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Oil Inventories Jump And Kansas City Fed Manufacturing Drops To 28 Month Low
Yet another set of macro data that will keep 'em guessing as Oil inventories rose more than expected and the Kansas City Fed's Manufacturing index dropped to 28 month lows and went negative for the...
View ArticleGuest Post: Will "Tax the Rich" Solve Our Deficit/Spending Crisis?
Submitted by Charles Hugh-Smith from OfTwoMinds, Will "Tax the Rich" Solve Our Deficit/Spending Crisis? (December 28, 2011) If we look at tax revenues and income in a practical way, we find "tax the...
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WSJ On DSK, DisUnion, And The Dismal Dithering In Europe
In an interesting history, today's WSJ points to a closed-door meeting in Washington on April 14th of this year as the moment that the attempts to 'save' Europe began to unravel. The player at the...
View ArticleSopa Would DESTROY Jobs and the Economy … So Why are Unions Supporting It?
By Washington’s Blog The promoters of the Stop Online Privacy Act (Sopa) are pretending that it would save jobs and help the economy. But it would actually destroy jobs and hurt the economy. No one...
View ArticleGuest Post: Another Asian Fukushima Imminent?
Submitted by John C.K. Daly from OilPrice.com, Another Asian Fukushima Imminent? Taiwan imports 99 percent of its energy, which is vital to its rapidly industrializing economy. The island...
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European Credit Weakens As Stocks Rally
European markets are thin this week, thinner even that in the US from what we see in credit runs and equity volumes, but today saw a notable divergence between credit (sovereign, financial, and...
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New Fiscal Compact, Or More Of The Same For Europe?
While the language, so far, of the new fiscal compact for the European Union remains wishy-washy at best and outright useless from an enforceability perspective at worst, we thought it instructive to...
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TiMe To PiCK UP THe THuRSDaY PieCeS!
RUNAWAY EURO TRAIN . . . . . . You really want to know what Mitt Romney's true calling is? . . Presenting Kim Jong UnVis . Unvis atop the Sacred Mountain . . . More one chord...
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Is Today's Market Pricing A Forthcoming Reactionary-QE By The Fed?
Our earlier discussion of the relationship between ECB and Fed balance sheets as the driver of risk correlations this year seems particularly timely as we are seeing quite notable divergences among US...
View ArticleFly Your Own Spy Drone … For $300
By Washington’s Blog The Parrot A.R. Drone can be launched and controlled with your iPhone or iPad: The Parrot A.R. Drone costs $299. The Parrot A.R. Drone can maintain stable flight at an altitude of...
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$135 Billion Redeemed From US Equity Mutual Funds In 2011, 34 Of 35...
At this point the weekly ICI fund flow update, showing the barrage of redemption requests no matter what the market does, is a moot point, but we will do it anyway: in the week ended December 21, when...
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ES Bounces Off 200DMA And Total Chaotic Disconnect Ensues
As headline-makers from every mainstream media outlet attempt to fit today's spectacle to their cognitive biases, we note the massive surge in volume at the close in ES (the e-mini S&P futures...
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Summarizing 2011 In Nine Easy Charts
If one had to summarize 2011 in one sentence, it probably would be: "a year in which the market ended unchanged, in which the world got within seconds of global coordinated bankruptcy, and in which...
View ArticleCentral Planning Update (In Theory And Practice) - You Are Here
Submitted by Jeffrey Snider of Atlantic Capital Management Volatility Is The Price Of Real Progress As we all ponder what may come at us in 2012, the ongoing volatility in almost every corner of every...
View ArticleFrench CEO About Ratings Agencies: ‘We Have To Shoot All These Guys’
Wolf Richter www.testosteronepit.com "We’re experiencing the beginning of the repercussions of the financial crisis,” said Michel-Edouard Leclerc on Wednesday during an interview on Europe 1,...
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Fed Swap Lines Jump 59% In A Week As Japan Shows Its Hand
It seems that it is not just the Europeans that are USD cash starved heading into year-end as the Swiss and Japanese gorged themselves on two-week maturity FX swap lines during the last week. The total...
View ArticleThe Sovereign Ponzi - Tick By Tick Research Email
Dear All In 1903, a young Italian man by the name of Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi (Charles Ponzi to you and I) arrived upon American shores aboard the SS Vancouver. With dreams of...
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European Banks Close 2011 With Near Record Cash On Deposit At ECB, €9 Billion...
In the last daily update of 2011, the ECB announced that European banks saw their usage of the central bank's deposit facility rise yet again following a modest drop the day before to fund some Italian...
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Foreigners Dump Record Amount Of US Treasurys In Past Month
With year end fund flows making absolutely no sense for the most part, thank you global central planning, as the euro plunges and the market refuses to follow, with risk assets rising on speculation...
View ArticlePreviewing Today's Market Ghost Town
The only thing of note today (there are no economic announcements at all, just the Fed disclosing the latest Op Twist schedule at 2 pm) is that while the bond market closes at 2pm, stocks will be left...
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