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Frontrunning: July 27
- EUR Libor at Highest in 11 months, hits 0.8275% (Market News)
- Hussman: Betting on a bubble, bracing for a fall (Hussman Funds)
- BP Replaces Hayward, Quickens Asset Sales on Record Loss (Bloomberg)
- Gift From Fed Stops as Profits Shrink at Banks Led by JPMorgan (Bloomberg)
- Paul Farrell: Unless women take control of Wall Street and America, 'The End' is near (MarketWatch)
- Economists Dispute Effect of US Stimulus (FT)
- Chinese Banks Face State Loans Turmoil (FT)
- Forbes: Obama's soft-core socialism (Forbes)
- "Systemic risk" theory gains in stature (WaPo)
- IMF Sees Yuan as Undervalued (WSJ)
- 'Reform' missed 'friends of Angelo' (Post)
- Global Economy May Have to Settle for a Slower Pace (Economic Times)
- Fitch: nothing to add to view on Hungary (Reuters)
- Money Supply Confuses Deflation's Confused Proponents (RCM)
And in probably what is the biggest news of the year for the stock that defines the American economy, federal ruling allows iPhone owners to alter software (Reuters)
Some updated data out of Europe which once again beats every expectation. Not bad for a continent whose financial system is insolvent:
- Euro-Zone M3 s.a. for June 0.2% -- higher than expected. Consensus -0.1%. Previous -0.2% (Revised from -0.1%).
- Euro-Zone M3 s.a. 3 mth ave. for June 0.0% -- higher than expected. Consensus -0.2%. Previous -0.2% (Revised from -0.1%).
- Germany Import Price Index for June 0.9% m/m 9.1% y/y -- higher than expected. Consensus 0.6% m/m 8.6% y/y. Previous 0.6% m/m 8.5% y/y.
- Germany GfK Consumer Confidence Survey for August 3.9 -- higher than expected. Consensus 3.5. Previous 3.5 (Revised from 3.6).
- France Total Jobseekers for June Consensus 2690.6. Previous 2699.6.
- France Jobseekers- Net Change for June Consensus 10.0 Previous 22.6
- Sweden PPI for June 1.3% m/m 1.6% y/y -- higher than expected. Consensus 0.2% m/m 0.5% y/y. Previous 0.0% m/m -0.5% y/y.
- Sweden Household Lending for June 8.9% y/y. Previous 9.1%.
- Switzerland UBS Consumption Indicator for June 1.810. Previous 1.737 (Revised from 1.712).
- UK CBI Reported Sales for July 33 -- higher than expected. Consensus 3. Previous -5.
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The swedes know how to party!
July 27 (Bloomberg) -- U.S. apartment landlords are seeing a surge in rentals as mounting foreclosures reduce homeownership and an improving job market for young adults encourages them to find their own places to live.
The bullshit from these so-called financial news agencies just never stops !!!!!
LSH,
Did Mickey D's open a 100,000 new drive throughs?.
Damn, and I missed my shot at gainful employment....*:>)
The asterisk, is a suicide bullet hole.
The McClellan Oscillator is as overbought as it has been in 3 years. The only 2 times it has been this high has been the vicious rallies off the oversold conditions during the late 2008/early 2009 market collapse.
Unless women take control of Wall Street and America, 'The End' is near
Ahem, One name: Margret Thatcher, bringer of peace and economic stability, laid the foundations for the pillar of the world that is the UK today.
Most women are socialist by nature, at least in my experience. I don't think turning over the reins would be the solution.
Iceland has one of the highest participation of females in parliament but that didn’t stop them from selling their fellow citizens into the financial bondage of international bankers
I'm not sure if you've been paying attention. The UK is a few steps away from Sovereign Default. Maybe not as bad as Argentina (823 bp) but not as Rosie as you describe.
Women who have families, and have to Budget, and run a household........
So much more intelligent that these Bastards, it's not even funny.
They think LOGICALLY.........Responsibly.
Women have their own problems.
And who do you think controls your average Wall Streeter? The wife, the girlfriend, the hookers...
