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Frontrunning: February 11
- Majority of Germans wants D-Mark back (Frankfurter Allgemeine h/t Paul)
- Fed in talks with money market funds to help drain $1 trillion (Bloomberg)
- Jobless claims in US decrease more than anticipated (Bloomberg)
- Jobless suffer with corporate cash climbing to $1.9 trillion (Bloomberg)
- PIGS in rescue lipstick are uglier than default (Bloomberg)
- Greece: how the bond vigilantes left it in ruins (BusinessWeek)
- Stuyvesant Town ownership hinges on payment of $90 million (Bloomberg)
- Goldman CEO will see better paydays (Reuters)
- Currency market volatility (Cumberland)
- First Energy to buy Allegheny for $4.7 billion (Reuters)
- Greece could bring Euroland to its knees (Telegraph)
- Volcker: The man, the myth, the legend (Alhambra)
- VAT trap: the inevitable fix for the deficit (Fortune)
»
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Quote Of The Day
“You would be hard-pressed to identify a piece of legislation that we have proposed out there that, net, is not good for businesses."
Feb. 11 (Bloomberg) -- President Barack Obama said he and his administration have pursued a “fundamentally business- friendly” agenda and are “fierce advocates” for the free market.
Dumbfuck.
You know, it's almost as if this Obama fellow doesn't know the first thing about the dreaded private sector.
Or he's perfectly delusional. I could believe either, or both.
"You keep-a usin' tha' word (free markets)... I do no' think it means what you think it means."
All ODrama knows about money, is how to cash a book royalty check from an autobiography.
He's real articulate even when he's contradicting himself...
Thanks...hat tip to: http://www.iamned.com
"Stocks open down as Greece plan lacks details."
http://finance.yahoo.com/news/Stock-futures-rise-as-EU-apf-2042586982.ht...
What? Now they need DETAILS?!!"
It's the Hank Paulson plan
UPDATE: "Wall Street recovers as Greece details awaited".
http://finance.yahoo.com/news/Wall-Street-recovers-as-rb-3566918199.html...
Everybody got that?
That Frankfurter Allgemeine says nothing about the majority of Germans wanting the deutsche-mark back. It says that if the no-bailout clause of the Maastricht treaty is broken, then most Germans will probably wish they had the mark back.
I used to read this site because i thought it contained good insights and was well researched, but lately it just seems to be pushing a fanatic agenda of little value to anyone
Previous choppy sideways action for DOW/SP500 and EURO have resolved once again to the downside.
So SP500/DOW downtrend and the USD uptrend reasert their dominance yet again.
This is very bearish for equities.
Substantial USD rally just gets closer and closer.
http://www.zerohedge.com/forum/market-outlook-0
ENOUGH IS ENOUGH! Docx Assignment of Mortgage – Bogus Assignee for Intervening Asmts ALL OVER THE PUBLIC RECORDS!
http://4closurefraud.org/2010/02/10/enough-is-enough-docx-assignment-of-...
So what if first time jobless claims dropped 10%, we're still shedding jobs at an alarming pace.
The whole piece reads like a rose colored fabrication.
BLS does contain "His" initials. And there is a pentagram on the top left of the page. First thing to look at is the mark of the beast. Fitting.
http://www.bls.gov/
Where is Iran?
Can't believe the Bloomberg story about the Fed draining money market accounts is not its own post. What more evidence do you need to keep your money out of money market funds?
yeah, cut and paste...cut and paste...
Anybody (anony-body) read this?
Tea party genius: Sen. Larry KudlowThe CNBC talk show host has been spectacularly wrong on the economy for years. He obviously belongs in Congress
Let me write that headline:
Tea Baggers Go Full Scrotum:
Want Larry "Coke Head" Kudlow Senate Run
This part I can't top:
"The CNBC talk show host has been spectacularly wrong on the economy..."
But I would give you guys a better angle on the story:
Former Co-host Cramer the Clown goes ballistic over Kudlow Tea Bagger endorsement.
Clown claims more qualified for Senate based on career bribe taking and worse stock, economic picks...
"Bar none. My picks suck infinitely worse than Larry! I have lost more Americans more money than Congress!" Clown blurted.
I'm all for it...if it will get him off the air. I've given up any hope that his show will be cancelled.
What diversion awaits us as this gets going...can't be just Florida
Federal prosecutors say Rothstein turned his downtown Fort Lauderdale law firm, Rothstein Rosenfeldt Adler, into a criminal racketeering enterprise.
The lawsuit against Rosenfeldt alleges that Rothstein funneled campaign contributions through payments to attorneys in the firm.
The lawsuit also says Rosenfeldt should not have earned more than $300,000 a year while working at the firm. It goes on to say Rosenfeldt earned nearly $600,000 in 2006; $1.2 million in 2007; a little more than $6 million in 2008; and $946,000 through October last year, when Rothstein's fraud scheme blew up.
Federal prosecutors alleged in their racketeering charges against Rothstein that he violated state and federal campaign laws by paying “bonuses” to his law partners who in turn made political contributions to local, state and federal candidates and to political parties.
Thursday’s lawsuit says the political contributions were made through payments to Rosenfeldt and former partners Russell Adler and Steven Lippman.
http://blogs.trb.com/news/local/south_florida/blog/2010/02/bankruptcy_at...
President Obama, Bernanke, and Jim Cramer are in a MOVIE about hedge funds called "Stock Shock." Even though the movie mostly focuses on Sirius XM stock being naked-short-sold to near bankruptcy (5 cents/share), I liked it because it exposes the dark side of Wall Street and reveals some of their secrets. DVD is everywhere but cheaper at www.stockshockmovie.com
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