Archive - Jun 13, 2009

Handelsblatt (June 13):

As for the authenticity of the "Kennedy-Bonds," we still have doubts, but the U.S. government bonds (worth/in denominations of ? ) some 358 million euros seem (credible/ believable). They are made of filigree paper of excellent quality," said [Colonel Rodolfo] Mecarelli.

Zero Hedge believes in disclosing the truth - sometimes it is slightly biased by the filter of interpretation but for the most part we present the facts that lead us to our conclusions, and open up the forum to intelligent debate.

Every now and then an unbiased perspective on the "one world currency," the PPIP, TALF, GM, the bank bailout, Nancy Pelosi, the Obama budget, and a 0.95 batting average with disco balls is refreshing.

[youtube=http://www.youtube.com/watch?v=61bt0hXAbxA&hl=en&fs=1&]

• Must read: California notice of defaults and foreclosures skyrocketing (Dr Housing Bubble)
• Canada decries "rising tide" of US protectionism (Reuters)
• Ahmadinejad re-elected; protests flare; JPM can not gun SPY as market closed (

It seems like it was just yesterday when Six Flags' PR department was assuring Zero Hedge and its readers of just how fabulous things were at the theme park better known as the juvi delinquents cigarette break hang out (and the only place in the world where you can buy small cups of Diet Coke for the Bernanke wet dream price of $9.95).

The chart below indicates the Fed's YTD open market treasury purchases. Roughly $32 billion in bonds/bills has been bought since the last update 2 weeks ago. The chart below can be traced back the Federal Reserve of New York's website here.

The chart below indicates the Fed's YTD open market treasury purchases. Roughly $32 billion in bonds/bills has been bought since the last update 2 weeks ago. The chart below can be traced back the Federal Reserve of New York's website here.