This page has been archived and commenting is disabled.

Frontrunning: December 27

Marla Singer's picture





 
  • Nigeria quick to point out supposed would be bomber snuck into country. (Scammers? Sure. Bombers? Niger[ia], please!) [reuters]
  • Mousavi's nephew reportedly killed in Iran.  [reuters]
  • Gordon Brown sucks at economics.  ("The shadow [cabinet] knows.") [timesonline]
  • 2009: South Korean group wins $40 billion UAE nuclear reactor deal.  (2011: South Korean group writes off $36 billion in UAE receivables) [reuters]
  • French group reportedly overbid by $16 billion.  (French management contract stipulated that reactors could only work for 30 hours per week)
  • Dubai Properties Group fires key executives, CFO.  (Senior employees "leaving for other opportunities."  Read: "To head up UAE reactor project.") [reuters]
  • China likes the Yuan right where it is, thank you very much.  (Timmy: "Pretty please? Aw, c'mon!  We'll be your best friend!") [reuters]
  • Housing prices, however, seem a bit high.  (Is that a bubble in your housing, China, or are you just happy to stimulate me?) [bloomberg]
  • Today in History: Afghanistan seized by Soviets.  (1979)

 

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Sun, 12/27/2009 - 13:37 | Link to Comment Anonymous
Mon, 12/28/2009 - 00:24 | Link to Comment Clinteastwood
Clinteastwood's picture

Chumba,

 

I love it 

THE UNDERWEAR BOMBER!!!!!!!

Sun, 12/27/2009 - 13:54 | Link to Comment chumbawamba
chumbawamba's picture

Sorry, Marla.

I have nothing.

I am Chumbawamba.

Sun, 12/27/2009 - 19:30 | Link to Comment Anonymous
Sun, 12/27/2009 - 14:04 | Link to Comment Kayman
Kayman's picture

Barry and Timmy are going to have to change the course with the yuan (renminbi). Instead of whimpering that China isn't a currency manipulator, they will need to introduce a storage and transport tax on containers. Sorry Warren, country first, BNSF second.

Sun, 12/27/2009 - 18:49 | Link to Comment Anonymous
Sun, 12/27/2009 - 20:45 | Link to Comment darkpool2
darkpool2's picture

and by coincidence(?), airlines/TSA/DHS are going to make it so unpleasant for US companies to conduct overseas business that we will all be staying home and reinventing "made in America". Sorry People of Walmart

Sun, 12/27/2009 - 14:12 | Link to Comment Anonymous
Sun, 12/27/2009 - 14:18 | Link to Comment Anonymous
Sun, 12/27/2009 - 14:32 | Link to Comment Anonymous
Mon, 12/28/2009 - 00:19 | Link to Comment Unscarred
Unscarred's picture

Suppose that there are two Marlas; one Caucasian and the other African-American.  Would that make her biracial or just "bi?"

Sun, 12/27/2009 - 15:00 | Link to Comment LMAOLORI
LMAOLORI's picture

The bankers are praying for forgiveness or bigger bonus's???

 

http://www.ft.com/cms/s/0/b10ae0e4-eff9-11de-833d-00144feab49a.html

Sun, 12/27/2009 - 15:10 | Link to Comment CheapKUNGFU
CheapKUNGFU's picture

Let's trade Afghanistan to Russia for some GOLD!

 

I am not Chumbawamba, buy gold 'n' silver... bitches!

Sun, 12/27/2009 - 15:32 | Link to Comment Anonymous
Sun, 12/27/2009 - 15:48 | Link to Comment Anonymous
Sun, 12/27/2009 - 19:46 | Link to Comment E pluribus unum
E pluribus unum's picture

It's ZH. The whole site is tasteless.

Sun, 12/27/2009 - 21:14 | Link to Comment Anonymous
Sun, 12/27/2009 - 22:47 | Link to Comment vanderrook
vanderrook's picture

You could see someone's panties bunching over that a mile away...if it makes you feel better, you can call me a Kraka-toa.

 

Mon, 12/28/2009 - 00:18 | Link to Comment Rusty_Shackleford
Rusty_Shackleford's picture

@anon175491

 

Yeah, thank heavens we have smart, civilized people like you that can tell us what words it's appropriate to use when communicating with each other in a humorous context.

 

Are there any other words that you have decided should be struck from the human collective unconscious and only referred to by there first initials?

 

Please, enlighten us.      

 

You've got 25 more letters.

