Frontrunning: April 26

Tyler Durden's picture
  • Fed Sweating the Details of First News Conference (WSJ)
  • Ex-Morgan Stanley Economist Berner Tapped as Counselor to Geithner (WSJ)
  • China Said to Raise Capital Adequacy Ratios for 5 Biggest Banks (Bloomberg)
  • CIC Set for up to $200bn in Fresh Funds (FT)
  • Monetary Policy in 3-D (Hussman) or a fancy and long way to say DV01 = $1.5 billion
  • Japan Auto View Cut (WSJ)
  • Asia Faces ‘Serious Setback’ on Rising Food Costs, ADB Says (Bloomberg)
  • Some 500 Arrested in Syria Crackdown (Reuters)
  • Trichet Says Important for Policy Makers to Anchor Inflation Expectations (Bloomberg)
  • Euro Zone 2010 Deficit Down but Greece and Portugal Up (Reuters)
  • US Policy Shift Builds Pressure on Syria (FT)
  • Aussie dollar and Swiss Franc both gain (FT)
  • US and UK to Look at Libya Fuel Blockade (FT)

European Economic Highlights:

  • Euro-Zone Govt Debt/GDP Ratio 85.1%.Previous 79.3%.
  • Switzerland Trade Balance for March 1.09B.Previous 2.38B.
  • Switzerland Exports real SA for March -4.8%.Previous 3.6%.
  • Switzerland Imports real SA for March 1.3%.Previous 0.9%.
  • Switzerland UBS Consumption Indicator for March 1.660.Previous 1.453.
  • Sweden Unemployment Rate for March 8.1% - higher than expected.Consensus 7.8%. Previous 7.9%.


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Careless Whisper's picture

NY State Troopers in Westchester County generate $237,875 on Easter Sunday by writing traffic tickets for a "move over" law nobody ever heard of|newswell|text|Frontpage|s



ReallySparky's picture

CW, this is the new way to generate revenue in lieu of taxation.  We are seeing this phenomenon at scale houses and ports of entry nationwide. AZ, NM, CO, MO AL, GA specifically are targeting the trucking industry.

LongSoupLine's picture

Back in '90 my wife and I were pulled over in NJ for what was called "Failure to keep right" by a rookie town cop.  My wife was almost hauled in when she read the riot act to the young officer saying, "let me get this're wasting my time and tax payer's money giving me this stupid ass fucking ticket when, at this moment, someone is likey getting mugged or raped down the road?"

velobabe's picture

Somers said they were not entrapping motorists.

of course it was entrampment. they are scared shitless.

Careless Whisper's picture

Don't like the DMV? Fine. It's closed. State using tax revenue to fund mandatory drug tests. Florida says get your driver license from your County, as County governments turn people away.


Careless Whisper's picture

Another genius nanny State. Want to swing at a baseball in Connecticut? Better wear a helmet. Driving a motorcycle in Connecticut? Oh thats fine, no helmet required. (Motorcycle lobby says Thank You).