Global Markets Unchanged As Obama Pause Does Not Bring Levitation; Apple...
Despite earlier comments from Obama on Tuesday night, who called for a pause in authorizing military strikes on Syria, which led to another drop in crude prices overnight, the drop has since reversed...
View ArticleFrontrunning: September 11
Obama Holds Fire on Syria, Waits on Russia Plan (WSJ)China Shadow Banking Returns as Growth Rebound Adds Risk (Reuters)Not one but two: Greece May Need Two More Aid Packages Says ECB’s Coene (WSJ)BoJ...
View ArticleEminent Domain Mortgage-Seizure "Approved" For CA City
Despite PIMCO, DoubleLine, and pretty much every other major mortgage bondholder in the world litigating the actions, Richmond, California's leaders approved this morning a plan for the city to become...
View ArticleNews Summary: Futures Flat In Absense Of Overnight Ramp
For the second day in a row non-US markets are largely unchanged and US equity futures begin the session where they ended (that they will close much higher is a different question). The AUD responded...
View ArticleFrontrunning: September 12
Syrian Rebels Hurt by Delay (WSJ), U.S. seeks quick proof Syria ready to abandon chemical weapons (Reuters)Lavrov Brings Acerbic Pragmatism to Syria Meet With Kerry (BBG)Five years after Lehman, risk...
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Five Years Later: 18 Dollars Of Debt For Every Dollar Of GDP; Total G7...
With everyone focused on the 5th anniversary of the Lehman failure, we are taking a quick look at how the world's developed (G7) nations have fared since 2008, and just what the cost to restore...
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Is War Now "Inevitable"
In a moment of surprising clarity, Deutsche Bank's Jim Reid pointed out what is largely taboo in the financial industry - the truth. "Looking back, real GDP growth in the US through the latter half of...
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The Best And Worst Performing Assets Since Lehman Are...
No surprises here: Silver and Gold are the best, Banks and Greece - worst.In USD terms:And in local currency terms:DB's commentary:As one might have expected, on a total return basis (all in $ terms),...
View Article(Ir)Rational Overnight Exuberance On Summers Withdrawal Sends Futures To All...
While the only market moving event of note had nothing to do with the economy (as usual), and everything to do with the Fed's potential propensity to print even more dollars and inject even more...
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"Financial Innovation" Next Stop: China
Last week, we presented a table showing what 26 centuries of global financial innovation, which incidentally is the main reason why the Fed is now stuck in a corner and forced to keep the system from...
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Gold Up In Asia After Summers Exits Fed Race - Dovish Yellen Gold Positive
Today’s AM fix was USD 1,314.75, EUR 984.83 and GBP 825.17 per ounce.Friday’s AM fix was USD 1,308.25, EUR 984.46 and GBP 827.12 per ounce. Gold rose $0.20 or 0.015% Friday, closing at $1,323.20/oz....
View ArticleFed Post-Mortem And Overnight Summary
Yes, yes, only the Fed matters. Still, there was some event flow overnight which while completely meaningless for the epic liquidity bubble, may have some implications eventually when the music finally...
View ArticleA Tale Of Two Subprimes: Homes And Autos
Submitted by Michael Krieger of Liberty Blitzkrieg blog,It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was...
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On This Day 15 Years Ago The LTCM Bailout Ushered In "Too Big To Fail"
While the commemoration of the 5 year anniversary of the start of the Great Financial Crisis is slowing but surely fading, another just as important anniversary is revealed when one goes back not 5 but...
View ArticleChina Beige Book Exposes Government Lies: "Conventional Wisdom Of Economic...
There are facts; then there are completely fabricated, made up numbers. And then there is Chinese "data." After having been exposed in the past several years countless times on these pages alone as...
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Deutsche Bank Plunges On Latest Debt Trading Revenue Warning
First it was Jefferies. Then Citi. Now it's Deutsche Bank's turn:JAIN EXPECTS 3Q DEBT TRADING REV. TO DECLINE `SIGNIFICANTLY'JAIN SAYS CB&S AFFECTED BY MARKET ENVIRONMENTJAIN SAYS 3Q TRADING...
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Goldilocks PMIs Mean Another Overnight Meltup To Start The Week
Just as Friday ended with a last minute meltup, there continues to be nothing that can stop Bernanke's runaway liquidity train, and the overnight trading session has been one of a continuing slow melt...
View ArticleFrontrunning: November 5
China premier warns against loose money policies (Reuters)Brussels forecasts tepid Eurozone growth (FT)SAC Case Began With Informant’s Tips on Cohen, Rajaratnam (BBG)Dirty Munich Home’s Nazi Loot...
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Metaphysical Monetary Musings From Deutsche Bank
Deutsche's Jim Reid has been on quite a flight of fancy in the past few days. His latest comment, mixing the metaphysical and monetary, is merely the latest indication showing just how ubiquitous the...
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Guest Post: Why The Fed Likely Won't Taper (For Long)... Anytime Soon
Submitted by Lance Roberts of STA Wealth Management,As the S&P 500 continues to push to one new high after the next, the bullish arguments of valuation have quietly given way to "it's all about the...
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