Barack Morpheus Preaching To Americans To Believe Whatever They Want To Believe
Submitted by Tyler Durden on 07/23/2009 - 08:17Zero Hedge presents Obama's take on healthcare reform as represented by popular movie culture. Mr. President, just as an FYI, the blue pill was (is) the wrong choice.
Morhpeus: This is your last chance. After this, there is no turning back. You
take the blue pill - the story ends, you wake up in your bed and
believe whatever you want to believe. You take the red pill - you stay
in Wonderland and I show you how deep the rabbit-hole goes.
As an aside: is America doomed to promote policy and relate to a mass audience only by anchoring to widely symbolic film narrative such as "The Matrix", "The Big Lebowski", and "Fight Club"
Frontrunning: July 23
Submitted by Tyler Durden on 07/23/2009 - 07:54- US Initial Jobless Claims (Jul 18) W/W 554K vs. Exp. 557K (Prev. 522K, Rev. to 524K)
- "If there's a blue pill and a red pill, and the blue pill is half
the price of the red pill and works just as well, why not pay half
price for the thing that's going to make you well?"- Obama (Washington Examiner) - Zero Intelligence trading closely mimics stock market (New Scientist)
- Jonathan Weil: Accountants gain courage to stand up to bankers (Bloomberg)
- Obama's Fed Risk Regulator plan fading as lawmakers back council (Bloomberg)
Daily Highlights: 7.23.09
Submitted by Tyler Durden on 07/23/2009 - 07:53- ADB: East Asian economies may have 'V' shaped recovery.
- Asian stocks rise on yen; merging market stocks hit 10-month high.
- IMF says China has room for more fiscal stimulus through 2010.
- Iceland formally applies to join EU, faces talks on fishing rights.
- Japan's export fall by smallest margin in 6 months as recession eases.
- Weaker yen sends Japan stocks higher for seventh straight session of gains.
Porsche CEO Steps Down- VW Merger To Happen
Submitted by Travis on 07/23/2009 - 07:49Porsche and VW can not stop playing "Dynasty," finally "do the nasty" and merge.
Man Lives Without Money... Could You?
Submitted by Travis on 07/23/2009 - 07:15This man has managed to live without money... Could you?
Morgan Stanley's Stephen Roach: "A Rude Awakening"
Submitted by Tyler Durden on 07/22/2009 - 19:09The Vice Chairman of Morgan Stanley Asia destroys any last germinating green shoots.
"Green shoots are a very simplistic way to look at the world." Why is it no surprise that Fed Chairman Ben Bernanke came up with it.
Deep Thoughts From A 0.925 Batting Average
Submitted by Tyler Durden on 07/22/2009 - 17:24CG: Hey Zero Intelligence whatchu got?
ZI: What I got is GE is in discussions to swap out its equity stake in CNBC with a 100% investment in Wall Street Pro.
Sprott: "It's The Real Economy, Stupid"
Submitted by Tyler Durden on 07/22/2009 - 16:12Anything that starts with "We are now in the early stages of a depression" is a must read.
Robotic VWAP Regression Never Fails
Submitted by Tyler Durden on 07/22/2009 - 15:36
VWAP consistently at yesterday's closing price. T-1000 sells 100 GMCR shares to C-3PO, who promptly forces a margin call on Johnny 5. The latter covers by buying from WOPR which fries a vaccum tube and sets HAL9000 off on a short covering rampage before killing all the drunk traders at the NYMEX.
USD/JPY Poised To Break Down
Submitted by Cornelius on 07/22/2009 - 14:42Falling long yields and some fun head and shoulders action in the mix
The Commoditization Of America V3, Or 1:1:-1Correlations
Submitted by Tyler Durden on 07/22/2009 - 14:39
Fundamental analysis at its best.
Charlie Lets Zero Intelligence Have It
Submitted by Tyler Durden on 07/22/2009 - 13:41Charlie, Charlie, Charlie.
So Much For Zero Intelligence Not Getting In The Middle Of It
Submitted by Tyler Durden on 07/22/2009 - 12:40More to follow
Neil Barofsky Repeat Testimony
Submitted by Tyler Durden on 07/22/2009 - 12:34
If you missed Fed, Wall Street and CNBC public enemy #1 yesterday, here is your chance to see him live again. Neil Barofksy, the scourge of all crony bankers (crony is redundant in the last phrase) and "honest answer-conflicted" Fractional Reserve Banking system executives, will be testifying at 2:00 PM before the House Committee on Fin Services. The hearing will consist of two panels, with Herb Allison dominating the first one, and sure to provide extensive entertainment as per usual.
Goldman Fails To Rip Taxpayers Off On TARP Warrants, Parades Failure
Submitted by Tyler Durden on 07/22/2009 - 11:56Goldman Sachs has redeemed those pesky TARP warrants that have been generating so much consternation to PR offices across bailed out Wall Street. Well, van Praag scratched his head on this one, and this light bulb came on: I know, we will put a subheader for what a great benefit to taxpayers out inability to repurchase the warrants for 1 cent was.