Mon, 12/28/2009 - 02:08 | Link to Comment MsCreant
MsCreant's picture

Shit, piss, fuck, cunt, cocksucker, motherfucker, and tits.

http://www.youtube.com/watch?v=3_Nrp7cj_tM

Mon, 12/28/2009 - 02:56 | Link to Comment Rusty_Shackleford
Rusty_Shackleford's picture

Well, see, you've already got yourself a problem there.

 

Which one gets to be the "c-word"?

 

Is it cunt or cocksucker?

(Oops, I mean c-word or c-word)

Sun, 12/27/2009 - 15:50 | Link to Comment Anonymous
Sun, 12/27/2009 - 16:01 | Link to Comment Benthamite
Benthamite's picture

No anomaly in occidental reporting of the Middle East.  Front page of NYT stirring up sheeple into war with Iran and willful suppression of one year anniversary of "War in Gaza."

Sun, 12/27/2009 - 16:05 | Link to Comment Anonymous
Sun, 12/27/2009 - 16:39 | Link to Comment Implosion Therapy
Implosion Therapy's picture

Id trade the congress,the fed amd OHbummer for an ounce of gold...

 

 

 

  Depression Bitches !

Sun, 12/27/2009 - 16:45 | Link to Comment Comrade de Chaos
Comrade de Chaos's picture

turning Dubai empty tourist attractors into the nuclear waste dump is an ingenious plan. Also, given the cost per reactor of about 6 bl the scale of it is... amusing, ironic, funny, stupid you name it - they got it.

Sun, 12/27/2009 - 16:49 | Link to Comment Eally Ucked
Eally Ucked's picture

Lets make nuclear deal with Mongolia, they pay 5 Bln and they can use it (nuclear reactors) for 15 min every day, then sell them real estate software for the next 3 bln, I hope they don't like their yurts and they buy into our very energy efficient dog houses (2X4 and other shit)

Sun, 12/27/2009 - 17:01 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

Its "everything is for buy" in the wealthy Gulf states .... set up a company, produce or replicate some technology of D or lesser quality, put a xx billion dollar price tag on it and set up a meeting with some of the "government" officials in those countries ... instant billionaire ....

Sun, 12/27/2009 - 16:57 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

Fuck you CIA bitches !!!!1

I am not Chumbawamba, but i am a fan of his ...

Sun, 12/27/2009 - 17:00 | Link to Comment nopat
nopat's picture

Man, word travels fast.  Not surprised you two are asshole buddies.

Sun, 12/27/2009 - 17:05 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

And Happy Holidays to you too, you savage heathen .....

Sun, 12/27/2009 - 17:07 | Link to Comment nopat
nopat's picture

Sorry, I don't use a primitive system of clicks and grunts to communicate.  Mind speaking English?

Speaking of which, where the hell have you been?

Sun, 12/27/2009 - 16:58 | Link to Comment Anonymous
Sun, 12/27/2009 - 18:12 | Link to Comment Rusty Shorts
Rusty Shorts's picture

 - anonymous,

 

"Niger" is a sovereign state of Africa, borders with Chad to the east, Mali to the west and Nigeria to the south...Dipshit.

Sun, 12/27/2009 - 20:36 | Link to Comment Seer
Seer's picture

And, drum roll...  it's got OIL!

Looks like the US will have to bomb another country because a "terrorist" came from there! (never mind that the US has its own share of home-grown terrorists and has failed to bomb itself!)

Sun, 12/27/2009 - 19:47 | Link to Comment Implosion Therapy
Implosion Therapy's picture

That would be a great halloween costume..Blackface Blitzer

Mon, 12/28/2009 - 00:48 | Link to Comment Marla Singer
Marla Singer's picture

For the humor impaired and the uninitiated, this is the original reference:

 

Mon, 12/28/2009 - 01:39 | Link to Comment Rusty Shorts
Rusty Shorts's picture

Nice touch. 

 

 

Mon, 12/28/2009 - 11:09 | Link to Comment The Rock
The Rock's picture

Looks like a little ODB (RIP) is appropriate in this motherfuck...

Watch your shit fall like Rome
I'm immune to all viruses
I get the cocaine it cleans out my sinuses
...
Kill all the government microchips in my body
I'm the paranoid nigga at your party
I kill all my enemies at birth!
Shut the fuck up!
Bitch let me slide my hands up your skirt
Nigga please!

Btw, never realized the country looks like a drumstick. :-P

Sun, 12/27/2009 - 17:05 | Link to Comment Anonymous
Sun, 12/27/2009 - 18:21 | Link to Comment Anonymous
Sun, 12/27/2009 - 20:41 | Link to Comment Seer
Seer's picture

WOW!  I'd never heard anyone mention anything abut WTC 6 until now!

What activities took place in WTC 6?

