A Busy Two Months for the New York Fed
The Sack-man was busy over the past two months, returning ~$19 Billion dollars worth of shitty mortgage backed securities back to the private sector (face value that is), and buying a building. $207.5...
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Michigan, Arizona GOP Primary: Poll Coverage And Webcast
The seemingly endless GOP primary goes through the states of Michigan and Arizona tonight, where Romney and Santorum are the key competitors, while Gingrich and Paul focus elsewhere. BBC reports: "Both...
View ArticleNASDAQ 3000 (in spite of)
NASDAQ 3000 (in spite of) We kissed Nasdaq 3000 this morning. Doom and Gloom abounds. The macro picture is still dire with lots of bad news - some of which you can only get on ZeroHedge! Consider...
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More Liquidity Extraction: Fed Resumes Reverse Repos
Dumping yet another liquidity cold shower in the aftermath of today's less than dovish Humphrey Hawkins speech by Bernanke (and sending precious metals even lower, albeit briefly), is the Fed's...
View ArticleFed's Beige iPad Notes The Usual Regurgitated Fluff About The Economy
For those confused, the Fed's Beige Book has been upgraded to the Beige iPad (apparently Ben is not a fan of the black or white version). Regardless, the latest version has just been released spewing...
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Exhibit A: Selective Fat Finger Deus Ex
Presented with little comment except to say, get some 'price change' context before you start throwing fat finger fantasies around... as 10Y Treasury Futures dropped 0.5% peak to trough while Silver...
View ArticleGuest Post: What's Your Favorite "On the Ground" Recession Indicator?
Submitted by Charles High Smith from Of Two Minds What's Your Favorite "On the Ground" Recession Indicator? Beautifully maintained trophy cars are being dumped for cash. What does that say about the...
View ArticleArt Cashin And Europe's Clashin' Culture
As the ECB supposedly takes it foot off the gas, and EU Summits and 'events' loom large for the careening wagon of shared sacrifice, unity, and sovereign risk, perhaps it is the nodding donkeys of...
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Apple Decouples From Stock Market Gravity
For the first time since the end of January (and for only the 4th day this year) AAPL is trading higher with the S&P trading down... the S&P has surged after each previous event, will it this...
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Gold Tumbles More Than $100 As $1700 Stops Triggered
In what is increasingly peculiar market action, gold dropped over $100 intraday, following triggering of $1700 sell limits, at which point sell signals hit every bid all the way to $1685 then a knee...
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Dow Closes Below 13K For The First Time Since February 27, 2012; Flash Crashes
Risk off. On one of the highest volume days in months (for equity cash and futures), ES (the S&P e-mini futures contract) fell over 20pts from high to low following Bernanke's lack of expansionary...
View ArticleWhy Is the Financial World So Messed Up?
Why is the financial world so messed up? Because it’s run by Central Bankers. And those folks view money very differently than the businesspeople who create businesses, jobs, and wealth. For your...
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Dow Jones 13,000 Crossed 52 Times in Past 3 Days, Wreaks Havoc With...
Since the amount of coverage the Dow 13,000 has received on CNBC indicates that it is clearly the indicator for half of the actively trading population in America to hang its hat and retire, we can...
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Does Anyone See This Emergency As An Emergency, Or Is A Half Trillion Euro...
Today's big headline from Bloomberg: Euro-Area Banks Tap ECB for Record Amount of Three-Year Cash Euro-area banks tapped the European Central Bank for a record amount of three-year cash in an operation...
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THe LTRO PRiNCiPLe...
The LTRO is a craneAttached to an opposite trainWill this sucker go?Do snakes like the snow?Are Greeks now enjoying their pain? The Limerick King . Draghi and Satan are chums They're playing for...
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China Dumps $100+ Billion In USTs In December Per Revised TIC Data; UK Is Now...
Every year in February, the Treasury department releases its adjustment to foreign purchases of Treasury bond holdings as of the previous June (with revised and overriding estimates for all the...
View ArticleComplete Paulson 2011 Letter
There are those who voraciously, and blindly, read any and all hedge fund reports, allowing the already useless information to enter one brain hemisphere and exit the other, just so they can brag that...
View ArticleUK Parliament Member Lord James of Blackheath Alleges 15 Trillion Dollar...
British Parliament member Lord James of Blackheath has alleged in a speech before Parliament an elaborate fraud involving the US government lying about hundreds of thousands of tons of imaginary gold,...
View ArticleGuest Post: And The Douchebag Of The Year Award Goes To……
Submitted by Mark McHugh from Across the Street And The Douchebag Of The Year Award Goes To…… Unless February 29th is the new April Fool’s Day, I’m pretty sure Alan Dlugash locked up DOTY with this...
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Ron Paul Defeats Obama In Head To Head Polling
Here's a chart you won't see anywhere in the mainstream media - not the right, and certainly not the left. According to Rasmussen's 2012 Presidential Election Matchups, which pit Obama against any of...
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