Archives for May 2012

ZH Evening Wrap Up 5/31/12

Courtesy of ZeroHedge. View original post here. Submitted by CrownThomas.   Some Headlines From Today – Morgan Stanley's Gorman defends handling of Facebook IPO – Spain says it has at least until October to raise enough funds to rescue Bankia – Newly issued Mortgage Backed Securities see record low yields – Weekly Jobless claims come […]

Myths and Realities of Returning to a Gold Standard

Myths and Realities of Returning to a Gold Standard By Terry Coxon, Casey Research The gold standard, under which any holder of paper dollars could redeem them for gold at the US Treasury, is now within the living memory of just a few million Americans, nearly all of whom would be dangerous behind the wheel. […]

U.S. Labels ALL Young Men In Battle Zones As “Militants” … And American Soil Is Now Considered a Battle Zone

Courtesy of ZeroHedge. View original post here. Submitted by George Washington. Preface: If this is too intense for you, look at this instead. Glenn Greenwald has two must-read posts on the reason that virtually everyone the U.S. kills is called a “militant” or “suspected militant”. He wrote Monday:   Virtually every time the U.S. fires […]

China PMI Plunges Most In 28 Months, Reverts To HSBC's Reality

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Color us not stunned at all. China’s Manufacturing PMI finally reverted to the reality that HSBC’s Manufacturing PMI has been arguing for and fell for the first time in six months. The drop is the largest since February 2010. While still above 50 (though […]

China PMI Plunges Most In 28 Months, Reverts To HSBC’s Reality

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Color us not stunned at all. China’s Manufacturing PMI finally reverted to the reality that HSBC’s Manufacturing PMI has been arguing for and fell for the first time in six months. The drop is the largest since February 2010. While still above 50 (though […]

Belligerent Bears Batter BNI's 'Buffett-Black-Swan' Bet

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Was it just a week ago that we suggested buying Burlington Northern CDS (credit protection) as the cheapest Black-Swan bet against Buffett and Bernanke’s ebullience? The answer is yes. And from the start of May the cost of protection has doubled from around 15bps […]

Belligerent Bears Batter BNI’s ‘Buffett-Black-Swan’ Bet

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Was it just a week ago that we suggested buying Burlington Northern CDS (credit protection) as the cheapest Black-Swan bet against Buffett and Bernanke’s ebullience? The answer is yes. And from the start of May the cost of protection has doubled from around 15bps […]

“The End Game: 2012 And 2013 Will Usher In The End” – The Scariest Presentation Ever?

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. If Raoul Pal was some doomsday spouting windbag, writing in all caps, arbitrarily pasting together disparate charts to create 200 page slideshows, it would be easy to ignore him. He isn’t. The founder of Global Macro Investor “previously co-managed the GLG Global Macro Fund […]

Lauren Lyster Interviews CBO Whistleblower Lan Pham

Courtesy of Jesse's Cafe Americain Lauren Lyster Interviews CBO Whistleblower Lan Pham From the February 2, 2012 Wall Street Journal story on Lan Pham's firing: "I was repeatedly pressured by the CBO Assistant Director, Deborah Lucas, in charge of the Financial Analysis Division to not write nor discuss issues in the banking sector and mortgage markets that […]

M Stanley derivatives switch hits hold-up

Morgan Stanley’s plan to shift a large chunk of its $52tn derivatives portfolio into the part of the group backed by customer deposits is facing regulatory obstacles, according to people familiar with the situation. Under the plan – partly an attempt to reassure trading partners of its financial strength ahead of a looming credit downgrade […]

Simon Johnson: Jamie Dimon and the Failure of the Nation

Courtesy of Jesse's Cafe Americain  No matter how you wish to frame it, the Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained growth and recovery. Baseline Scenario Jamie Dimon And The Fall Of Nations By Simon Johnson May 31, 2012 “Why Nations Fail: […]

Time Bomb? Banks Pressured to Buy Government Debt

US and European regulators are essentially forcing banks to buy up their own government's debt—a move that could end up making the debt crisis even worse, a Citigroup analysis says. Regulators are allowing banks to escape counting their country's debt against capital requirements and loosening other rules to create a steady market for government bonds, […]