Mon, 12/28/2009 - 00:04 | Link to Comment Mad Max
Mad Max's picture

Prince Edward in a can?

Unfluoridated water?

Mon, 12/28/2009 - 00:16 | Link to Comment Marley
Marley's picture

Building 6 Occupants:

U.S. Department of Commerce

BATF (Alcohol Tobacco & Firearms

U.S. Department of Agriculture

U.S. Department of Labor

Export-Import Bank of the U.S.

Eastco Building Services

Building 7 Occupants included:

I.R.S.

U.S. Secret Service

Securities and Exchange Commission

And a lot of banks and financial service

Mon, 12/28/2009 - 01:24 | Link to Comment Seer
Seer's picture

Thanks Marley!

Sun, 12/27/2009 - 17:06 | Link to Comment nopat
nopat's picture

I especially like the response from Nigeria.  Yes, he "snuck" into a country of which he is a citizen and his father is a highly-respected member of the banking community.  We call that "going home."

That's almost as good as the Dutch officials' responses of "well, shit, OUR security worked, dunno what the fuck ya'll talking about."  Worked real well, assholes.  Maybe if you weren't trying to appease the natives over a cartoon, your security would have worked just a little bit better.  Ohhhh the irony is rich and frothy on this one.

Tue, 12/29/2009 - 17:39 | Link to Comment Anonymous
Tue, 12/29/2009 - 19:02 | Link to Comment MsCreant
MsCreant's picture

Ah, a classic mix up Denmark and The Netherlands, Danish and Dutch.

I wonder if you're "in Dutch" now?

I have not heard "cuntmuscle" before. Ya need to educate me. Cuntmuscles are very strong. They grip dicks and push out babies. This is high praise for Nopat. I find myself confused.

:-)

Thu, 12/31/2009 - 10:13 | Link to Comment SWRichmond
SWRichmond's picture

Have you been practicing your special exercises?

Thu, 12/31/2009 - 12:17 | Link to Comment Unscarred
Unscarred's picture

BUHAHAHAHAHAHAHA !!!

+1,000,000

@MsCreant- cuntmuscle

And for what it's worth, this is rarefied air for Zero Hedge.  I searched "cunt" and only 9 posts came up.

CUNT!

Thu, 12/31/2009 - 23:05 | Link to Comment MsCreant
MsCreant's picture

Men have these muscles too. But if I were to insult a woman, would I call her a "dickmuscle?"

Fri, 01/01/2010 - 00:07 | Link to Comment Unscarred
Unscarred's picture

HAH!  I love your comments, Ms.

IMO, the term "cuntmuscle" is just a slang - whether medically correct or not.  Logically, it makes little sense, also.  EXCEPT, when a dude understands that calling a woman a cunt is about as degrading as you can get.

In somehow applying that same term to another dude, it might actually be interpreted as emasculating him, as well.  This would be (again, IMO) far more scathing than calling a woman a cunt.

Dudes don't like to have their masculinity challenged, let alone DEMOLISHED.  (See- Shaq and Kobe)

(This is a finance site, right?)

Happy New Years, Hun!

Thu, 12/31/2009 - 23:03 | Link to Comment MsCreant
MsCreant's picture

Comes naturally in the course of a day. Have you?

Thu, 12/31/2009 - 12:20 | Link to Comment WaterWings
WaterWings's picture

The ppaarrttyy is just about to get started! I love the smell of sarcasm in the morning.

Sun, 12/27/2009 - 18:14 | Link to Comment anynonmous
anynonmous's picture

from  Michigan Newspaper (mainstream) December 26

Flight 253 passenger: Sharp-dressed man aided terror suspect Umar Farouk Abdul Mutallab onto plane without passport

 

 

The Indian man said he needed to get (the Nigerian man) on the plane, but he had no passport."

 

(not to be confused with  a seperate incident that took place on Dec 27 on the same route - AMS to DET)

Sun, 12/27/2009 - 19:08 | Link to Comment Anonymous
Sun, 12/27/2009 - 21:17 | Link to Comment Johnny G.
Johnny G.'s picture

It appears that the Haskell's are unable to tell the difference between Indians and Pakistanis.  Judging from the photo, they also like to swing and celebrate St. Patty's.

Sun, 12/27/2009 - 21:44 | Link to Comment Anonymous
Sun, 12/27/2009 - 22:01 | Link to Comment nopat
nopat's picture

Unable to tell?  Like a born on date, stamped to the bottoms of their feet?  You're right, let's pretend they're the ones with judgement in question and on trial and not the Mulsim extremists trying to murder innocent civilians by blowing up planes.  I'm sure they were real concerned with country of origin.

What a way to lose the forrest for the trees.

