Frontrunning: September 3
Mediterranean 'Ballistic Targets' Were Part of Israeli Test – Defense Ministry (RIA)Microsoft to Buy Nokia’s Devices Unit for $7.2 Billion (BBG)Long-Term Jobless Left Out of Recovery (WSJ)Swiss banks...
View ArticleIsraeli Missile Test Update
More on this morning's unexpected joint Israel-US missile test launch. From Bloomberg:Israel missile defense organization, U.S. missile defense agency completed successful flight test of new version of...
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Gold Rises Towards $1,400 After Russia Says Missiles Fired At Syria
Today’s AM fix was USD 1,391.25, EUR 1,056.06 and GBP 893.09 per ounce. Yesterday’s AM fix was USD 1,391.25, EUR 1,052.46 and GBP 893.14 per ounce.  London’s PM fix was USD 1,392.25, EUR 1,054.49 and...
View ArticleWhatever Happened to Buy the F'ing Dip?
This week’s Chart of the Week video looks at the equity market and asks: Whatever Happened to Buy The F’ing Dip? So let’s get technical.TacticalBeta offers a 21 day FREE TRIAL/ no credit card...
View ArticleIsraeli Arrow-3 Interceptor Missile Propaganda Video
Yesterday we presented an amusing propaganda video clip/remix of the Syrian S-300 Surface to Air missile. We found it hardly surprising, especially following today's news of a missile test launch by...
View ArticleAbenomics Is Crushing The Japanese Worker
It seems the hopes and dreams of a Japanese public (and their illustrious leaders) is being dashed on the same rocks as the US worker. Amid surging input prices (thanks to a devalued currency) with...
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A Complete Guide to European Bail-Out Facilities - Part 1: ECB
This post was originally posted at Bawerk.net. You may also follow us on twitter @EBawerkOver the last couple of years we have been tracking the various bail-out schemes concocted by ingenious...
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Spain's Ying-Yang Charts
While we understand Europe's desperation to telegraph an improvement in its economy, driven by both GDP and such sentiment indicators as PMI data, very much as we saw in early 2011 before the carpet...
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Russia Sends Missile Cruiser "Moskva", Destroyer And Frigate To Syria
It was just yesterday, when we reported on the build up of Russian naval forces in the Meditteranean, in this case two new marine-carrying amphibious assault ships, that we made a simple forecast: "Our...
View ArticleFrontrunning: September 4
Yes: Support Builds in Congress for U.S. Strike Against Syria (WSJ)No: Boehner backs Obama on Syria, but House leaning toward ‘no’ (The Hill)U.S. Congress fight over Syria pits establishment versus...
View ArticleChina's Not So Hidden Inflation
"It's not worth shopping in China," said one disgruntled middle-class Chinese consumer, adding, "If you can wait, do it elsewhere." The reason is simple - massive price inflation. As the WSJ reports,...
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Worse Than Expected US Trade Deficit Spikes In July, Trade Gaps With China,...
When last week the revised Q2 GDP print was announced, which beat expectations solidly driven entirely by a surge in net exports, we said that "with China on the rocks and tightening, the Emerging...
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Because Nothing Says "Dump Gold And Oil" Like A Pending Middle-East War...
With Syrian strikes looking to be a 90-day minimum 'surgical strike' and being supported by the US Congress, it is hardly surprising in this bad-is-good-news 'opposite' world, that both precious metals...
View ArticlePutin Lashes Out, Accuses Kerry Of Lying To Congress
Ahead of tomorrow's ever-so-friendly G-20 meeting in St. Petersburg - where the US Secretary of State hopes that "the Kremlin has a change of heart," - Russia's President Putin just raised the...
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Who The US Imports Crude Oil From
Because latetly there has been some confusion that the US is "energy independent"...July Crude imports amounted to 264.2MM barrels, up from 234.3MM barrels:Total 2013 Year To Date Crude imports...
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"War-On", "War-Off"
UPDATE: The entire Boehner-based drop has been retraced. It would appears that one should sell on war but buy on even moar war... which makes some idiotic sense since a longer-protected episode will...
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Lamborghini Launches Car For The 0.00001%
It seems the exuberance of a recovering housing market has spread not just to Ford, Toyota, and GM this morning but to the luxury-end of the 'renaissance'-ing auto industry... Because nothing says...
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Housing Affordability Plummets
While the topic of plunging mortgage applications, both for new home purchases and refis, has been covered extensively here previously, and specifically its drop to levels last seen in 2011, the one...
View ArticleChinese Province 'Busted' For Fake Data; Exaggerated 2013 Output By Over 150%
Still believe that China's PMI is above 50 and suggesting a global growth expansion? Still believe in Santa and the Tooth Fairy? Well, none other than China's own National Bureau of Statistics has been...
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Bonds, Bunds, Bonos, And BTPs Battered
With US 10Y yields pressing up towards 3.00% and the curve bear-flattening, it seems Draghi did nothing to contain the market's aversion to all things 'fixed income'. Wherever you look in Europe, bond...
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