Eric Sprott: The Real Banking Crisis, Part II

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. From Eric Sprott and David Baker of Sprott Asset Management The Real Banking Crisis, Part II Here we go again. Back in July 2011 we wrote an article entitled “The Real Banking Crisis” where we discussed the increasing instability of the Eurozone banks suffering […]

Run for ‘Cover’ when the ‘Cover Story’ highlights an investment class

Dr. Paul Price argues convincingly against annuities, explaining why they are not the best investment choices. ~ Ilene  Run for ‘Cover’ when the ‘Cover Story’ highlights an investment class Courtesy of Dr. Paul Price Barron’s May 28, 2012 issue ran this as their front page over the holiday weekend…     Annuities are popular right […]

THE ‘S WORD’: JON STEWART COMES OUT OF THE CLOSET AS A SOCIALIST

Courtesy of Richard Metzger of Dangerous Minds   “Socialism. The new “S word”—it’s the worst thing you can call someone. It’s like the “C word” and the “N word” had a baby.” —Comrade Jon Stewart

The Wrong Way To Use An Index Tracker

Courtesy of Tim of The Psy-Fi Blog Sedate and Inept Index tracking is supposed to be a sedate affair, a quiet contemplation of the tempestuous dynamics of market forces from an appropriate distance.  A passive approach to investing, if you will.   Instead it seems that people who use index trackers either don’t understand that they’re […]

PIMCOs Gross warns of economic "breaking point"

By Sam Forgione NEW YORK (Reuters) – The debt crisis and central bank policy responses have degraded the quality and value of debt markets and signal a "potential breaking point" in the global economy, PIMCO's Bill Gross, manager of the world's largest bond fund, said in his monthly letter to investors. In his June outlook […]

PIMCOs Gross warns of economic “breaking point”

By Sam Forgione NEW YORK (Reuters) – The debt crisis and central bank policy responses have degraded the quality and value of debt markets and signal a "potential breaking point" in the global economy, PIMCO's Bill Gross, manager of the world's largest bond fund, said in his monthly letter to investors. In his June outlook […]

Be Afraid Europe, Be Very Afraid – Tim Geithner Is Now "Helping" You

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. If there was one piece of news that could force an all out panic in a market already on the edge, it is that outgoing (as in finally departing) US Treasury Secretary, Tim Geithner, was getting involved in the European Crisis. Sadly, this is […]

Be Afaird Europe, Be Very Afraid – Tim Geithner Is Now "Helping" You

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. If there was one piece of news that could force an all out panic in a market already on the edge, it is that outgoing (as in finally departing) US Treasury Secretary, Tim Geithner, was getting involved in the European Crisis. Sadly, this is […]

Be Afraid Europe, Be Very Afraid – Tim Geithner Is Now “Helping” You

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. If there was one piece of news that could force an all out panic in a market already on the edge, it is that outgoing (as in finally departing) US Treasury Secretary, Tim Geithner, was getting involved in the European Crisis. Sadly, this is […]

Be Afaird Europe, Be Very Afraid – Tim Geithner Is Now “Helping” You

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. If there was one piece of news that could force an all out panic in a market already on the edge, it is that outgoing (as in finally departing) US Treasury Secretary, Tim Geithner, was getting involved in the European Crisis. Sadly, this is […]

Biderman: "Everyone Is Now A Seller Of US Stocks"

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Focusing on his supply-demand perspective of what drives stock prices and the heavy volume of corporate selling combined with mutual fund outflows that we have been so vociferous about, Charles Biderman of TrimTabs provides color on why, just like in 2010 and 2011, markets […]

Biderman: “Everyone Is Now A Seller Of US Stocks”

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Focusing on his supply-demand perspective of what drives stock prices and the heavy volume of corporate selling combined with mutual fund outflows that we have been so vociferous about, Charles Biderman of TrimTabs provides color on why, just like in 2010 and 2011, markets […]