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Washington’s Biggest Lie (and Why it Continues to be Told)
Washington’s Biggest Lie (and Why it Continues to be Told)From The latest Market Shadows newsletter: A Failure to Communicate: Numbers, Rates & LiesBy Dr. Paul Price of Market ShadowsNormal people...
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Europe's Gluttony Olympics: Fattest, Laziest, Drunkest
Forget Citius, Altius, Fortius ("Faster, Higher, Stronger"), the real Olympic challenge among Europe's nations is Pinguissimam, Ignavissumi, Bibe Maxime (Fattest, Laziest, Drunkest). As WaPo notes,...
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China Services PMI Plunges Most In 15 Months To Lowest Since Aug 2011
While much will be made of the greater-than-50 level for HSBC's China Services PMI, we note that the drop in the last two months is the largest in 15 months and takes the index back to its lowest...
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It's Never Different This Time
Japan's years of quantitative easing, forced financial repression, and Koo-nesian stimulus efforts are an altogether too accurate test-tube for the accelerated policies that Bernanke has engaged. A...
View Article2012: A Trader's Odyssey
Submitted by institutional trader Paulo Pereira, currently on sabbaticalGlobal market Musings: Volatility And The "Backstop"I recently received the following question from a friend of mine and wanted...
View ArticleSerial Government Defaults In The Eurozone
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterAt their meeting on Monday, Euro Group finance ministers had some hot topics to stew over. There was the thorny issue of who’d...
View Article06 Dec 2012 – “ Magic Carpet Ride ” (Steppenwolf, 1968)
06 Dec 2012 – “ Magic Carpet Ride ” (Steppenwolf, 1968)Music LinkStrong start in Risk to take out new 2012 highs in Equities and trying to retrace near 2012 Credit lows, too. Core EGBs cool. Bunga...
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Europe's Scariest Chart - Update
Despite Draghi's insistence that 'significant' progress has been made, that the ECB's efforts have not been "killer medicine", that stocks are higher and spreads are lower (implying the ECB "has...
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AAPL & Stocks 'On'; Rest Of Risk 'Off'
AAPL's phoneix-like rise from the WWJTD lows this morning has been capped at yesterday's closing VWAP. Stocks and Gold are recoupled for the week pushing towards the highs (and high yield credit and...
View ArticleSantelli Sums It Up In 10 Words: "Debt Ceiling Is Not The Problem. Debt Is...
Since the 2nd Liberty Act of 1917 birthed the debt ceiling, due to issues financing USA's entry into World War I, CNBC's Rick Santelli notes that there has been many documented 'violations'. However,...
View ArticleThe US Is Not Egypt But Is Obama About To Go 'Morsillini'
UPDATE: Senate Republicans block vote on President Obama's debt-limit planThe Pharaoh-like power-grab of omnipotence that Egypt's Morsi recently pulled seems to have set a precedent among newly...
View ArticleGuest Post: The GOP Is Dying Because The Liberty Movement Is Thriving
Submitted by Brandon Smith of Alt-Market blog,To the point of causing intestinal convulsions, there has been no shortage of analysis on the elections of 2012. Every no-name mop-head mainstream media...
View ArticleBumble Bees 'Technically' Can't Fly; Just Don't Tell Them!
Blain's Morning Porridge via Mint,"From a technical perspective Bumble Bees can't fly. For heaven's sake don't tell the bees..."Lots to talk about today including stroppy phone calls on the Fiscal...
View ArticleThe Total Animated, Annotated US Debt
With debt ceilings being summarily dismissed and billions and trillions of dollars being thrown around like confetti, we have become almost entirely de-sensitized to the colossal size of the numbers...
View Article"Trenton Makes, The Mayor Takes" Mack Indicted On Corruption Charges
Just a few months back we noted the FBI's arrest of Tony Mack, the Mayor of New Jersey's salubrious capital Trenton. Today, via AP, the mayor and his brother have been indicted on eight counts of...
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On Gold; Morgan Stanley Is Buying What Goldman Is Selling
Just yesterday, Goldman Sachs suggested its clients should sell their gold (to them?) as the precious metal cycle had turned. It seems Morgan Stanley disagrees; the firm's preferred fundamental metal...
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Why Is The Market Mispricing Uncertainty By 50%?
By now there can be no doubt that due to Bernanke et al's endless intervention in any and all capital markets, the "market" is no longer a mechanism that discounts the future in any way. In fact,...
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TORA, BoRa, TORA!
. .Here's a new Christmas traditionTo honor the drones and their missionPeace, Hope and LoveAnd Death from AboveTo all those who practice seditionThe Limerick King
View ArticleFriday Humor: Deck The Halls With Macro Follies
The next time someone has the temerity to tell you you can't spend your way to uber-wealth, first spit in their non-Keynesian face, and then make yourself a little richer by buying the following broken...
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