Archive - Nov 2009
November 26th
RANsquawk 26th November Morning Briefing - Stocks, Bonds, FX etc.
Submitted by Tyler Durden on 11/26/2009 09:50 -0500RANsquawk 26th November Morning Briefing - Stocks, Bonds, FX etc.
Turkey Day Readings
Submitted by inoculatedinvestor on 11/26/2009 02:10 -0500Some things I am thankful for this year: John Hussman, The Baseline Scenario, AIG, inept government regulators, and of course, Goldman Sachs. Absent these I would have nothing interesting to write about. So, without further ado, here are some interesting links for those of you who are not enticed by the Cowboys vs. Raiders game.
California Rumblings?
Submitted by Leo Kolivakis on 11/26/2009 00:58 -0500What's going on in Los Angeles will soon be going on across the US and developed world. Don't think for a second that tough fiscal measures won't be taken to shore up public finances. And this will certainly mean curtailing pension benefits for new and existing public sector employees.
Thanksgiving Dinner with the Family
Submitted by Marla Singer on 11/26/2009 00:38 -0500
Zero Hedge's inkmaster, John Redmann on the typical horrors of Thanksgiving dinner with the family.
November 25th
The Fed Doesn't Want Banks to Increase Lending
Submitted by George Washington on 11/25/2009 22:45 -0500"Easing credit standards and expanding their lending substantially ... if not offset by Federal Reserve actions, could give additional impetus to spending and, potentially, to actual and expected inflation"
Turkey Factor
Submitted by Bruce Krasting on 11/25/2009 17:47 -0500While we are eating the rest of the world goes on. "They" are going to be talking about us.
Radio Zero: Happy Thankstaking!
Submitted by Marla Singer on 11/25/2009 17:13 -0500Have to face the in-laws tomorrow? Or (worse) later tonight? We feel for you. Radio Zero will [soothe your pain/aggravate your irritation].
Check on our up-to-the-5-minute-interval status: http://radio.cl.zerohedge.com
Or just listen here: http://cdo.zerohedge.com:8000/listen.pls
You can pick up our West Coast Mirror (with 1000 slots) here: http://72.13.86.66:8000/listen.pls thanks to the mind-blowing generosity of EGI Hosting.
Chat up the DJ (send your .mp3 files) here: radiozh.
Or... join our IRC server at chat.zerohedge.com #radiozh. If you just can't be bothered with an IRC client, we've provided one for you here (opens new window). Otherwise, consider getting mIRC. (Since our chat server has gone beta, you might want to give it a shot).
So, is that enough options for you yet?
We'll go live around 8:00(ish) ET. Hear you there!
Sprott's John Embry Discusses The Four Horsemen Of The Financial Apocalypse
Submitted by Tyler Durden on 11/25/2009 16:57 -0500"In my opinion, the current equivalent of the mythical Four Horsemen of the Apocalypse are our financial leaders in the western world who are enthusiastically promoting and aggressively implementing quantitative easing in an attempt to sustain an obviously failed system and to bail out their banking cronies. They would include the atavistic Lawrence Summers...the extremely naive Fed chairman, Ben Bernanke, the truly feckless U.S. Treasury Secretary, Timothy Geithner and Bernanke's British equivalent, the hapless Mervyn King, head of the Bank of England."
Top 100 Most Active Cash Bonds - November 25
Submitted by Tyler Durden on 11/25/2009 16:49 -0500- ECOPET, 35.9 million, 20 trades
- CCU, 34.5 million, 10 trades
- GMAC, 34.5 million, 13 trades
- PDE, 33.1 million, 10 trades
- HEIGR, 25.8 million, 8 trades
Daily Credit Summary: November 25 - Going For Gold
Submitted by Tyler Durden on 11/25/2009 16:37 -0500Spreads closed mixed with IG unch and HY marginally tighter as volumes dried up this afternoon ahead of the holiday. With low volumes in indices and less in single-names and intraday ranges in IG and HY at their lowest in months, picking out themes from today's market action seems useless although we do note that between Dubai and Gold, the economic headlines seemed to be forgotten about.
After the Close: The Federal Reserve Announces New Reserve Currency Initiative
Submitted by Marla Singer on 11/25/2009 16:00 -0500
Ben "Darth" Bernanke...
$1,190 Breached, John McClane Summoned To The Scene
Submitted by Tyler Durden on 11/25/2009 15:38 -0500
At this point there is little sense in putting up any more gold charts. It is pretty clear what is happening: John McClane and Samuel L. Jackson are waiting for the next phone call with detailed instructions from Bernanke on how to short the dollar as the kleptocrats haul the 33 Liberty Street gold stash using garbage trucks.
All That Expires is Not Gold
Submitted by Marla Singer on 11/25/2009 15:25 -0500
It is difficult to draw comparisons between last year's market for gold futures and today's, given that gold wasn't exactly on anyone's radar in late 2008, but we'll try anyhow. Curiously, the January contract (expiring January 5, 2010) might as well be chopped liver according to volume today. What does it say about futures traders that none want a contract that expires 4 days after the new year? Just that they plan on having a significant hangover? Or that they want zero roll risk after a long market holiday?
Euro Passes $1.51 As Gold Surges To $1188/Oz, Dollar Monkeyhammered
Submitted by Tyler Durden on 11/25/2009 14:32 -0500
"I believe deeply that it's very important for the U.S. and the economic health of the U.S. that we maintain a strong dollar. We bear special responsibility for trying to make sure that we are implementing policy in the U.S. that will sustain confidence not just among American investors and savers but investors around the world that the U.S. will fix its budgetary problems as its economy improves." - Tim Geithner








