Archive - Dec 17, 2012 - Blog entry
Japan’s NO EXIT Strategy
Submitted by testosteronepit on 12/17/2012 20:52 -0500Ministry of Finance official: “That’s why the MoF is trying to gain control over the Bank of Japan.”
State Communism's Newest (public) Advocate: Jeff Immelt
Submitted by CrownThomas on 12/17/2012 20:50 -0500"the one thing that actually works, you know, state run communism may not be your cup of tea, but their government works. They have five-year plans"
The ReTuRN oF KRiS SWiNDLe...
Submitted by williambanzai7 on 12/17/2012 13:38 -0500Merry QE to Goldman and to all squids a good night...
Fracking responsible for the big boost in US crude production?
Submitted by hedgeless_horseman on 12/17/2012 13:21 -0500If fracking comes to your neighborhood, it may be a good idea to get in on some Reg D Private Placement offerings...
Gun Control: The Big Picture
Submitted by George Washington on 12/17/2012 12:36 -0500Why The Founding Fathers, Gandhi and the Dalai Lama Were All AGAINST Gun Control
17 Dec 2012 – “Jingle Bell Rock ” (Billy Idol, 2006)
Submitted by AVFMS on 12/17/2012 11:57 -0500Utterly boring Monday session, worsened by year-end inactivity… Won’t get any better going forward, probably. Fiscal Cliff a cliff-hanger (I know, cheap)… Spain on the heavier side with contingent funding holes still popping up here and there.
"Jingle Bell Rock" (Bunds 1,37% +2; Spain 5,41% +4; Stoxx 2628 unch; EUR 1,317 +30)
What Happens When the Great Attempt to Hold Things Together Fails?
Submitted by Phoenix Capital Research on 12/17/2012 11:07 -0500
As I mentioned before, without a doubt 2013 will be a disastrous year for the global economy and for the financial markets. Things could get ugly before then due to any number of issues that are boiling just beneath the surface… but barring any sudden developments, most of the key players will try to hold things together into year end.
The Crisis of Conflicts at the New York Fed: Circling the Wagons to Set Up Ex-Goldmanite William Dudley As President
Submitted by EB on 12/17/2012 11:01 -0500- AIG
- American International Group
- B+
- Bank of America
- Bank of America
- Bank of New York
- Blackrock
- Citigroup
- Federal Reserve
- Federal Reserve Bank
- Federal Reserve Bank of New York
- FOIA
- General Electric
- goldman sachs
- Goldman Sachs
- Jamie Dimon
- JPMorgan Chase
- Monetary Policy
- New York Fed
- Open Market Operations
- Ron Paul
- Timothy Geithner
- Transparency
- William Dudley
New Fed minutes reveal powerful CEO voted to make William Dudley president of FRBNY and grant him conflicts waivers for investments in CEO's own company.
Japan's Election and BOJ in Focus, Monti's Decision Awaited
Submitted by Marc To Market on 12/17/2012 06:33 -0500There was a lively start to trading as the yen gapped lower in immediate response to new of the LDP's victory in the weekend elections in Japan. The greenback traded around JPY84.55, the highest level since April 2011. The euro traded to about JPY111.30, just below the year's high set in March near JPY111.45. The Nikkei gapped higher.
However, as the results were largely as expected. The LDP and its traditional ally, the New Komeito secured a 2/3 majority, which will prevent the upper house, in which the DPJ has a majority, from blocking the new government.
In addition, there is some speculation that the BOJ may stand pat at this week's meeting to enhance its negotiating position with LDP-led government. Before the weekend, the consensus was for the BOJ to expand its asset purchases plan by JPY5-10 trillion in the face of data pointing to the second consecutive quarterly economic contraction.
