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Frontrunning: January 18

Tyler Durden's picture

  • One in three Hackney families too poor to heat their homes (Hackney Citizen)
  • Just modestly inflationary: Wheat Advances, Corn Reaches 18-Month High on Rising Demand, Lower Stocks (Bloomberg)
  • CDS continues to be the most predictive instrument around: Default Swaps Outshine Bonds at Highlighting European Stress (Bloomberg)
  • US public pensions face $2,500bn pensions shortfall (FT)
  • Borrowing Returns from the Future (Hussman)
  • Fed Officials Signal Growth Pickup Won't Alter Bond Purchases (Bloomberg)...oh so the stimulus induced pick up in fudged numbers will not lead to a removal of the stimulus? You don't say
  • Citi posts $1.3 billion profit as revenues fall (Reuters)
  • Apple's Cook Faces Product Development Challenge, Google (Bloomberg)
  • China’s lending hits new heights (FT)
  • Obama Launches Rule Review, Pledging to Spur Jobs, Growth (WSJ)
  • And again...US senators threaten currency bill ahead of Hu visit (Reuters)
  • Factbox: Details of Senate China currency bill (Reuters)
  • Goldman Fails to See Hype That Derailed Facebook Sale (Bloomberg)
  • Sarah Palin defends use of "blood libel" term (Reuters)
  • Portuguese Bailout Will Make Euro Crisis Worse: Matthew Lynn (Bloomberg)
  • Pressure Eases for Euro-zone Fund Overhaul (FT)
  • Obama Gives Hu First State Dinner Showing Dual Views of China (BusinessWeek)
  • Defending the ECB's Mandate (WSJ)

European economic data highlights:

  • Euro-Zone ZEW Survey (Econ. Sentiment) for January 25.4 – higher than expected. Consensus 16.6. Previous 15.5.
  • Germany ZEW Survey (Current Situation) for January 82.8 – lower than expected.Consensus 83.7. Previous 82.6.
  • Germany ZEW Survey (Econ. Sentiment) for January 15.4 – higher than expected.Consensus 7. Previous 4.3.
  • Italy Current Account (mlns euro) for November -5007.Previous -2580.
  • Norway Existing Homes for Q4 -0.1%. Previous -0.5%.
  • UK Nationwide Consumer Confidence for December 53 – higher than expected. Consensus 44. Previous 45.
  • UK RICS House Price Balance for December -39% - higher than expected. Consensus -44.0%. Previous -44.0%.
  • UK DCLG UK House Prices for November 4.0%.Previous 5.5% y/y.
  • UK CPI for December 1.0% m/m 3.7% y/y – higher than expected.Consensus 0.7% m/m 3.4% y/y. Previous 0.4% m/m 3.3% y/y.
  • UK Core CPI for December 2.9% y/y – higher than expected.Consensus 2.7% y/y. Previous 2.7% y/y.
  • UK Retail Price Index for December 228.4 – in line with expectations. Consensus 228.4. Previous 226.8.
  • UK RPI for December 0.7% m/m 4.8% y/y – in line with expectations.Consensus 0.7% m/m 4.8% y/y. Previous 0.4% m/m 4.7% y/y.



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Tue, 01/18/2011 - 10:12 | Link to Comment Salinger
Salinger's picture

and this headline currently on Reuters

"U.S. says iPad users' data stolen, sets criminal charges"


glad the PTB are on to this horrendous crime


meanwhile Facebook app developers / advertisers will not be facing any charges for  collecting personal data of users who unwittingly allowed access to their  personal info

Tue, 01/18/2011 - 09:57 | Link to Comment alter ego
alter ego's picture


Food shortages + Inflation + Revolution = Social Collapse

Tue, 01/18/2011 - 10:09 | Link to Comment Cdad
Cdad's picture

[Front]Running of the Bulls


1.  Shares of the world's largest zombie maker will be hard hit today for obvious reasons.  People who own those shares and whine about the negative price action should be asked to leave Earth for Planet NoShite!

