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Frontrunning: July 2

Tyler Durden's picture

  • There goes the upside case: 467k job cuts on 363k expected, 9.5% unemployment, 14.7 million officially unemployed (BLS, AP)
  • And not just the US - Unemployment up to 9.5% in Eurozone as well (BBC)
  • In the same time over in La-La land... (FT)
  • Band Aid feature of the day: Europe to give $1.7 billion to Latvia (NYT)
  • Exelon raises hostile bid for NRG to $7.5 billion (Reuters)
  • Porsche loan requests likely to fail says state official (Bloomberg)
  • Ireland next: Moody's cuts rating from AAA to Aa1 (MarketWatch)
  • Jonathan Weil: Crisis won't end until balance sheets get real (Bloomberg)
  • Rise in asset prices: new challenge for Asian banks (Morgan Stanley)
  • Treasury to name 9 toxic managers (WSJ) [no, PIMCO? Blackrock? really? what a total shock]
  • Speaking of Bill Gross: "Bon" or "Non" Appetit (PIMCO)
  • ISM Manufacturing: no V-shaped recovery (Wachovia)
  • Inflation or Hyperinflation? (Merk Mutual Funds)
  • Gallup: Investor optimism tumbles in June (Gallup)

Big thanks to Dan, Baker, Paul, and Aleksey for their very generous donations and support


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Thu, 07/02/2009 - 09:12 | Link to Comment Consistently_In...
Consistently_Incredulous's picture

So... we can expect SPX to be in the green by 1/2% to 1% by the end of the day?

Thu, 07/02/2009 - 09:17 | Link to Comment KC
KC's picture

Well thank God the recession is finally over.......

Thu, 07/02/2009 - 09:18 | Link to Comment mattoso
mattoso's picture

In JPM We Trust

Thu, 07/02/2009 - 10:31 | Link to Comment Arm
Arm's picture

All others pay cash

Thu, 07/02/2009 - 09:21 | Link to Comment Gabriel Gray
Gabriel Gray's picture

Damn, ADP number was off by only 5k this time. Factory orders up next.

Thu, 07/02/2009 - 09:36 | Link to Comment Anonymous
Thu, 07/02/2009 - 14:08 | Link to Comment Anonymous
Thu, 07/02/2009 - 09:39 | Link to Comment gookempucky
gookempucky's picture

Funny how things are spun spun spun----hell of course ADP numbers will drop because as time goes on the there will be no business's left that have employees let alone business--I wonder how that will be spun--DK hey look at this line UE numbers are dropping because there is no employment--see I told you it would get better.
ZH only non-fiction book left on the shelf.

Thu, 07/02/2009 - 10:04 | Link to Comment Anonymous
Thu, 07/02/2009 - 10:32 | Link to Comment Arm
Arm's picture

meep, meep, meep

Thu, 07/02/2009 - 11:25 | Link to Comment Anonymous
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