No, ITG, Zero Hedge Would Prefer To Not Regulate You Either
While reading Advanced Trading today we stumbled across the following curious excerpt: Advanced Trading: You mentioned regulators and politicians are ignorant ... [ITG's Jamie] Selway: I would say that...
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JPM Pwns Nancy Pelosi
Last week we had the mispleasure of suffering a subdural hematoma or 7 after reading CA Congresswoman Nancy Pelosi's formal response to the gas price shock, in which it became abundantly clear that the...
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The Final LTRO Preview - Bottoms Up
There is broad disagreement among European banks on whether they should (and whether they will) choose to access the LTRO. We have discussed the top-down perspective and the very granular bank-by-bank...
View ArticleIsrael To Keep US In The Dark Before Launching Pre-emptive Iran Attack
It had been a quiet week in terms of geopolitical developments out of Middle East. Too quiet, well aside for that whole US escalating once again bit, and forcing Iran to eventually go over the edge....
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Sins of the Past
Sins of the Past By Bruce Krasting Ben Bernanke has said many times that Marriner Eccles, the head of the Federal Reserve in 1936/37 made a mistake by tightening credit (raising reserve requirements)....
View ArticleIran Moves Further To End Petrodollar, Announces Will Accept Payment In Gold...
Much has been spun in recent weeks to indicate that as a result of collapsing trade, Iran's economy is in shambles and that the financial embargo hoisted upon the country by the insolvent, pardon,...
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Broken Market: Short Muni ETF Flash Smash +43%
Presented with little comment except absolute incredulity that this is still occurring day-in and day-out with no real discussion beyond our friends at ITG... *SHORT MUNI ETF PAUSED BY CIRCUIT BREAKER...
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iBubble: Apple's Market Cap Is Now The Same As The Entire Retail Sector,...
This is simply stunning: one company, which has two flagship products, has a bigger market cap than the entire Semiconductor space, and is just shy of the entire S&P Retail sector. The 216 hedge...
View ArticlePension Reform Unintended Consequence: The Pentagon Is Broke
New standards that were set in place in 2006 as part of the Pensions Protection Act that change rules on pension fund liability calculations looks set to push The Pentagon to budget DefCon 1 as they...
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New York Fed Buys Building Housing Plunge Protection Team
Since nobody else has any interest in downtown NY real estate, Goldman's Bill Dudley, currently incidentally in charge of the New York Fed, has decided to step up. "The Federal Reserve Bank of New York...
View ArticleISDA To Hold First Greek Default Determination Hearing On March 1
For a while there it seemed that together with the LTRO and the Bernanke testimony, tomorrow's event trifecta would be joined by ISDA, which it had previously been rumored would make a decision on...
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Average February Gas Price At All Time High; Follows Record January Gasoline...
Since everyone is buying everything that is not nailed down, preferably with both hands, on massive margin if possible, and since the global reflation trade is on full bore following trillions in cheap...
View ArticleUS Weighing Usage Of Strategic Petroleum Reserve
Last week we joked that for every downtick in the Obama popularity rating (due to record February gas prices) we would see at least 1 million barrels released from the Strategic Petroleum Reserve. Sure...
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Silver Explodes As DJIA Closes Above 13,000
After 22 crosses yesterday, and 12 more today, the Dow managed to close above 13000. Transports were lower but less so on Oil's modest retracement (though the Brent-WTI spread remained around $15)....
View Article2012 - The Year Of Living Dangerously
Submitted by Mark Grant author of the "Out of the Box" financial commentary 2012 - The Year Of Living Dangerously It is a curious world that we live in these days. America bumping along, China grinding...
View ArticleGoldman Reports Receipt Of Another SEC Wells Notice On February 24
Looks like the SEC is not done with Goldman Sachs, already the subject of the largest civil fine levied by the SEC on a Wall Street firm, aside for that whole Robosettlement farce of course - which...
View ArticleCalifornia’s Freak Finances (What Are They Smoking?)
Optimism has always been the hallmark of California—especially when it comes to tax-revenue projections. Now a new report from the independent Legislative Analyst's Office (LAO) laments that Governor...
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BeRKSHiRe HaTHaWaY 4-1-9
. . . . Warren is out for a stroll Soon to be swinging the pole He seems so inflated His bra over-weighted This dance will turn into a roll The Limerick King . . Warren is talking his...
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Guest Post: Is Housing An Attractive Investment?
Submitted by Chris Martenson contributor Charles Hugh Smith Is Housing an Attractive Investment? In a previous report, Headwinds for Housing, I examined structural reasons why the much-anticipated...
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