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Bloomberg Spews A Bunch Of Disingenuous Crap On Consumer Comfort
Bloomberg Spews A Bunch Of Disingenuous Crap On Consumer Comfort Courtesy of Lee Adler of the Wall Street Examiner "Consumer Confidence Rises to 4-Year High" blared the Bloomberg headline in a font...
View ArticleObama Denies Trying To Bribe Israel In Exchange For Iran Bombing Delay
Earlier today we reported that based on various sources, the chief topic of conversation between Obama and Netanyahu at this week's talk between the two leaders was the calendar for Operation Desert...
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INACTioN JaCKSoN: GeT SoMe ROBO INAcTioN
A MASTERPIECE OF MISDIRECTION I was wondering why he decided to re-explain George Bush's continuing policy on citizen assassinations this week. Then it dawned on me. Remember the ROBO Settlement...
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Reuters Reports That Hedge Funds Have Found Greek Default Trigger Loophole
While the general market mood is one of pre-default euphoria reminiscent of that in the pre-Lehman weekend, clouds may be brewing. As Reuters reports, "Some hedge funds have found a legal loophole they...
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Morgan Stanley: Still "lots to solve" in the euro-sovereign bank nexus
So don't get too excited: DailyCollateral.com // @DailyCollateral Recent articles: Albert Edwards: JPY devaluation exacerbates risk of China hard landing, drags them into currency war A word from...
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US Budget Deficit Hits All Time High In February
For a global economy that is "improving" we sure are getting a whole lot of records in the won't direction in the last two days. Yesterday it was Japan which printed a record current account deficit...
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Guest Post: How To Become An American Extremist In Style!
Submitted by Brandon Smith from Alt-Market How To Become An American Extremist In Style! For most of us in America today, childhood was a time of vast and unassailable dreams. What we could become,...
View ArticleGreek Bonds, Dexia Trash, French Postal Service, & Profit
Wolf Richter www.testosteronepit.com Two freaks—Greek bonds and bailout-queen Dexia—wormed their way into another earnings announcement today, this one by the French postal service. Nevertheless, La...
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The Stranger Beside You - Spouses And ETFs
ETF fund flows have been a uniformly positive source of capital into U.S. risk markets in 2012. Looking a little deeper at the decidedly 'risk-on' flows, Nic Colas (of Convergex Group) notes perhaps...
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Has Japan Run Out Of Cans To Kick?
Japan's Trade and Current Account imbalances appear to be hitting some kind of terminal velocity and while neither JGBs nor CDS seem to reflect the ensuing chaotic recognition that perhaps the can that...
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Greece Issues Statement On PSI, Says €172 Billion Of Bonds Tendered In Swap,...
The biggest sovereign debt restructuring in history is now, well, history. The headlines are finally come in: GREECE ISSUES STATEMENT ON DEBT SWAP GREECE COMPLETES DEBT SWAP GREECE SAYS EU172 BLN OF...
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Risk-Off Initial Reaction To PSI Deal
Broadly speaking markets are derisking post the PSI deal announcements. Treasuries are 1-2bps lower in yields, EURUSD is down 35pips or so under 1.3230 (and JPY is rallying as carry is unwound), ES has...
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Goldman's February NFP Forecast: +200,000, 8.2% Unemployment Rate
If a Greek default is not enough for the compulsive speculators out there, as a reminder today we have that all important February NFP number release, which on one hand we have ADP as indicating in...
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Commodities Recover As AAPL Saves The Tech Sector
The only sector of the S&P 500 that was not red today (and for that matter the week) is Tech as AAPL managed another wonderful 1.45% rally today (up 5.6% on the week - it's best performance in 3...
View ArticleEgan Jones Downgrades USA From AA+ To AA, Outlook Negative
A few weeks ago when discussing the imminent debt ceiling breach, and the progression of US debt/GDP into the 100%+ ballpark, we reminded readers that in February S&P said it could downgrade the US...
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On FX
On FX Courtesy of Bruce Krasting There was a mini flash crash in the EURCHF cross this morning. Two charts on the price move: (Link and Link) . I was watching markets on a screen. When I saw...
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Q1 Post Mortem Stunners: Full Year 2012 EPS Forecasts Are Down 2% YTD; Apple...
With the record first quarter in the books we perform a quick postmortem and find some stunning things, the first of which is that the 12% YTD growth in the S&P YTD has been entirely due to...
View ArticleGreece: Even Corruption Is In A Deep Recession
Wolf Richter www.testosteronepit.com Transparency International just published the results of its 2011 National Survey on Corruption in Greece, which tried to sort out the kind of bribery and petty...
View ArticleJPMorgan Trader Accused Of "Breaking" CDS Index Market With Massive Prop...
Earlier today we listened with bemused fascination as Blythe Masters explained to CNBC how JPMorgan's trading business is "about assisting clients in executing, managing, their risks and ensuring...
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