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Frontrunning: November 12
- Fed's Lockhart Says Tax, Regulatory, Fiscal Uncertainty Hurts Employment (Bloomberg)
- Globalized "cooperation" proves it is completely worthless as usual as US loses all leverage - G20 Closes Ranks but Skims over Toughest Tasks (Reuters)
- ...As is US foreign trade policy, as Obama is humiliated once again: U.S. Hit by Trade Setback (WSJ)
- Krugman stunned deficit commission wants to cut deficit (NYT, h/t Fernando)
- Bankrupt California searching for idiots to sell $14 billion in bonds to (LA Times)
- As Zero Hedge has been saying for over a year, Taxes May Solve U.S. High-Frequency Trading Mess: Peter Coy (Bloomberg)
- Fed Efforts to Revive Economy Find Critics (NYT)
- Why Oil Could Top $100 a Barrel (Bloomberg)
- China Real-Estate Bubble Concern Fails to Deter Investors (Bloomberg)
- Obama mulls compromise on tax cuts plan (FT)
- China's Faster Inflation Fuels Speculation Rate-Rise Near (BusinessWeek)
- Is Market Preparing to Issue Sell Signal? (Minyanville)
- European Ministers Hold Ireland Debt Crisis Talks at G-20 (Bloomberg)
- The uninvited guest: Chinese sub pops up in middle of U.S. Navy exercise, leaving military chiefs red-faced (Daily Mail)
European economic release bloodbath:
- Euro-Zone GDP s.a. 0.4% q/q 1.9% y/y - lower than expected.Consensus 0.5% q/q 1.9% y/y. Previous 1.0% q/q 1.9% y/y.
- Euro-Zone Ind. Prod. for September -0.9% m/m (sa) 5.2% y/y (wda) - lower than expected. Consensus 0.2% m/m 7.1% y/y. Previous 1.0% m/m 7.9% y/y.
- Germany GDP for Q3 0.7% q/q (sa) 3.9% y/y (nsa) - lower than expected.Consensus 0.8% q/q 3.7% y/y. Previous 2.3% q/q 4.3% y/y.
- Germany GDP wda for Q3 3.9% y/y - higher than expected. Consensus 3.7% y/y. Previous 3.9% y/y.
- France GDP for Q3 0.4% q/q 1.8% y/y - lower than expected.Consensus 0.5% q/q 1.9% y/y. Previous 0.7% q/q 1.7% y/y.
- Italy GDP sa and wda for Q3 0.2% q/q 1.0% y/y - lower than expected. Consensus 0.4% q/q 1.2% y/y. Previous 0.5% q/q 1.3% y/y.
- UK Nationwide Consumer Confidence for October 52 - lower than expected.Consensus 53. Previous 53.
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Aaaaalll Bbbbbaaaaad noose.
Feels like global finance is on the hangman's stand and someone is standing by to yank the lever.
Will Flag = False?
Me thinks so.
If not familiar, please read about Timewave Zero.
http://www.viewzone2.com/timewavex.html
Get ready to be shocked.
Guarantee it.
ORI
http://aadivaahan.wordpress.com
Not sure of its value, but given a prediction of a major event on Nov 14, I'll follow it for a few days . . .
Bob, if you dig a little deeper, the match-up with major world events is actually quite startling.
ORI
http://aadivaahan.wordpress.com
From what was presented there, the events one selects appear absolutely arbitrary and idiocyncratic. Looks like a rorschach (damn, why do I always have to google that for spelling, even as a psychologist for the last 20 years!) to me.
Yeah, I like Terence, but seeing things in the I-Ching isn't helpful in finance.
But if it is all one, then all things are related.
Oracles forecast trends, not events. Events just happen to co-incide with major turnign points in trends.
I think that is invaluable information, applicable anywhere.
For example. Short Monday!!!
;-)
ORI
http://aadivaahan.wordpress.com
oh thanks for that link to my wake up call.
or the read scared the shit out of me.
or i am jealous some people can handle psychedelics.
or what the fuck is happening?
i kinda got the ying yang thingie.
I've got a tenner on Uncle Ben as the "sophisticated investor".
Tax-free 1.5% on short-term bonds? Ben and Brian won't be alone.
ah, forget all this, what time is the POMO scheduled?
QE2 is about to sail forth in just a few hours time...or is it Titanic?
Bad link on the Fed's Lockhart/Bloomberg article.
Insert some pablum about uncertainty in the champagne delivery schedule somehow being more relevant than the Chicxulub-sized hole in demand.
LOL. Sounds right.
Did you see where Obama was standing in the G20 group-hug photo? Guess who was in the middle.
link, please?
Here a video of the photo shoot
http://www.youtube.com/watch?v=wikedQ-kOwo
That was kinda spooky.
front row center was China, not the USA
http://www.reuters.com/news/video/story?videoId=163940796&videoChannel=2602
As Zero Hedge has been saying for over a year, Taxes May Solve U.S. High-Frequency Trading Mess...
