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Frontrunning: December 28

Tyler Durden's picture

  • Backlash over use of Fed crisis cash (FT)
  • Non-US banks gain from Fed crisis fund (FT)
  • U.S. gas price tops $3 a gallon, highest since Oct '08 (Reuters)
  • Japan November Consumer Prices Fall for 21st Month as Deflation Persists (Bloomberg), signaling recovery is stalling
  • Japan Production Rises, Signaling Recovery Is Intact (Bloomberg)
  • Retailers Hurt by East Coast Blizzard as Post-Christmas Shoppers Stay Home (Bloomberg)
  • Japanese Stocks Retreat on Commodity Prices, Strong Yen; Inpex Declines (Bloomberg)
  • After a six month delay, the US budget will be delayed again (WSJ) good news is: 2011 may actually have a budget... eventually
  • China property market limps into new year (Reuters)
  • China's Real-Estate Frenzy: Rising property prices and a torrid pace of lending are signals of an inflationary bubble (WSJ)
  • The Data and the Reality (NYT)
  • Fixing the economy the scientific way (LA Times)
  • Investors Attempting to Dump Bonds Push Bid Index Near Record: Muni Credit (Bloomberg)
  • ECB Increases Intervention In Bond Markets (FT)
  • Capital Pressure Still Hangs Over Chinese Banks (China Daily)
  • Taiwan Curbs Access to Derivatives to Curb Currency Speculation (Bloomberg)

Economic Highlights:

  • France Q3 GDP 1.7%y/y 0.3% q/q slightly lower than expected. Consensus 1.8%y/y 0.4% m/m Previous 1.8%y/y 0.4% m/m
  • Switzerland Retail Sales for November 5.3% lower than expected Consensus 5.6% Previous 4.8% (revised from 5.1%)



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Tue, 12/28/2010 - 09:25 | 833032 HelluvaEngineer
HelluvaEngineer's picture

Holy crap.  Gold just got a woody.

Tue, 12/28/2010 - 09:31 | 833044 Xibalba
Xibalba's picture

sinclair is right.  

Tue, 12/28/2010 - 09:32 | 833045 sushi
sushi's picture

Not suprised. After all Bloomberg is reporting the recovery is both stalling and proceeding.

Tue, 12/28/2010 - 09:58 | 833093 velobabe
velobabe's picture

that is what i thought to. conflicting headlines. bet the sheeple don't even notice.

gold woody, bitchez†

Tue, 12/28/2010 - 09:33 | 833047 DavidC
DavidC's picture

# Japan November Consumer Prices Fall for 21st Month as Deflation Persists (Bloomberg), signaling recovery is stalling
# Japan Production Rises, Signaling Recovery Is Intact (Bloomberg)

Tyler, I loved that!


Tue, 12/28/2010 - 09:45 | 833062 Racer
Racer's picture

Yes, that is truly hilarious and a great example of fit the words to mean nothing

Tue, 12/28/2010 - 09:33 | 833048 WTF2
WTF2's picture

Buy the F ing dip stupid.

Tue, 12/28/2010 - 09:41 | 833054 BearishFeijoadaSushi
BearishFeijoadaSushi's picture

long live the wave-particle market

Tue, 12/28/2010 - 09:48 | 833070 Betty Swallsack
Betty Swallsack's picture

Fuel tops 3 bucks a gallon?  Snore.  The average here in Toronto is $1.12 per litre, making our price, per gallon, about $4.20.

Tue, 12/28/2010 - 10:05 | 833110 TheSettler
TheSettler's picture


Tue, 12/28/2010 - 10:25 | 833172 Racer
Racer's picture

$1 a litre? Wow that is VERY cheap.. try UK fuel prices with virtually ALL of the price being taxes of one form or another

Tue, 12/28/2010 - 10:11 | 833122 velobabe
velobabe's picture

Trustee in Madoff case is suing local victims 5:09am

ASPEN — Former Vice President and Nobel laureate Al Gore will join forest scientists and policy makers at a February symposium in Aspen focusing on climate change and forests of the American West.


Gore to address Forests at Risk event in Aspen 5:13am

In a bid to recoup the lost funds, Picard has been suing victims who allegedly withdrew more funds from the Madoff account — Bernard L. Madoff Investment Securities LLC — than they invested. The suits allege the victims took money that theoretically was not theirs.

Tue, 12/28/2010 - 11:40 | 833415 SWRichmond
SWRichmond's picture


I need a good paper on Treasury Roll Risk and google is coming up short.  Anyone got something?

Tue, 12/28/2010 - 14:39 | 833869 Oh regional Indian
Oh regional Indian's picture

The conflicting Japanese headlines were hilarious, as pointed out above. Funnier yet, Japan is such a bi-polar, nutty society, kind of a fractal representation.

The new, new normal. 

Sitting by a lake, peace prevailing, this stuff seems suddenly distant. 



Tue, 12/28/2010 - 14:59 | 833919 AnAnonymous
AnAnonymous's picture

Bloomberg publishing policy is so US type. Covers all angles possible to appeal to the maximum audience.


Only misses: signs tell no recovery is on.


Or better:

Recovery is rock hard.

Recovery looks solid but still vulnerable

No recovery yet, only signs of recovery

Recovery? What recovery?


With these four articles, Bloomberg could appeal to the whole spectrum of readers, each of them finding elements to comfort themselves in their opinion.

Informing people, what a great job.

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