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Quiet 2 Year Bond Auction Adds $35 Billion To Total Debt, US Debt To GDP Now...
Today the US Treasury quietly and efficiently auctioned off enough debt to satisfy nearly 20% of the entire second Greek bailout funding needs (thank you repo markets and multi-trillion repo custodians...
View ArticlePSI Scenarios And Greek Bond Trading Thoughts
From Peter Tchir of TF Market Advisors, The ECB needs to convert its bonds so that they can be addressed separately. So far, there is no indication on Bloomberg, which gets its bond information from...
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White House Comments On Surging Gasoline Prices
Just when we thought that when it comes to nonsensical announcements Europe is second to none, here comes the White House and takes the cake: WHITE HOUSE SAYS RISE IN GASOLINE PRICES CAUSED BY VARIETY...
View ArticleAs Greece Deems 66% CAC Bondholder Acceptance Sufficient, Has It Threatened...
According to the Wall Street Journal, the Greek threshold for "successful" CAC passage is now expected to be just 66%, far below the 95% discussed yesterday. Says the WSJ: "The Greek government is...
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"Welcome To The Housing Non-Recovery" In Three Simple Charts
Below is some more hard data where you won't find the much anticipated, 'any minute now', housing recovery. While the first chart shows the annualized new home sales sold data, which came in at...
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One PSI Chart To Rule Them All
As the Greek PSI deal rears its ugly head on our screens once again with Merkel, Schaeuble, and Papademos all pulling from one angle or another (and Dallara disquietingly silent in his uselessness),...
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100 INTRODUCTORY FACTS ABOUT MORTGAGE SECURITIZATION
100 INTRODUCTORY FACTS ABOUT MORTGAGE SECURITIZATION By LYNN E. SZYMONIAK, ESQ., ED., Fraud Digest (www.frauddigest.com) LISA EPSTEIN, www.foreclosurehamlet.org 1. Most mortgages in the U.S. are owned...
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What Rising Gasoline Prices Do To The Economy
Submitted by Charles Hugh Smith from Of Two Minds What Rising Gasoline Prices Do to the Economy Charting gasoline prices against income and GDP provides some interesting results. Since rapidly rising...
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Europe's VIX At 7-Month Lows As EURUSD Nears 1.35
The decoupling/recoupling we discussed earlier in the EURUSD pair seemed the biggest deal in Europe this week as the 2.5% gain is thge most in a month and takes the cross back to near 3-month highs....
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Proof that War Is Bad for the Economy
Preface: Many Americans – including influential economists and talking heads - assume that war is good for the economy. Many congressmen assume that cutting pork-barrel military spending would hurt...
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Greece Issues Exchange Offer Terms; Raises Minimum Acceptance Threshold To...
Three days ago we recoiled in terror at the stupidity of Greek leaders, when we learned that the Greek exchange offer would be deemed satisfactory if only 66% of bondholders accept it as valid, as it...
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As Asian Oil Passes $134, PBOC Braces For Inflation Shock Following Premature...
Update: Brent just passed $125 Asia-Pacific Tapis Crude Oil tends to be the benchmark grade for oil and gasoline pricing throughout AsiaPac. As WTI cracks $109, the Tapis crude spot price has just seen...
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Why Greece Bailout Games Will Cause The Rest Of The EU To Breakout The Grease
Yesterday I shared my opinion of Grecian bailout games with Capital Account's Lauren Lyster. It was direct, honest, hard hitting and borderline offensive - hopefully par for the course of what is...
View Article"Oil Won't Stop Until The Economy Breaks"
As gold strengthens on the back of the extreme experimentation of the world's (now-sheep-like) central bankers' easing and printing protocols, it does no real harm to the world, but as John Burbank (of...
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FRiDaY Tea WiTH BaNZai7 aND THe LiMeRiCK KiNG: FeaTuRiNG A DoG FaCeD MaN, a...
Step right up folks if you dare It costs just a dollar per stare As part of the show You watch his face grow Each billion he prints grows new hair The Limerick King . With a wave of...
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Quotes Of The Week... And Friday Humor
For our quote of the week, we go to the man who almost brutally cut the meal between breakfast and brunch (it was formerly supposed to be German demand #39 for Greece, but was mysteriously cut in the...
View ArticleDavid Rosenberg Presents The Six Pins That Can Pop The Complacency Bubble
The record volatility, and 400 point up and down days in the DJIA of last summer seem like a lifetime ago, having been replaced by a smooth, unperturbed, 45 degree-inclined see of stock market...
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NYSE Volume At New Decade Low
Both NYSE and ES (e-mini S&P futures) volumes were the lowest of the year so far. This is the lowest non-holiday trading day on the NYSEVOL (from Bloomberg) since its data began a decade ago and...
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Guest Post" The "Housing Recovery" In One Index
Submitted by Lance Robert of StreetTalk Live The Housing Recovery In One Index There have been numerous media stories out over the last couple of weeks about the recovery in housing at long last. Of...
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Euphoria Shifts From Stocks To Commodities
Silver and Gold remain the major outperformers year-to-date but the rest of commodities - most notably oil is catching up very fast having over taken stocks this week. It appears that the new-found...
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