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SkyNet Thinking Outside The Box
As if further evidence of the algo-driven maniacal market were needed, for the fourth time since this liquidity infused post-March 2009 ramp began, the S&P 500 has managed to correct after a...
View ArticleAllen Stanford Found Guilty Of Being Not Too Big To Fail; In Other News Jon...
In case anyone cares: ALLEN STANFORD FOUND GUILTY BY FEDERAL JURY IN HOUSTON - BBG ALLEN STANFORD FOUND GUILTY ON 13 OF 14 CHARGES - BBG STANFORD CONVICTED IN $7 BILLION INVESTMENT FRAUD SCHEME - BBG...
View ArticleLive Obama Press Conference On Iran, Israel And Netanyahu Meeting
Obama takes on Syria and Iran in his Netanyahu meeting post-mortem. Every time the President says "Israel", "AIPAC", "Friend", "Syria", "Iran", "Terrorists", "Threat", and "Nuke them out of orbit"...
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BIS: Clearing CDS through a CCP could cost “G14 dealers” $100B in margin...
The Bank for International Settlements published a nice working paper this morning ("Collateral requirements for mandatory central clearing of over-the-counter derivatives") that lays out a framework...
View ArticleCitigroup To SkyNet: "You're Hired"
In what can only be the most ironic of stories today, Reuters is reporting that Citigroup has become the first financial services client for IBM's Jeopardy-playing human-cognitive 'machine' Watson....
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Explaining The European €2.5 Trillion Liquidity Catch 22 Closed Loop
If anyone is confused about what the real issue in Europe is, the following two charts should explain it all. Because stripping all the recent rhetoric and bluster about this insolvent nation or that,...
View ArticleSome Thoughts On 'Not Paying' Greek PSI Holdouts
Via Peter Tchir of TF Market Advisors, If Greece decides not to pay the holdouts that is fine for anyone with basis package on (which I think is the bulk of the $3.25 billion of net CDS still...
View ArticleAt Least 4 Greek Pension Funds, Including That Of Police, Refuse To Go Ahead...
So much for Venizelos' best, final, and only deal. From Reuters: Most Greek pension funds holding Greek sovereign debt have agreed to take part in a bond exchange to ease the country's debt burden but...
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Jon Corzine's Family Responds To Accusations Against The Patriarch
First appearing in Vanity Fair:, in response to Jon Corzine's riskiest business. The sweeping negative narrative the authors use to describe our family in “Jon Corzine’s Riskiest Business” [by Bryan...
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Stay Long Gold
As gold pulls back under $1700, back to 6 week lows (and Silver collapses in its high beta way, reverting back in line with Gold), Morgan Stanley says 'Stay Long Gold'. The recent sell-off...
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15 Potentially Massive Threats To The U.S. Economy Over The Next 12 Months
Courtesy of Michael Snyder, Economic Collapse We live in a world that is becoming increasingly unstable, and the potential for an event that could cause "sudden change" to the U.S. economy is greater...
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WTF TueSDaY 2012...
. . . . . . . . . . . Is Gingrich Ass making you scream? O'Reilly Rash burning like steam? Relieve the sensation Of Right irritation With Obamacare cortizone cream The Limerick...
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Financials Implode As Volatility And Volume Explodes
We have been warning that the stocks of the major US financials are on weak ground for a few weeks as credit (and implied vol) markets for the TBTFs had been underperforming notably. Today saw the...
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With $700 Billion In QE3 Already Priced In, Who Will Blink First?
Something interesting happened when the ECB announced last week that its balance sheet was about to rise by €1 trillion gross, and hit a record €3 trillion net earlier today: the EURUSD barely budged....
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European Banks Now Face Huge Margin Calls As ECB Collateral Crumbles
In what could prove to be the most critical unintended consequence of the ECB's LTRO program, we note that as of last Friday the ECB has started to make very sizable margin calls on its...
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On FX and Notes from D.C.
On FX and Notes from D.C. By Bruce Krasting Three weeks ago (Link) I put on a short EURUSD position at 1.3115. It worked for a few hours, and then went south. I sucked wind and damn near got to where I...
View ArticleNews That Matters
By www.thetrader.se Ft.com Lehman Brothers has ended the largest-ever corporate bankruptcy, emerging from Chapter 11 and announcing it will begin making its first payouts to clients next month,...
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Is VIX suggesting market collapse around the corner?
It took the market several weeks to fool the last momos going long this market. We are seeing the biggest daily drop this year in todays session. Over the past weeks people have been buying equities,...
View ArticleOvernight Sentiment Improves Modestly, If Not Greek 1 Year Bonds Which Slide...
Following yesterday's broad risk off day, some positive sentiment has returned to markets despite ugly economic data from Germany, and an odd indefinite halt of trading of Greek bonds on the Milan...
View ArticleFrontrunning: March 7
Key rate for $350 trillion market in limbo - Libor Links Deleted as U.K. Bank Group Backs Away From Rate (Bloomberg) Rift Grows Between Germany's Bundesbank and ECB (Spiegel) Athens issues threat to...
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