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An Hour In The Company Of Kyle Bass
Last year's AmeriCatalyst interview with Kyle Bass provided much more color than the normal 30-second soundbites that we are subjected to when serious hedge fund managers are exposed to mainstream...
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Japan’s Export Debacle: Revenge In China, A Crash In Europe, Offshoring All...
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterOne of the pillars of the Japanese economy has been its exports. That pillar has been crumbling for years, but the...
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Who Will Keep The German, And Thus Europe's, Economy Running?
After a significant slowdown in the years before the crisis, Goldman Sachs notes that the number of immigrants coming to Germany is rising strongly again. While it is not clear at this point how...
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What Happens When "Financial Journalists" Give Guidance?
We all know what happens when those pessimistic fringe blogs try to bring a little sobriety to the table.But what happens when reputable "financial journalists"VVV...
View ArticleWhy it is Not Possible to be Moral and to Work For a Bank
In honor of December 21, 2012, a date that a few elements in the West have used to bastardize the Mayan calendar with apocalyptic predictions, we present to you a philosophical debate. Felipe Gomez,...
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BOJ's QE10 Is Latest Japanese Dud Ahead Of The US Cliffhanger
Very much in keeping with the tradition of Japan's now monthly QE8 (September) and QE9 (October), last night's announcement of what is effectively QE10, left a bitter taste in the mouth of salivating...
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Yen Rebounds, Dollar Softens
The US dollar is sporting a softer profile today. It had initially extended its gains after recovering in North America yesterday. In Japanese candlestick terms the euro and sterling had recorded...
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Iraq Quadruples Gold Reserves In Two Months - First Time In Years
From GoldCoreIraq Quadruples Gold Reserves In Two Months - First Time In YearsToday’s AM fix was USD 1,648.25, EUR 1,246.97 and GBP 1,014.56 per ounce. Yesterday’s AM fix was USD 1,667.00, EUR 1,259.25...
View ArticleThe Party's Just Beginning
Via Mark Grant, author of Out of the Box, “For thousands more years the mighty ships tore across the empty wastes of space and finally dived screaming on to the first planet they came across--which...
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November Disposable Income, Durable Goods Soar: Sandy's Fault?
Something funny happened on the way to another "it's all Sandy's fault" justification for economic data misses today: it flipped. Because while in November, Personal spending was expected to surge...
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Ghost Exchange
It's no secret that high-frequency traders and those who employ bad or manipulative algorithms are swimming in pools of money. Most of these guys making complex statements for computers to follow...
View ArticleJingle Bells - The Fiscal Cliff Remix
By DJ Matt King from CitigroupJingle bells (fiscal cliff remix)Dancing on the edgeOf the looming fiscal cliffImpossible to hedgeThe politicians’ tiff.It’s spending cuts we needTo cut the deficitBut...
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Guest Post: Repressed Fear
Via Global Macro Monitor blog,This nice chart comes to us from the Leuthold Group via Bloomberg. It illustrates that market fear or risk aversion is at its lowest levels since the 1980's! Yikes! The...
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Looting Breaks Out In Argentina
If you were wondering why the Argentinian leadership were unwilling to pay off a few 'annoying' hedge funds with a few billion dollars (and were pissed about losing one yacht), then perhaps this report...
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Treasury Selloff Exhaustion Has Reversed - Next Stop Month / Year End
2 days ago we talked about why US treasuries were cheap (both on an outright basis and on a relative value basis vs stocks). While I make no prediction regarding the direction of the stock market...
View ArticleBoehner To Explain Plan 'B.O.' - Live Webcast
This should be good. Part apology, part job interview, part finger-pointing; Speaker Boehner is set to speak at 10ET to explain how this is all going to be ok... or not...
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Mayans Forecast Boehner Fail?
Is it possible that the Mayans, in their infinite wisdom, somehow anticipated that Boehner would fail to bring any legislation that might patch the cliff? The Boehner “fail” happened last evening, it...
View ArticleOn The Morality Of The Fed
Via The Baupost Group:"Finally, we must question the morality of Fed programs that trick people (as if they were Pavlov's dogs) into behaviors that are adverse to their own long-term best interest....
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Tom Lee Gets it Right For Once -- With a Little Help From His Friends
There is a story circulating on the business tabloid for tots that is touting Tom Lee's incredible accuracy as it relates to his 2012 S&P call. Lee called 2012 to end at 1,430 and it just so...
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Currency Positioning and Technical Outlook Holiday Mode
The US dollar rebounded smartly at the end of last week as the realization that it was increasingly likely the US would go over the fiscal cliff. This has been our base case, but many seemed to...
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