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The Silicon Valley Top
From Slope of Hope: Late last year, I paid a visit to Josh Brown ("The Reformed Broker") and had a pleasant chat. I went to his blog a week later and put up a comment, shown below, stating my belief...
View ArticleBernanke's Right Hand Dove, Janet Yellen, Hints At ZIRP Through Late 2015
Last week we had the Fed's hawks line up one after another telling us how no more QE would ever happen. We ignored them because they are simply the bad cops to the Fed's good cop doves. Sure enough,...
View ArticleShilling Shuns Stocks, Sees S&P At 800
In an attempt to not steal too much thunder from Gary Shilling's thought-provoking interview with Bloomberg TV, his view of the S&P 500 hitting 800, as operating earnings compress to $80 per share,...
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The Tale of Two Charts: Can the Central Planners Pull It Off?
As we enter another earnings season, volume has been light, but the S&P is up ~8% YTD. So, are we in the middle of a centrally planned bull market or not? As the sides lay out their arguments, and...
View ArticleA Greek Impossibility
Wolf Richter www.testosteronepit.com It's not like the hapless Greeks—and by extension their foreign sponsors—don't already have enough problems on their hands. Now comes the Hellenic Statistical...
View ArticleWas The SEC "Explanation" Of The Flash Crash Maliciously Fabricated Or...
Regular readers know that since the beginning, Zero Hedge has been vehemently opposed to the official SEC explanation of the chain of events that brought upon the Flash Crash of May 6, 2010, in which...
View ArticleClassic Santelli Rant on the Buffett Rule
One person that is actually worth watching on CNBC is Rick Santelli. Yesterday he went into a fantastic rant about just how ridiculous this "fair share" talk is, and how useless the proposed Buffett...
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Meat (sic) The Other Slimes
The massive grass roots campaign over the topic of "pink slime" which seemingly came out of nowhere, and led to the bankruptcy of the company producing the substance, shows just why product branding...
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China GDP Misses Expectations By A Mile, Rises Only 8.1%, Slowest Pace Since...
The number the market has been waiting for with bated breath arrives: CHINA 1Q GDP GROWS 8.1% ON YEAR, DOWN FROM 8.9% IN Q4; EXPECTED 8.4%, and whispered at 9.0% CHINA'S MARCH INDUSTRIAL OUTPUT RISES...
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Just How Bad Is This Week's Unemployment Claims Data? Not Bad At All
Just How Bad Is This Week's Unemployment Claims Data? Not Bad At All Courtesy of Lee Adler of the Wall Street Examiner The mainstream media today reported an increase in initial jobless claims this...
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Why The Market Is Praying The Fed Does Not Plug Its Heavy Flow
As we have recently pointed out (here), the exponential level of global central bank one-upmanship has created a level of dependency in capital markets never seen so obviously before. Critically,...
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Spain CDS Surges Just Shy Of Record As Spanish Bank ECB Borrowings Go Parabolic
On Easter Friday we presented the parabolic egg that Italy laid in March in the form of Italian bank borrowings from the ECB, which had surged by a record €75 billion to €270 billion from €195 in one...
View ArticleIn Defense of Bankers
Bankers have been under siege lately. I should know, I am one. Just this week we saw a post on this site tying the suicide of a Greek man in the main Athens square to bankers, urging bankers of all...
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JPM Earnings Beat Courtesy Of $0.28 Benefit From Loan Loss Reserves Despite...
Earlier today JPMorgan announced results that were better than expected, with revenue of $27.4 billion on expectations of $24.1 billion, and EPS of $1.31 or $5.0 billion, on expectations of $1.17. As...
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THe TiTaNiC SeTs SaiL...
As you know, this year is the Centennial of the Titanic disaster. We've learned nothing. Banzai7 Institute is breaking it's Titanic presentation into two posts... First, my favorite Titanic poster... ....
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Yen Set To Regain Funding Crown Soon?
The latest CFTC Commitment of Traders report is out, and what a difference two months makes for a currency. After everyone was uber bullish on the Yen two short months ago with nearly record high...
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Biggest Weekly Stock Plunge In 2012 As Financials FUBAR'd
The heaviest weekly loss (down 2%) in the S&P 500 since mid-December and largest two-week drop since the rally began in November was dominated by losses in financials (and energy). The major...
View ArticleEurope’s problems as a symptom
Calling Europe’s problem a balance of payments problem as Martin Wolff and some others are doing is a mistake. It confuses cause with effect. BOP imbalances are the SYMPTOM. The casual variable is...
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"There’s No Place For Hope On Friday the 13th" - Rout Post-Mortem With Goldman
It is always interesting to see how Goldman's sales deks views the day's action. All might be well in China, but Europe again is a cause for serious concern. Spain is the victim of the most intense...
View ArticleGuest Post: Don't Believe Every Energy Dividend Story You Hear
Submitted by Marin Katusa of Casey Research Don't Believe Every Energy Dividend Story You Hear My most recent trip to Calgary gave me a welcome chance to catch up with friends and colleagues in Cow...
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