Frontrunning: October 22
Russia Loses Oil Ally in De Margerie After Moscow Crash (BBG)Austria's Erste denies report it has failed stress tests (Reuters)Sweden gets two new sightings, as hunt for undersea intruder goes on...
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Futures Bounce On Stronger Europe Headline PMIs Despite Markit's Warning Of...
Perhaps the most interesting question from late yesterday is just how did the Chinese PMI rebound from 50.4 to 50.2, when the bulk of its most important forward-looking components, New Orders, Output,...
View ArticleFrontrunning: October 23
Canada PM vows crackdown after capital shocked by fatal attacks (Reuters)Canada Gunman Was Convert to Islam With Criminal Record (BBG)Some U.S. hospitals weigh withholding care to Ebola patients...
View ArticleFrontrunning: October 24
Doctor with Ebola in New York hospital after return from Guinea (Reuters)Ebola Puts Spotlight on Bellevue, Key NYC Trauma Center (WSJ)Uber Driver Transported Ebola-Positive Doctor in New York (BBG)GOP...
View Article25 Banks Said To Fail European Stress Test, 10 In Talks On Capital Shortfall
With the results of Europe's annual AQR, aka Stress Test, due out on Sunday, most had been expecting that despite some rhetoric that various brand name banks may fail, that it would be largely more of...
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Banker Suicides Return: DSK's Hedge Fund Partner Jumps From 23rd Floor Apartment
The summer, thankfully, has been largely bereft of the dismal trend of bankers committing suicide, but as Bloomberg reports, Thierry Leyne, a French-Israeli banker and partner of Dominique...
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Another Deutsche Banker And Former SEC Enforcement Attorney Commits Suicide
Back on January 26, a 58-year-old former senior executive at German investment bank behemoth Deutsche Bank, William Broeksmit, was found dead after hanging himself at his London home, and with that,...
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Is The Sudden Increase Of Cancelled IPO ’s Signaling More Havoc?
We all know the recent past few weeks have been very rough on the general markets. For instance, the Dow Jones Index lost more than a thousand points since it peaked in the third week of September, and...
View ArticleFrontrunning: October 27
White House questions new Ebola rules, nurse plans to sue (Reuters)States stand firm on Ebola quarantines despite White House pressure (Reuters)Rousseff Naming Brazil Finance Minister Key to Regain...
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Errors Found In The ECB's "Confidence-Boosting" Stress Test
Just when you thought the humor out of the central bank that just released a stress test whose adverse scenario did not even assume the most likely Eurozone outcome, i.e., deflation, couldn't get any...
View ArticleFrontrunning: October 28
CDC says returning Ebola medical workers should not be quarantined (Reuters)Sweden’s central bank cuts rates to zero (FT)Hacking Trail Leads to Russia, Experts Say (WSJ)Discount-Hunting Shoppers...
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On Traders' Minds This Morning
A summary of the key things on traders' minds this morning, as reported by Peter Garnry, head of equity strategy at Saxo BankRecord short selling in Japanese equities... with around 35% of daily...
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Despite "Healthy" Stress Test, Deutsche Bank Replaces CFO With Goldman Sachs...
Deutsche Bank executives are dropping like flies. Just days after receiving a clean bill of health from Europe's oh-so-stressful stress-tests, Deutsche Bank has decided that longtime finance chief...
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Flat Futures Foreshadow FOMC Statement Despite Facebook Flameout
Futures are largely unchanged ahead of today's, if not the year's, key event: the FOMC meeting in which Janet Yellen will announce the end of QE3, and with that the market will finally realize that the...
View ArticleFrontrunning: October 29
Fed set to end one crisis chapter even as global risks rise (Reuters)... you mean, for the third time?Insider-Trading Probe Focuses on Medicare Agency (WSJ)He's sorry: Rajoy Apologizes as New Wave of...
View ArticleSudden Bout Of Risk-Offness Sends European Shares Sharply Lower, US Futures...
The best summary of the morning after the Fed's official end of QE3 comes from DB's Jim Reid, and is as follows: "The surprises from last night's FOMC statement was not that the Fed wants to be more...
View ArticleFrontrunning: October 30
"Soaring consumer confidence" - How the Economy Is Stoking Voter Anger at Incumbent Governors (WSJ)Euro zone deflation worries shield German Bunds from upbeat Fed (Reuters)Greece’s Euro Dilemma Is Back...
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BusinessWeek Wants YOU To Become A Keynesian Debt Slave
There are those, increasingly more of them, including such shocking statist luminaries as Alan Greenspan (the person more responsible for today's global depression than anyone else) and the Treasury...
View ArticleFrontrunning: October 31
Futures rally after BOJ ramps up stimulus (Reuters), Japan's central bank shocks markets with more easing as inflation slows (Reuters)Kuroda Jolts Markets With Assault on Deflation Mindset (BBG)Japan...
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NEWSFLASH: The Fed Isn't Stopping QE!
What has been expected for quite a while has now officially happened. The Federal Reserve stated that it would stop intervening on the market where it has been buying treasury bonds and mortgage-backed...
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