Frontrunning: August 5

• Baltic Dry rises 1.1% after two days of losses
• Matt Taibbi latest: Wall Street's Big Win (Rolling Stone)
• Shocker: Greece Likely to Get Aid Payout on Austerity Progress, IMF Says (Bloomberg)
• Jon Weil: Gambling Bank's Money Turns Out to Be Illegal (Bloomberg)
• ECRI's Lakshman Achuthan Still Blowing Smoke (Mish)
• Trichet May Start ECB's Second Run at Exit as Economy Recovers (Bloomberg)
• Market surges as run to safety accelerates: Japan Faces Uphill Battle in Curbing Yen's Rise (WSJ ) and Yen Has Edge Over Gold In Battle For Supremacy? (FT)
• Thank god for that NYT paywall, and that hard-hitting, facts only,
  "don't care if I get invited to the Goldman X-mas Party" reporting:
  Andrew Ross Sorkin buys a $2 million apartment (NYMag)
• Just because the recovery is strong as bull: BOE Keeps Stimulus in Place to Aid Recovery in Budget Squeeze (Bloomberg)
• Europe’s Issuers Warn On US Reforms (FT)
• Bond Sales Spur Hungary to Reject IMF Help (WSJ) as another country gains from the temporary surge in the dollar (Bloomberg)
• Europe After the Bank Stress Tests (Cumberland)
• Ford is the latest beneficiary of the nationalized US auto sector: Obama to Set $250 Million Loan Guarantee for Ford Exports (Bloomberg)
• Euro higher versus dollar on Spain auction and German data (Reuters)
• Falcone's wireless plan relies on hedge fund assets (Reuters)

Comments

[Anarchist]

Wake me up when the Baltic Dry deviations are greater than the sampling error rate.

[AN0NYM0US]

nice piece by Jesse

The Road to Serfdom Is Lawlessness: Inside Goldman Sachs

[divide_by_zero]

While Matt Taibbi makes an occasional good point and humorously, his pieces are so slanted as to make them unreadable, usually loses me after the first page. That piece linked to above is no exception.

[goldfreak]

which parts are unreadable? Please enlighten us? and do you actually work for Goldman?

[Young]

Great article about Grayson tearing a new asshole on beaurocrats though...

[Fortunes Favor]

Put a few of the frontrunning stories together from the last couple of days and an interesting picture develops for Gold prices.

A Trifecta of PBOC Announcements Gives Owners of Gold a Winning Ticket http://rosenthalcapital.com/blog/

[Grand Supercycle]

Interesting SP500 chart ...

http://stockmarket618.wordpress.com

[senthil456]

There are certainly a lot of details like that to take into consideration.I read and understand the entire article and I really enjoyed it to be honest.
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