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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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Vorpal1
Vorpal1's picture

+1
Not junk.
deTocqueville revisited Ayn more direct !

Wed, 02/02/2011 - 09:53 | Link to Comment Racer
Racer's picture

No sign of banksters suffering like the starving poor eh!

Wed, 02/02/2011 - 09:55 | Link to Comment Wynn
Wynn's picture

Got wheat?

Wed, 02/02/2011 - 10:01 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment snowball777
snowball777's picture

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

Wed, 02/02/2011 - 10:01 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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!