Propaganda & Power
Submitted by Jim Quinn of The Burning Platform Paychecks, Perception, Propaganda & Power “It is difficult to get a man to understand something, when his salary depends upon his not understanding...
View ArticleClik here to view.
The Game Of The State Of The Union
While watching the live-stream of Obama's third State Of The Union speech here, why not enjoy BNP's 'p(o)ints game'? #666666; margin:0 10px; height:40px; display:block;"> JOIN THE LIVE CHAT VISIT...
View ArticleClik here to view.
Full Text Of Obama's State Of The Union
Here is the text of President Barack Obama’s State of the Union Address as prepared for delivery at 9 p.m. ET. "Jobs" 33 vs. "Fat Cats" 0 Rich 3 vs Poor 1 Hope 2 vs Unicorns 0 Change 9 vs Tooth-Fairy 0...
View ArticleClik here to view.
Another $35 Billion In US Debt Added: 5 Year Bonds Price As Bid To Cover Jumps
Today's early (due to the FOMC statement and press conference) $35 billion in 5 year bonds auction was another uneventful issue of debt. Pricing at 0.899%, or well inside of the 0.915% When Issued,...
View ArticleClik here to view.
Just How Much Control Over Central Banks Do The People Have?
Formal central bank independence is increasingly under pressure as societal preferences for a lender of last resort savior grow ever stronger (and more priced into nominal risk markets) as do demands...
View ArticleClik here to view.
Where Are The Emerging Market Risk Bombs?
As European bank deleveraging continues, Middle East tensions rise, and oil prices (Brent and Crude alike) oscillate from headline to headline, we thought it intriguing that the entities with net...
View ArticleClik here to view.
No QE3; ZIRP Extended Thru 2014 As Jeffrey Lacker Objects - Full...
Little of note in the statement: no QE3 explicitly in the form of LSAP, which an S&P over 1300 and crude at $100 made prohibitive. Instead the Fed is extending ZIRP through 2014, from 2013, which...
View Article