Overnight Summary: German Hope Soars To Three Year High As European Car...
Europe's double dipping economy may be continuing to implode, but at least confidence abounds. And while the conifidence game was the purvey of career politicians and ex-Goldman central bankers in...
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Fred Mishkin's "Outside Compensation" List Revealed
Perhaps the most memorable outcome of the 2010 movie "Inside Job" by Charles Ferguson, was the historic humiliation of former Fed governor and current Columbia University professor, Fred "Napoleon...
View ArticleWhen The Fed Has To Print Money Just To Print Money
While the topic of net Fed capital flows, and implicit balance sheet risk has recently gotten substantial prominence some three years after Zero Hedge first started discussing it, one open question is...
View ArticleColumbia Business School Dean Glenn Hubbard's Outside "Consulting And...
Yesterday we showed you the "outside compensation" list of Columbia's Fred Mishkin. Today, it's the turn of Columbia Business School dean and Mitt Romney's "go to economist", Glenn "You have three more...
View ArticleLies, Damned Lies, And Banks: Deutsche Bank Caught Again
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterDeutsche Bank, long coddled by the German government, is mired in a swamp of costly “matters,” such as the Libor rate-rigging...
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Fed To Prompt Currency Crash and Return to Gold Standard
Gold’s 1.3% gain yesterday was its biggest one-day gain in three months, as Federal Reserve Chairman Ben Bernanke's defense of U.S. debt monetisation confirmed bullion's inflation hedging...
View ArticleNo, American Banks AREN’T Smaller than their Foreign Rivals
When Internationally-Accepted Accounting Methods Are Used, American Banks Are the World’s LargestWe have extensively documented that failing to break up the big banks is destroying America because:The...
View ArticleSentiment Hobbled By Hawkish China Sending Futures Lower To Start The Week
Earlier we reviewed the overnight plunge in China stocks, especially those related to the real-estate market in the aftermath of the latest move by the State Council to be far more hawkish than...
View ArticleFrontrunning: March 4
Must defend against Chinese colonial expansion and get the Nigerian oil: U. S. Boosts War Role in Africa (WSJ)BOJ nominee Kuroda sets out aggressive policy ideas (Reuters)China becomes world’s top oil...
View ArticleTop Bankers: Too Much Central Bank Easing Is Becoming Dangerous
Everyone knows that “too big to fail” banks are bad for the economy. Indeed, even top bankers themselves say the big banks need to be broken up.Now, the heads of many of the world’s biggest banks are...
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Previewing Today's Payrolls Report
Below are the expectations of the biggest banks for today's Nonfarm Payroll number to be announced in just over two hours:Morgan Stanley +135KBarclays Capital +150K Goldman Sachs +150KBank of America...
View ArticleCFTC Investigating London Gold, Silver Price Fixing For Manipulation
Years after the CFTC, under the leadership of Goldman's Gary Gensler, theatrically agreed to investigate whether the price of precious metals was manipulated during trading - whether systematically or...
View ArticleGold and Silver Prices Are Set In Libor-Like Daily Conference Calls Between a...
There is increasing evidence that the gold market is manipulated. The amount of physical bullion may be greatly over-stated, and gold may be manipulated in the same way that Libor rates are:The...
View ArticleLandlord Blackstone Rushes To Capitalize On Housing Bubble By Launching First...
In addition to the phenomenon of "foreclosure stuffing" described here extensively before, one of the main reasons for the artificial drop in housing supply has been the ongoing government-subsidized,...
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Gold And Silver Manipulation At London AM Fix Or New York COMEX?
Today’s AM fix was USD 1,593.25, EUR 1,219.39 and GBP 1,051.23 per ounce.Yesterday’s AM fix was USD 1585.00, EUR 1225.83 and GBP 1061.05 per ounce.Gold was marginally higher yesterday and silver...
View ArticleWill 2013 Be 2008 All Over Again?
In 2013, we are receiving the same banker and mass media propaganda that we heard in 2008. The stock markets are okay, economies are recovering, blah, blah, blah. However, do any of the facts support...
View ArticleCyprus - To Template, Or Not To Template: That Is The Wall Street Question
After one of the most fabulous verbal faux pas in recent history was committed yesterday, in which the truth briefly escaped the lips of the new Eurogroup head who still has to learn from his masterful...
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Here We Go Again: EU Lawmaker To Push For Bail-In Resolution Law For Deposits...
Here we go again:EUROPEAN PARLIAMENT TO PUSH FOR DEPOSITORS WITH ABOVE 100,000 EUROS TO FACE BAIL-IN UNDER NEW BANK RESOLUTION LAW - EU LAWMAKER - RTRSBasically, this is DieselBOOM ver 2.0. How long...
View ArticleFrontrunning: March 27
What bread... What circuses... JPMorgan Chase Faces Full-Court Press of Federal Investigations (NYT)European Regulators to Charge Banks Over Derivatives (WSJ) ... but forgive us if we don't hold our...
View ArticleWho Said It? "We Must Buy Government Bonds"
"We must buy government bonds" - who said it? No, it wasn't Ben Bernanke or Alan Greenspan, it wasn't Jean-Claude Trichet or his successor Mario Draghi, nor was it Mervyn King, Carney, Shirakawa, or...
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