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Frontrunning: November 23

Tyler Durden's picture




 
  • Wave of debt payments facing U.S. government (NYT)
  • Jamie Dimon seen as good fit for Treasury (NYPost)
  • Goldman's response to questions about AIG (NYT)
  • Deficits and loose money should lead to higher gold (MarketWatch)
  • Gold hits record as dollar slips (Reuters)
  • Geithner's crisis sleepwalk is reason he must go (Bloomberg)
  • Aluminum bubble concerns mount as surplus may add 29%: enough aluminum in store to build 69,000 Boeing 747s (Bloomberg)
  • Bills yielding zero as stocks soar make 1938 moment (Bloomberg)
  • India's Reliance bids for Lyondell (BBC)
  • China asks its banks to slow down (NYT)
  • JAL seeks 40 percent pension payout cut for survival (Reuters)
  • Chinese are just like New Yorkers. They can't stop talking about real estate (Slate)
  • H1N1 deaths doubling almost every two weeks in Europe (Bloomberg)
  • New iPhone worm can act like botnet say experts (BBC)
 

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Mon, 11/23/2009 - 09:45 | 139218 LoneStarHog
LoneStarHog's picture

"Jamie Dimon Seen As Good Fit For Treasury" -- Yeah, just the way that Robert De Niro and Joe Pesci were great "fits" in the movie Casino; only this ain't no damn movie.

Mon, 11/23/2009 - 10:09 | 139235 Sqworl
Sqworl's picture

lol

Mon, 11/23/2009 - 09:58 | 139229 Screwball
Screwball's picture

Ron Paul on Squawk Box talking to Kernan, Liesman and Santelli about Fed and the bill.  Video should be up after 9 am.

Mon, 11/23/2009 - 10:04 | 139231 SWRichmond
SWRichmond's picture

The Bloomberg article on Timmy is an obit.  It's a done deal.

Mon, 11/23/2009 - 10:15 | 139240 Sqworl
Sqworl's picture

He will be rewarded with citi...

Mon, 11/23/2009 - 10:17 | 139241 Rainman
Rainman's picture

Sadly, Mickey Mouse could take the job at Treasury now and it wouldn't mean shit.

The damage is done. Stick a fork in the Dollar.

Mon, 11/23/2009 - 10:30 | 139259 TwelveTone
TwelveTone's picture

Re Bloomberg Geitner article. Nothing coming out of the American Enterprise Institute has credibilty. Where were these guys during the GWB years. If you answered "promoting dead ideas and looking the other way," you're right!

Mon, 11/23/2009 - 10:54 | 139275 earnyermoney
earnyermoney's picture

I disagree. The "Standup" section of the article clearly states Timmy's valuable role on the Obama team.

Mon, 11/23/2009 - 11:18 | 139315 Gordon_Gekko
Gordon_Gekko's picture

Yup. Sacrificial lamb. Come to think of it, the guy always looked like "shark meat"  to me. Unfortunately for the puppet masters though, the public is onto their game and it won't do jack to "calm" them. They are slowly but surely realizing that the Fed is the real criminal behind this mess.

Mon, 11/23/2009 - 10:05 | 139233 Anonymous
Anonymous's picture

Jamie Dimon for the Treasury??? Who comes up with this stuff? According to whom, he is a good fit.

What a joke

Mon, 11/23/2009 - 10:27 | 139252 E pluribus unum
E pluribus unum's picture

Now that John Gotti is dead, Jamie is the obvious choice.

Mon, 11/23/2009 - 10:14 | 139237 Racer
Racer's picture

And oh look at those futures soar, can't have more than a couple of down days at most now can we... got to get those silly shorters in out of hours pump

Mon, 11/23/2009 - 10:22 | 139247 Racer
Racer's picture

Trichet said some countries are in a "relatively favorable position" due to "wise and prudent" past management, while "others are already very close to losing credibility."

 

Now I wonder which toilet paper currency country he was referring to eh!

Mon, 11/23/2009 - 10:36 | 139262 Anonymous
Anonymous's picture

Just how much of the price of gold is attributed to the weak dollar and how much is pure speculation? Remember what the speculators did to the price of oil while blaming it on the weak dollar?

Mon, 11/23/2009 - 10:39 | 139263 tip e. canoe
tip e. canoe's picture

if there was ever a time to turn the ZH light from the squid to JPMoRock, NOW is the time.

Mon, 11/23/2009 - 11:04 | 139299 Anonymous
Anonymous's picture

When Paulson went to Treasury the question was "what's wrong at Goldman?" and I think he took care of it....now with Dimon it's "what's wrong at JPM?"....we'll see if he has the pull that Paulson had...

Mon, 11/23/2009 - 11:26 | 139325 stoverny
stoverny's picture

Wow those responses from Goldman to the NY Times are just too much...  my favorite quote is this:

"Even ignoring the collateral, it would have required multiple failures of large financial institutions for Goldman Sachs to have lost material amounts of money through lack of performance of our credit protection."

LOL I can imagine him and his colleagues laughing their asses off as he typed this.

Mon, 11/23/2009 - 14:08 | 139537 Anonymous
Anonymous's picture

Dracula seen as "good fit" to be new director of the Blood Bank.

Mon, 11/23/2009 - 18:56 | 139910 Anonymous
Anonymous's picture

G'day ZH - Good write up in the weekend edition of Australian Financial Review on financial bloggers; has ZH listed as one of the most prominent and controversial sites and credited you with exposing the HFT fiasco. No hatchet job by the AFR, if anything was supportive of the work done by financial bloggers. Many Aussies enjoy your posts; we hardly get in-depth analysis here, just a constant re-run of greenshoot stories and the marvels of China. Beers & Cheers…

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