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Three Days Ahead Of Election, Candidates Tied Reuters Finds; Bill Maher Jokes
With only three days to the big unveiling, the candidates are essentially tied for the Presidential election. The Reuters/Ipsos daily tracking poll released this morning has (of likely voters) 47%...
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Why Self-Sufficiency Matters (Or Why Europe's Growth Outlook Is Not Good!)
Self-sufficiency matters. Bridgewater's Ray Dalio sees this logical concept as consistently an important ingredient for individuals, and even more so for societies as a whole, to become successful. As...
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GoT GaS?
. Lloyd is now siphoning gasHe's stealing from people en masseWhat he takes from our tankHe pours into his bankHe's simply a thief with no class The Limerick King
View ArticleBundesbank Continues Golden Damage Control: Invokes Ghosts Of Simon Gruber...
It appears that the Bundesbank has never heard of the saying: when in a hole, stop digging (neither has any Keynesian in the history of humanity, but that's a different story). For the full plotline on...
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A Tale Of Two New York Cities
When a photo generates one thousand reactions, even without backup generators. (Via New York magazine)
View ArticleGuest Post: China 'Addicted To Credit'
Authored by James Parker via The Diplomat, Whilst the economic data shows at least some signs of an anaemic turnaround, China’s corporate results are demonstrating just how difficult things have been....
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Job Creation Under Barack Obama: Less Than Meets The Eye?
In the aftermath of yesterday's better than expected jobs number there have been many analyses in the media on both sides of the aisle, either attacking or defending Obama's track record in creating...
View ArticleShuffle Rewind 29 Oct-02 Nov " Where Is My Mind? " (Pixies, 1988)
Shuffle Rewind 29 Oct-02 Nov " Where Is My Mind? " (Pixies, 1988)Music Link This week in review (compared to Fri 26 Oct COB):Click on day for related post, on title for song. I felt we had ended the...
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Peripherals Plunge As Swiss/German Safety Sought Once Again
For the tenth day in a row, Portugal's bond spreads widened - now the biggest two-week move since January as its absolute spread is back well above 700bps once again. Spain and Italy have been leaking...
View Article05 Nov 2012 – “ Nothing Really Matters ” (Madonna, 1999)
05 Nov 2012 – “ Nothing Really Matters ” (Madonna, 1999)Music LinkTake-away: Nothing really mattered… Eventually. Europe correcting Friday’s excessive optimism, in line with the US, treading water...
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The Center Cannot Hold: Kleptocracy Delegitimizes The Status Quo
Via Charles Hugh-Smith of OfTwoMinds blog,The center cannot hold because it has failed the nation by defending the Status Quo kleptocracy.Let's start with William Butler Yeats' (1865-1939) poem, The...
View ArticleTrillions of Dollars of Securities May Have Been Destroyed by Hurricane Sandy
The Depository Trust & Clearing Corp (DTCC) holds trillions of dollars of stock certificates in trust for their owners, through its subsidiary Cede & Co.DTCC subsidiary Deriv/SERV also clears...
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Stocks And Bond Yields Play Catch Down To Gold's Friday Weakness
Friday's afternoon avalanche was unevenly distributed across asset classes with Gold and Oil leading the move lower, the USD limped higher, and until late in the day, stocks and Bonds meandered along...
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Guest Post: Is Canada's Housing Bubble 'Different'?
Via Pater Tenebrarum of Acting-Man blog,Nothing to Fear, They SayAccording to this article, CIBC thinks the huge amount of household debt in Canada and the beginning cracks in the housing bubble are...
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The Election's Implications For FX Markets
Over the last few weeks we have looked at where the two candidates stand, the implications of a Romney win on the economy, how investors are positioning in equity and bond portfolios for each...
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Quote Of The Day From Credit Suisse: "US Stock Market More Reliable Despite...
Just in case anyone wanted to know what not to say to defend the absolute horrific mess of self-aware vacuum tubes and errant algos, formerly known as "the market", here is a great primer from Credit...
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The Blog That Could Have Saved That Investment Bank - Or - Beware Of Those...
In the post After My Contrarian Calling Apple's 3rd Miss Accurately, I Release My Apple Research Track Record For 2 1/2 Years, I came clean with the historical performance of my Apple research. Of...
View ArticleThe 'Moments' Of Our Lives
Via Mark J. Grant, author of Out of the Box,“You do not remember the days; you remember the moments.” -The Wizard We have had two Greek moments, a Portuguese moment, an Irish...
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The "Believe In Germany Bailing The EU" Trade: Go Long Magic Wand Raw...
ZeroHedge, in its snarky, smart ass, Reggie Middleton-like manner made me chuckle this morning with this headline: Mario Draghi Sends Risk Reeling After Exposing Bitter European TruthIt was shaping up...
View ArticleGreek Brothel To Sponsor Broke Elementary School
This is what complete social collapse looks like. First, the local Neo Nazi party has soared in the polls and is now the third most popular Greek party. Then, in lieu of other sources of capital, a...
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