The Commoditization Of America V2
Submitted by Tyler Durden on 07/21/2009 - 12:17
Every stock trader's outbound was secretly replaced with a FOREX line last night. If not, someone please explain the 0.98 correlation. Fundamentals win the day again... not.(alas hitting
Canada Believes It Has A Tight Grip On Inflation
Submitted by Cornelius on 07/21/2009 - 11:10The Canadian rate decision is standing solid at 0.25 and the BoC expects to be able to control inflation going forward.
Guest Posts: Even Simpler And High-Frequency Trading Alert - CIT
Submitted by Tyler Durden on 07/21/2009 - 10:53Some more thoughts on High Frequency Trading in theory and practice.
Obama Does Not Need Congress To Fund IMF and WB, Barney Frank Shocked, Compares Obama To W.
Submitted by Tyler Durden on 07/21/2009 - 10:40Barney Frank puts on his indignation hat on after realizing that the President has decided he doesn't need congressional approval on funding international financial institutions including the IMF and the World Bank. Here is the ensuing response when Barney realizes that for all his posturing, he is a third (and quite overinflated at that) wheel: "During the previous administration, all of us were critical of the President’s assertion that he could pick and choose which aspects of congressional statutes he was required to enforce. We were therefore chagrined to see you appear to express a similar attitude." Most odd is why the President wants unopposed decision making with regard to these organizations: is Larry Summers smelling a massive, upcoming global bail out that the American people are not allowed to be heard on?
The $23.7 Trillion Backstop Heist
Submitted by Tyler Durden on 07/21/2009 - 09:23
The full SIGTARP report is below. It took Steve Liesman 5 minutes to read the 262 pages and refute it. Read between the lines and find out just how you, dear taxpayer, are being robbed by the Too Big To Fails and the Reserve Banking System. Much more info contained in this report, which attempts to grasp just how pervasive the involuntary taxpayer support of Wall Street is, including a great overview of the Federal Reserve Banking System. Neil, you are doing a tremendous job: please contact Zero Hedge at your convenience for some of our thoughts on the matter: sigtarp@zerohedge.com Neil's presentation (happening on his birthday) to the Congressional Oversight Committee which is going on live right now can be seen here... Much more relevant than the Federal Reserve propaganda spewing forth from General Electric subsidiaries.
Bernanke Prepares For Congressional Grilling
Submitted by Tyler Durden on 07/21/2009 - 08:03As Bernanke heads to Congress to defend the Fed's Independce, he releases this WSJ Op-Ed:
The depth and breadth of the global recession has required a highly
accommodative monetary policy. Since the onset of the financial crisis
nearly two years ago, the Federal Reserve has reduced the interest-rate
target for overnight lending between banks (the federal-funds rate)
nearly to zero. We have also greatly expanded the size of the Fed’s
balance sheet through purchases of longer-term securities and through
targeted lending programs aimed at restarting the flow of credit.
Trouble In Wall Street's Paradise, Full Frontal V2, Or The La Jolla Outing...
Submitted by Tyler Durden on 07/21/2009 - 07:55So many titles to choose from...
Daily Highlights: 7.21.09
Submitted by Tyler Durden on 07/21/2009 - 07:47Frontrunning: July 21
Submitted by Tyler Durden on 07/21/2009 - 07:41
Psssst! Hey You. Yeah You. Wanna Buy An Invisible Ice Cream Cone?
Submitted by Marla Singer on 07/21/2009 - 00:09I have a limited supply.
A Word About Sacrilege
Submitted by Marla Singer on 07/20/2009 - 21:46Laboring tirelessly, an unsung Zero Hedger works behind the scenes into the wee hours and regularly saves my ass.
Treasury Responds To SIGTARP On Allegations Of Continuing Cronyism
Submitted by Tyler Durden on 07/20/2009 - 21:26Tim Geithner is watching the Paulson interrogation clip and sweating hard.
Junk Comments
Submitted by Marla Singer on 07/20/2009 - 20:20Ye of the junk comment, you have been flagged.
No Inflation Here
Submitted by Tyler Durden on 07/20/2009 - 18:24If you have had your fill of Rosie for a while (not sure how that is possible, but a big hypothetical if), here is a wonderful piece by Hoisington Investment Management Company. Some great monetary and fiscal insights. Also lends credence to the theory that Gross very well may be spot on and the market is run by a bunch of herd-instincted, CNBC watching WOPRs (at least on the basis of upcoming deflation).
