Archive - Feb 2011

Phoenix Capital Research's picture

Inflationary Tuesday: If Economics is a Science, Why Are the GDP Numbers a Total Fiction?





Honestly, at this point why do the Feds even bother trying to make GDP sound credible. If you’re going to just make stuff up, why not shoot for the moon? We could be posting GDP growth of 500% per quarter and employment at 200%. Why not simply REMOVE inflation from economic data? Just claim the Dollar hasn’t moved EVER.

 

Tyler Durden's picture

Stevie Cohen's Red Herring Plan Works As Orexigen Gets Slaughtered By The FDA





When we observed Stevie Cohen's odd and sudden purchase of 5% of OREX stock, announced in the last minutes of trading yesterday, we speculated that either this was another blatant attempt by the man with the golden touch to purchase shares in a company which would come up with the golden grail: a drug for obesity, or "we would not be surprised if this is the first, maybe of many, red herrings thrown by the legendary hedge fund manager to indicate that he does not have a 100% batting average when it comes to predicting FDA outcomes." Well, it was the latter. OREX just got the worst news possible and the stock is about to open 60-80% lower. This will be a ~$20 million loss for the Connecticut man. One wonders, more than ever, what is the quid pro quo?

 

Tyler Durden's picture

Today's Economic Data Highlights





ISM manufacturing, construction outlays, vehicle sales (snow will be blamed), and the weekly confidence survey…Very small POMO today as the Fed purchases just $1-2 billion in TIPS.

 

Tyler Durden's picture

Follow Egypt's Big Day As Millions Take To The Streets





Update: Semi-automatic gunfire now heard in Alexandria.

For Egypt, it is now or never. With millions out on the streets in Cairo and other cities, the Egyptian population will likely not have another chance at such a massive showing of popular expression of anger against President Mubarak. For those who wish to follow today's million man march, can do so at the usual places: the Al Jazeera blog, the video feed below, the Guardian blog, real time mappable tweets, and of course, the video feed below.

 

RANSquawk Video's picture

RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 01/02/11





A snapshot of the European Morning Briefing covering Stocks, Bonds, FX, etc.

This video is also available at www.nakedtrader.com

 

asiablues's picture

Could China Be Forced To Bring A New Global Recession by 2015?





"The Lonliest Man in Davos" wrote a 28-page report foretelling a global recession by 2015 via a commodity debt crisis brought on by China.

 

Pivotfarm's picture

Trade Against The Retail Herd 1st Feb





Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.

 

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