Frontrunning: December 15

• German investor confidence falls for third month, Greece roils markets, CDS spikes from 220 to 247 bps (Bloomberg)
• Producer prices climb more than forecast (Bloomberg)
• Pension fund sues Goldman over pay (Dealbook)
• Clearance sales not good for bottom line shocker: Best Buy lowers Q4 forecast margin, shares drop (Bloomberg)
• Abu Dhabi may demand control after $10 billion Dubai lifeline (Bloomberg)
• LG to offer range of 3D TVs (WSJ)
• Citi's TARP repayment: the downside for a troubled bank (Time)
• China bans individual web domain names (FT)
• Recession repeat lurks without White House truce (Bloomberg)
• Even bigger than too big to fail (NYT)
• Kazakhstan Alliance Bank creditors back $4.5 billion restructuring (Bloomberg)
• Bernholz: How likely is hyperinflation? (American)
• Gundlach rallies colleagues, scraps vacation plans, to start own firm (Bloomberg)

Comments

[heatbarrier]

The Tehran-Caracas Nuclear Axis -WSJ

http://online.wsj.com/article/SB1000142405274870486930457459565281580272...

[docj]

Perhaps related?

Uncle Sam stepping up monitoring of social networking sites for, among other things, "tax delinquents, copyright infringers and political protesters".  Doesn't that make you all warm and fuzzy inside?

http://www.nytimes.com/2009/12/13/opinion/13sun2.html?_r=2

Note the lack of righteous indignation in this editorial's tone - and recall this is coming from Pravda on the Hudson.  Call me crazy, but I doubt they would be so, ahem, measured if Chimpy McBushitlerBurtonCo was still President.

I guess that's more Change we can Believe In.

[john_connor]

Wow.  Thanks for posting.

[heatbarrier]

Got me thinking. If they hit Iran-Venezuela, those US-based natural gas assets from XTO look very valuable.

http://www.xtoenergy.com/en/Properties_Overview.html

[john_connor]

Poll question:

How long before Wells Fargo new dilutive shares priced at $25 each are underwater?

a) 1 hour

b) 1 day

c) 1 week

d) 1 month

e) never

[Anonymous]

Dec. 15 (Bloomberg) -- Industries in the U.S. boosted production in November by the most in three months, showing the world’s largest economy is gaining speed heading into 2010.

[gatopeich]

Funny indeed, and the markets don't seem to buy it.

Meanwhile, Euro markets seem to spike on new EURUSD low (the only relation I can find).

[windiepink]

....Tally Ho Financing (strange news and tales of furthermore)

The law firm also noted that the Federal Deposit Insurance Corporation enabled Goldman to generate $29 billion in cash by issuing F.D.I.C.-insured debts through the Temporary Liquidity Guarantee Program.

http://dealbook.blogs.nytimes.com/2009/12/14/pension-fund-sues-goldman-o...