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Bentley Sales Hit Record In 2013
While Ford and GM struggle somewhat, demand for the eilte-of-the-elite Bentley is soaring. As BusinessWeek reports, 2013 saw the firm sell 10,120 vehicles worldwide - dominated by the Americas - a 19%...
View ArticleFrontrunning: January 10
From the guy who said the market is not overvalued: Q&A with Fed’s Williams on Upbeat 2014 Outlook and What Keeps Him up at Night (Hilsenrath) Obama Readies Revamp of NSA (WSJ)Indian envoy leaves...
View ArticleGuest Post: The Greatest Myth Propagated About The Fed: Central Bank...
Submitted by L. Randall Wray via New Economic Perspectives blog,It has been commonplace to speak of central bank independence - as if it were both a reality and a necessity. Discussions of the Fed...
View ArticleFrontrunning: January 13
Full onslaught 1: New Jersey Gov. Chris Christie's Aides Pressed Hard for Endorsements (WSJ)Full onslaught 2: Feds investigating Christie's use of Sandy relief funds (CNN)Iran nuclear deal to take...
View ArticleFrontrunning: January 14
House Unveils $1.01 Trillion Measure to Fund Government (BBG)Credit Suisse Tells Junior Bankers to Take Saturdays Off (BBG)Spot the odd word out: ECB Sees Bad-Debt Rules as Threat to Credible Bank...
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"You Only Get To Miss Sales Expectations So Many Times"
With the Q4 earnings season beginning, ConvergEx's Nick Colas reminds that the top of the income statement matters more than the bottom line if we expect further upside to domestic equities in 2014....
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Short-Sellers Set-Up Shop As Sentiment Starts To Shift
"It's dangerous to be short still, but we might be building toward a moment where the market becomes quite vulnerable," warns Bill Fleckenstein who is finishing up the documentation on a new short fund...
View ArticleManipulating the Entire IPO Market With Just $250 Million
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterTech isn’t exactly booming, as we’ve seen from numerous revenue and earnings debacles. Most recently, Intel’s: revenues were...
View ArticleFrontrunning: January 22
Winter Storm Expected to Make Northeast Commutes Harder (BBG) Invasion of Spanish Builders Angers France Struggling to Compete (BBG)Toronto mayor, caught ranting on video, admits drinking a 'little...
View ArticleFrontrunning: January 23
Gross Told El-Erian ‘Hell No’ Seeking to Stop Departure (BBG)How Caterpillar got bulldozed in China (Reuters)Davos Bankers Struggle to Convince Elite That Markets Are Safer (BBG)Lucrative Role as...
View ArticleSorry Permabulls: 2014 Capex Forecast To Grow At Slowest Pace In Four Years
Nearly two years ago, before the topic of (the great and constantly missing) Capex became a mainstream media mainstay, we said that as long as the Fed was actively engaged in manipulating the capital...
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Futures Jump On Hope Emerging Market Rout Receding
The depressed tone overnight following AAPL's disappointing earnings mysteriously evaporated just ahead of the European open, when around 2 am Eastern the all important USDJPY began an dramatic ramp,...
View ArticleFrontrunning: January 28
Emerging markets pray for Wall Street tumble (Reuters)Yellen Faces Test Bernanke Failed: Ease Bubbles (BBG)Samsung sets new smartphone sales record in fourth quarter, widens lead over Apple...
View ArticlePost-Turkish "Shock And Awe", Pre-FOMC Market Summary
The Fed tightens by a little (sorry, tapering - flow - is and always will be tightening): markets soar; Turkey tightens by a lot: markets soar. If only it was that easy everyone would tighten. Only it...
View ArticleFrontrunning: January 29
Obama warns divided Congress that he will act alone (Reuters)Fed Decision Day Guide From Emerging Markets to FOMC Voter Shift (BBG)Fed poised for $10 billion taper as Bernanke bids adieu...
View ArticleFrontrunning: January 31
Even Obama's fans has turning on him: "The Decline and Fall of 'Hope and Change'"European Stocks Drop, Head for Worst January Since 2009 (BBG)Euro-Area Inflation at 0.7% Builds Rate Pressure on ECB...
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"The 'Recovery' Is A Mirage" Mark Spitznagel Warns, "With As Much Monetary...
"Today there is a tremendous amount of monetary distortion, on par with the 1929 stock market and certainly the peak of 2007, and many others," warns Universa's Mark Spitznagel. At these levels, he...
View ArticleAlarms Going Off As 102 Dollar-Yen Support Breached
Alarms are going off in assorted plunge protecting offices, now that the USDJPY has breached the 102.000 "fundamental" support level, below which the Yen can comfortably soar to sub 100.000 in...
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Ford, GM Car Sales Tumble: Weather Blamed As Usual
Once again we learn that not a single sell-side analyst could have predicted the unprecedented "snow in the winter" weather shock that everyone knew about a month or so ago. In the latest example of...
View ArticleMarkets On Edge, Follow Every USDJPY Tick
It is still all about the Yen carry which overnight tumbled to the lowest level since November, dragging the Nikkei down by 4.8% which halted its plunge at just overf 14,000, only to stage a modest...
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