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Frontrunning: February 2

Tyler Durden's picture




 
  • In 2010, total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135 billion (WSJ)
  • The FT just a few months behind Zero hedge: Fed passes China in Treasury holdings (FT)
  • Cyclone Yasi Nears Coast of Australia Packing Winds Stronger Than Katrina (Bloomberg)
  • China's Wen vows to control inflation in new year (Reuters)
  • Germany Rules Out Bond Buybacks by Bailout Fund, Official Says (Bloomberg)
  • Bank of Japan's Kamezaki Says Economic Slowdown Is Temporary (Bloomberg)
  • Florida governor may stall Obama healthcare law (Reuters)
  • Much of nation's recent growth may have been a mirage (WaPo)
  • Bond `Sensation' Should Make Investors Nervous (Bloomberg)
  • Geithner To Meet Top Senate Democrats As Budget Debate Nears (WSJ)
  • The Paradox of Corporate Taxes (NYT)
  • Statement of David R. Malpass before the Senate Budget Committee (David Malpass)
  • Mubarak Fails to Calm Protests With Pledge to Step Down (Bloomberg)
  • Berlin nears deal on eurozone governance (FT)
  • European Emissions Markets to Reopen Gradually (WSJ)

European Economic Data Highlights

  • Euro-Zone PPI for December 0.8% - higher than expected.Consensus 0.7% m/m 5.2% y/y. Previous 0.3% m/m 4.5% y/y.
  • Hungary Trade Balance for December651.9M. Previous 651.5M.
  • Romania PPI for December1.2% m/m 9.6% y/y. Previous 0.8% m/m 8.1% y/y.
  • Russia CPI for January. Previous 0.4% m/m 1.8% y/y.
 

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Wed, 02/02/2011 - 09:53 | 926919 snowball777
snowball777's picture

hit a record of $135 billion

Damn, even the shittiest con-man knows when to let the mark win a little.

Wed, 02/02/2011 - 09:59 | 926946 SheepDog-One
SheepDog-One's picture

Exactly mu thoughts! Only the worst casino riggers win each and every bet time after time...these clowns are just stealing every hand, saying their 2 pairs beats everyone elses flush or 2 pairs, and they wonder why everyone has left the casino and wring their hands over how theyll 'regain confidence'? Preposterous!

Wed, 02/02/2011 - 10:13 | 926974 whatz that smell
whatz that smell's picture

"When you see that in order to produce, you need to obtain permission from men who produce nothing - When you see that money is flowing to those who deal, not in goods, but in favors - When you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you - When you see corruption being rewarded and honesty becoming a self-sacrifice - You may know that your society is doomed." -- Ayn Rand, "Atlas Shrugged", 1957

Wed, 02/02/2011 - 11:44 | 927373 Vorpal1
Vorpal1's picture

+1
Not junk.
deTocqueville revisited Ayn more direct !

Wed, 02/02/2011 - 09:53 | 926920 Racer
Racer's picture

No sign of banksters suffering like the starving poor eh!

Wed, 02/02/2011 - 09:55 | 926928 Wynn
Wynn's picture

Got wheat?

Wed, 02/02/2011 - 10:01 | 926952 SheepDog-One
SheepDog-One's picture

Good Lord! Thats gonna leave a mark! I heard from a friend there 2 days ago the wind was worse than Katrina, way worse than their last typhoon. This is more than just a couple cases of weird weather world wide its biblical stuff goin down before our eyes.

Wed, 02/02/2011 - 10:14 | 926982 Oh regional Indian
Oh regional Indian's picture

Indeed SD1. How about the Snowstorm in the US. Looks pretty darn biblical too.

Tipping point indicators abound, eh?

ORI

Wed, 02/02/2011 - 10:31 | 927002 jesusonline
jesusonline's picture

Check the height of the waves recorded at Townsville:

http://www.derm.qld.gov.au/environmental_management/coast_and_oceans/waves_and_storm_tides/wave_monitoring/site_param.php?siteid=10&paramid=1

The projected path:

http://www.bom.gov.au/products/IDQ65002.shtml

If it wasn't so horrible it could be ironic - check the designation just above Cairns.
"Cape Tribulation"

Wed, 02/02/2011 - 10:23 | 927017 snowball777
snowball777's picture

Damn...Ian Plimer's on the wrong coast to get fucked by it.

Wed, 02/02/2011 - 10:01 | 926950 Oh regional Indian
Oh regional Indian's picture

Yasi is a huge one. Terrible for Queenslanders. Terrible.

And I heard really bad for Sugar (something like 24 major Sugar mills shut-down).

Sugar, wheat, coal....ergo... everything food, steel...we are staring price spikes due to extensive commodity destruction, force majeure and all that.

And Kamezaki? For a moment I read Kamekazi and thought I was having a Brian Sack name moment!

ORI

http://aadivaahan.wordpress.com/2010/12/17/straykitty-wrote-in-2/

Wed, 02/02/2011 - 10:20 | 927003 Johnny Lawrence
Johnny Lawrence's picture

Bank of America Chief Executive Brian Moynihan got a 67% bump in his total compensation for 2010, the company said Monday. Goldman Sachs Group Inc. tripled the salary of Chairman and CEO Lloyd C. Blankfein and increased his stock-based bonus 40% to $12.6 million.

Wed, 02/02/2011 - 10:25 | 927020 snowball777
snowball777's picture

Anyone who can stay that full of shit for that long probably deserves a raise.

Wed, 02/02/2011 - 10:27 | 927036 blackbox
blackbox's picture

US Treasury official says still a lot of uncertainty over whether the debt limit will be reached FIXED INCOME COMMENTARY

says:
- treasury revises estimate for reaching debt limit to between Apr 5 and May 31
- expects coupon auction sizes to be stable in coming months
- committee discussed ultra long bond issuance of 40-year to 100-year maturities
- will establish minimum interest rate of 0.25% for all new TIPs and Coupon securities
- additional measures after hitting debt limit can last up to 8 weeks more
- proceeding with borrowing plans on assumption that congress will raise the debt limit

Source: RTRS

Wed, 14:03 02-02-2011

 

Cool! Max out your credit cards on assumption that your credit limit will be raised!

 

F'ing nuts.

Wed, 02/02/2011 - 11:19 | 927253 uhb
uhb's picture

!total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135 billion!

hmpf.. i should work for the goldman sux, ripping off the american ppl ;)

Wed, 02/02/2011 - 11:48 | 927393 gwar5
gwar5's picture

FT behind zerohedge --

That's why we love zero hedge. Amazing information. It's like looking over Benbabwe's shoulder. Thanks.

Wed, 02/02/2011 - 12:17 | 927549 Oh regional Indian
Oh regional Indian's picture

gwar, Benbabwe it is from here on after.

Let's make it a meme. The Great benbawian flood of 2010 will be spoken of with awe in gnostic circles for aeons.

Also, I declare every swipe of a credit card a personal benbabwe moment (disclosure, no CC since 2006).

Benbabwe's tales for his grandspawn!

ORI

http://aadivaahan.wordpress.com/2011/01/27/wisdom-for-warriors-6/

Do NOT follow this link or you will be banned from the site!