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Frontrunning: July 6

Tyler Durden's picture




 
  • Gloomy bond investors clash with upbeat stock managers (BusinessWeek)
  • The IMF's "behind the scenes" bailout of Europe continues: Poland gets €20.4 billion (WSJ), Hungary to ask for €10-20 billion (Guardian), Ukraine - €15 billion (Ukraine Pravda)
  • Obama decried, then used Bush drilling practices (WSJ)
  • China awaits record AgBank IPO as books close (Reuters)
  • Lula falters in bid to cut floating-rate debt as rates increase (Bloomberg)
  • Paul Farrell: 12 deadly signs Wall Street's "conspiracy of weasels" killed Obama's reforms (MarketWatch)
  • BP approaches funds to fend off takeover bids (Reuters), presumably just slightly more effectively than Lehman was 'approaching' Korean banks for last minute rescue
  • Euro's worst to come, top analysts say (Bloomberg)
  • States: the new strategic defaulters (RCM)
  • Australia's RBA keeps rates on hold as it sees no China bubble (Reuters), rallies AUD and its correlated derivative, the stock market
  • It's no secret: Greece is restructuring debt (FT)
  • Depression, recession or growth (pick one) (Fundmastery)
  • Gaga over recession worries (Post)
  • Bank tests do nothing but stress out markets (Bloomberg)
  • Welcome to the double dip recession (RCM)
 

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Tue, 07/06/2010 - 08:44 | 454007 Hephasteus
Hephasteus's picture

BP approaches funds to fend off takeover bids (Reuters), presumably just slightly more effectively than Lehman was 'approaching' Korean banks for last minute rescue

You are a naughty naughty zero hedge. Now that shit is funny. They even had yellow cake uranium as assets. I think they approached the wrong korea. LOL

Tue, 07/06/2010 - 09:39 | 454021 nonclaim
nonclaim's picture

This is something to be on high alert to be honest...

There is a need for a poison pill to prevent hostile takeover by means of terrorism attacks. And I'm not kidding.

Tue, 07/06/2010 - 09:02 | 454011 HelluvaEngineer
HelluvaEngineer's picture

Wow.  Robo's gonna have all kinds of charts today.  Junk is in high demand this morning.

Tue, 07/06/2010 - 09:33 | 454014 Muir
Muir's picture

SP futures were at 1001 when I went to bed last night.

Amazing.

Tue, 07/06/2010 - 09:46 | 454019 firstdivision
firstdivision's picture

Amazing ramp job on only news from Australian banksters saying that they "foresee" the Australian economy keeps chugging....well until the "unforeseen" China slow down causes their exports to decline.  Well Australia is doing great so that is great for a 50 point up day.  This is such a farce that it is laughable.  Thanks C64's for giving me a good reason to sit on the sidelines this week while you run the ponzi up giving me a good entry for shorting your sorry ass. 

Tue, 07/06/2010 - 10:06 | 454043 Renfield
Renfield's picture

Aus optimism is a bloody joke.


Just read that a significant minority of Aus homedebtors are feeding their children rice rather than default on their unpayable debt. What kind of drooling moron withholds proper food from their kids so they can pay rent to fat banksters.


Maybe the kind that's used to waiting 100 years before they (and their kids & grandkids) finally own a house.


My husband and I are seriously considering taking a 2-year hiatus over to Canada, where I have a semi-offer on a job, and coming back here in a couple years when the property market has had time to do some decent tanking. It seems that it isn't enough just waiting for homedebtors to go broke; some of them will have to be literally starved out.


http://www.whocrashedtheeconomy.com/blog/?p=1061

Tue, 07/06/2010 - 10:23 | 454124 Hephasteus
Hephasteus's picture

If you go to canada get warm clothes for your sims. Or else they'll freeze.

Tue, 07/06/2010 - 11:07 | 454255 Renfield
Renfield's picture

LOL!! But, freezing/drowning/starving/otherwise tormenting sims is part of the FUN of playing a 'God game'!!

Some sims are favoured, and some are not.

Shit. I think I just understood for a second how Bermonkey feels pulling his little marketmaker strings.

Ew. Need to go shower now.

Tue, 07/06/2010 - 09:46 | 454029 Careless Whisper
Careless Whisper's picture

front run this too:

what are friends for?

jp morgan upgrades GS       

http://www.foxbusiness.com/story/markets/industries/finance/jp-morgan-up...

 

Tue, 07/06/2010 - 10:03 | 454036 Renfield
Renfield's picture

ISM PMI gonna be bad. The frontrunners just dropped EURUSD 30 pips.

Tue, 07/06/2010 - 13:11 | 454615 doublethink
doublethink's picture

 

Bomb Iran?

 

(Reuters) - China denounced the United States on Tuesday for imposing its own sanctions on Iran, saying Washington should not unilaterally take such steps outside of U.N. resolutions

 

http://www.reuters.com/article/idUSTRE66517420100706

 

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