Frontrunning: May 31
Record unemployment, low inflation underline Europe's pain (Reuters)The ponzi gets bigger and bigger: Spanish banks up sovereign bond holdings by more than 10% (FT)China’s Growing Ranks of Elderly...
View ArticleFrontrunning: June 3
BIS lays out "simple" plan for how to handle bank failures (Reuters) - Are we still holding our breath on Basel III?Deficit Deal Even Less Likely - Improving U.S. Fiscal Health Eases Pressure for a...
View ArticleThe “Chinese Dream” Come True: Gobbling Up Assets Overseas
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterThe “Chinese dream” is the dream of the whole nation and also of every individual Chinese, explained Fu Ying, chairwoman of the...
View ArticleFrontrunning: June 6
Global Stocks Tumble as Treasuries Rally, Yen Strengthens (BBG)China Export Gains Seen Halved With Fake-Data Crackdown (BBG) - so a crash in the GDP to follow?FBI and Microsoft take down botnet group...
View ArticleFrontrunning: June 12
Pimco Sees 60% Chance of Global Recession in Five Years (BBG)Global Tumult Grips Markets (WSJ)NSA Secrecy Prompts a Pushback (WSJ)ANA Scraps 787 Dreamliner Flight as Engine Fails to Start (BBG) - one...
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Auto Incentives Jump To 8% Of Car Value, Highest In Two Years
We showed yesterday the truly dreadful state of this economic recovery had one odd bright (green) spot, US auto production (and sales). While cash-for-clunkers started it, and easy money from the Fed...
View ArticleFrontrunning: June 14
As Goldman's money-printing tentacle Carney arrives, everyone else leaves: Tucker to Leave BOE (WSJ)So much for pent up demand: Refinancings Plunge as Bond Yields Rise (WSJ)Singapore Censures 20 Banks...
View ArticleFrontrunning: June 18
Obama Says Bernanke Fed Term Lasting ‘Longer Than He Wanted’ (Bloomberg)Merkel Critical Of Japan's Credit Policy In Meeting With Abe (Nikkei)China Wrestles With Banks' Pleas for Cash (WSJ)Biggest...
View ArticleEuropean Car Sales Drop To 20-Year Low, Germany Clobbered
When the S&P, always so conveniently ahead of the curve, yesterday revised its forecast for Europe from growth in the second half of 2013 to 2014 one couldn't help but golf clap, as well as wonder...
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Dow(n) Dooby Do, Dow(n) Dow(n)
What are we supposed to do with all the “Dow 15,000” hats now?Keep them handy for another trip on the “Index Round Numbers Express” or just put them up on eBay in the “curios and collectibles” section?...
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Don't Get Carried Away By The Shale Oil Boom
North American crude oil has been in the news on several fronts this week, including some rapid price moves and an unexpected intervention by President Obama. Despite the publication of a new report...
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Guest Post: Our Energy Slaves Are In Recession
Submitted by Charles Hugh-Smith of OfTwoMinds blog,Charts of energy consumption are screaming "recession." To get a feel for how many energy slaves you have, imagine hiring 40 people to drag you and...
View ArticleFrontrunning: July 3
Portuguese bond yields soar amid political turmoil (FT)Portugal Resignation Rocks European Markets (WSJ)Portugal, Greece risk reawakening euro zone beast (Reuters)Egypt’s military chiefs hold crisis...
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Why the US and European Auto Sectors Continue to Diverge
The contrast between the US and European auto markets is stark and captures the significant divergence of the two economies. June auto sales in Europe slumped from a year ago to their lowest level...
View ArticleFrontrunning: July 17
Bernanke Seeks to Divorce QE Tapering From Interest Rates (BBG)China launches crackdown on pharmaceutical sector (Reuters)Barclays, Traders Fined $487.9 Million by U.S. Regulator (BBG) - or a few days...
View ArticleFrontrunning: July 18
MSM always "ahead" of the curve: Fed’s Messages Raise Volatility in Threat to Profits (BBG)Bernanke Plays Down Link Between Jobless Rate, Fed Moves (WSJ)Draghi to Carney Face Test Backing Guidance on...
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"Any News Is Good News" Levitation Continues
Don't look now but futures are up as usual, driven higher by both good and bad news.The biggest news event of the weekend, if largely priced in, was the victory by Abe's coalition in the upper-house...
View ArticleNext Steps For Detroit - Fix, Close, Or Sell
The Innovator’s Dilemma strikes again, this time with the news that the city of Detroit has filed for bankruptcy protection. As a business term, ConvergEx's Nick Colas reminds us that the “Dilemma”...
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Deep Dive: Surplus Capital Revisited
Copernicus never really proved the earth went around the sun. Rather he argued, that if one were to assume it did, other phenomenon would be understandable. This essay proposes to employ the Copernican...
View ArticleGuest Post: Why Big Oil Is Shifting Away From The Gulf Of Mexico
Submitted by Daniel J. Graeber via OilPrice.com,A BP official who led the company before the 2010 incident in the Gulf of Mexico marked his return to the region in a $3.75 billion deal with...
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