• "Greek Crisis Is Over, Region Safe" Prodi Says, I say Liar Liar Pants on Fire!
    Reggie Middleton
    03/15/2010 - 13:52
    Sometimes I truly wonder if those who make broad proclamations of "the coast is clear", "everybody is safe", and "all is calm on the western (European) front" ever took the time to glean the facts and evidence before makings such a proclamation. Here is HARD evidence that easily shows that the Greek crisis is FAR from over. I welcome anyone and everyone to challenge the evidence and/or prove otherwise.
  • China's Fragile Economy, Its Housing Bubble, and What It Means To Us: Part I
    Econophile
    03/15/2010 - 13:28
    We think that China is an indestructible economic juggernaut but its economy is very fragile and it is sitting on a property bubble which will burst. What China does in response has major implications for their economy and the rest of the world. This is the first part of a three-part series on this topic.

Frontrunning: November 5

Tyler Durden's picture
Submitted by Tyler Durden on 11/05/2009 09:02 -0500



  • This is just the beginning: Bank of England extends Quantitative Easing by 25 billion pounds to 200 billion, holds rates steady, wishes it could push rates to -50% (Reuters)
  • ECB holds rates, clues on withdrawal sought (Reuters)
  • No Solitaire was played in Q3 - worker productivity jumps 9.5% in Q3, while unit labor costs fall 5.2%, in other news, this year your bonus is your job, like last year (Bloomberg, AP)
  • From the wrist slap department: UBS fined 8 million pounds by UK regulator for unauthorized trades (Bloomberg)
  • Professor Colander tells Congress economic models are flawed (Wall St. Cheat Sheet)
  • John Crudele: Obama's gibberish on jobs makes my job easy (NY Post)
  • Japanese investors saying "no thanks" to government bonds (Seeking Alpha)
  • JPMorgan deal arranging Alabama swaps provided payoffs including Rolex watches, designer clothes and cash (Bloomberg)
  • India shows hedge fund savvy with gold buy (Bloomberg)
  • RIMM buying back $1.2 billion in shares as growth slows, Apple keeps eating lunch (Bloomberg)
  • In other UBS news, the bank gets fewest "buy" ratings as analysts fret over fleeing clients (Bloomberg)
  • Jobless claims fall to 512,000 as exhaustion rate keeps accelerating (Bloomberg)
  • Where did the money go? (FinReg21)
  • Consumer spending: slow growth - not no growth - ahead (Morgan Stanley)

 

5
Your rating: None Average: 5 (1 vote)

»


by PolishHammer
on Thu, 11/05/2009 - 09:39
#120748

Take it from an insider, economic research done in academia is more fraudulent than all the CDS written by AIG.

School budgets bloated by easy access to student loans has produced a perverse system of incentives.

 

by Anonymous
on Thu, 11/05/2009 - 09:39
#120749

Max Keiser on GM: US predators sacrifice workers as lambs

http://tinyurl.com/ygfmdhw

by anynonmous
on Thu, 11/05/2009 - 09:39
#120750

some thoughts on productivity and perhaps a view to the future for American workers

 

http://www.cornellsun.com/node/39250

by mdtrader
on Thu, 11/05/2009 - 09:42
#120751

And sterling went up initially! On top of that I just got a cold call offering mortgages. They are back! Housing Bubble 2.0

by Anonymous
on Thu, 11/05/2009 - 10:20
#120779

Mortgages?..looks like we'll be the renter society...

man those bankers made out like bandits..

securitized principal...fees up the wazoo...reimbursed for loss...subsidized for leverage...back stopped on risk....

now they'll annuitize your future...

so much for HAMP....looks very DAMP

Fannie Mae to rent out homes instead foreclosing

http://finance.yahoo.com/news/Fannie-Mae-to-rent-out-homes-apf-3320393724.html?x=0

by tj3
on Thu, 11/05/2009 - 10:02
#120765

"The models are useful and were useful at some point, but they quickly lost their usefulness.  In order to make them manageable they had to use so many assumptions that they deviated so far from reality and ultimately stopped shedding light on reality."

restated : Validity of an model (or idea/concept) drops off the further one goes from the core.

http://wallstcheatsheet.com/knowledge/medal-of-honor-professor-david-col...

by bruce wayne
on Thu, 11/05/2009 - 10:01
#120766

Maybe the BOE is going to save the entire Euro Zone?

http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/4-05112009-AP/EN/4-051...

 

by Gilgamesh
on Thu, 11/05/2009 - 10:08
#120770

Kimco offering today's green shoot to spur the mall REITs to new highs:

http://www.reuters.com/article/marketsNews/idCNN046507020091105?rpc=44

NEW YORK, Nov 4 (Reuters) - Kimco Realty Corp (KIM.N), the largest U.S. strip mall owner and developer, reported a 36-percent drop in quarterly funds from operations, hurt by lower occupancy and stores vacated by bankrupt retailers.

The company, which also lowered its forecast for the year, reported late Wednesday that third-quarter FFO fell to $112.6 million or 30 cents per share, compared with $176.9 million, or 68 cents per share in the year-earlier period.

by jimcg
on Thu, 11/05/2009 - 10:51
#120801

Most of the sector, at this moment, including KIM, is down to flat in response. Think that most non-Zombies already know that they are a "little" overextended?

by Gilgamesh
on Thu, 11/05/2009 - 11:16
#120831

Not sure we're seeing the same quotes.  Everything else green, many of them by multiple %s.

by curbyourrisk
on Thu, 11/05/2009 - 10:18
#120776

If Japanese investors are not willing to buy their own government debt......why would they buy ours?  I know thier banks are and have been zombies for a long time....but Japanee pride actually runs a lot deeper and stronger than ours here in the states (which really does piss me off).  Japanese default within 18 months........and closing in!

by Rusty_Shackleford
on Thu, 11/05/2009 - 10:56
#120806

John Crudele's article is great.  Thanks for the link.

 

by tip e. canoe
on Thu, 11/05/2009 - 13:03
#120993

no mention in the gloomberg article what currency india used to buy the gold.

guess it's not important.

by tip e. canoe
on Thu, 11/05/2009 - 13:23
#121026

humble addition, 420 edition:

http://online.wsj.com/article/SB125736987377028727.html

look at those plants!

growing pot on the reservations -- now that's change i can believe in...

Comment viewing options

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