Guest Post: Wall Street Has A Sad :-(
Submitted by Finance Addict Wall Street Has A Sad :-( Michael “Moneyball” Lewis was the first one to, er, expose us to the term Big Swinging Dick. His his first novel, Liar’s Poker, was full of them....
View ArticleDavid Rosenberg - "Let's Get Real - Risks Are Looming Big Time"
Earlier, you heard it from Jeff Gundlach, whom one can not accuse (at least not yet) of sleeping on his laurels and/or being a broken watch, who told his listeners to "reduce risk right now" especially...
View ArticleThe Budget Control Act Spending Reductions Have Vaporized
Back in August of last year, Congress passed the Budget Control Act of 2011. This raised the debt ceiling $2.1 Trillion dollars to ~$16.4 Trillion dollars. As Tyler points out, Obama will more than...
View ArticleGlobal Gold Demand in 2011 Rises 0.4% To $200 Billion - Central Banks, Asia...
From GoldCore Global Gold Demand in 2011 Rises 0.4% To $200 Billion - Central Banks, Asia and Europe Diversifying Into Gold Gold’s London AM fix this morning was USD 1,716.00, EUR 1,320.51, and GBP...
View ArticleInitial Jobless Claims Continue Slide, PPI Below Expectations, Housing Start...
The onslaught of 'favorable' jobs numbers continues with the latest initial claims printing at 348K, down from an upward revised 361K, on expectations of a rise to 365K. This was the lowest number...
View ArticlePardon The Interruption, "Debt Crisis To Resume Shorty" Says Deutsche Bank
While many will point to the drop in front-end Italian bond yields as proof positive that all is well in the still-peripheral nation, we note that today saw 10Y Italian bond (BTP) spreads crack back...
View Article"Lehman 2.0" Imminent Warns John Taylor
By John R. Taylor, Jr. Chief Investment Officer FX Concepts Lehman 2.0 Global investors either have extremely short memories or they are far too concrete, as my wife the psychologist would say. Saying...
View ArticleComplete List Of Europe's Expanded Bank "Junk"
Via Peter Tchir of TF Market Advisors, The good people at Knight put together a comprehensive list of potential ratings for banks in Europe after Moody's came out with their outlooks. I agree that...
View ArticlePhilly Fed Rises, Despite Employment Index Slide; Outlook Has Biggest Drop In...
Following yesterday's paradoxical Empire Fed print which saw an increase despite two thirds of its subcomponents dropping, we get a Philly Fed number which came in better than consensus estimates of...
View Article"Lost In Construction" - Relative Difference Between Housing Starts And...
While one can discuss seasonal factors, such as abnormally warm weather, as a driver of today's beat in Housing Starts, a far less noted number for headline purposes is the other side of the equation -...
View ArticleSteve Mandel Rejoins The Gold Party; World Gold Council Chimes In
Following the barrage of 13Fs released two days ago, another hedge fund that has eventually found its way to the one undilutable currency is Steve Mandel's Lone Pine. His thoughts on the matter need no...
View ArticleSecular Demographic Shift To Impair Equity Multiples And Bond Prices
The long-term link between demographic supply-demand shifts and the dynamics of asset price changes is hard to quantitatively dismiss and while it is just as difficult to trade these long-term shifts,...
View ArticleFirst Freedom Watch Cancelled, Now Colbert Suspended?
It appears that slowly but surely the NDAA equivalent for the less than compliant on air mainstream media is picking up steam. First it was Napolitano's Freedom Watch getting cancelled by Fox...
View ArticleBoomerang Book Review
Since I rarely travel, I don't have much experience planning ahead for my trips. Such was the case last Sunday evening, because as I headed toward the entrance of the airplane, I realized I didn't have...
View ArticleThe Rating Agency Endorsed BoomBustBlog Big Bank Bash Off Starts In 3...2...1...
Bloomberg reports: Morgan Stanley, UBS, Goldman May Be Cut by Moody’s Quote: UBS AG, Credit Suisse Group AG (CSGN) and Morgan Stanley’s credit ratings may be cut by as many as three levels by Moody’s...
View ArticleGuest Post: The Grand Game Of Perception Management
Submitted by Charles Hugh Smith from Of Two Minds The Grand Game of Perception Management The economy will expand if you believe it is expanding--because you'll be "animal spirited" into buying a lot...
View ArticleGreece is Not Lehman 2.0... As I'll Show, It's Much Much Worse
Investors simply do not understand the significance of Greece. Comparisons are being made to Lehman, but these comparisons are mute for the following reason: Greece is a country not a private...
View ArticleECB To Fund Eurozone Central Banks As PSI Sweetener
A number of headlines from Bloomberg, via Die Welt, that the ECB will undergo a bond swap with the NCBs on their greek government bonds and the 'profit' will flow to governments. *ECB SWAPPING GREEK...
View ArticleThe Reporter Is Either Wrong Or This Is A Bad Deal For Greece
Via Peter Tchir of TF Market Advisors, If the ECB switches 50 billion of old bonds for 50 billion of new bonds, what does Greece get? No notional reduction. Possibly a reduction in interest payments...
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