Frontrunning: July 7

• Unlike the US, Germany can pass a budget, and a strict one at that (Deutsche Welle)
• Excessive debt may sink global stocks to crisis lows (Bloomberg, h/t Naufal)
• BP is the new RadioShack - now reported in Abu Dhabi talks (Reuters)
• US banks face "untold problem" as muni debt swells (BusinessWeek)
• The sevens sins of GLD (Bullion Bulls Canada, h/t Kyle and Robert)
• Deutsche Bank shakes up algos (Traders
  Magazine)
• Obama to fill Medicare and Medicaid post without senate approval (Fox News)
• Can China cope with its massive urban population growth (Platts)
• Market trapped between euphoria and despair (Reuters)
• Jobless benefits ignite debate (WSJ)
• A dissection of RenTec (Reuters)
• Some more bold statements from Doug Kass for those who just can't get enough (Street)
• US data dogs on quest for sexier statistics (Reuters)

Comments

[Careless Whisper]

this too:

mall vacancy rates:

http://calculatedriskimages.blogspot.com/2010/07/mall-vacancy-rate-q2-20...

[Scooby Dooby Doo]

"Today's buyside has been using algos that think like traders. Marques says clients need to have algos that think like automated traders--like machines."

You're about 6 years late on your groundbreaking new idea Mr. Marques. Today's advanced algo's are predator algo's that search for weak outdated buyside traders(synaptic or silicon).

Machines that think like traders who think they are thinking like machines.

[Muir]

Yeah, that caught my eye too.

Deutsche Bank Shakes up Algos

[HardwoodAg]

"At Deutsche Bank, this is the key problem we're trying to solve in electronic trading," Marques said. "We're taking the best tools that statistical and low-latency traders use for providing liquidity and turning them into buyside tools for taking liquidity."

Or, we steal

[Scary]

http://news.bbc.co.uk/earth/hi/earth_news/newsid_8792000/8792008.stm

[doublethink]

Whack-A-Mole

More than 27,000 abandoned oil and gas wells lurk in the hard rock beneath the Gulf of Mexico, an environmental minefield that has been ignored for decades. No one — not industry, not government — is checking to see if they are leaking, an Associated Press investigation shows.

http://rawstory.com/rs/2010/0707/ap-impact-gulf-awash-27000-abandoned-we...

[DCon]

Where will all the Americans go to live when the Federal government has overseen the complete devestation of all local geography?

More than 27,000 abandoned oil and gas wells lurk in the hard rock beneath the Gulf of Mexico, an environmental minefield that has been ignored for decades. No one — not industry, not government — is checking to see if they are leaking, an Associated Press investigation shows.

[seventree]

Market trapped between euphoria and despair

If machines can feel these emotions, they have achieved sentience.