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Frontrunning: October 1
- Shocker: Euro falls after Trichet says "sharp currency moves have
an adverse effect" - Bernanke seen buying a carton of Midol Lights (Bloomberg) - Jobless claims rise more than expected (Bloomberg) as Americans spend more of their soon to run out unemplopyment checks (Bloomberg)
- Weil: Banks have us flying blind on depth of losses (Bloomberg)
- CIT may pit bondholders against each other with debt swap offer (Bloomberg)
- BAE Systems faces corruption charges over weapon sales to Africa and Eastern Europe (NYT)
- IMF just can't hide its optimism (Bloomberg)
- Third quarter was a bed of roses on Wall Street, but thorns lurk (LA Times)
- Naftogaz Ukraine cut to "restricted default" after missed Eurobon payment (Bloomberg)
- RBS, Lloyds send "shocking" $4.4 billion to Irish units (Bloomberg)
- Wall Street needs more sking in the game (WSJ)
- Last week's G-20: does it matter? (Cumberland Advisors)
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How startling that must have been for Rosenberg to see two black swans after warning everyone of a potential black swan event around the corner.
If this doesn't cause Rosie to dig in his heels even more, I don't know what will. Only an apparition of BB's face in a burning bush could be more telling.
Trichet! One should always have a good French whore.
Even better: Strauss-Kahn (IMF), Pascal Lamy (WTO) are both French too.
Wall Street needs more sking in the game
WRANG !!!!! what WS need is less pompous assholes and failed-in-everything-else-except-legalized-theft-of-other-people-money personas ( and i don't want to hear a peep how WS bankers make world go round; they dont, people MAKING AND PRODUCING STUFF do that ). Damn, i hate WS ...
How true CB but TPTB have done a very good job convincing us that as long as the parasite is healthy the host will recover.
Well put.
Re: IMF
Agency that deals with governments optimistic about government spending shock!