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Presenting De-Dollarization In One Simple Map

Spot the odd G-7 nations out...



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11-Year-Old Boy Removed From Mother For Defending Her Need For Medicinal Cannabis

This is the story of an 11-year-old boy who bravely defended his mom’s used of cannabis oil during a anti-drug program at his school...



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Are You Faster Than A Stock Market Spoofer?

Think you too could "Sarao" the markets? Step right up and test your 'spoofing' skills...



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8 Charts That Prove The US Is Already In A Recession

The evidence is mounting...



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America Ranks Below Israel In World Happiness Index

USA USA USA #15? Despite aerial bombardment, growing tensions with every neighbor, and the almost ubiquitous daily car-bombs, Israelis are "happier" than Americans according to Bloomberg's world happiness index. Happiness, it appears, is most abundant a long way from the equator with Switzerland, Iceland, Denmark, Norway, and Canada all topping the list; whereas the unhappiest nations are all in Saharan or sub-Saharan Africa (apart from war-torn Syria and Afghanistan).



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5 Things To Ponder: Market Soup

Operating and reported earnings have turned sharply lower over recent quarters which has historically been associated with major market peaks. As shown below, it is also important to notice that revenue has tended to lag these downturns in earnings previously. This is because the measures used to substantially boost profitability from each dollar of revenue generated through accounting gimmickry, share repurchases, and cost cutting are finite in nature. When the effect of those manipulations fade, so does the inflated profitability generated from each dollar of revenue. This will be something worth watching closely over the next few quarters particular as the commentary of a "continued secular bull market" continues to hit the headlines.



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"Let's Take Them On!": Libor E-mails Of Christian Bittar Revealed

Regular readers will be familiar with Christian Bittar, the former Deutsche Bank rates trader whose various exploits and adventures we began to chronicle more than two years ago. Now, thanks to the bank's settlement with the Justice Department, we know exactly what Bittar said on his way to manipulating the world's benchmark rates.



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In An Unrigged World: Here's How A Record S&P Close Was Manufactured

Judging by the action today, all that mattered today was 2117.39 - that is the S&P 500's previous closing record high from March 2nd. One glimpse at the charts below and the VIX-slamming is evident (especially at the close) as each time it came close to losing the record high, a miraculous deep-pocketd volatility-seller stepped in...



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Nasdaq Traders (Summarized In 17 Seconds)

Warning, some high school students were injured in the making of this Nasdaq Trader analogy...



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Entire Treasury Department Competes For Same Goldman Sachs Job Opening

“Within just minutes of listing the open position on our jobs page, the flood of applications from treasury.gov email addresses started rolling in, and it hasn’t slowed down since,”



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An Austrian Province Just Requested A State Bailout

Finance Minister Hans Joerg Schelling has said repeatedly that the Austrian government isn’t liable to cover Carinthia’s guarantees." Herr Schelling's warning is about to be tested. Yesterday, Carinthia officially asked Vienna for financial support. The spokeswoman said Carinthia would run out of money in June without help, confirming local media reports. No Austrian province has ever gone bankrupt and there is no legislation on how to handle such an event.



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When To Put On Bill Gross' Big Bund Short: Citi Explains

With only six weeks (or one Graccident) to go until Bund purchases are forced out to 7-year maturities, and with traders warning that nearly every piece of PSPP-eligible German government paper will eventually trade special in repo despite the ECB’s feeble attempt to remedy the situation via its Securities Lending Program, the world wants to know: “when do I sell Bunds?”



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Statue Of Liberty Evacuated Following Bomb Threat, Suspicious Package

The Statue of Liberty was evacuated Friday afternoon after someone called in a bomb threat and parks police reported a suspicious package, law enforcement sources tell NBC4 New York. The NYPD's bomb squad was called to the scene, along with EMS workers. A security sweep of the island is also being conducted. As yet, no devices have been found.



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The 7.5 Year Itch Starts Next Week

A gentle reminder that next week sees the beginning of the market's seven-and-a-half year itch...



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