Sun, 12/27/2009 - 23:57 | Link to Comment Anonymous
Mon, 12/28/2009 - 00:49 | Link to Comment Johnny G.
Johnny G.'s picture

Both of you idiots ought to know that Indians generally aren't Muslim, aren't extremists, and don't blow themselves up.  That's for the Pakis.

Mon, 12/28/2009 - 01:26 | Link to Comment Seer
Seer's picture

And most of them don't run around spreading "democracy" by boming wedding parties either...  no, that's a genetic trait of folks from the USA...

Thanks for playing!

Mon, 12/28/2009 - 02:22 | Link to Comment Anonymous
Sun, 12/27/2009 - 17:21 | Link to Comment Implosion Therapy
Implosion Therapy's picture

Every bomber crazy bout a sharp dressed man...ZZ TOP MOFO!

Sun, 12/27/2009 - 23:24 | Link to Comment Crime of the Century
Crime of the Century's picture

DTW = Motor City Madhouse (it's a madhouse!)

Mon, 12/28/2009 - 00:00 | Link to Comment buzzsaw99
buzzsaw99's picture
Clean shirt, new shoes
And I know I'm goin' KABLOOEYS
Silk suit, black tie
I don't need a reason why
They come runnin' just as fast as they can
Coz every jihad's crazy 'bout a sharp dressed man

Gold watch, diamond ring
I ain't missin' not a single thing
Cufflinks, stick pin
When I blow up I'm gonna do you in
They come runnin' just as fast as they can
Coz every fed's crazy 'bout a sharp dressed man

Top coat, top hat
I don't worry coz my wallet's fat
Black shades, white gloves
Lookin' sharp and lookin' for (72 virgins of) love
They come runnin' just as fast as they can
Coz Allah's freaking crazy 'bout a sharp dressed man
Sun, 12/27/2009 - 17:37 | Link to Comment Anonymous
Sun, 12/27/2009 - 19:12 | Link to Comment chrob
chrob's picture

this is a very interesting interpretation and discussion by the CIO of Sprott Asset Management, John Embry, on gold:  http://www.goldalert.com/stories/Parabolic-Gold-Price-Rise-Imminent-Asserts-Gold-Bull-John-Embry

Sun, 12/27/2009 - 19:41 | Link to Comment Dburn
Dburn's picture

Huh?

"The $20 billion Korean bid was $16 billion lower than the French group's bid, an industry source said."

A mere 45% difference in the bids. I don't know about the rest but if I saw something like that on a bid, I would be highly skeptical and that's just on regular goods. If I saw that on a fricking Nuclear plant? What good  could possibly come from nuclear plant dumping?

Can I uh see how you are planning to make the 15 feet protective walls ? Oh Cardboard stolen from the homeless. That's uh very uh innovative and the Rods? Wow, who would have ever thought of using rebar from stripped us Commercial properties.

Sun, 12/27/2009 - 21:54 | Link to Comment nopat
nopat's picture

Samsung and LG have been pretty heavily involved with Middle Eastern construction; as a matter of fact they built Burj Dubai. I don't know about the other participants, but I'd argue it's probably a combination of cementing their place in the region, existing supply chains allowing them to dive deeper, national pride, and probably some back-channel agreements. Not to mention there's probably some doubling-down going on, knowing it's all or nothing with the region.

Sun, 12/27/2009 - 23:15 | Link to Comment SWRichmond
SWRichmond's picture

In some industries, it's still true that "you get what you pay for."

Sun, 12/27/2009 - 20:03 | Link to Comment Anonymous
Sun, 12/27/2009 - 20:38 | Link to Comment anynonmous
anynonmous's picture

CRE winter Olympic update

(Bloomberg) -- Intrawest ULC, a Vancouver-based ski-resort operator owned by private-equity firm Fortress Investment Group LLC, may miss a debt payment due today on a $1.4 billion loan, according to two people with direct knowledge of the situation. Intrawest, which owns venues being used at the 2010 Winter Olympics, may be pushed nearer to default

 

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=awYh3af132Gw

Sun, 12/27/2009 - 20:43 | Link to Comment Anonymous
Mon, 12/28/2009 - 01:29 | Link to Comment Seer
Seer's picture

Yeah, when you or I cannot get a tube of toothpate on board!

Like I mentioned previously, keep your eye on the oil- Nigeria just happens to have more of the US's lost oil!

Sun, 12/27/2009 - 20:45 | Link to Comment Anonymous
Sun, 12/27/2009 - 21:45 | Link to Comment phaesed
phaesed's picture

El-Erian strikes again, completely agreeing with my outlook.

http://news.yahoo.com/s/ap/20091227/ap_on_bi_ge/us_markets_sugar_high;_y...

