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Let's Twist Again? The Bond Market Is Hinting At A Huge Disappointment For...
When it comes to the future, suddenly torn by economic uncertainty driven by a plunging stock market and a tanking economy, the talking heads and the sellside brigade have opined: more QE, preferably...
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Guest Post: David Versus Goliath – The SNB Against Everybody Else
Submitted by Alexander Gloy of Lighthouse Investment Management David Versus Goliath – The SNB Against Everybody Else A picture says more than a hundred words, so I wanted to present in graphical terms...
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And Now, Courtesy of Bridgewater... It's Italy's Turn
Earlier today, by way of a simple graphic, the world's biggest hedge fund, Bridgewater, was kind enough to remind the world just how pointless any debates about Europe's future viability are if the...
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Ft.com China has warned its banks of rampant illicit borrowing by steel companies, a development that underscores the financial dangers for the country as the government mulls a new stimulus effort to...
View ArticleA Central Banker Utters The Truth
Wolf Richter www.testosteronepit.com On July 1, the Republic of Cyprus, a tiny country on a divided Mediterranean island, will rotate into the Presidency of the Council of the European Union—one of...
View ArticleEU Expects Spanish Bank Bailout Loans To Be Double The €40 Bn Previously...
While the Reuters story, which we noted earlier, and which speculated that a no-strings attached bailout of Spanish banks may be coming courtesy of a German stealth funding of the nearly empty Spanish...
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Who Is Right - Gold Or Stocks?
From early October of last year (Grand Plan and Global CB intervention) until the start of the LTRO program in Europe, Gold and Stocks (and Treasuries and the USD) all traded in sync with one another....
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Fed's Beige Book Is Out
Everyone will be scouring for apocalyptic suggestions (need.moar.NEW Kew - EEE) in the following... FED SAYS `HIRING WAS STEADY OR SHOWED A MODEST INCREASE' FED SAYS ECONOMY EXPANDED AT `MODERATE PACE'...
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CoN-FiDeNCe...
"The secret to being a top-notch con man is being able to know what the mark wants, and how to make him think he's getting it." Ken Kesey, One Flew Over the Cuckoo's Nest . .
View ArticleAs France Lowers Retirement Age, Germany Better Be Ready To Pay For...
As noted earlier, Europe has been so obviously crippled by years of brutal austerity (which, as we pointed out before never actually happened), that it has had to experience the supreme indignity - a...
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Morgan Stanley Sees QE3 Rally Lasting Hours Not Weeks
We have quite vehemently reminded readers of the dismal drop in US (and global) macro data over the past few months. These disappointing economic surprises and the ensuing global growth weakness will,...
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TARP Resistance is Futile: Zombie Community Banks Targeted by Former Treasury...
Submitted by EconomicPolicyJournal.com Only days ago, we learned from the Financial Times that the 19 largest US banks are $50 billion short of meeting new capital requirements under Basel III...
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Greek Bank Run Update: €100-€500 Million Per Day
Five days ahead of the Greek parliamentary re-vote, the media propaganda machine has gone mute due to the moratorium on the RAND() known as popular polling: forgotten are the days when Syriza'...
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Import Prices Have Largest Drop Since October 09
MoM import prices met expectations with a significant drop and its largest drop in almost 2 years (after the prior drop was revised up to unchanged) but year-over-year saw import prices drop for the...
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Thetrader.se Must read paper on risk, nerds and the unexpected tails. Great insights by BOE’s Andrew Haldane. http://www.thetrader.se/2012/06/11/tails-of-the-unexpected/ Ft.com All 27 EU countries...
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Gold Deposits Of USD 1 Billion To Be Collected By Turkish Bank
Submitted by Gold Core Gold Deposits Of USD 1 Billion To Be Collected By Turkish Bank Today's AM fix was USD 1,589.25, EUR 1,271.40, and GBP 1,025.65 per ounce. Yesterday’s AM fix was USD 1,593.00, EUR...
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Ahead Of Jamie Dimon's Senate Testimony, Who Knew What, When: The Full...
One day ahead of Jamie Dimon's blockbuster appearance before the Senate Banking Committee, Bloomberg has released the definitive timeline infographic of who knew what, when, together with damning...
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Spanish Bond Yields Hit 2012 Highs As Merkel Dismisses Eurobonds
Spanish bond yields have leaked slowly higher all day but the very recent news from Merkel, talking on the G-20, that: *MERKEL SAYS WRONG TIME TO DISCUSS POSSIBILITY OF EURO BONDS *MERKEL SAYS STATES...
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Commodities Crumble As Stocks Only Stumble
Gold and Treasuries tipped their hands a little pre-FOMC and risk assets plunged immediately on the release's lack of an explicit and immediate print-fest gratification. But between short-squeezes (and...
View ArticleFaster And Furiouser: Darrell Issa Strikes Back, Holds Eric Holder In Contempt
After earlier none other than Obama stepped up and invoked an executive privilege, hoping the next step would be avoided, Darrell Issa just called the president and the AG's bluff: HOUSE PANEL VOTES TO...
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