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Couple Lives In $1.3 Million, 4,900 Square Foot Home For Five Years Without...
Wonder how Americans can afford to buy millions of iGadgets, a second LCD TV for the shoe closet, and eat at restaurants more than almost any time in the past despite sliding personal income? Simple -...
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ONe FoR SeaMuS...
. . WB7: Certain other web sites have reposted the latest New Yorker cover online. But you won't find anything like this anywhere else, except here and on Max Keiser's site. ;-)
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Biggest 3-Day Slump in 3 Months for High-Yield Bond ETF
The ever-so-popular high-yield bond ETF, HYG, is suffering its biggest 3-day drop since Thanksgiving as higher beta assets are underperforming and the up-in-quality and up-in-capital-structure trade...
View ArticleIIF Steering Committee Holds Only 20% Of Greek Bonds Subject To PSI
Earlier this morning, to much fanfare, the various member of the IIF steering committee announced that they would all gladly be part of the voluntary haircut that would chop off over 70% of their hair....
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FX Trader Spends $323,483 At Liverpool Night Club
In what could be the largest (known) bartab in history, an unknown gentleman spent £203,948.80 ($323,483 at the closing GBPUSD spot rate) at Liverpool nightclub PlayGround - a purchase which included a...
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Probability Map: Morgan Stanley's Vincent Reinhart still says 75% chance of...
Newsflash: the Fed controls the economy. It's working on financial markets. Former Fed official and Treasury put-master Vincent Reinhart, who is now the chief U.S. economist at Morgan Stanley, says the...
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Apple Encounters Gravity As 3rd Biggest Drop In 3 Months Drags Market Down
While not quite as impressive as the 02/15 sell-off in terms of volume or size, today's weakness in Apple's stock price was the 3rd largest drop in 3 months as we note implied vol pushed up once again...
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On Contagion: How The Rest Of The World Will Suffer
Excess debt is causing global banking problems. Euro-Area debt is estimated to be 443% of GDP, third highest in the world, far above the US at 355% and completely unmanageable in a currency union...
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Morgan Stanley's Latest 'Commodity Thermometer'
Two weeks ago we presented the latest and greatest "commodity thermometer" courtesy of Morgan Stanley's commodities team. Below is the latest just released iteration. Not much of a change, with gold...
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Color Gets Dumber
This is my third post I've done about Color.com, the "company" into which mentally-challenged venture capitalists poured $41 million. Good luck on seeing any of that back, fellas. In my first post,...
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Welcome To Sub-Nanosecond Markets
Just as market regulators were finally getting wise to the fact that they have no clue how modern market works, what modern market topology is, or how High Frequency Trading impacts the stock market...
View ArticleCan't Even Urinate In His Own Yard Anymore
Wolf Richter www.testosteronepit.com While some people were fretting over Google's new “privacy” policy that took effect March 1—“Calling this a ‘privacy policy’ is Orwellian doublespeak,” said John...
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Mystery Trader Revealed...And His Name Is 'Hope'
The UK's Daily Mirror newspaper has uncovered the FX trader who dropped over $300k in a Scouse club. It is a 23-year old 'self-taught' barrow-boy named (somewhat ironically in our view) Alex Hope....
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Volatility, Fear, Stocks and Gold
Volatility, Fear, Stocks and Gold Courtesy of Chris Vermeulen Over the past 5 months we have seen volatility steadily decline as stocks and commodities rise in value. The 65% drop in the volatility...
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The Goldman Grift Shows How Greece Got Got
Greece will burn economically because of financially engineered, grifted ways and it most definitely will not be the only country in the EZ to do so. I have made this unequivocally clear since...
View ArticlePresenting The Original Kyle Bass Subprime Presentation
In this day and age of pervasive momentum trading, herd-following and unfathomable and sheer "investing" stupidity, it is refreshing to now and then run across forward looking pieces of research that...
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On China And The End Of The Commodity Super-Cycle
China had a massive surge in its demand for commodities over the past decade, fueled by its housing boom and infrastructure investment boom. From 2000 to 2010, China’s imports (in value terms) of iron...
View ArticleGuest Post: Welcome To Year Five In The Crazy House
Submitted by Charles Hugh Smith of OfTwoMinds blog, For four long years, the financial and political Status Quo has masked pervasive structural decay with artifice, pretense and lies. It's like we're...
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Worst Day In Europe Since Rally Began
While we have noted the comparative weakness in European credit and sovereign markets, stocks had so far remained hopeful until today. Bloomberg's broad BE500 index of European stocks fell 2.8% today,...
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