Oops: ECB Says Greek PSI Participation May Fall Short, As Troika Expects...
Following up on Peter's summary of the if-then conditional analyses to be conducted concurrently by various classes of Greek bondholders ahead of Thursday's PSI deadline (even as Bingham is rapidly...
View Article"An Inconvenient Tax"
With April 15 rapidly approaching, it is time to start thinking taxes once again. Yet do people actually stop to think about what the US tax system really is? And, as shown yesterday, does it even...
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Here Are The Winners In An Oil Price Shock
On Friday, we quantified the biggest losers in the case of a sustained oil price shock, and were not surprised to find that the US leads the way with about a 0.9% hit to GDP for every $10 rise in crude...
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Investor Sentiment: Get a Parachute?
Like last week, the "dumb money" remains extremely bullish and the "smart money" is bearish. What is also certain is that the bulls remain in control, yet the best gains are clearly behind us. What is...
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Guest Post: The Exter Pyramid And The Renminbi
Submitted by Mao Money, Mao Problems The Exter Pyramid and the Renminbi The pyramid is the strongest structure known to Man. The weakest structure is the inverted pyramid. There is an economic theory...
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SuNDaY EVeNiNG PRiMeTiME WiTH BaNZai7 aND THe LiMeRiCK KiNG...
. Troiclops has beaten the GreeksThey haven't opposed him for weeksHe's selling them outTo gain EU cloutHe's one of the Kleptocrat's freaks The Limerick King . The bail-out is headed for...
View ArticleNext Phase in Merkel’s Desperate and Risky Gamble
Wolf Richter www.testosteronepit.com The conflict within the Eurozone has been simmering for weeks. On one side: German Chancellor Angela Merkel and her efforts to protect and promote her oeuvre. On...
View ArticleThe Mystery Behind Rising Oil Prices Solved
From Michael Pento: The Mystery Behind Rising Oil Prices Solved Everything I’ve been warning about regarding the fallout from global central bankers’ love affair with inflation is coming to fruition....
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Bernanke Leaks, Spoils the Punch
Bernanke Leaks, Spills the Punch By Bruce Krasting Jon Hilsenrath, at the WSJ, must have had a phone call with Ben Bernanke on Saturday. Accordingly, Jon put an article out just in time to influence...
View ArticleChaos In Public Housing
On January 30, Het Financiele Dagblad reported that Vestia, the biggest Public Housing Corporation in the Netherlands with 79 thousand rental units, had had a margin call of 1.6 billion euros on its...
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According To Reuters, Soaring Energy Prices Are A Good Thing
When it comes to reporting the news, Reuters ability to get the scoop first may only be rivaled by its ability to "spin" analysis in a way that will make a normal thinking person's head spin. Such as...
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Wall Street’s weekend LTRO conversation: Stealth sovereign bailouts
Analysts are questioning the "double-down effect" the ECB's LTRO exercises are creating in eurozone sovereign spreads. Citi notes a spike in the purchase of government securities since the initial...
View ArticleNews That Matters
By www.thetrader.se Thetrader.seI was struck by the frenzy at one of the Nespresso stores the other day. Hysteric buyers of luxury coffe, sweating to buy their lifestyle coffee, willing to spend...
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Futures Slide On Euro Service PMI Miss, Lower China Growth Target, New Irish...
That red color on your screen this morning is not a failure in the green pixel channel but an indication of three main things. First, European composite PMIs came in at 49.3, down from 50.4 in January,...
View ArticleChris Martenson: Japan Is Now Another Spinning Plate In The Global Economy...
Submitted by ChrisMartenson.com Japan Is Now Another Spinning Plate In The Global Economy Circus At the circus, you are sometimes treated to the spinning plate act where a performer tries to keep an...
View ArticleThe Mainstream Media Still Doesn’t Get the ECB Greek Debt Swap
First off, the details of the swap are as follows: the ECB simply exchanged 50€ billion worth of old Greek sovereign bonds (which were soon to be worth much less if not be outright worthless) for 50€...
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Impoverished US Consumers Drown Their Sorrows In Outdoor Dining
While phrases like 'eat the rich' or 'fatter-cats' might come to mind, the rise in discretionary spending on dining-out, that has surged post 2009 crisis lows, has now regained levels not seen since...
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Dallas Fed's Fisher "Perplexed" By Wall Street "Fetish" With QE3 And...
And now for some pure irony, we have a member of the Fed, granted a gold bug, but a Fed member nonetheless, one of the same people who not only enacted ZIRP, but encourage easy money every time there...
View ArticleMcCain Calls For US To Lead Effort To Begin Syrian Air Strikes
Just a headline from AP for now: Sen. McCain calls for US to lead 'international effort' to begin air strikes on Syria. Looks like operation "Enduring Brent Crude Freedom" is about to commence. From...
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3 Charts On The US Consumption Crash Dead-Ahead
Average US gas prices are over 13% higher since late December 2011, back at June 2011 levels, and do not look set to drop any time soon. The anecdotal impact of this rise in a significant segment of...
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