News That Matters
The Trader Many traders in today’s investment marketplace have negative psychological traits that can work against them. As prevalent as these traits can be, traders may not even be aware of how such...
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Amazon Surges After Hours On After-Tax Accounting Gimmick, Cash Burn,...
Either the algos are getting really stupid, or nobody cares at all about the quality of earnings any more. Case in point - Amazon, which was expected to post revenues and EPS of $12.9 billion and...
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Mad Cow Found in California … Because Cows Are Being Fed Blood, Animal Parts...
Image by William Banzai A central California cow tested positive for mad cow disease. As we’ve previously noted, the government’s policy is ensuring additional cases of mad cow: The government is so...
View ArticleS&P Cuts Spain to BBB+, Outlook Negative
Adding insult to Bayern Munich injury, we just got S&P which did the impossible and cut Spain to BBB+ from A (outlook negative) not on Friday after hours. Kneejerk reaction is a 30 pip drop in...
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Student Loan Debt Slaves In Perpetuity - A True Story Of "Bankruptcy Hell"
The numeric implications as well as the magnitude of the student loan bubble have been discussed extensively before. Yet just like most people's eyes gloss over when they hear billions, trillions or...
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Guest Post: Social Security Has A Real Problem
Submitted by Lance Roberts of Street Talk Live, The Social Security Administration made an alarming announcement recently that they will exhaust their funding capability by 2033 which was several years...
View ArticleBill Gross On Europe's Dysfunction And US Double-Dips
PIMCO's Bill Gross spent a longer-than-soundbite period discussing QE3, the chance of a US double-dip, and Europe's ongoing dysfunction with Trish Regan on Bloomberg Television this afternoon. Given...
View ArticleJim Grant On The Monetary Priesthood's "Atlas Complex"
The bow-tie-and-bespectacled Jim Grant once again takes the centrally-planned 'Office of Unintended Consequence' (aka The Fed) to task in a thoughtful exchange with Capital Account's Lauren Lyster....
View ArticleItaly Sells 4, 5, 7 And 10 Year Bonds: Yields Jump, Bids to Cover Slump:...
While Europe is still keeping up a facade that all is well in the aftermath of the Spanish downgrade, but far more importantly its sheer economic collapse as noted earlier, just so Italy could price...
View ArticleFrontrunning: April 27
Hollande Says Germany Can’t Make Europe’s Decisions Alone (BBG) Monti Hits at Eurozone Austerity Push (FT) Firm that made loans to Chesapeake CEO defends them (Reuters) Bo Xilai's Son Doesn't Drive a...
View ArticleOvernight Sentiment: Zen-like After Initial Revulsion
Futures are unchanged after dropping steeply overnight following the Spanish re-downgrade as the Italian 5/10 year bond auction was bad, but still passed (somehow the lack of the European bond market...
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Previewing Today's Q1 GDP Print
In 45 minutes we will get the first unrevised big picture look of how the US economy did in the record hot weather-boosted first quarter of 2012. Consensus is looking for a +2.5% print, although...
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A Realistic Look At The Companies In The CNBC Stock Draft 2012 - Part 1
For those who didn't see the CNBC Streetsigns show yesterday, I have put together a brief (often not so) fundamental overview of the stocks that were available for drafting in during the airing,...
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Big GDP Miss: 2.2% Vs Expectations Of 2.5%, Composition Even Uglier
So much for the +3.0% GDP whisper number. Instead of printing at the expected number of +2.5%, the first preliminary GDP data point (two more revisions pending) came out at 2.2%, a big disappointment...
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Eric Sprott: "When Fundamentals No Longer Apply, Review the Fundamentals"
By Eric Sprott And David Baker of Sprott Asset Management When Fundamentals No Longer Apply, Review the Fundamentals This may not come as a surprise, but we're still not seeing it. We're not seeing a...
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Golden Day As Stocks Slip And Silver Still Leads YTD
When even Pisani is questioning the fundamental-less QE3-addicted rally, it is perhaps self-evident that volumes were lagging today and stocks gave up most of their gains to end fractionally higher in...
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Should We Kill The Politicians Before They Kill Us?
Should We Kill The Politicians Before They Kill Us? “The first thing we do, let's kill all the lawyers.” William Shakespeare, Henry the Sixth That was four hundred years ago, long before lawyers would...
View ArticleMichael Krieger On The Rebirth Of Barter
Via Michael Krieger of 'A Lightning War For Liberty' blog, Justice in the hands of the powerful is merely a governing system like any other. Why call it justice? Let us rather call it injustice, but of...
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Torture Cheerleaders Back In the News Trying to Defend the Indefensible
Update: Up to 10 ... 9 Torture Myths Debunked The so-called “debate” about whether torture helped to keep us safe is reemerging, as the former chief of CIA clandestine operations Jose Rodriguez is...
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