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Lieborgate's Next Casualty: Bob Diamond's Daughter
Instead of having to fire 1900 people, Deutsche Bank will now have to only let go 1899. The reason: the second most prominent casualty of the Lieborgate scandal is now none other than Bob Diamond's...
View ArticleAnother Market Breaks - Tokyo Stock Exchange Halts Derivative Trades
Earlier today the Spanish stock exchange was down for nearly 5 hours - the reason is unclear: perhaps as a form of precrime punishment to all those felons who would even consider selling stocks in the...
View ArticleThe German Economy Caves, And Eurozone Bailouts Take On New Dimension
Wolf Richter www.testosteronepit.com Last year, German exports rode to a new record, jobs were being created in massive numbers, real wages rose, housing and real estate boomed, the federal budget...
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Chevron's Largest California Refinery "Immediate-Extreme-Health-Hazard" Fire...
UPDATE: *CHEVRON RICHMOND REFINERY HYDROCRACKER EXPLODED: KPIX-TV, REFINERY SHUTDOWN, CAN PROCESS 244,000 BBL/DAY Chevron's Richmond refinery, the largest refinery in California, is under a Level 3...
View ArticleEurope's Beggars: Bluffing Their Way To Unity And Propserity Via Hijacking...
Ten days ago, when predicting what may and likely will be the outcome of the August ECB announcement, we said that it is virtually certain that it will follow in the trailblazing footsteps of what...
View ArticleGuest Post: TBTF Banks Laughing All The Way Home Thanks To HARP
Submitted by David Schawel of Economic Musings blog, The Economics Behind the HARP Program HARP, The Home Affordable Refinance Program, is a streamline refinance program developed to help borrowers...
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Confused Why Goldman Will Face No Criminal Charges? Here's Why
Yesterday, in a brief but informative post, we asked and answered a simple question: "Confused Why So Many Foreign Banks Are Suddenly Being Charged By The US? Here's Why." Naturally, the reference was...
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Guest Post: Signs Of The Times
Submitted by Nicholas Bucheleres of NJB Deflator blog, Retail stores are so 20th century. Really, between Starbucks, McDonald's, and Facebook, who has time to walk around the block, let alone read a...
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What Every Farmer And Commodity Trader Will Be Glued To Tomorrow at 830ET
With drought conditions bad and getting worse and agricultural commodities 'stabilizing' at their multi-year highs, tomorrow morning could be the catalyst for the next leg in a global food inflation...
View ArticleRon Paul’s Legacy: A Complete Audit Of The Secretive Banking Cartel?
Wolf Richter www.testosteronepit.com They only bubble up rarely, these scandals at the Federal Reserve System, but when they do, they're doozies, involving huge amounts of money, massive conflicts of...
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Guest Post: A Step Towards Gold Confiscation
Submitted by John Aziz of Azizonomics, In attempting to stimulate risk appetite by taking “safe” assets out of the market, the Fed has actually achieved precisely the opposite of stimulating productive...
View ArticleObama's Master Plan: Bailout Everyone
A 40% loss of post-IPO market-cap, channel-stuffing largesse, contract-law destruction, and all with tax-payer backing. That is what the Bailout'er-in-chief has in mind for every manufacturing company...
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On The Mystery Rally Of Summer 2012
Six weeks ago we detailed how watching intra- and inter-asset-class correlations can tell investors a lot about what is behind market movements and as Nick Colas, of ConvergEx, highlights in his...
View ArticleThe Zero Hedge Daily Round Up #115 - 29/08/2012
So you're at home and most likely bored with your destitute and sodden life. That's OK, because here's your daily fix of the one serum that keeps you 'up and going' (yeah right), like any good...
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Guest Post: Boom and Bust - The Evolution Of Markets Through Monetary Policy
Via Nicholas Bucheleres of NJB Deflator blog, Over the past two decades, the United States has seen prosperous levels of income and asset price growth. With real GDP climbing steadily and the Dow...
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Citigroup Has The Best Summary Of Europe's Fiasco Yet: "Losses Are...
Feel like every day Europe is juggling hot potatoes? You are not alone. As the following graphic summary from Citi's Matt King (whose insight into Europe, liquidity conduits, shadow banking and a...
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"You Are Here": Echoing The Cognitive Dissonance Of September 2006
With an almost perfect six-year lag, the S&P 500 appears to be following the same path as it did into the Subprime crisis from the Feb 2003 lows - almost too accurately. The analog is stunning...
View ArticleThe “Pauperization of Europe”
Wolf Richter www.testosteronepit.com It started on Monday. “Poverty is returning to Europe,” said Jan Zijderveld, head of Unilever’s European operations, in an interview. The British–Dutch consumer...
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So Much For The Great "Buy BRICs" Trade
Presented without comment. Those who need explanation are encouraged to call Jim O'Neill. He will be delighted to explain this.
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The Complete 'Ranked' World Calendar Of Events To The End Of The Year
The market over the summer has been quieter than we had expected - thanks to Draghi's threats placating-words and Bernanke's promises. Equities rallied, Bunds and Treasuries sold off, and government...
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