2.  Oil will rise to offset the tech weakness as criminal syndicate Wall Street bankers attempt to protect the broader Banana Republic Tree indices.

3.  Burritos will rise to offset the tech weakness as criminal syndicate Wall Street bankers attempt to protect the broader Banana Republic Tree indices.

4.  Gold will rise to offset the tech weakness as criminal syndicate Wall Street bankers attempt to protect the broader Banana Republic Tree indices.

5.  Bulldozers and Aerospace will rise to offset the tech weakness as criminal syndicate Wall Street bankers attempt to protect the broader Banana Republic Tree indices.

6.  Everything that is not currently on fire or radioactive will rise to offset the tech weakness as criminal syndicate Wall Street bankers attempt to protect the broader Banana Republic Tree indices...the only exception being the Detroit Public Schools

7.  Nations will crumble [not entirely because of the zombie maker but because they have been crumbling for more than two years now]

8.  More dictators will pack up national treasury gold and head for vacation homes all over the globe.

9.  Criminal syndicate Wall Street bankers will pack up the proceeds and head for vacation homes all across the globe as they simultaneously raise their price targets on the shares of the world's largest zombie maker.

10.  Ben Bernanke will look upon that which he has made...which is a mockery of the US markets, a pregnant little Miss Euro now doing niche adult films, death and destruction in the form of food riots in collapsing nations, and moral freakin' hazard everywhere!


Good luck out there in the wasteland that Ben Bernanke made...but don't worry...Congress is on the case and will propose a bill that will fix that whole China thing.  Good grief [and by that I mean ALL OF THIS just gets dumber by the second].

Tue, 01/18/2011 - 12:43 | Link to Comment velobabe
velobabe's picture

st. eve, buy on any weakness. that damn woman, took the first bite†

Tue, 01/18/2011 - 10:31 | Link to Comment alter ego
alter ego's picture

Bernanke is actually doing a favor to the United States.

He is destroying the world faster than he is destroying US.

Exporting inflation is the XXI century Weapons of Mass Destruction.

Go Benny, Go


Tue, 01/18/2011 - 10:33 | Link to Comment Temporalist
Temporalist's picture
Gold Sold in Tokyo Vending Machines Competes with Drinks, Sweets, Lingerie

"Makishi Rokugawa says he’s installing the first gold vending machines in central Tokyo so Japanese consumers can invest in “something real.”"

Tue, 01/18/2011 - 10:42 | Link to Comment oogs66
oogs66's picture

SOVX is 198, 6 wider from Friday's close.  It has tried to rally both yesterday and today but won't up drifting wider.  Main and XOVER basically unch'd at 104 and 409.  FINS at 183 are out 7 bps since Friday and have feels like the squeeze is over.


IG, HY, and MCDX all opening unch'd to a bit tighter.


Tue, 01/18/2011 - 10:52 | Link to Comment SWRichmond
SWRichmond's picture

The Hackney heating piece is a hit job; tears for the children (always works), this is part of the global Agenda21 movement to make it impossibly expensive to live in a "house" by forcing retrofit energy efficiency standards on what will turn out to be the entire existing housing stock.  Seperate people from the land by forcing them out of their houses.  The new eco- rentier-controlled society is coming to a municipality uncomfortably near you.

Current lifestyles and consumption patterns of the affluent middle class - involving high meat intake, use of fossil fuels, appliances, home and work-place air-conditioning, and suburban housing - are not sustainable. A shift is necessary which will require a vast strengthening of the multilateral system, including the United Nations.

Tue, 01/18/2011 - 11:23 | Link to Comment LeBalance
LeBalance's picture

As far as energy use RE:Heating Affordability I am struck by the solution of migration.

In the US in the winter everyone moves to the South and visa versa.

That way scum lords would have to make their cities modesty palatable or Noone will move back next year.


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