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Frontrunning: September 24
- CNBC's new pet blog is off to an unsurprising start: not only does it steal Zero Hedge stories without attribution, but apparently it discovered the entire correlation story - (NetNet). As a reference, Jeff, here are Zero Hedge's nodes on implied correlation going back into 2009, and here is our Nicholas Colas post. But yes, we also were very shocked someone out there read this to begin with. So keep stealing guys, nobody will catch it.
- Two quotes of the day: "Irish debt agency CEO not worried about daily swings in bond spreads" and "Irish Finance Minister says concerned by yields in recent debt sales "
- China Will Focus On Peaceful Development: Wen (China Daily)
- China Takes Lead In Financial Deals (FT)
- Spat Tests Japan's New Government." (WSJ)
- Eurozone Crackdown On Public Finances (FT)
- Spain Under Pressure to Show `Hair Shirt' Budget as Yields Rise (Bloomberg)
- Bank of England Case for More Stimulus Looking `Less Certain,' Barker Says (Bloomberg)
- Obama Urges Wen to Act Over Renminbi (FT)
- Floyd Norris on SEC: Seeking to Protect Investors (NYT)
- Former Fed Chief Volcker `Not Worried' About Deflation (Bloomberg)
- The real BP lesson: Oil is killing us (USA Today)
- Peter Foster on Wall Street 2: Clunky sequel is Stone dead (Financial Post)
- Fed Dissenter Hoenig's Campaign Against Easy Credit Has Roots in Prairie (Bloomberg)
- Roubini Says U.S. Payroll Tax Cut Would Spur Jobs (Bloomberg)
Economic highlights:
- Germany Import Price Index for August 0.2% m/m 8.6% y/y - lower than expected. Consensus 0.3% m/m 8.7% y/y. Previous -0.2% m/m 9.9% y/y.
- Germany IFO - Business Climate for September 106.4 – in line with expectations.Consensus 106.4. Previous 106.7.
- Germany IFO - Current Assessment for September 109.7 - higher than expected.Consensus 108.7. Previous 108.2.
- Germany IFO - Expectations for September 103.9 - lower than expected.Consensus 104.0. Previous 105.2.
- France Gross Domestic Product for Q2 0.6% q/q 1.7% y/y – in line with expectations. Consensus 0.6% q/q 1.7% y/y. Previous 0.6% q/q 1.7% y/y.
- France Wages for Q2 0.4% q/q – in line with expectations. Previous 0.4% q/q.
- Italy Retail Sales s.a. for July 0.0% m/m 1.7% y/y - higher than expected.Consensus -0.2 m/m 0.0% y/y. Previous 0.3% m/m 0.5% y/y.
- Sweden PPI for August -0.5% m/m 1.3% y/y - lower than expected. Consensus -0.4% m/m 1.4% y/y. Previous 0.1% m/m 1.0% y/y.
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CNBC blog? You have to be joking, right? I can't say I surprised that they are stealing ZH material. If I owned ZH I think I would want to put my foot in the ass of that blog for not giving a mention. It took me less than 1 minute looking at the CNBC blog to determine I won't be spending any time there. Commerical ass garbage blog....
Who would have known if ZH didn't tell us. They have a blog, Why? Aren't the bobble head dolls enough
Got ALL I need right here. Won't even waste my time to look. My time is worht more.
hmmm, apparently if you are a blog backed by grossgross TV commercial and a network with ratings that tend to equal NYSE volume (plunging), then you don`t have to worry about attribution.
you mean, it isn`t pure genius to write a 2 paragraph story about geithner being out if the dems lose badly in november, but rather self evident to anyone with half a brain?
cnbc's "commercial revenue department" will be getting hammered with back outs after that little slip by Mr Kernen.
Their retail viewers can be added to the correlation trade :>
Doubt this will be on their site later :
Tepper to CNBC: What's your viewership?
http://www.youtube.com/watch?v=V8P9OjSsRYA&feature=player_embedded
Tepper was interesting to listen to. Even though he was talking his own book. Beware, don't eat the whole apple.
But Kermit really flagged his patrons that no one is watching.. Hehehehehehhaaaaaaaaa.
No, a mixture of sycophancy and turrets caused him to disclose CNBC's directive from up-high. That is -- CNBC's purpose is to drive volume on the NYSE.
Sue GE...
They are trying to pretend to be unbiased and relevant by stealing your material? Let them steal, it's all they and their owners know how to do.
Come on Tyler et al. - have some fun here. CNBC isn't fooling anyone here anyway.
This is just begging for an Apple-guy/PC-guy parody video...
Look Mr. Durden! I've duct-taped snappy blog content onto my empty shirt!...
stealing another man's work is the elite's way of entitled living. the fed does it daily. many of us hoi poloi work our tails off to make enough "currency" to pay our bills. but the fed punches a few buttons on a key board and creates "currency" for themselves and friends.
as with the fed so goes cnbs.
+1
2x +1
re: Floyd Norris on SEC - NYTimes. new rules say that market makers will no longer be able to post a bid of one cent if the stock is currently trading at one hundred dollars. thanks SEC. reform we can believe in.
Tyler et al. if those Mf'ers at CNBC don't attribute your stories to you DON'T GIVE THEM A DO-FOLLOW link back to their site!!! Don't give them the link-juice! (you guys need an SEO guy so you can focus only on what you do.....)
Good point but at the same time I damn sure wasn't going to click on those bastards.
Skippy is planing to hang out at CNBC's new blog whilst sharpening my old gurkha knife...in plain view.
Skippy...best piece of gear I ever acquired...life saver.
yeah but the bots go thru, and they give a slice of ZH's A-1 Authority on all-things-finance to CNBC.
Just one do-follow link from this site is worth, well maybe nothing $-wise in the big picture to GE, but it's too valuable for ZH to just give away. It's the principle, and esp terrible in the context of CNBC scraping ZH AND not doing their own research.... that should at least be a no-follow link. Guys like me would die for a do-follow link from ZH!
see Tyler, this post shows your top notch class. Simply pointing out the Plagiarism and once again, showing your readers that CNCB is one big fucking joke. My point about your class is that you are not a baby about it like 99% of other people would be....you roll your eyes BECAUSE YOU KNOW WE ALL KNOW THE TRUTH. YOU KNOW THAT FUCK READS THIS SHIT AND SPEWS IT AS NEW.
why dont they have you on as a guest?
"you want the truth??"
"WE CANT HANDLE THE TRUTH!"
Day late and dollar short cnbc.....
Spain to wear the Shirt of Pubes so boldly referenced in last night's 30 Rock
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