This page has been archived and commenting is disabled.
Frontrunning: September 4
- Unemployment rate hits 9.7% (Bloomberg)
- Supertankers may halt oil trading as rates drop on supply glut, Frontline says (Bloomberg)
- HFTs dominate soon to be eliminated DXO ETF (Alphaville, h/t Lizzie)
- Zimbabwe to get $500 million in IMF loans (BBC)
- Milliseconds are focus in algorithmic trades (Reuters, h/t Adam)
- Fannie and Freddie face uncertain fate (FT)
- Debt clouds future of Miami's fabled Fontainebleau (WSJ)
- G20 plans for stimulus exit (FT)
- After fracas, RBS told not to use taxpayer capitalvto call sub debt (Bloomberg)
- Credit Suisse in preliminary talks to buy Mesirow $11 billion fund of funds (Bloomberg)
- Lehman downfall triggered by mix-up between London and Washington (Guardian)
- WTO poised to declare airbus aid illegal (FT)
- Insight: A matter of retribution (FT)
»
- 3119 reads
- Printer-friendly version
- Send to friend
- advertisements -
Anyone notice all of the revisions? Wonder how much AUG will be revised next month as well...
-Mike
Have to revise downward so when it swings upward you can lie more. Just like HFT it lies both ways. All data must conform to this model.
Lot of revisions....gotta love them. Glossed over by CNBC...
-Michael
Only Art Cashin mentioned b/d role in the NFP.
Leisman never touches it. In fact he denigrated the household survey (leads to unemployment rate) and said the NFP # is the number that matters.
Poor Zimbabwe, now they're really screwed. I wonder what the vig will be for their loan from the IMF; platinum, diamonds, water rights?
All of that, and more, when they can't pay it all back.
The local headlines over there will read "Loan from the IMF Z$5,000,000,000,000,000,000,000,000,000,000,000,000 to last through Spring 2010"
"The loans send a clear signal that unlike claims made by the central bank Governor Gideon Gono that the Zimbabwean dollar will soon be restored, the US dollar will remain the official currency."
LOL... its nice to know that the USD is the official currency of Zimbabwe... the USD has secured an apprenticeship with the Zimbabwean dollar on 'how to quickly and effectively devalue currency". Today 1 USD can buy 363.10 Zimbabwean dollars (ZWD)... any guesses on when we will they will be at par :-)
Exactly, Danz. Just when Zimbabwe couldn't get much worse, here comes the kiss of death. So you think you threw off the yoke of colonialism, do you, Mr. Mugabe?
Do they ever revise the # better than expected? These people are crooks. CNBC and even Santelli have to be on the take.
from the alphaville article:
"Lastly, it might also be of interest that EWT is signing itself up to be an authorised participant in the upcoming ETFS Gold Trust ETF, the new fund being launched by UBS to compete with SPDR Gold fund in the US. The other signed-up authorised participants will be Credit Suisse, Goldman Sachs, HSBC, JP Morgan, Merrill Lynch and Newedge."
Is it coincidence that as soon as Gillian Tett at the FT suggests retribution and more bankers ought to be locked up, that Goldman Sachs downgrades Pearson's the owner of the FT.
I cannot help wondering whether bank analysts views are causing a bias in the media, whether intentionally or not.
Black Bush
http://www.atimes.com/atimes/South_Asia/KI03Df02.html
Why did you post an article (algo trading/Reuters) that is almost two years old under the "front running" banner. makes you look completely out of touch.
How is the 2+ year old article on high frequency trading relevant? Nothing new to say?
this market is BS
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
suggestion:
when you mention 'unemployment reaches xxx' please qualify it with 'government released unemployment numbers reach xxx'
somehow, that subtle (as a freight train) difference seems important... :^)
keep it up folks!