Correction: As some on ZH have been saying:
http://www.zerohedge.com/content/transaction-tax-harmful
Fix the damn market structure, don't band-aid it up with more red-tape, loop-holes and complexity.
Tyler has the solution for the HFT mess, each trade wont be executed until a CAPTCHA is correctly completed! And I have a solution for QE, all money printing MUST be in DIMES!
http://www.youtube.com/watch?v=SbWg-mozGsU
The transaction tax addresses the HFTs which are the problem with our market structure.
Hell with a transaction tax, screw all these tax scams they'll find a way to rip that off too! I say we put in a mandatory CAPTHCA on every trade executed, no exceptions. Problem solved and it costs -0-.
Marla gives us a range of -99 to 99. With 23,000 trades/sec, wouldn't take much to rip through all of those. Need more captcha-Ned
p.s. Captcha yells at me with 3 -digits of a good answer. then takes it.
...or limit electronic trading to that which can be transacted off of electricity personally generated by Wall St. CEOs.
<insert williambanzai7 graphic here>
Pedal faster, Lloyd! You don't want me to have to taze you, bro.
Hey what happened to magical futures rise for sure bet pump POMO day? What the hell is goin on? Harry?
It is happening right now.
Typical...the criminal syndicate known as Wall Street, feeling how extended this market was, used 3:00 am E minis to set the buy signal at 1193. Done.
Perp walks. We will remain stuck in this mess until the syndicate is broken up.
P.S. And now here comes team propoganda, CNBC, to talk about how we are off our lows and on our way into a brave new bullish day.
G20:
"They pledged to shun competitive devaluations, a line addressing other countries' concern that the U.S. Federal Reserve's easy-money policy was aimed at weakening the dollar.
In a nod to emerging markets struggling to contain huge capital inflows, the G20 gave the okay to impose "carefully designed" control measures"
......and NO frontal attack on China....as predicted:
No attack on QE2 & no attack on China...arrangements that were apparently hammered out in Japan last weekend & the EMs can continue to fend off the big guys w/ currency controls.
Meaning a 100% totally ineffective dud - status quo & the slippery slope towards currency wars continues unhampered.
Charts
http://www.zerohedge.com/forum/99er-charts
Good luck, folks.
A lot of red faces in the Pentagon after the Chinese sub popped up undetected.
My face would be ashen white, not red.
It's not easy designing and making ultra-quiet propellers for submarines. If China has solved this, I'd be be very afraid.
Clinton sold them the technology for a new set of dishes.
Yea no doubt, and Bernanke and Geithners sphinters were so clenched I bet their usual evening activities were highly curtailed!
....and tell me again what that missile launch...er con trail off the coast of California was ?????
It's good to see someone else float the notion of a transaction tax. The way the pundits go apoplectic every time it gets brought up, tells me it's a great idea.
Something so obvious and simple is of course a radical threat.
Think they cant get around a tax? These clowns figured out a way to sell a mortgage 47 times!
CAPTCHA on every trade that goes thru any exchange, problem solved! And I'd love to see Geithner and Bernanke Abbot and Costello routine over a _ + -37 = -54.
"No, no it's "QE"; just try "QE"!!!"
There are some reasonable short-term arguments against, like the 6% drop in the Swedish market when they implemented theirs, but its the best way to keep speculators on the level without depending on porn-surfing goobers.
But how ridiculous do we sound? Our markets are both an efficient mechanism for allocating capital AND a crooked casino. Cause we're that smart.
($2.9T / $2.3T) * $78 == $98.34 (assuming OPEC can divide too)
revolution bitchez. It' smaking its way to the table as a viable alternative to th esame old BS:
http://www.youtube.com/watch?v=NIGras8tr3o
What's the deal with Fed's Tarullo comments today?
The Federal Reserve will adopt a "conservative" stance on any request from large bank holding to increase their dividends that were slashed during the financial crisis, Federal Reserve Board Governor Daniel Tarullo said Friday. The Fed will "soon be issuing supervisory guidelines applicable to such requests from the largest holding companies for the first quarter of next year," he said. The Fed will expect banks to submit convincing capital plans under a new stress test. Banks will also have to have a "sound estimate" of any significant risks not captured by the stress testing. They will also be asked to show how they will meet the Basel III capital requirements, Tarullo said in a speech at George Washington University.
http://www.marketwatch.com/story/fed-to-be-conservative-on-bank-dividends-tarullo-2010-11-12
a new stress test?
Quote of the day (from the bloomberg - HFT article):
"But liquidity is worth nothing if it goes away when it’s most needed, like a swimming pool that dries up just as you jump off the high dive. "
Krugman stunned deficit commission wants to cut deficit (NYT, h/t Fernando)
Krugman is an ADD idiot.
No one who is mentally stable, can espouse what he has for the past 2+yrs, and now start acting like the SEER of Oboombaland.
Sheeeesh, I want to hurl.
The Fed can produce new money, but it cannot produce new jobs. Fiscal policy — and its threat of overtaxing, over-regulating, and overspending — is what’s ailing the economy.
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