Archive - Mar 10, 2014

• Index of largest Chinese stocks drops to lowest since February 2009 (BBG)
• Plane-Debris Hunters Seek Suspected Aircraft Window Part (BBG)
• New-Home Building Is Shifting to Apartments (WSJ)
• Forward Guidance Risks Stoking Instability, BIS Says (BBG)
• Alleged Bitcoin Millionaire Nakamoto Gets $28,000 Donations (BBG)
• Mexico kills drug kingpin reported dead years ago (Reuters)
• Tencent to Buy 15% Stake in JD.com to Boost E-Commerce (BBG)
• Bitcoin exchange MtGox 'faced 150,000 hack attacks every second’ (Telegraph)
• Noyer Says Stronger Euro Creates Unwarranted Pressure on Economy (BBG)
• Russian Forces Gain in Ukraine as Separatist Vote Looms (BBG)

Just when it seemed that the ever deteriorating situation in the Crimean, the unexpected plunge in Chinese exports which has sent the Yuan reeling again, the Copper slam which is down some 10% in two days, and the outright collapse in Japan's capital flows, not to mention the worst GDP print under Abe, may not be quite "priced in" by a market that is now expecting well beyond perfection in perpetuity, further shown by Goldman over the weekend which reprorted that revenue multiples have never been greater, and futures may finally dip, here came - right on schedule - the USDJPY levitation liftathon, which boosted futures from down 10 to barely unchanged, and which should be green by the second USDJPY ramp some time just after 8 am.

Today, far too many people put all their faith in deceitful politicians and bankers to tell them the truth and consequently are dreadfully misinformed.