Frontrunning: April 6

Tyler Durden's picture
  • More from the Oracle: Central Banks Grapple With Competing Forces (Hilsenrath)
  • U.S. Sees Array of New Threats at Japan’s Nuclear Plant (NYT)
  • China’s Rate Tightening Threatens Copper (FT)
  • Fed’s Biggest Foreign-Bank Bailout Saved U.S. Muni Bonds (Bloomberg)
  • NATO Blamed as Libyan Rebels Flee Assault By Qaddafi Forces (Bloomberg)
  • Government Shutdown Looms Despite Obama's Intervention (Reuters)
  • Another "brilliant" HFT "fix": SEC Unveils 'Limit' Curbs to Prevent 'Flash Crash' (WSJ)
  • Ouattara forces storm Gbagbo bunker in Ivory Coast (Reuters)
  • U.S. Fiscal Crisis in Spitting Distance (Laurence Kotlikoff)
  • Euro at high as rate hike eyed, stocks climb (Reuters)
  • Portugal in Talks Over EU Aid (FT)
  • German Banks May Add To Capital (WSJ)
  • Ireland Sees No Bailout Rate Cut Before June-Report (Reuters)
  • Waiting For the Great Rebalancing (FT)

European Economic Highlights:

  • Euro-Zone GDP s.a. for Q4 0.3% m/m 2.0% y/y – in line with expectations. Consensus 0.3% m/m 2.0% y/y. Previous 0.3% m/m 2.0% y/y.
  • Euro-Zone Household Cons for Q4 0.4% – in line with expectations. Consensus 0.4%. Previous 0.4%.
  • Euro-Zone Gross Fix Cap for Q4 -0.5% q/q – higher than expected. Consensus -0.6% q/q. Previous -0.6% q/q.
  • Euro-Zone Govt Expend for Q4 0.1% – in line with expectations. Consensus 0.1%. Previous 0.1%.
  • Germany Factory Orders (nsa) for February 20.1% - higher than expected.Consensus 17.4%. Previous 16.5%.
  • Switzerland Foreign Currency Reserves for March206.2B.Previous 208.0B.
  • Switzerland CPI for March 0.6% m/m 1.0% y/y – higher than expected.Consensus 0.2% m/m 0.5% y/y. Previous 0.4% m/m 0.5 y/y.
  • Switzerland CPI - EU Harmonised for March 0.7% m/m 1.0% y/y.Previous 0.3% m/m 0.5% y/y.
  • UK BRC Shop Price Index for March 2.4%.Previous 2.7%.
  • UK Industrial Production for February -1.2% m/m 2.4% y/y - lower than expected. Consensus 0.4% m/m 4.3% y/y. Previous 0.3% m/m 4.2% y/y.
  • UK Manufacturing Production for February 0.0% m/m 4.9% y/y - lower than expected.Consensus 0.6% m/m 5.8% y/y. Previous 0.9% m/m 6.6% y/y.

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magis00's picture

According to "U.S. Fiscal Crisis in Spitting Distance"(Laurence Kotlikoff), we have 9 months til we reach 90% debt-to-GDP -- Rogoff & Reinhart's "point of no return".  Thanks for my daily Hopium TD.  A Happy Wednesday indeed. </sarc>

1fortheroad's picture

Get ride of the avatar or I will have to spit at my monitor.

johnQpublic's picture

The document also suggests that fragments or particles of nuclear fuel from spent fuel pools above the reactors were blown “up to one mile from the units,” and that pieces of highly radioactive material fell between two units and had to be “bulldozed over,” presumably to protect workers at the site. The ejection of nuclear material, which may have occurred during one of the earlier hydrogen explosions, may indicate more extensive damage to the extremely radioactive pools than previously disclosed.




someone was getting junked for proposing this thought on ZH as recently as yesterday

Kina's picture

There is no doubt a whole bunch of other important shit they haven't told us. No wonder the US warship ran for the hills.

kaiserhoff's picture

When even the New Yawk Times realizes there is a problem, you know it's time to duck and cover.  This article clearly proves two things:

The "experts" are surprised and scared shitless about what's happening here.

There is no plan B.  This thing will spiral out of control one way or another.

On a brighter note, the MSM is finally catching up with Colonel Cooper's comments on the spent fuel rods, from two weeks ago.  Way to read English, fucktards.


swanpoint's picture

We need a #zerohedge channel on freenode

Silverhog's picture

Whatever you do, don't take any government issued Hopium tablets. I heard they cause raunchy troll farts.

tek77blu's picture

Commentary on record breaking gold and silver numbers:

Cash_is_Trash's picture

The children of the baby boomers blame their parents' generation for creating massive unfunded liabilities that must be beared.

Laurence Kotlikoff's comments are good but as more boomers retire, their children will be forced to repudiate such lavish entitlements that crush the posterity of the nation.

Widowmaker's picture

I read many of the above and can't help but think "regulation and socialism will save capitalism."

BULLSHIT!  People, wake up and fight this!

Rodent Freikorps's picture

WASHINGTON, April 5, 2011 –

61 Percent of TX Immigrant Households with Children Use Welfare


WASHINGTON, April 5, 2011 /PRNewswire-USNewswire/ -- Census Bureau data show that the share of immigrant-headed households (legal and illegal) with children (under age 18) using at least one welfare program continues to be very high both in Texas and the nation as a whole.  This is partly due to the large share of immigrants with low levels of education and their resulting low incomes.  The welfare programs examined in this report are SSI (Supplemental Security Income for low income elderly and disabled), TANF (Temporary Assistance to Needy Families), WIC (Women, Infants, and Children food program), free/reduced school lunch, food stamps, Medicaid (health insurance for those with low incomes), public housing, and rent subsidies.


1fortheroad's picture

So thats why the S&P was up 8 handles this morning, all good news again.

The only green sprouts I see are bean sprouts, people will be forced to sprout

their beans because the wont have any cooking fuel to cook with.

rant off

Careless Whisper's picture

Taxpayer Funded Cat Fight

Standing Room Only Crowd At City Hall

Lake Worth City Manager Susan Stanton (formerly Steve Stanton) is accused of being biased against gays/lesbians. Loretta Lufty (always known as Loretta Lufty) owner of a gay/lesbian bar says the city is selectively using a noise ordinace against her bar. Mayor Rene Varela (always known as Rene Varela) accused Miss Lufty of "pulling out the gay card", while City Manager Miss Stanton tells a citizen, if you've got "big eggs" throw them at the bar.




A Man without Qualities's picture

Re China tightening and copper, there have been some interesting stuff in the FTAlphaville discussing the use of copper as an alternative source of financing, which does suggest the reason why previous tightening efforts having really knocked prices as much as you'd expect.  The overarching point is there is a massive punt on rising prices in China and there may be a lot of supply hitting the market  if prices do start a serious correction.

tarsubil's picture

That Ivory Coast story is giving me the runs.