Archive - Sep 2009
September 28th
Daily Highlights: 9.28.09
Submitted by Tyler Durden on 09/28/2009 07:17 -0500- 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.
Another Amusing Media Interlude
Submitted by Tyler Durden on 09/28/2009 02:05 -0500Yet 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
Biz Booming at Geithner's Private Bank
Submitted by Bruce Krasting on 09/27/2009 21:44 -0500One 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.
Gold: What's Next?
Submitted by Gordon_Gekko on 09/27/2009 16:52 -0500So, 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...
Exclusive Smoking Gun: The Fed On Gold Manipulation
Submitted by Tyler Durden on 09/27/2009 13:35 -0500Zero 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.
Weekend Reading And Open Forum
Submitted by Tyler Durden on 09/27/2009 11:53 -0500- 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)
Many Deep Thoughts From Howard Marks
Submitted by Tyler Durden on 09/27/2009 11:30 -0500Deep 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.
Does Asset Allocation Still Work?
Submitted by Leo Kolivakis on 09/27/2009 11:18 -0500As 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.
David Rosenberg's Special Report
Submitted by Tyler Durden on 09/27/2009 10:24 -0500While 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.
UK Weekend Reading - 27-Sept-2009
Submitted by Raymond Shaw on 09/27/2009 05:15 -0500Must and interesting reads for your weekend ponder. Some Evans-Pritchard goodness, cash calls, horse manure and a lot more.
The United States of America vs. Andrew Hall
Submitted by Econophile on 09/27/2009 01:44 -0500All this for a measly $100 million paycheck? He only made $2 billion for Citigroup.
September 26th
What will drive interest rates up?
Submitted by Vitaliy Katsenelson on 09/26/2009 20:20 -0500In 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?
Is CNBC For Sale?
Submitted by Tyler Durden on 09/26/2009 18:44 -0500There 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.
Weekly Capital Flow Observations, And The Fed's Treasury Purchase Sweetspot
Submitted by Tyler Durden on 09/26/2009 14:09 -0500Key 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.
The CIA Chimes In On Gold Control; Highlights Historical Gold-To-Foreign Holdings Shortfunding
Submitted by Tyler Durden on 09/26/2009 11:57 -0500After 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.








