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Frontrunning: October 11

Submitted by Tyler Durden on 10/11/2010 08:36 -0400

Foreclosure Freeze May Slow U.S. Homebuyers on Legal Worry (Bloomberg, WSJ)
Currency Rift With China Exposes Shifting Clout (NYT)
Obama has the book thrown at him: Moment a missile narrowly misses U.S. President's head (and what's with the naked man?) (Daily Mail)
No Margin of Safety, No Room for Error (Hussman)
Greece to be bankrupt longer than expected as IMF to extend loans (Bloomberg) even despite Germany's ongoing protests (Bloomberg)
Here comes the $100 porterhouse (Bloomberg)
Currency wars are necessary if all else fails (Telegraph)
Even $21 Billion Won't Get You a Greek Island Amid Red Tape (Bloomberg)
Goldman director's wild parties riles co-op board (NYPost)
Rally leaves financials behind (WSJ)
Winners of Nobel Prize in economics announced (Nobel Prize)
First mover: Switzerland gets extra tough with its banks. Others will follow (Economist)
Signing Bonuses Haunt Wall Street (WSJ)
Netflix vs Blockbuster: the next level (New Yorker)
The Federal Reserve Board has lost its mystery (NYPost)
Fed Easing No Long Term Fix for Structural Unemployment (Bloomberg)
And the unintended joke of the day comes as usual from Krugman: "There never was a big expansion of government spending" (NYT)

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Mon, 10/11/2010 - 08:43 | 640563 snowball777

Goldman director's wild parties riles co-op board...

Translation: Richard Kimball needs to spend tens of thousands just to get a date.

Mon, 10/11/2010 - 08:51 | 640575 Careless Whisper

apparently it's another case of a wall street bankster managing to convince people that he is going to be an above board good citizen, until he's not.

Mon, 10/11/2010 - 08:45 | 640564 Djirk

Kimball should invite some NYPD so they can enjoy their pension money.

Mon, 10/11/2010 - 09:41 | 640666 LeBalance

Cold, true...but cold.

Mon, 10/11/2010 - 08:48 | 640569 yuri82

Bancor, bitchez!

Mon, 10/11/2010 - 08:50 | 640573 Oligarchs Gone Wild

Tyler -

Possible guest post?

http://kunstler.com/blog/2010/10/bank-shot.html

Mon, 10/11/2010 - 08:59 | 640583 Cult_of_Reason

Massive staff exodus from Obama White House likely not an omen of good things to come ...

http://i56.tinypic.com/2eoh274.jpg

More senior staff including defense secretary Robert Gates, senior adviser David Axelrod, and national security adviser James Jones leave their jobs.

http://www.guardian.co.uk/world/2010/oct/10/white-house-staff-quit

Mon, 10/11/2010 - 09:01 | 640588 PlausibleDenial

HFT as seen on 60 minutes. Not much of a CBS person but this was fairly informative. Senator Kaufman and John Stewart's brother.

http://www.cbsnews.com/video/watch/?id=6945166n

Mon, 10/11/2010 - 09:02 | 640591 eigenvalue

Actually I think Mr Obama should appoint Mr Krugman to replace Summers. Then the Keynes Myth would be debunked sooner and all the banksters would be jailed earlier.

Mon, 10/11/2010 - 09:44 | 640673 LeBalance

Obama's ZH wet dream economic advisers: Marc Faber, Max Keiser, Tyler Durdens, Jim Willie, William Black, etc.

Never ever ever happen.

That or they would all be taking dirt naps inside 48 hours.

Now back to our regularly scheduled week of PMs to da Moon.

Or da Buzz LightYear Quote!

Mon, 10/11/2010 - 09:15 | 640612 The Rock

Man, that would've been funny if that book would've bopped him upside his crooked head! Quick! Someone make a video game!

Mon, 10/11/2010 - 09:45 | 640676 LeBalance

Stasi be on your ass so fast for even the suggestion. :)

Mon, 10/11/2010 - 09:17 | 640617 Dixie Normous

The $100 porterhouse story is a gross underestimate.

Mon, 10/11/2010 - 09:23 | 640630 Bill Lumbergh

John Hussman obviously understands the situation:

"The short-term tendency in such conditions tends toward small advances to repeated marginal new highs, often followed abruptly by a steep 'air pocket' that wipes out weeks or months of progress in the span of a few days."

Mon, 10/11/2010 - 09:38 | 640661 tip e. canoe

that foto of the woman throwing up her hands to avoid facing the naked man in her midst pretty much says it all. wonder what she's going to do when she discovers that the emperor is not wearing any clothes either?

Mon, 10/11/2010 - 10:18 | 640730 Dantzler

Grass fed beef is superior in flavor to corn fed beef. Perhaps this will give those cattle raisers a boost?

"King Corn" is an interesting documentary that follows how corn percolates through the economy.

http://www.imdb.com/title/tt1112115/

Among other things, a vet in the movie claims that a corn diet is actually bad for steers and that they would die from the effects of a high corn diet if it weren't for being slaughtered first. From an economic perspective, the movie also shines light on other larger roles corn plays in our economy and thus hints at the ramefications of a much higher corn commodity price.

I don't eat meat that often, but when I do I prefer grass fed cows preferably from my home state. Porthouse is one of my favorite cuts.

Wed, 10/27/2010 - 08:17 | 680027 daniel

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Wed, 11/10/2010 - 04:09 | 715270 cheap uggs for sale

Thu, 11/18/2010 - 03:34 | 737097 meichou

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Frontrunning: October 11

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