El-Erian and his famous partner, Pimco founder Bill Gross, are watched closely because they've made investors a lot of money over the years. The Pimco Total Return Fund, which at $203 billion is the world's largest mutual fund, has returned an average 7.6 percent annually over 10 years, after fees, versus 6.3 percent for Barclays Capital U.S. Aggregate fixed income index fund.

The hotshots at Pimco have made money by anticipating big moves in the economy and interest rates way before other investors. In the depths of the financial crisis last year, for instance, Pimco sold some of its Treasury bonds to panicked investors looking for a safe haven and put the proceeds into government-backed mortgages and bank debt — in time to catch the big upswing in prices of those and other riskier securities this year.

Now Pimco is once again changing tack. El-Erian says people are fooling themselves if they think all the bullish data of late means a strong recovery is in the offing. So he's buying Treasurys and selling riskier stuff.

His bet: Investors will get scared again and want U.S.-guaranteed debt so they know they'll get repaid.

At Total Return, government-related securities, including Treasurys and corporate debt backed by Washington, comprised 48 percent of the fund's holdings in September. That was up from 9 percent at the beginning of the year. One of Pimco's newest funds, the Global Multi-Asset Fund, a hybrid stock-bond offering, is 35 percent in equities now, down from 60 percent earlier this year.

Investors betting on stocks or high-yield bonds are likely to be disappointed, El-Erian says.

Markets for those securities are rallying not because people like them but because they hate the puny yields of safer investments like money markets and feel they have no choice but to buy, he says. He quips that that makes the bull market as likely to last as a forced marriage.

.......

"I'm calling it as I see it," he says. "I'm not optimistic or pessimistic — I'm realistic."

*yawn* Didn't I call that?

And yes, it feels good when one of the top investment minds in the world backs a call I've been making. Damn good.

Look for the monthly cycle in TLT to kick up after the open

Sun, 12/27/2009 - 22:03 | Link to Comment E pluribus unum
E pluribus unum's picture

Don't get too excited. El-Erian sells BONDS. He's calling for STOCKS to fall.

 

DO you think he might have a vested interest in the call?

Mon, 12/28/2009 - 07:31 | Link to Comment phaesed
phaesed's picture

Of course he does, but when the world has been screaming for Treasuries to be the biggest bubble ever and that has been the CNBC mantra for a year now....

 

Why the hell do people continue to agree?

I made this call a long time ago because I've studied my history, much, much, much more than most, thanks largely to Google's e-library and the exceptional library at the University near me with two Noble prize winning economists (as farcical as that award is) in the past 5 years. Even ZH has been doing their best to bash Treasuries (and we all know I love the hell out of this website, I've been a daily reader since about 3 weeks since it started).

Jesus people, go to ALFRED and take a look at 13 week paper, rates were low all throughout the 30s.

Mon, 12/28/2009 - 01:31 | Link to Comment Seer
Seer's picture

The hotshots at Pimco have made money by anticipating big moves in the economy and interest rates way before other investors.

LOL... their weight helps them cause shifts in the market, let's get real here.  TBTNP (To Big To Not Profit)

Mon, 12/28/2009 - 07:29 | Link to Comment phaesed
phaesed's picture

Seer

 

The Treasury market is the one market that is still somewhat honest.

Fri, 01/01/2010 - 00:11 | Link to Comment Unscarred
Unscarred's picture

I like your posts.  You put it out there, regardless of how popular it is or how well it is going to be received.

Keep rollin'.

Sun, 12/27/2009 - 21:46 | Link to Comment Mad Max
Mad Max's picture

The would-be-bomber was initially reported to be from Niger, which as already noted is another country in Africa (just north of Nigeria, incidentally).

Anyone thinking it was a racist comment is woefully ignorant.  Much like the media/public witch hunt for the UN appointee who had used the word "niggardly" at one time (a Dutch word having no connection whatsoever to the well-known ethnic slur used in America).

Sun, 12/27/2009 - 23:10 | Link to Comment Anonymous
Sun, 12/27/2009 - 23:53 | Link to Comment buzzsaw99
Mon, 12/28/2009 - 05:44 | Link to Comment Anonymous
Mon, 12/28/2009 - 14:16 | Link to Comment Anonymous
Mon, 12/28/2009 - 08:38 | Link to Comment Hephasteus
Hephasteus's picture

That UAE stuff is going to be comedy gold before long. I can taste it.

Mon, 12/28/2009 - 18:19 | Link to Comment Anonymous
Do NOT follow this link or you will be banned from the site!