Archive - Sep 2009

September 28th

Tyler Durden's picture

Daily Highlights: 9.28.09





  • Asian stocks decline on concern at US economy, Yen strength.
  • China formally starts investigating some "unfair" imports of chicken products from US.
  • China Investment Corp.. to invest about $1B with Oaktree Capital Management.
  • Companies indicating willingness to spend more on tech: reports.
  • Consumer sentiment, new-home sales showed signs of improvement; while sales of durable goods fell.
  • G-20 unites on bank rules, aligning policy as focus moves away from crisis.
 

Tyler Durden's picture

Another Amusing Media Interlude





Yet another amusing media interlude. Zero Hedge appreciates the gossip pages' attempt at profiling our zany cause. Even if, as the case may be, these particular gossip pages are in fact owned by the very same Establishment that our "conspiratorial" disclosures attempt to represent for the motivated and deeply embedded wealth redistribution enterprise it is. And while it is very late on a Sunday, here are some of our preliminary thoughts...

 

September 27th

Bruce Krasting's picture

Biz Booming at Geithner's Private Bank





One of Timmy G's smaller responsibilities is the $60 billion Federal Financing Bank. They're doing a "heck of a job". My bet is it's going to cost us one way or the other. The FFB might be the new lender to the FDIC. It looks like they have already filled out the loan forms. Sheila B. will love the pricing. They are giving the money away.

 

Gordon_Gekko's picture

Gold: What's Next?





So, predictably, Gold was hammered ahead of the “G-20” (nice little acronym for a criminal ruling elite, isn’t it? – more like mafia family heads getting together if you ask me) meeting in Pittsburg, Pennsylvania this weekend. What didn’t help matters...

 

Tyler Durden's picture

Exclusive Smoking Gun: The Fed On Gold Manipulation





Zero Hedge has recently presented several declassified documents from the pre-1971 "Nixon Shock" days, that endorse the case for gold as a major historical factor in US monetary and foreign policy, as demonstrated by State Department and CIA disclosure. Gold's special status in policy and administrative decision-making was a direct factor in Nixon's choice to abolish the gold reserve at a time of an exploding budget deficit. Yet what about the days after 1971, and specifically, how did that critical "behind the scenes" organization, the Federal Reserve, perceive and manipulate gold in the post Bretton-Woods world? Was gold, freed from its shackles to the dollar, once again merely a symbolic representation for money? Zero Hedge presents the smoking gun that may provide responses to all the various open questions, courtesy of a declassified memorandum, written by none other than the then Fed Chairman, addressed to the president of the United States.

As a side question: should a proven conspiracy theory be renamed a conspiracy fact? We will leave that to our NY Mag readers to respond.

 

Tyler Durden's picture

Weekend Reading And Open Forum





  • Is Jeff Macke the next Lenny Dykstra? (W.C. Varones Blog)
  • From the CEO of NYSE: One year later (WSJ), and fully propaganda free
  • Kraft set to launch hostile Cadbury bid (Reuters)
  • No reform, just a cosmetic patch for a discredited, flawed regime (Telegraph, h/t A.P.)
  • John Hussman: Strenuously overbought (Hussman Funds)
  • Japan Tankan may show firms to cut spending even amid recovery (Bloomberg)
  • China's most famous economist keeps talking (NYT)
  • MERS: A system designed to create the mortgage back security bubble (Dr Housing Bubble)
 

Tyler Durden's picture

Many Deep Thoughts From Howard Marks





Deep thoughts from one of the premier financial thinkers of our generation (700 pages worth in fact) and a recent recipient of $1 billion worth of generosity from CIC.

 

Leo Kolivakis's picture

Does Asset Allocation Still Work?





As the nature of markets evolve, you need to understand how collective inflows are influencing the trends in each asset class and changing the relationship between them. Rebalancing is crucial, but so is understanding what is going on in each asset class and how developments in one asset class will impact other asset classes.

 

Tyler Durden's picture

David Rosenberg's Special Report





While we disagree that Rosenberg has anything to defend against, be it strategy critics or vapid iconoclasts who mimic whatever they overhear during dinner conversations, the report below is a must read for those unacquainted with David Rosenberg's work, who would like to catch up to the key issues that one of the best economists discusses on a day to day basis.

 

Raymond Shaw's picture

UK Weekend Reading - 27-Sept-2009





Must and interesting reads for your weekend ponder. Some Evans-Pritchard goodness, cash calls, horse manure and a lot more.

 

Econophile's picture

The United States of America vs. Andrew Hall





All this for a measly $100 million paycheck? He only made $2 billion for Citigroup.

 

September 26th

Vitaliy Katsenelson's picture

What will drive interest rates up?





In investing, it's important to think unconventionally and creatively while at the same time considering risks - no matter how remote or unmanageable they are. I keep thinking: What would drive our interest rates up in the US?

 

Tyler Durden's picture

Is CNBC For Sale?





There may be some major changes in the NBC ownership structure according to media and financial pundits. Even as General Electric is dealing with significant balance sheet problems, which have been temporarily swept under the rug compliments of unjustified Goldman Sachs stock upgrades, it may be looking at getting rid of its "vanity play", the NBC TV station family, which of course includes CNBC.

 

Tyler Durden's picture

Weekly Capital Flow Observations, And The Fed's Treasury Purchase Sweetspot





Key capital/fund flow observations from the prior two-week period, as well as a highlight of the Fed's preferred sweet spot (5-7 Years) in Treasury repurchases.

 

Tyler Durden's picture

The CIA Chimes In On Gold Control; Highlights Historical Gold-To-Foreign Holdings Shortfunding





After yesterday we highlighted a declassified document by the Department of State, in which it was made clear just how critical it is for the US to remain "Masters of Gold", today we present a comparable memorandum from the same time period (December 1968) this time by the CIA, which presents comparable key high-level gold-related deliberations by the then-administration.

 
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