Frontrunning: March 24

• Euro plunges on Portugal downgrade, doubts over Greek aid (FT)
• Wall Street Despised in Poll Showing Majority Want Regulation (Bloomberg)
• Corzine to mooch off taxpayers at latest gig as he seeks to convert MF Global to a primary dealer (Bloomberg) - cause there is nothing quite like the smell of free Fed money in the morning
• "The need to bring in the IMF was a failure for Europe, and
  Greece would likely eventually default even with aid" - UBS
  Investment Bank deputy head of global economics Paul Donovan (Bloomberg)
• Tax-break law could benefit JP Morgan by up to $1.4 billion (WSJ)
• Durable goods orders in February rise 0.5% in February, just below expectations; once again Boeing's sham orderbook saves the day, with a 32.7% sequential increase in non-defense aircraft and parts (Bloomberg, Census Bureau)
• James Saft: Economy volatility a hurdle for stocks (Reuters)
• Global derivatives disclosure to rise (FT)
• Treasury takes first steps to reshape Fannie and Freddie (NYT)
• Government intervention leads to larger disasters (Washington Times)
• China needs "very certain" recovery for stimulus end, zhou says (Bloomberg)
• Don't be a fool: watch the bond market, not bank lending or velocity (Wall St. Cheat Sheet)
• China's assertive policies raise investment concern (Reuters)
• Mutually beneficial U.S.-China economic relationship beginning to unravel (LA Times)
• Stocks outpacing Bonds (Omnivest Research)
• Dealmakers meet to sort $26 billion Dubai World debt (Reuters)

Comments

[RobotTrader]

Whee!!!!

[rubearish10]

Anyone surprised the SPU's are holding? Why should you be? Bond vigilantes at work today, The Buck is rippin', Europe is in shambles and the US is just fine, the new tourist trap. Down 4pts, YUP, no big deal.

[rubearish10]

Oh, wait a minute, JP Morgan gets $1.4bln tax break and we get ObamaCare's tax package. That sounds about right.

[mark456]

ucvhost is a leading web site hosting service provider that is known to provide reliable and affordable hosting packages to customers. The company believes in providing absolute and superior control to the customer as well as complete security and flexibility through its many packages. cheap vps Moreover, the company provides technical support as well as customer service 24x7, in order to enable its customers to easily upgrade their software, install it or even solve their problems. ucvhost offers the following different packages to its customers