Frontrunning: March 22

• Arab Regimes Under Siege (WSJ)
• Rift Over Command of Libya Campaign (FT)
• Premier Wen Jiabao Says ‘Urgent Steps’ Needed on China’s Trade Imbalance (Bloomberg)
• Japan Maintains Threat of Further G-7 Action (WSJ)
• China Central Bank to Lift HK Yuan Clearing Interest Rate (Reuters)
• U.S. Banks Oppose Tighter Money Rules (WSJ)
• How Germany Can Avoid a Two-Speed Europe (George Soros)
• Trichet Signals Rate Increase Likely (WSJ)
• Osborne to Reveal Borrowing Increase (FT)
• Buffett Won’t Sell Japan Shares as Earthquake Creates ‘Buying Opportunity.’ (Bloomberg)
• Finland Holds Key to Eurozone ‘Grand Bargain.’ (FT)
• Japan Quake May Cost Life Insurers $4.9 Billion, Moody’s Says (Bloomberg)

European economic highlights

• Switzerland Trade Balance for February 2.49B. Previous 2.04B.
• Switzerland Exports real SA for February 4.2% m/m. Previous 4.9%.
• Switzerland Imports real SA for February 0.3% m/m. Previous 1.1%.
• UK CPI 0.7% m/m 4.4% y/y - higher than expected.Consensus 0.6% m/m 4.2% y/y. Previous 0.1% m/m 4.0% y/y.
• UK Core CPI 3.4% y/y - higher than expected. Consensus 3.1% y/y. Previous 3.0% y/y.
• UK Retail Price Index 231.3 - higher than expected. Consensus 230.6. Previous 229.0.
• UK RPI 1.0% m/m 5.5% y/y - higher than expected. Consensus 0.7% m/m 5.2% y/y. Previous 0.3% m/m 5.1% y/y.
• UK RPI Ex Mort Int.Payments 5.5% y/y - higher than expected. Consensus 5.2% y/y. Previous 5.1% y/y.
• UK Public Finances (PSNCR) 7.0B - higher than expected. Consensus -4.2B. Previous -14.8B.
• UK Public Sector Net Borrowing 10.3B - higher than expected. Consensus 7.6B. Previous -6.3B.
• UK PSNB ex Interventions 11.8B - higher than expected. Consensus 7.2B. Previous -4.8B.
• UK CBI Trends Total Orders. Consensus -6. Previous -8.

Comments

[Careless Whisper]

Daley also has connections to JPMorgan Chase, which is lending AT&T $20 billion to fund the deal.

AT&T believes having Daley in a powerful White House role helps improve the chances the Department of Justice will approve the merger, a source directly involved in the deal told The Post yesterday.

http://www.nypost.com/p/news/business/at_dc_friend_foD18XIZDu3MXV2mlg1OeM

[Careless Whisper]

Based upon the wave count below gold should trade above $1500 during this rally (wave 3).

Elliot Wave analysis of Gold:

http://www.kitco.com/ind/Wagner/mar212011.html

[AN0NYM0US]

gotta love the French

The French moves, which western diplomats said included launching the first attack on Libya without fully informing its allies, angered US and UK officials and are hampering efforts to transfer command of the operation to Nato, officials said. Relations grew so tense on Monday that French and German ambassadors to Nato walked out of a meeting

[curbyourrisk]

Since when the fuck do the US play second fiddle to the FRENCH?????

Obama....you are a tool.

[Pants McPants]

Yes this is a great thing to argue about.  WTF France, let the US drive this war - after all, the US has all the modern experience.

These are the kinds of discussions that TPTB love to hear happen because they never question the larger issue: namely, going to war in the first place.

[Cash_is_Trash]

$4.9 billion = 4.9x10^9

# of dead = 22,000

Payout per Japanese victim: 4.9 billion / 22,000 = $222,727

Add it to the POMO schedule

[Careless Whisper]

Rising inflation in China and India, as well as Europe’s ongoing sovereignty debt crisis, are major contributors to gold and silver reverting back to their traditional “safe haven” status, according to New York-based James Steel, a precious metals analyst for HSBC Securities.  

Referring to his big league investment house as “the world’s largest bullion bank,” Steel says silver’s role as a monetary metal is gathering the most momentum in emerging economies.

http://www.resourceinvestor.com/News/2011/3/Pages/Silver-A-Currency-for-...

excuse me, but i thought the House of HSBC was SHORT silver along with the House of Morgan?!

and speaking of crash jp morgan buy silver, i've been saying that mister whistleblower, mister andrew maguire, is one sketchy fellow. he's off the grid. no one knows him. well, except for max keiser, who says he had dinner with him two weeks ago. no photos. no witnesses. no one has ever seen the two of them together. now this. andrew maguire is max keiser:

http://www.youtube.com/watch?v=iU19ZIBYbIM

[Racer]

"Fed's Fisher says greater danger is for central bank to monetise government debt, and would be road to economic destruction"

Um and what is QEasy? So has he just admitted we are on the road already?

[Racer]

 "Fed's Fisher says personally am extremely vigilant on inflation pressures"

ROFLMAO

Now that is what you call a rabbit in the headlights

[Bansters-in-my-...]

George Soros...

A fucking Rothschild with a name change.