Dumb article.
Actually all 3, control the average wall streeter.
So the average WS'er is controlled by his uncontrollable appetites. Wasn't that the basic premise of the article?
Ha ha, you have no idea how accurate that is (or maybe you do)!
I do appreciate some of the premises, but the idea that women will swoop in and save the day is silly. Who gave birth to those men in the first place? Who enables them? What gender dominates the schools?
It's trite, pat, and inaccurate to blame men for everything wrong in the world. Like most things, the creation of destructive narcissists is a team effort...
yeah, and of course all of the gals out here are all bastions of purity and consious LMAO.
Trite and pat are rite Apostate.
I have revisionary views on the topic.
Some call me anachronistic.
But overall, another day and another fascinating set of headlines. Hinting big things on small hints.
Definitely feels like eye of the hurricane time right now.
In 3 days, whoosh!
ORI
http://aadivaahan.wordpress.com
See Blythe Masters (JPM) for an example of how trite blaming men for everything might be :)
lord knows, just look down the Nobel Prize list (the real ones) and just see the plethora of women! Or in the history of invention.
The very LAST thing we need is more feminization; that's the SOURCE of the problem! Women are all about muddyheaded groupthink.
What we need is a return to male values of honesty, integrity, heroism, self-sacrifice, and real leadership.
All we have now are a lot of Femi-men who pursue female goals of "self-discovery," self-gratification, self self self. As a society, we've been on a multi-decade mission to deprecate maleness...now we have metrosexuals who are in touch with their "feelings" and who can't change a tire. Basically a bunch of cuckolds. I submit that the media image portrayal of "men" is a self-portrayal of the dominant group purveying it.
"What we need is a return to male values of honesty, integrity, heroism, self-sacrifice, and real leadership"
To claim these values as exclusively male borders on misogyny. These should be virtues for all humans.
I do agree though that US society needs to rebalance towards the masculine.
what planet are you from that referring to historically male attributes as historically male is misogyny?
YOU are part of the problem.
If my aunt had balls, she SHOULD be my uncle.
If you expect political correctness from me in the face of the TRUTH, then you are at a dry-ass well. Reality is not egalitarian.
Trav7777,
In retrospect, using the word misogyny was misguided and I retract my use of the word but I still stand by my claim that the values you listed are not male values but human values. EOB
BTW, I have no problem with your non-PC dialog. I love ZH for the very reason that it is lightly censored.
Hegel's sexism is seen in the following passage from his The Philosophy of Right:
O K i changed my mind, like most woman do.
i agree with this dude, now‡
+1/2 - concerning emasculation. The non-metros are generally dumbed-down, orange-fingered, narco-addled, jersey-wearing...fools.
And we have forgotten as a society to spot, and rub out, psychopaths - we are top heavy with 'em!
+535
Women are all about muddyheaded groupthink.
sorry to break it to you, trav.
most chicks don't think, let me tell ya‡
and if herding, really aren't thinkin, just talking shit.
I was trying to be nice.
I've known many women and in the platonic and biblical sense. Perhaps one or two were sufficiently rational to trust.
Don't get me wrong, I love that women are irrational...otherwise, I'd marry a fuckin man. I'm not looking for a carbon copy of myself.
However, it's important to let the people who are good at certain things DO THEM. You don't ask a left-brained quiet guy to comfort or nurture someone. You don't ask a bleating idealist woman to make rational decisions based on analysis.
The overarching problem is the deprecation in society of maleness and the feminization of it, mostly by a group of people purveying a media message who are themselves feminized. There is a peculiar convergence of ethnicity and sexual orientation in media. It intersects curiously with historical "admiration" of certain other groups, and is consistently seen in the potrayal of members of particular classes as archetypes of strength and wisdom vis a vis the consistent portrayal of others as weak, effeminate, frustrated, which is the latter is largely a self-portrait. The typical portrayals align with political movements and advocacy organizations; the message matches the action, even by unconnected actors who aren't acting in concert. It just seems that the perception or attitude is ubiquitous enough among the relevant group that it shows up in their art, in their political advocacy, and other facets of their lives.
