Archive - 2012 - Blog entry
December 17th
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.
December 16th
Arm Teachers To Save Our Children, Now
Submitted by Econophile on 12/16/2012 18:42 -0500While pundits argue about the whys and motives of the Sandy Hook shooter, our children are vulnerable to more attacks. Studies show that these mass murders are becoming more common. It seems now that one event inspires (if that is the right word) others to commit heinous acts of violence. Ignore the arguments about gun control, mental health intervention, and the need for the safety of our schools because the powers that be will debate them to no practical end. Here are two suggestions to protect our children NOW.
Mainstream Media Finally Awakens to the Fact that Big Banks Are Criminal Enterprises
Submitted by George Washington on 12/16/2012 15:05 -0500- Bank of England
- Barclays
- Comptroller of the Currency
- Consumer protection
- Credit Suisse
- Department of Justice
- Drug Money
- Fail
- Financial Regulation
- Global Economy
- Great Depression
- Joseph Stiglitz
- Lloyds
- Matt Taibbi
- Meltdown
- Mexico
- national security
- Neil Barofsky
- New York Times
- Newspaper
- Nobel Laureate
- Obama Administration
- Office of the Comptroller of the Currency
- Oklahoma
- Prison Time
- Reality
- Too Big To Fail
- Treasury Department
- Wachovia
- Wells Fargo
“The Government Has Bought Into the Notion that Too Big to Fail Is Too Big to Jail”
Initial Thoughts on Japan's Election
Submitted by Marc To Market on 12/16/2012 12:56 -0500
The outcome of Japan's elections seems to be largely in line with market expectations. The Liberal Democrat Party won handily. It appears to have secured a majority of lower chamber of the Diet.
There had been some reports suggesting that it might be able to achieve a super-majority of 2/3, but this does not look to materialized. However, with its traditional party, the Komeito, together it may.
In any event, this is a strong mandate for the LDP's agenda. It is a combination of nationalism and what passes for socialism in the neo-liberal age, namely increased government support for the economy via a) massive public spending and 2) unlimited monetary easing.
Investor Sentiment: Serious Headwinds
Submitted by thetechnicaltake on 12/16/2012 11:17 -0500Who or what is going to "save" the markets from a long overdue correction? And what will be that catalyst?
Shuffle Rewind 10-14 Dec " Lazy Sunday Afternoon " (Small Faces, 1968)
Submitted by AVFMS on 12/16/2012 08:52 -0500Bingo Bongo, Good News hailing, Sleepily digesting in the South to end Stuck… What an uninspiring week… Felt slow as a Sunday Afternoon– for 5 days in a row… The only thing that wasn’t lazy and laid back was the EUR.
December 15th
NYCTiCRoNYBuS KeRRY DiSCoVeReD...
Submitted by williambanzai7 on 12/15/2012 23:33 -0500And an update from Waikiki DC...
The Price Of “Collective Trauma”: Greece At The Brink of Civil War
Submitted by testosteronepit on 12/15/2012 22:51 -0500“How much can this society endure before it explodes?”
