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Credit And Financials Underperform As S&P Holds 1300
US equity markets went sideways to higher after the European close on low volumes and minimal support from broad risk drivers in general (with SPX bouncing off 1300). HYG tracked ES (the e-mini S&P...
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Long-Dated VIX Still Priced For Depression Risk
Since the spike in VIX in October of last year, short-dated volatility (and correlation) has dropped significantly, but the vol term-structure has steepened, and long-dated volatility remains...
View ArticleDiebold Leaks Election Results Early... Again
Yes, it has happened before, but since truth is timeless, we were not surprised to find that it has been "leaked" again, in this timeless clip from TheOnion which explains everything one needs to know...
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Guest Post: The Price of Growth
Submitted by ChrisMartenson.com contributing editor Gregor Macdonald The Price of Growth Growth. It's what every economist and politician wants. If we get 'back to growth', servicing debts both private...
View ArticleThe Fed’s Rain Dance at the Bottom of the Stairs
Wolf Richter www.testosteronepit.com Apparently, Charles Plosser, president of the Philadelphia Fed, had failed to check with his handlers when he said on CNBC this morning that the Fed might have to...
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European Bailout Infographic: Presenting The Truckloads Of Cash Needed To...
...No, literally truckloads. Our friends at demonocracy.info have been kind enough to put together an infographic that explains the European bailout in simple, visual terms, that even the most innocent...
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Super Bowl Sentiment - Inflation And The High-End Consumer
ConvergEx's annual analysis of Super Bowl economics shows that, when the time and place is right, prices can soar like a Hail Mary pass to clinch the playoffs. Yes, the face value for tickets is...
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EURUSD Tumbles On Rumor Of Papademos Resignation, Eurogroup Meeting Delay
EURUSD longs just got punk'd again, with the EURUSD surging to over 1.32 on the fake BLS number (1.2 million labor force decline, whatever, with ), when it collapsed by 100 pips as the news we tweeted...
View ArticleNonfarm Payroll Surge... On Gain From "Low Wage Jobs", Delay In Courier,...
Great news from today's BLS report, right (when one excludes that record 1.2 million explosion in people out of the labor force of course)? Wrong. As is well known banks have been firing workers left...
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Implied Unemployment Rate Rises To 11.5%, Spread To Propaganda Number Surges...
Sick of the BLS propaganda? Then do the following calculation with us: using BLS data, the US civilian non-institutional population was 242,269 in January, an increase of 1.7 million month over month:...
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Kyle Bass: "Don't Sell Your Gold"
The mainstream media seem willing to sound the all-clear and bring us back from Defcon-3 on the back of what can generously be described by realists willing to look at the actual data as a 'murky' NFP...
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Non-Manufacturing ISM Ignores Banker Layoffs, Surges Past Expectations On...
And another major economic indicator beat, this time coming from the January Non-manufacturing ISM data, which unlike yesterday's miss in the manufacturing ISM, surged past estimates of 53.2, up from a...
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Final Nail In Today's NFP Tragicomedy: Record Surge In Part-Time Workers
It appears the record surge in people not in the labor force is not the only outlier in today's data. For the other one we go to the Household Data Survey (Table 9), and specifically the breakdown...
View ArticleListen To Obama Explain Why The US Labor Force Declined By 1.2 Million And...
Actually, now that we think about it, he may not touch on those specific issues. #666666; margin: 0 10px; height: 40px; display: block;"> JOIN THE LIVE CHAT #ababab;">VISIT WHITEHOUSE.GOV
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Forget China, The USA Is Leading The World Out Of Slowdown
Concerned about European bank deleveraging impacting Emerging Market growth prospects? Worried over Global Trade Volumes dropping and a multi-decade low in the Baltic Dry? Fearsome of record...
View ArticleKiss The Foreclosure Settlement Goodbye: Bank of America, Wells And JP Morgan...
A little over a year since the day that the world first learned about robosigning and the broader problem of fraudclosure, which is merely the functional equivalent of infinite rehypothecation of an...
View ArticleRates Low Thru '16?
www.southofwallstreet.com In putting together the upcoming newsletter (free on the site) – I thought I’d share the graphic below released by the FOMC following the last meeting. While “Rates low thru...
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On This Day In The History Of Ponzi Schemes
As America embarks on its latest pre-IPO tech bubble, driven by a fundamentally broken Ponzi system which relies on the marginally disappearing greater fool, it is time to look back in time to this day...
View ArticleAnonymous Hacks, Records Conference Call Between FBI And Scotland Yard
Whether this is a real hack, or merely an attempt by the FBI to pursue its own ulterior motives is unclear (especially with the broad media coverage it is getting and the fact that the YouTube...
View ArticleGreece Draws The Line As Unity Government Leaders Refuse To Cede To Further...
It appears that Greece will not even have to wait until the dreaded March 20 funding D-Day. As was earlier reported, Greek PM Lucas Papademos may resign if he is unable to persuade his coalition unity...
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