Guest Post: Meet Brandon Bryant: The Drone Operator Who Quit After Killing A...
Submitted by Michael Krieger of Liberty Blitzkrieg blog,Bryant saw a flash on the screen: the explosion. Parts of the building collapsed. The child had disappeared. Bryant had a sick feeling in his...
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Cyprus: The Dog that Didn't Bite...Yet
Last week Eurogroup head Juncker warned that the situation tiny Cyprus was more worrisome than Greece. While this seemed to be an exercise in hyperbole, sure enough Monday, a Cyprus official was...
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A Few Developments Augment Holiday Mood
The US dollar is mixed. Softer against the European complex, but firmer against the dollar bloc. It is essentially flat against the yen. Equity markets are advancing and the Nikkei, which gapped...
View ArticleOvernight Sentiment: Nothing But Cliff
By this point it has become clear to everyone that all fact-based news can be safely ignored, and all that matters is the ongoing Fiscal Cliff pantomime as has been the case for the past month. Sure...
View ArticleFrontrunning: December 18
Obama Concessions Signal Potential Bipartisan Budget Deal (BBG)Cerberus to sell gunmaker after massacre (CNN)With New Offers, Fiscal-Cliff Talks Narrow (WSJ)Judge rejects Apple injunction bid vs....
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Japanese Pension Funds With $3.4 Trillion In Assets Seek Safety In Gold
From GoldCore Japanese Pension Funds With $3.4 Trillion In Assets Seek Safety In GoldToday’s AM fix was USD 1,699.50, EUR 1,289.26 and GBP 1,048.10 per ounce. Yesterday’s AM fix was USD 1,690.00, EUR...
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Spanish Bad Loans At New Record, Deteriorate At Fastest Pace Since June
For the green-shoot-minded, last month's albeit record high Spanish bank loan delinquencies was occurring as its first derivative was slowing. Well dash those hopes as this month sees bad loans not...
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Abe 2.0 Begins - Step 1 Remove All Budget Limits; JGB Yields Crack
Well that did not take long. T+2 days from his re-election, Shinzo Abe has summarily unbudgeted himself. As Kyodo News reports, the sphincterially-challenged wild-man has decided to scrap the country's...
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"As Part Of Our Ongoing Effort To Protect Bank Of America, Zero Hedge Is...
We couldn't have said it better: "Bank of America blocks users from accessing websites that present certain risks to the bank."Let's see, maybe this will get Zero Hedge unblocked: "Just buy BAC stock....
View ArticleThe Most Critical 48 Hours In The Fiscal Cliff Melodrama Have Begun
There is now about 48 hours until the rubber hits the road. What happens in the next 2 days: in a somewhat surprising development earlier, the Republicans today managed to turn the tables on the...
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More Un-Predictions: Deutsche's 13 Outliers For '13
Following on the heels of Byron Wien, Morgan Stanley's Surprises, and Saxo's Outrageous Predictions, Deutsche Bank's FX strategy team has created a who's who of 13 outliers for 2013. Quite frankly,...
View ArticleJeff Gundlach On The Fiscal Cliff Circus And Why Investors Should Hold Cash...
From the sheer hypocrisy of a fight over a few billion dollars when faced with trillion dollar deficits and the eventual austerity that will be forced upon the US, DoubleLine's Jeff Gundlach expounds...
View ArticleZombie Dance Party: Same Girls, New Music
"As long as the music is playing, you've got to get up and dance. We're still dancing.”Chuck PrinceCEO, CitigroupBloomberg News reports that Bank of America Corp. (BAC), the best performer in the Dow...
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European Currencies Rally, Dollar-Bloc Heavy
This week's pattern remains intact. The US dollar continues to trend lower against the European currencies, but is firmer within the dollar-bloc and against the yen. Spanish and Italian bond yields...
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Sentiment: Deja Cliff
Blah blah Fiscal Cliff blah. Blah blah blahdy blah Cliff. Cliff blah blah republicans blah democrats blah blah blah blah. Blah blah blah blah, blah blah, blah blah blah blah blah, blah blah, Cliff....
View ArticleECB Again Accepting Greek Bonds As Eligible Collateral
Those curious why the EUR is back to highs not seen since April, it appears the reason is because Europe's currency is once again directly collateralized by such money good assets as Greek Sovereign...
View ArticleFrontrunning: December 19
Republicans put squeeze on Obama in "fiscal cliff" talks (Reuters)Inquiry harshly criticizes State Department over Benghazi attack (Reuters)Banks See Biggest Returns Since ’03 as Employees Suffer...
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It Really Is Different (Again) This Time
Despite the seemingly generational destruction to household and bank balance sheets and an entirely unprecedented fiscal and monetary policy reponse, investors would never know it given the market's...
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The One Single Reason Why We're Going Over the Fiscal Cliff
Given that we’re a mere days away from the US going over the fiscal cliff this is worth a reprint. I’m going to lay out everything you need to know about the fiscal cliff negotiations. After reading...
View ArticleThings That Make you Go Hmmm - Such As A Fake Tan... Or A Centrally-Planned...
Bernanke and his fellow Beltway insiders continue to apply fake tan in an attempt to make the US economy look more healthy than it is, but even though the public has been in love with the bronze...
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