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SEC Begins Poking At Private Equity Asset Valuations
The WSJ is reporting that the SEC sent letters back in December to some private equity firms as part an "informal inquiry" into how the firms value their assets. It stands to reason that the SEC will...
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Athens Burning As Police Runs Out Of Tear Gas
Tonight's protest in Athens has all the makings of the vintage ones from May of 2010, and the nigh is still young. Here are some updates: Rioting spreads across central Athens, at least 5 buildings set...
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WHaT'S WRoNG WiTH THe MSM...con't
Seen this week's TIME Magazine covers? . A short word on the occasion of the Grammy's... . Money won't change you...but time will take you on--James Brown A day to ponder how an industry can drive...
View ArticleSummary Of Key Events In The Coming Week
Goldman's summary of events in the past week, and what to expect in the next 5 days. Last week, there were relatively few US data releases, but Initial Jobless Claims continued to surprise on the...
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209 Hedge Funds Rejoice As Apple Passes $500
Presented with little comment - AAPL trading $503.34: Why is this good news for the "financial industry?" Because Apple is now the financial industry, with a record 209 hedge funds holding it (a number...
View ArticleGuest Post: The First Dominoes: Greece, Reality, And Cascading Default
Submitted by Zeus Yiamouyiannis from Of Two Minds The First Dominoes: Greece, Reality, And Cascading Default Greece is the epicenter of a drama that threatens to unwind with all the intrigue and...
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The Value Of Not Following The Name Brand Following Crowd, Re: Apple, Goldman...
This post is dedicated to those who do not see the obvious due to name brand blindness. It came about from a conversation that I had with two other prominent financial bloggers/advisors/asset managers...
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Is Okun's Law The Latest Casualty Of Central Planning...And BLS Seasonal...
Okun's rule-of-thumb relates the long-term empirical finding that a country's unemployment rate is closely related to a country's output (or GDP) - perfectly sensible and comprehensible. In fact to be...
View ArticleObama Presents His 2013 Proposed Budget - Live Webcast
On Friday, we gave the skinny on some of the more amusing and/or aggressive key assumptions in the president's 2013 budget. Now hear the TOTUS, as presented via the president. VISIT WHITEHOUSE.GOV And...
View ArticleThe Great Squeeze: Asset Prices Will Fall, While the Cost of Living Will Rise
Graham’s note: this is an excerpt from a recent client note I sent out to subscribers. As I predicted the US Federal Reserve disappointed in a big way with its January 25 FOMC meeting. There was no...
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David Bianco Hired By Deutsche Bank To Complete Trinity Of Perma Bull
It seems like it was only yesterday [technically it was September] that David Bianco "departed" his latest employee, Bank of America, where he landed following his "departure" from UBS back in 2007....
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European Financials At Worst Levels In Two Weeks
Since last Wednesday, European financials have seen credit spreads widen dramatically. After some initial gains today, they once again retreated and traded out to their widest levels in two weeks as...
View ArticleGerman Foreign Minister: "I Don't Want A German Europe... I Want A European...
With nothing but mute silence out of Germany in the aftermath of last night's "historic" Greek vote, the EURUSD is getting nervous trading down to just above 1.3200 minutes ago, well below the level...
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Peak Political Polarization As Obama's Budget Increases Rhetoric
As President Obama discusses the fact that budget cuts can't restore economic growth and House Speaker Boehner says the Budget Plan is 'bad for job creation', perhaps the two parties have something...
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Europe Caption Contest
There is something just so femininely "fin de Keynesian siecle" about those clenched orange fists... But at least Schauble is happy.
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4 Charts Summarizing Obama's 2013 Budget
Earlier today, Obama formally proposed his 2013 budget (link) which sees a $1.33 trn budget deficit in the 2013 fiscal year - more than the $1.296 trillion 2011 budget deficit, which unfortunately...
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Crude Complex Market Halted - Update: Market To Reopen At 3:15pm With 15...
Update 3: Market reopens - "perfectly normal market" Update 2: "CME Globex Crude Complex Futures and Options markets will open at 14:15 Central Time with a 15 minute pre-open" Update from CME: "The...
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LTRO: A User's Manual
LTRO is the acronym given to the European bank lending program that has been compared to the "quantitative easing" initiatives of the U.S., known as QE I and QE II, and to similar measures undertaken...
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WiLL YoU Be My TRoiKa VaLeNTiNe?
. . . . . HOW I LEARNED TO STOP WORRYING AND LOVE DEFAULT...
View ArticleIs Greek Side Deal With Finland On Bailout Collateral About To Kill Greek...
Those who actually recall the nuances of the endless Greek bailout may remember that at one point in 2010 and 2011, one of the main sticking points that threatened to derail the Greek bailout was the...
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