Archives for May 2012

Guest Post: Uncle Sam Admits Monitoring You For These 377 Words

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Submitted by Simon Black from Sovereign Man Uncle Sam Admits Monitoring You For These 377 Words One of breakout standup routines from the late, great George Carlin was his 1972 monologue “Seven Words You Can Never Say on Television.” In the presence of polite company, I […]

Busting The "Core" European Myth

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Everyone knows that Europe is divided into the Periphery (aka the PIIGS), and the Core (aka the countries that are supposed to be safe). What everyone also knows, is that the core, naively represented by Germany and France, supposedly has homogeneous distribution of economic […]

Busting The “Core” European Myth

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Everyone knows that Europe is divided into the Periphery (aka the PIIGS), and the Core (aka the countries that are supposed to be safe). What everyone also knows, is that the core, naively represented by Germany and France, supposedly has homogeneous distribution of economic […]

Market Fails To Zucker In Gullible Traders With End Of Day Stop Hunt

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Well, they sold in May but did they go away? If today is any guide, they did as the swings across asset classes intraday were very reminiscent of ‘death rattles’ with trading scenarios becoming more and more binary and more and more extreme. Into […]

Guest Post: Facebook & the Bubble Mentality

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Submitted by John Aziz of Azizonomics Facebook & the Bubble Mentality So Facebook keeps falling, and is now floating around the $27 mark.  We’re a third of the way down to my IPO valuation of FB as worth roughly $2-4 a share (or 5-10 times […]

What Does High Yield Credit Know That Stocks Don't?

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. While stocks, gold, and the dollar are generally in sync, Treasuries appear modestly more bearish now (for stocks) but it is the high-yield bond ETFs that is making a few people nervous as they plunge on heavy volume (and well below their intrinsic value). […]

What Does High Yield Credit Know That Stocks Don’t?

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. While stocks, gold, and the dollar are generally in sync, Treasuries appear modestly more bearish now (for stocks) but it is the high-yield bond ETFs that is making a few people nervous as they plunge on heavy volume (and well below their intrinsic value). […]

Goldman Slashes Treasury Yield Forecasts

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. If it appears like it was only yesterday that Goldman was advising clients to short the 10 Year Treasury, it is because it was… give or take a few months: From January: “Since the end of last August, we have argued that 10-yr US […]

Santelli On Capital Flight And Bond Contagion

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. While it will be no surprise to any ZH reader (with our attention to Swiss 2Y rates) the world is undergoing a massive capital flight to safety. Rick Santelli gave this topic his special treatment today, pointing out that “capital is detouring – to […]

BiTCHeS BReW…

Courtesy of ZeroHedge. View original post here. Submitted by williambanzai7. Merkel is playing her partAusterity Queen has no heartA Greek executionIs her cold solutionShe’s ripping the EU apart The Limerick King   . . Try on the IMF shoesThat way the Kleptos can’t loseThey’ll make you a slaveFrom cradle to graveOr would you prefer their […]

The Four Greek Election Scenarios

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. With any possible majority likely to be quite weak, and about two weeks to go, the outcome of this second election remains highly uncertain. While we’re happy to leave the ever-changing chances of all the possible government combinations to the Greek political commentators (or […]

Spain Just Gave Us a Glimpse Into the True State of the EU Banking System

Courtesy of ZeroHedge. View original post here. Submitted by Phoenix Capital Research.   The following is an excerpt from my most recent client letter.   In case you missed it, Spain just gave the entire world a glimpse of what’s happening “behind the scenes” in the financial system.   I am of course referring to […]

Student Debt Bubble Delinquencies Surge

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. By now, the bubble in student loans is becoming more widely understood. The absolute level continues to rise significantly and growth is accelerating with 8% YoY growth just reported, via the WSJ. Of course the reasons are anathema but attending college on the back […]

The Inexplicable American Consumer Hits A Wall

Courtesy of ZeroHedge. View original post here. Submitted by testosteronepit. Wolf Richter   www.testosteronepit.com The strongest and toughest creature out there, and maybe the smartest one, that no one has been able to subdue yet, the inexplicable American consumer has hit a wall. And it showed up in a prosaic but ugly 8-K filing by Visa. […]

IMF Begins Spain's Schrodinger Bail Out

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Wondering what prompted the most recent “month end mark up” ramp in stocks? Look no further than the IMF, which one month after failing miserably to procure a much needed targeted amount of European bailout funds as part of Lagarde’s whirlwind panhandling tour, hopes […]

IMF Begins Spain’s Schrodinger Bail Out

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Wondering what prompted the most recent “month end mark up” ramp in stocks? Look no further than the IMF, which one month after failing miserably to procure a much needed targeted amount of European bailout funds as part of Lagarde’s whirlwind panhandling tour, hopes […]

I Want To Work At The Goldman Sachs

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Three years of anti-Goldman bashing and exposing the company’s legal and illegal dirty laundry have clearly had an impact on society: *COHN SAYS SUMMER PROGRAM APPLICATION POOL WAS BIGGEST EVER The Borg zombification shall continue until everyone wants to work solely at “The Goldman […]

Equities Underperform As Credit Roundtrips Ending Miserable May For Europe

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. It seemed the ‘but but but we’re oversold’ argument was holding up in early trading in Europe as EURUSD, sovereign bonds, corporate and financial credit, and stocks rallied out of the gate. It didn’t take long however for the technicals from CDS-Cash traders to […]

Guest Post: Income Disparity Solution: Restore The Minimum Wage To 1969 Levels

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Submitted by Charles Hugh Smith from Of Two Minds Income Disparity Solution: Restore the Minimum Wage to 1969 Levels If we want to lessen income disparity, the solution is easy: restore the minimum wage to levels considered reasonable 43 years ago in 1969. There […]

A Day In The Life Of A Swiss National Bank Trader

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. It’s blood in the streets out there: nobody wants Euros because nobody knows if Greece will be in the EMU on Monday… Or Spain for that matter, which is now fresh out of towels. You just happen to have the position of an FX […]

Bonds Now Beating Stocks Year-to-Date

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Presented with little comment – except to note the increasingly tight relationship between the price of the long bond and the USD as we see 30Y Treasuries up 4.40% YTD vs ES +3.7% YTD   Charts: Bloomberg

The Economic Bloodstain From Spain's Pain Will Cause European Tears To Rain

Courtesy of ZeroHedge. View original post here. Submitted by Reggie Middleton.   Those that regularly follow me know that although I’m quite the mediocre short term trader, I have uncommon strengths that lie in the realm of medium to long term strategy and macro-fundamental valuation. Unfortunately, with the advent of free money and perpetually whirring […]

The Economic Bloodstain From Spain’s Pain Will Cause European Tears To Rain

Courtesy of ZeroHedge. View original post here. Submitted by Reggie Middleton.   Those that regularly follow me know that although I’m quite the mediocre short term trader, I have uncommon strengths that lie in the realm of medium to long term strategy and macro-fundamental valuation. Unfortunately, with the advent of free money and perpetually whirring […]

Spanish CDS Over 600bps Sends S&P Under 1300

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. There is little doubt what the world’s pivot security is for now – Spanish sovereign debt. 5Y Spanish CDS just broke above 600bps for the first time ever and S&P 500 e-mini futures reacted by breaking below 1300. Lots of moving parts in Europe’s […]