Shooting From The Hip And Hitting Consumers: Protectionism In France
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter That France’s economy is hurting is an understatement. Today’s manufacturing index tested depths not seen since 2009 during...
View ArticleGuest Post: Plutonocrits
Submitted by Pater Tenebrarum of Acting-Man blog, Charles de Trenck has written a very interesting article on so-called 'Plutonomies' and how they affect the global economy. We offer this article to...
View ArticleThe European Nash Dis-equilibrium Through The Eyes Of A Greek
In a somewhat mind-blowing 'gotcha' this evening (that we saw coming from the moment the words left his lips), the Greek finance minister has been forced to admit he's a lying cheat drop claims that he...
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Three Chinese 'Surveillance' Vessels Enter Japanese Waters Around Senkaku...
It's been quiet, too quiet in the Pacific for the last few days, but now, as Yoimuri reports (and confirmed by Kyodo), the Japanese Maritime Safety Agency (Coastguard) issued a statement that "Chinese...
View ArticleWhy Did The Bundesbank Secretly Withdraw Two-Thirds Of Its London Gold?
Two days ago we reported that the German Court of Auditors demanded that the German Central Bank, the Bundesbank, verify and audit its official gold holdings consisting of 3,396 tons, held mostly...
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Taxman Strips Exotic Dancers' Write-Down
In what will likely cause riots on the streets of New York City, the Court of Appeals has upheld that strip clubs could not longer claim a tax exemption as its stage and couch dances did not merit a...
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It's Been A Wild Ride
The last few years have been a wild ride in the world's equity markets. None wilder than the US equity markets. The only fly in the ointment is that we've seen this kind of 'wild ride' before, the kind...
View ArticleGuest Post: Secession Fever Sweeping Europe Meaningless Without Debt Repudiation
Submitted by Ron Holland via The Daily Bell blog, While regional independence is superior to both the failing European Union and the façade of special interest controlled democracy, one further action...
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After Retracing All After Hour Losses, AAPL And AMZN Resume Downward Direction
After some significantly volatile after-hours action, the wunderkinds of the Nasdaq have reverted back up to their VWAPs as all is well once again and the media narrative can play out... AAPL volume is...
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Apple Cash Balance Rises At Slowest Pace In 30 Months
For a company that recently had a $600 billion market cap, for which scale is everything, and for which every sentence begins with "if you exclude its cash, its multiple is" two things have to be...
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Presidential Election Preview 2: Where They Stand And Why It Matters
The 2012 US presidential election is perhaps one of the most unique and important elections in recent history from an economic perspective (with the time-line rapidly approaching). In choosing its...
View ArticleGentlemen, Start Your Deloreans
Submitted by Lee Quaintance & Paul Brodsky of QBAMCO, “If my calculations are correct, when this baby hits 88 miles per hour... you're gonna see some serious _ _ _ _.” It seems engines are revving...
View ArticleThe SAME Unaccountable Government Agency Which Spies on ALL Americans Also...
“The [Government Agency] — Now Vested With The Power To Determine The Proper ‘Disposition’ Of Terrorist Suspects — Is The SAME AGENCY That Is At The Center Of The Ubiquitous, Unaccountable Surveillance...
View ArticleGuest Post: Japan’s Three Options In The East China Sea
Authored by Robert Dujarric, via The Diplomat, What options does China have? The Naval Diplomat's James Holmes has one idea here. Tensions between Japan and China over the Senkaku (Diaoyu) islands are...
View ArticleDavid Einhorn Explains How Ben Bernanke Is Destroying America
David Einhorn knocks it out of the park with his very first statement during today's Buttonwood Gathering, in a segment dedicated to one thing only: explaining how the Fed's policies are not only not...
View ArticleFukushima Fish Still Glowing As Brightly In The Dark One Year Later
In the immortal words of Bruce-the-shark from Finding Nemo: "Fish are friends, not food"; but in Fukushima, they are neither! As Bloomberg reports, radiation levels of fish caught off the coast of...
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Presidential Election Preview 3: Swing States And The Horserace
The 2012-2013 election season is exceptional, with more than 100 elections in economies accounting for approximately 60% of global GDP. So far, Goldman notes that markets have navigated through...
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What America's CEOs Really Think In One Chart
Equity markets will ebb and flow (mostly flow it seems) at the whim of central planners; and employment statistics will me X-12'd into whatever cognitive bias is required for the status quo to be...
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Draghi's Dike Defended As Market Ends Week Range-Bound
As we noted this morning, today seemed more about defense than offense (even though stocks managed to rally off Draghi's Dike twice). Dow 13,000 and S&P 1400 remain safe. Today's theme is...
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Kevin Henry Gets The Bronze
Kevin Henry, of FRBNY cross-market monitor fame, may or may not have been instrumental in getting the Dow Jones to close (just barely) green (Chuck Schumer don't care about the S&P; the Dow Jones...
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