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Frontrunning: November 9

Submitted by Tyler Durden on 11/09/2010 09:31 -0400

Fed Global Backlash Grows (WSJ)
Warsh Says Federal Reserve's Asset Purchases May Fail to Benefit Economy (Bloomberg)
The HFT parasites are back in full force: High-Frequency Traders Lobby, Donate to Head Off U.S. Rules (Bloomberg)
China to Tighten Control on Inflows of Overseas Funds (Bloomberg)
Goldman Faces Lawsuit Over $1.2 Bln Hudson CDO Deals -Filing (WSJ)
Ireland's Next Blow: Mortgages (WSJ)
One Law for the Rich, One Law for the Poor: The new foreclosure crisis reveals the shocking unfairness in how the law treats struggling homeowners (Stiglitz)
Goldman, Natixis Fight Over Swaps Deal Goes to Trial in London (Bloomberg)
A Recipe for Fascism (TruthOut)
Palin's Dollar, Zoellick's Gold (WSJ)
Culture of strategic defaults places strain on new lending (NJBiz)
Schäuble's spokesman quits after public spanking (The Local)
BP May Pay Billions for `Missed Signals' That Led to Disaster (Bloomberg)
China To Maintain Rare Earth Exports Next Year (China Daily)
On Wall Street pay is the problem, again: Commentary: Risk-taking still gets rewarded (MarketWatch)
Papaconstantinou Says EU Cuts May ‘Choke Off Growth’ (Bloomberg), so it's the "budget cuts" fault now?
For U.S., free-trade agreement could be backdoor to China (WaPo)

Econ Highlights:

Germany Consumer Price Index for October 0.1% m/m 1.3% y/y – in line with expectations.Consensus 0.1% m/m 1.3% y/y. Previous 0.1% m/m 1.3% y/y.
Germany CPI - EU Harmonised for October0.1% m/m 1.3% y/y – in line with expectations.Consensus 0.1% m/m 1.3% y/y Previous 0.1% m/m 1.3% y/y.
France Bank of France Bus. Sentiment for October 103 - higher than expected.Consensus 102. Previous 102.
France Central Govt. Balance (Euros) for September -124.2B.Previous -122.1B.
France Trade Balance (Euros) for September -4.7B - lower than expected.Consensus -3.9B. Previous -5.0B.
Switzerland SECO Consumer Confidence for October 7 - lower than expected.Consensus 17. Previous 16.
UK RICS House Price Balance for October -49.0% - lower thanexpected. Consensus -39.0%. Previous -36.0%.
UK Visible Trade Balance GBP/Mn for September -£8828 - lower than expected.Consensus -£8000. Previous -£8473.
UK Trade Balance Non EU GBP/Mn for September -£4590 - lower thanexpected.Consensus -£4500. Previous -£4464.
UK Total Trade Balance (GBP/Mln) for September -£4570 - lower than expected.Consensus -£4500. Previous -£4889.
UK Industrial Production for September 0.4% m/m 3.8% y/y – in line with expectations.Consensus 0.4% m/m 3.6% y/y. Previous 0.4%m/m 4.3%y/y.
UK Manufacturing Production for September 0.1%m/m 4.8% y/y - lower than expected. Consensus 0.2% m/m 4.9% y/y. Previous 0.4% m/m 6.1% y/y.
Japan Money Stock M2 2.7% y/y - lower than expected. Consensus 2.8% y/y. Previous 2.8% y/y.
Japan Money Stock M3 2.0% y/y – lower than expected. Consensus 2.1% y/y. Previous 2.1% y/y.
Japan Bank Lending Banks Adjust -1.7% y/y. Previous -1.6% y/y.
Japan Bank Lending Ex-Trusts -2.0% y/y. Previous -1.8% y/y.
Japan Bank Lending Incl Trusts -1.9% y/y. Previous -1.8% y/y.
Japan Current Account Total ¥1959.8B – higher than expected. Consensus ¥1684.3B. Previous ¥1114.2B.
Japan Adjusted Current Account Total ¥1661.3B – higher than expected. Consensus ¥1273.4B. Previous ¥1179.0B.
Japan Trade Balance (BoP Basis) ¥926.9B – higher than expected. Consensus ¥876.9B. Previous ¥195.9B.

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Tue, 11/09/2010 - 09:34 | 711415 Clapham Junction

OFF TOPIC, SORRY....

WILL SOMEONE PLEASE TEACH THAT CUNT ON CNBC HOW TO CALCULATE FAIR VALUE!

Tue, 11/09/2010 - 10:05 | 711482 MeTarzanUjane

Easy

http://www.indexarb.com

Tue, 11/09/2010 - 09:44 | 711432 snowball777

"The top recipients include Eric Cantor, set to become House majority leader, and several incoming senators who won in last week’s Republican rout."

Translation: the TeaParty is dumber than a box of rocks.

Tue, 11/09/2010 - 09:57 | 711466 the not so migh...

Cantor is a crony. The supoenas will be flying back and forth. Crook against crook.

Tue, 11/09/2010 - 09:51 | 711447 kathy.chamberli...

EST bitch, just in time for frontrunning†

Tue, 11/09/2010 - 09:55 | 711460 snowball777

PST, represent!

You're 3 hours late.

Tue, 11/09/2010 - 09:54 | 711454 snowball777

"France Bank of France Bus. Sentiment for October 103 - higher than expected."

Somebody missed a memo...

http://www.youtube.com/watch?v=2C5ZkBcVnPI

Tue, 11/09/2010 - 10:09 | 711494 Careless Whisper

meet crystal moore, the latest citi patsy. apparently set-up to take the fall for fraudulent mortgage docs. clueless. what did she study during her 1 year at college? "nuthin", which makes her qualifed to be a vice-president of citi, although she freely admits at her deposition that she wasn't a real vice-president. (@ 4:25) she was obviously used and abused by the real criminals.

http://www.youtube.com/watch?v=l1aGT-8WwTc

Tue, 11/09/2010 - 10:10 | 711496 MeTarzanUjane

Parasitic acid:

http://www.careerjet.com/search/jobs?s=algorithmic

Evolve or parish

http://www.amazon.com/Quantitative-Trading-Build-Algorithmic-Business/dp...

The robots have taken over.
http://www.forumpostrobot.com

Wed, 11/10/2010 - 06:18 | 715614 cheap uggs for sale

Frontrunning: November 9

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