Frontrunning: March 29

Tyler Durden's picture
  • Fed’s Bullard Says QE2 Exit Debate Likely ‘Key’ 2011 Issue (Bloomberg)
  • Obama Defends Libya Fight (WSJ)
  • Radiation Found Outside Japan Reactor, Signaling Meltdown (Bloomberg)
  • Radioactive Flood in Japan Reactor Tunnels (FT)
  • SEC focusing on hedge funds that outperform “market indexes by 3% on a steady basis.” (Securities Docket)
  • Schaeuble Sees Portugal Seeking Bailout, Handelsblatt Reports (Bloomberg)
  • Budget negotiations breaking down (WaPo)
  • Democrats, White House Said to Back $20 Billion of Additional Budget Cuts (Bloomberg)
  • A Requiem for Detroit (WSJ)
  • Spain's Banco Base to Ask for State Funds (WSJ)
  • Libyan Rebels Maintain Westward Push (FT)
  • More housing hell (NYPost)
  • Portuguese Bailout Costs More Than Money Alone (Bloomberg)
  • Yemen Handover Talks Stall but Deal Within Reach (Reuters)
  • Egypt Plans Parliamentary Election (WSJ)

European Economic Highlights:

  • Germany GfK Consumer Confidence Survey for April 5.9 – higher than expected.Consensus 5.8. Previous 6.0.
  • Germany Consumer Price Index for March.Consensus 0.4% m/m 2.2% y/y. Previous 0.5% m/m 2.1% y/y.
  • France Consumer Spending for February0.9% m/m 5.5% y/y - higher than expected.Consensus 0.5% m/m 4.8% y/y. Previous -0.3% m/m 2.4% y/y.
  • UK Total Business Investment for Q4 0.0 q/q 12.2 y/y.Previous -2.5% q/q 10.0 y/y.
  • UK Current Account (BP) for Q4 -10.5B – in line with expectations.Consensus -10.5B. Previous -9.6B.
  • UK GDP for Q4 -0.5 q/q 1.5% y/y – higher than expected. Consensus -0.6% q/q 1.5% y/y. Previous -0.6% q/q 1.5% y/y.
  • UK Net Consumer Credit for February 0.8B – higher than expected.Consensus -0.1B. Previous -0.3B.           
  • UK M4 Money Supply for February -0.3% m/m -1.5% y/y.Previous 0.8% m/m -1.7% y/y.
  • UK Mortgage Approvals for February 47.0K - higher than expectedConsensus 46.0K. Previous 45.7K.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
AN0NYM0US's picture

Hedgies that outperform market indexes by 3%???


"The Division will also focus on whether the outperformance resulted from potential misconduct, such as, insider trading, improper valuation of investments, and/or manipulative trading."



Oh regional Indian's picture

Anyone who does not realize by now that hedge funds are clandestine .gov controlled entities is blind to how the world works. Especially the big ones.

More than 3% consistently? Please, how insulting. Look at the ones that returned in excess of 20% year after year. But of course, they are off limits.


themiestro's picture

"SEC focusing on hedge funds that outperform “market indexes by 3% on a steady basis."


God forbid anyone should have a better performance record than the fed.  You gold and silver guys/gals better watch out.  You'll be next on the SEC hit list for outperformance.


BearishFeijoadaSushi's picture

Radiation Found Outside Japan Reactor, Signaling Meltdown


Why in hell do they think or want us to think that a meltdown might not have occurred already???

goldfish1's picture

High levels of radiation exceeding 1,000 millisieverts per hour were detected Sunday in water in the trench outside the No. 2 reactor's building.

At a radiation level of 1,000 millisieverts per hour, people could suffer a drop in the count of lymphocytes -- a type of white blood cell -- in just 30 minutes, and half could die within 30 days if they remained in such a condition for four hours.


goldfish1's picture

Feel good headline. Sickening report.

No Confirmation Of Radioactive Water Overflowing Into Sea: Agency

...Tokyo Electric Power Co., has taken measures to stop the water from flowing out, such as putting up sandbags and concrete blocks around the shaft, the nuclear regulatory body said.

...Among the trenches connected to the Nos. 1-3 reactor buildings, water in the gutter linked to the No. 1 unit is just 10 centimeters below its ground-level hole.

max2205's picture

They should look at those who pretend to lose $$ via ficticious losses on paper but pocket the $$... Look both ways assholes!!