Archive - Apr 2, 2009
Unemployment On Elm Street, Market Shrugs
Submitted by Tyler Durden on 04/02/2009 11:35 -0500
Initial jobless claims: upward revision for February to 657K, March survey: 650K, actual 669K
Continuing claims: upward revision for February to 5567K, March survey: 5590K, actual 5728K
Frontrunning: April 2
Submitted by Tyler Durden on 04/02/2009 11:03 -0500- Geithner’s Non-Recourse Gift That Keeps on Giving to Bill Gross (Bloomberg)
- Roubini: "Another bear market rally"...
Frontrunning: April 2
Submitted by Tyler Durden on 04/02/2009 11:03 -0500- Geithner’s Non-Recourse Gift That Keeps on Giving to Bill Gross (Bloomberg)
- Roubini: "Another bear market rally"...
Revenge of the investment bankers!
Submitted by Tyler Durden on 04/02/2009 08:03 -0500This article has been making the rounds over the past day as the especially downtrodden finance guys angrily shake their fist in white collar populism while the more astute have to shake their heads at this faux-expose. The basic gist is that after excoriating Wall Street for excessive bonuses, Capitol Hill went ahead and allocated out a - wait for it - $9.1MM bonus pool to the various congressional staffers who constitute the invisible army of our legislative branch.
Bullish on AUD following Feb. current account numbers
Submitted by Tyler Durden on 04/02/2009 05:38 -0500The Australian current account came in way above consensus numbers; $2.1B vs an expected $700MM. Keeping in line with our overall view, we were ready to dismiss it as a one time blip but after digging through the numbers a larger story emerged.
OVERALL
The Complete Fairfield Greenwich Smoking Gun
Submitted by Tyler Durden on 04/02/2009 03:33 -0500The full complaint filed against Fairfield Greenwich by the State of Massachusetts. As engrossing a read as any John Grisham novel, which is to be expected: this is what earning over $100 million a year from complicit illegal transactions will usually result in.
