Frontrunning: April 11

Tyler Durden's picture
  • Obama Push to Seize Budget Initiative (FT)
  • China gives all clear on bond issuance bubble: Government Boosts the Bond Markets (China Daily)
  • You mean they can't use 200% debt financing? Nasdaq OMX Needs Shareholders to Embrace Rejected Bid (Bloomberg)
  • Complacent Europe Must Realise Spain Will be Next (FT)
  • Japan's seismic nerve center (Japan Times)
  • Kan’s DPJ Suffers Election Setback One Month After Japan Quake (Bloomberg)
  • Edano Says Japan Doesn't Need BOJ to Help Fund Post-Quake Disaster Relief (Bloomberg)
  • State Prosecutor Summons Mubarak (FT)
  • US Doubts Air Power Can Turn Libyan Tide (FT)
  • Nigerian Ruling Party Expected to Lose Assembly Elections (Epoch Times)
  • Portugal’s PM Launches Opposition Attack (FT)
  • Obama’s New Approach to Deficit Reduction to Include Spending on Entitlements (WaPo)

European Economic Highlights:

  • France Industrial Production for February 0.4% m/m 5.6% y/y - higher than expected.Consensus 0.5% m/m 5.2% y/y. Previous 0.7% m/m 5.4% y/y.
  • France Manufacturing Production for February 0.7% m/m 7.4%% m/m – higher than expected.Consensus 0.7% m/m 6.4% y/y. Previous 1.5% m/m 6.8% y/y.
  • Italy Industrial Production sa for February 1.4% m/m 2.3% y/y – lower than expected.Consensus 1.7% m/m 3.4% y/y. Previous -1.7% m/m 0.4% y/y.
  • Italy Industrial Production nsa for February 2.3% y/y – lower than expected.Consensus 3.9% y/y. Previous 3.5% y/y.
  • Norway CPI for March 0.3% m/m 1.0% y/y – in line with expectations.Previous 0.4% m/m 1.0% y/y.
  • Norway CPI Underlying for March 0.2% m/m 0.8% y/y – lower than expected.Consensus 0.4% m/m 0.9% y/y. Previous 0.8% m/m 0.8% y/y.
  • Norway Producer Prices incl.Oil for March 2.5% m/m 21.4% y/y – higher than expected. Consensus 1.2% m/m 21.2% y/y. Previous 1.2% m/m 21.2% y/y.

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Catullus's picture

I really can't understand why the Medical profession and hospitals specifically don't play hardball with the Feds and the states. What Obama is going to propose for cuts to Medicare and Medicaid will be price controls.  They know that this is the only way.  All a mjor hospital has to do is say "we're not longer accepting either medicaid or medicare, we'll deal with the lost revenue.  But we refuse to deal with these assholes any longer."

ibjamming's picture

How about WE start playing hardball with the "medical profession" and stop paying these stratospheric prices?  They rob us blind...just like the bankers, lawyers, teachers...

youngman's picture

That is what Obama and the socialists want...for the hospitals to say no..then take them over....its all laid out....national security or something will be used..humanitarian will be used..for the good of the country will be used....see...the plan is working...

jmc8888's picture

Woo hoo, Nero Obama, the post-election republican, as always fascist, like the other side, proposes that instead of enacting Glass-Steagall to wipe out the fraudulent debt that is forcing idiots to want to cut or print, we'll just continue cutting and printing, now to include social security and other needs. 

Wow what a fascist position, and if you agree with him, you're a fascist unamerican too.  Sorry, that's a fact.  Killing seniors to pay for bankster fraud, is fascism. As the hollywood character Brad Hamilton said to Jeff Spicoli once.....Learn it, Live it, Know it. (or else you're stupider than spicoli....and we'll leave that on the blackboard for all to see giving you full credit of course)