And they don't feel strong or male. They feel impotent, frustrated, balding, fat, weak, and completely envy the athletic and apparently sexual prowess of others.
is that hard to do, tough guy‡
"I've known many women and in the platonic and biblical sense. Perhaps one or two were sufficiently rational to trust."
Dude,
Stop dating bitches...
Don't forget to include "mother" in your list!
NYSE ran out of guest passes this morning for the first time ever. Jersery Shore cast was ringing the opening bell.
I think the US, as an entity, has just been top ticked.
The end is nigh.
Hardy har har. Since when was Marla allowed to add to Frontrunning??!
"Unless women take control of Wall Street and America, 'The End' is near"
Funny, very funny Marla.
I gotta say, it's rich for Steve Forbes to call himself a "free market activist." I guess he publishes Art Carden, but still... you ain't shit unless you stand on moral principle, no matter what your arguments are.
Today's must read...
http://www.washingtonpost.com/wp-dyn/content/article/2010/07/25/AR201007...
"No more 'me first' mentality on entitlements"Ex Goldman Sachs TARP junkie Neel Kashkari calling for "self sacrifice" from the masses claiming WallStreet "free market" philosophy as example..
I've been all over this issue... they want to cut bennies while keeping the tax. Nothing free-market about it, they just want to cut government expenditures while retaining taxation to better manage inflation.
We're really living in a strange world in which Hank Paulson's minion is considered a public intellectual.
Neil who? Did you say he plays in the NFL? Alright! What, banking? Fuck that! NFL!
Is it inciting violence to say someone needs to shoot Neel? Seriously, this level of brazen hypocrisy warrants a death sentence.
This motherfucker only EXISTS because of TARP and bailout largess..there's no fucking WE in the sacrifice for that. He made MILLIONS off of it.
Classic bankster playbook: NOW DEMAND POUND OF FLESH.
To have money at ALL, we were REQUIRED by law to go into debt, as that is the only fucking way to create money. Now that exponential growth cannot be sustained, the bankers who were granted the MONOPOLY to create money are demanding every fucking house and hotel on the board, all the Chance and Community Chest cards, the playing pieces, AND the fucking dice.
Austerity is great for the people, but not so great for bankers. We are confronted by a fucking gigantic LEECH admonishing US to tighten OUR belts. The only proper response to this is violence.
I think Hussman said it best,
"It is almost mind-numbing to observe how many analysts confidently make valuation claims about the market on CNBC, evidently without ever having done any historical research. If you don't require evidence, you can say anything you want."
And one more.
Goldman Reveals where bailout cash went: Overseas banks!http://www.usatoday.com/money/industries/banking/2010-07-24-goldman-bail...
And the apple news is big news folks. See it hidden there right in the middle.
Since money men have used divination techniques for ages, I'll do a little context-weaving here.
Apple's core now stands exposed. Apple was like the virgin car on the lot, never did more than squeal tires in the showroom.
Now it's de-flowered. It's value, essentially a closed garden mystery, will plummet. The virus free apple will soon be virus-full. And fast, it is such a closed system.
Worms will get in.
Go short APPL.
;-)
ORI
http://aadivaahan.wordpress.com
G u y s l o v e g a m e s .
quote of the year.
Alpha-males versus Venus and the feminine mystique. Guys love games. Are women up to it? To win, they must change the rules of the game.
well, i only know a hand full of females capable of handing WS and the men that run it. quite frankly they are smart enough not to try and change the rules of this game.
loved the article made me smile notoriously, B I G.
Your posts on this page have made me smile as well. Thanks for having a good humor, and a willingness to share.
"willingness to share"
oh i didn't know you knew my middle name. thanks, you defender you‡
"Forbes: Obama's soft-core socialism (Forbes)"
Forbes, if he thinks Bama's Socialism is SOFT, he's on crack too.
I cannot believe educated wealthy people, have not seen the unbelievable damage is SOFT socialism has, will cause.
What a laugher.