Guest Post: Will The Next Bear Market Be A Planned Event Or A Failure Of...
Submitted by Charles Hugh-Smith of OfTwoMinds blog,Ironically, the very success of stock market manipulation only thins the market of legitimate participants and thus increases the probability that...
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Big Hedge Fund Whacked - And Warm Feelings
One of the biggest leveraged hedge funds in the world got hit with a 2x4 during the 4th Q. This fund has a mixed bag of assets, but was heavily exposed to big FX positions. The fund made a big “bet”...
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Aussie Market Opens - Signals Market's Initial Disappointment
UPDATE: Sure enough - *COLE SAYS MAJORITY OF REPUBLICANS TO VOTE FOR SENATE BILL...and the market is rallying...Following Monday's fiscal-cliff-gasm in markets in the US, the Australian stock market is...
View ArticleHouse Republicans Fold
Presented with little comment (via Bloomberg):*HOUSE REPUBLICANS ABANDON EFFORT TO ADD SPENDING CUTS TO BILLIt appears everyone grows tired of the pantomime, even the main actors. Well that was fun...
View ArticleFOR THE RECORD: GATA, Ted Truman And Gold … Another Stunning Revelation
On May 10, 2000 a GATA delegation consisting of Reg Howe, Frank Veneroso, Chris Powell and Bill Murphy met with Denny Hastert, The Speaker of the House in the United States Congress; Spencer Bachus,...
View ArticleAnd The Winner Is...
They came; they spoke; they voted...HOUSE BEGINS VOTE ON AVERTING TAX INCREASES FOR MOST WORKERSHOUSE HAS ENOUGH VOTES TO PASS BUDGET BILL; VOTE CONTINUINGCANTOR VOTES NO ON BUDGET BILLPAUL RYAN VOTES...
View ArticleBoehner Issues Statement
Moments ago, Boehner voted to enact "Obama's tax cuts", which is the new de facto Bush tax cuts (which expired yesterday), and which will raise the budget deficit over the next decade by $4 trillion,...
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Guest Post: America's Bubble Dependent Economy
Via Global Macro Monitor,Interesting chart (which we marked up) from the JEC of the U.S. Congress illustrating household net worth as a percent personal income. If that doesn’t look like a head and...
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The "Mathematical Equation" Of Asset Bubbles
Just when you thought the central planners had everything squared away in a tidy little package (the jobless rate is rising? Sell vol. Not enough iPhone 77.25S are being sold? Sell vol. Ben Bernanke's...
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Retail Sales Confirm "You Can't Spend What You Don't Have"
Despite all the rancor about seasonally-adjusted ad hoc beats of holiday week retail sales (amid burgeoning discounts), the trend (post the Hurricane Sandy-driven surge) in GAFO (General Merchandise,...
View ArticleSpain Plunders 90% Of Social Security Fund To Buy Its Own Debt
With Spanish 10Y yields hovering at a 'relatively' healthy 5%, having been driven inexorably lower on the promise of ECB assistance at some time in the future, the market has become increasingly unsure...
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Spot The Oddest After Hours Market (So Far)
FX markets and precious metals are continuing to trade weaker after hours along with Treasury yields (in some very gappy and unhappy ways) - but the S&P 500 futures are flatlining for now (as NKY...
View ArticleAs Cars Burn In France, The Industry Of Hope Is Booming
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterNew Year’s Eve was the main event. And it didn’t disappoint: 1,193 vehicles were burned in France in the course of a few hours,...
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Busy January For Europe - Complete Monthly Event Calendar
Investor relief that the US fiscal cliff has been averted and optimism that the political compromise will make a small positive contribution to 2013 GDP are, for now at least, making investors forget...
View ArticleFrom Myth To Reality With David Rosenberg
From Gluskin Sheff's David RosenbergMyths And RealitiesMarkets always operate at the margin. And what just happened at the political level was an 11th-hour deal that effectively removed the risk of a...
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U.S. 2s10s / 10s30s Breaking Out
The treasury curve is steepening, why is anyone's guess. Doubtful that there is a major roll out of treasuries and into equities right now until the debt ceiling issues get resolved. In a normal,...
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Visualizing The American Taxpayer Relief Act
While our previous visualization of the incredible impact of the ATRA seemed to clarify to many people exactly what 'compromises' had been made, the following infographic perfectly relates the stunning...
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Here Comes The Student Loan Bailout
2012 is the year the student loan bubble finally popped. While on one hand the relentlessly rising total Federal student debt crossed $956 billion as of September 30, and was growing at a pace that...
View ArticleSprott And Biderman On Paper Vs. Physical Gold
With gold prices dropping (notably divergent from the ever expanding global central bank balance sheets) but record-breaking levels of physical gold being purchased, we continue to reflect on the other...
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HFT Pays: Citadel's Griffin Buys Palm Beach Oceanfront For $80 Million
While 88% of hedge funds underperformed in 2012, no doubt relying on tried and true analysis of fundamental valuation, macro-economic trends, and flows (as opposed to a 12-inch ruler), it would appear...
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