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Hong Kong Braces For Worst Storm In 34 Years As Typhoon Usagi Approaches,...
One year ago New York had Superstorm Sandy. Now, with Typhoon Usagi closing in, Hong Kong is bracing for impact as the strongest storm in 34 years is set to hit the financial hub head on. As Severe...
View ArticleWarren Buffett: "The Fed Is The Greatest Hedge Fund In History"
In a world in which all the matters is "scale", the ability to Martingale down on losing bets as close to infinity as possible (something which JPMorgan learned with the London Whale may not be the...
View ArticleMostly Cloudy With Occasional Drones In The Afternoon
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterMarseille, the second largest city in France, has a crime problem. “Account settlements,” as the French call them, regularly...
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The Nairobi Mall Massacre Visual Timeline (Death Toll Rises To 68)
UDPATE: Death toll rises to 68UPDATE: Massive explosion reported at Kenya's Westgate Mall, far larger thabn any other explosion in last 30 hours RIGHT NOW! MASSIVE EXPLOSION ROCKS KENYA'S WESTGATE...
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Merkel Wins Federal Election But Coalition Partner Below Bundestag Threshold:...
While the outcome of the election from the perspective of "the grand coalition" is still too close to call, Exit polls make it clear that Merkels CDU/CSU party has won the election with 42.5% of the...
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Guest Post: Gold And Monetary Inflation Prospects
Submitted by Alasdair Macleod via GoldMoney.com,On Wednesday last the Fed surprised most people by deciding not to taper. What is not generally appreciated is that once a central bank starts to use...
View ArticleAl-Qaeda's Iraq/Syria Leader Killed
As suicide bombs devastate and terrorist attacks remain front-and-center in the headlines, we thought this worth sharing... #BreakingNews: Al Arabiya sources: leader of al-Qaeda in Iraq and Syria has...
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Venezuela Seizes Toilet Paper Factory Amid Fears Of US Sabotage
The Venezuelan government is in a bind. They realize that 'the people' will stand-by idly as the nation's currency is devalued, as inflation soars, and blackouts continue as food shortages grow...(and...
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IN MEMORY OF MRS BaNZai7...
MRS BANZAI7My Mom passed away two weeks ago today.Many of you know that she was an avid reader of Zero Hedge.While it is true that she read every Banzai7 post including all of the comments and links,...
View ArticleOngoing Deterioration In Core Europe Pushes Dollar Higher, Risk Lower
Everything was proceeding according to central-plan with a gradual rise in risk and a decline in the USD until 4 am Eastern, when the German IFO Business Climate data was released and missed across the...
View ArticleFrontrunning: September 24
Iran Icebreaker Set at U.N. (WSJ)Chrysler Feud Triggers IPO Filing (WSJ)JPMorgan Chase, 12 More Banks Said to Be Sued Over Libor (BBG)Regulator sues Morgan Stanley, eight others over faulty...
View ArticleThis Deutsche Bank-er Is Skeptical Of AAPL's Sales Report
The only good news yesterday which pushed the Nasdaq higher on the background of a generally dreary day for stocks, was AAPL's report that it had sold 9 million iPhones sending the stock soaring. This...
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Major 7.8 Magnitude Earthquake, 5.9M Aftershock Shakes Pakistan, India
A few minutes ago headlines hit that as a result of a strong earthquake, buildings shook in Delhi, India. Moments later, the USGS confirmed that a major 7.8 magnitude earthquake with an epicenter 9...
View ArticleCredit Suisse Closing "Non-Super Rich", "Risky" Client Accounts
In a move that clearly seeks to distance the second largest Swiss bank from potentially "risky" or just not that profitable (read "rich or super rich") accounts, Credit Suisse announced today that it...
View ArticleGoldman Promptly Jumps On The Bullish AAPL Momentum Bandwagon, Hikes Price...
Whether or not AAPL's reported sales are accurate or merely the latest manifestation of channel stuffing is irrelevant: what matters to the sellside is that upside momentum, at least for a few days,...
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July Case-Shiller Housing Index Misses For Third Month In A Row, Pace Of...
There was something for everyone in the just released July Case-Shiller house price index. On one hand, on a year over year basis, the NSA Composite 20 city index rose 12.39% in July, up from 12.07% in...
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The Unstoppabull "Housing Recovery": Despite Bankruptcy Detroit Home Prices...
If anyone had reservations about the monthly Case-Shiller report, or at least the logic in the methodology used by the S&P data collectors, we present Exhibit A, which should solidify any such...
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President Obama Addresses The UN - Live Webcast
This should be fun. With Rouhani in the house, Nobel-Peace-Prize-winner President Obama will address the oh-so-supportive-of-his-wars United Nations this morning. As AP reports, seeking to build on...
View ArticleThe Big-Picture Economy, Part 3: Scarcity, Risk And Debt
Submitted by Charles Hugh-Smith of OfTwoMinds blog,When skimming and speculation are more profitable than actually increasing the production of goods and services, the discipline and incentives of a...
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Over 18 Hours In, Ted Cruz Obamacare Filibuster 4th Longest In Senate...
Having taken the floor at 2:41ET Tuesday afternoon,. Senator Ted Cruz's anti-Obamacare filibuster-lite has now become the 4th longest filibuster in Senate history, as The Washington Times repots,...
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