Frontrunning: December 22

Tyler Durden's picture

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SWRichmond's picture

The state security department, which was aware of the operations, failed to inform the president or the prime minister, he said.

An interesting glimpse into the world of using money to make what you want to happen, happen.  Put your trust in your "vote" in the "political process" if you wish.

E pluribus unum's picture

I love the theory that a one-day snowstorm killed the retailers' entire year. Yeh, that  and the fact that people don't have any money. Has AMZN hit $200 yet?

Dixie Normous's picture

shhhhhh, there will be no discussing retail sales anywhere in the world while the retail index tries for new highs.

silverhammer's picture

It was gorgeous in Texas this weekend and no one was shopping.  The snow storm killing Christmas theory is bunk.

E pluribus unum's picture

I love the story about the woman who couldn't begin her Christmas shopping until "her unemployment check" arrived!!!!!!!!! WTF? I was unemployed once. You celebrate by spending time with your family, not buying presents.

geopol's picture

Consumers suffer from a habit that can not be quenched,,zombie behavior,just can't stop doin it,,,just can't..

I'm sure, big farma can come up with a deterrent drug with 678 side effects that will empty the malls once and for all... Sorry CIT.

 

Anonymous's picture

Did anyone see the Greystone CEO on CNBC this a.m. ?

It was very interesting how he carefully chose the words 'recourse' loans (lending in the true private market) and 'non-recourse' loans (low-underwriting lending from any snake that can stuff his loans into FHA/FNM/FRE) Greystone, of course, does the latter.

This collapse has a long way to go....

Careless Whisper's picture

Frontrun this: While Washington politicians are busy licking the corporate crack, Mexico City enacts "Revolucion" to chants of "Yes, we could".

http://www.smh.com.au/world/we-do-city-approves-gay-marriage-20091222-lbs9.html

 

docj's picture

I suppose it's not news that the government still can't count (http://news.yahoo.com/s/ap/20091222/ap_on_bi_go_ec_fi/us_economy):

WASHINGTON (AP) – The economy grew at a 2.2 percent pace in the third quarter, as the recovery got off to a weaker start than previously thought. However, all signs suggest the economy will end the year on stronger footing.

Let's cut them some slack, though - I mean, they were only off on their orginal estimate by 50%.  I'm sure folks in the dreaded private sector are just as forgiving of sales folks who miss their self-imposed targets by that much.

Anonymous's picture

If this article has any merit, one can pretty much tell that the 2.2% figure is utter nonsense. CA by itself is probably in the top 10 economies of the world:

http://www.latimes.com/business/la-fi-smallbiz-bankruptcy22-2009dec22,0,...

Miles Kendig's picture

This isn't the first time there would have been a major penetration of Citi's computer systems..... And on at least one other occasion there were no questions as to if there were linkages between that breach and national security. Many of the building blocks of cyber security happen to be shared as the systems that are being protected are built using many of the same building blocks. One more way to get access to the funding and secrecy that the government will provide so industry need not provide it itself.

Careless Whisper's picture

as bad as that is, the execs at citi would be off.the.wall. if someone hacked their emails.

Miles Kendig's picture

Perhaps that is the rub...  It could be that the money was a front for sacking the e-mail and transactions histories systems since the systems at Citi and treasury are so similar.

Gimp's picture

CNBS was filming in a mall in CA today, it was totally empty but they put on a good face and stated it was early and the shoppers were on the way. I love the optimisim but please is there any truth left in the media?