Google translated for most impact: "today the agency " Interfax-Ukraine" reported, citing a source in the Defense Ministry of Ukraine , that the commander of the Black Sea Fleet of Russia Alexander Vitko an ultimatum Ukrainian soldiers in the Crimea . According to the source agency , if, prior to 5:00 am Tuesday Ukrainian soldiers " do not give up , start a real assault units and parts of the Ukrainian Armed Forces around the Crimea." The official representative of the Russian Defense Ministry called Message agency " utter nonsense " and said that any ultimatums Ukrainian military in the Crimea was not put."
With the UN Security council set to meet in a closed-door session at 3 pm and discuss the ongoing crisis in the Ukraine, here are all the latest news out of the Crimean, where so far things have been tense if without violence.
In investing you have opportunities that open up because dogmatic investors say “I don’t do ... ”
- Yuan suffers biggest weekly loss as PBOC punishes speculators (Reuters)
- Euro Gains as Bonds Decline With Stocks on Inflation Data (BBG)
- Biggest Sovereign Fund Forced to Sell Stocks as Mandate Breached (BBG)
- Because we don't already have enough fried foods.. (Reuters)
- Putin: Russia to Consider Aid to Ukraine (AP)
- Wall Street Hates JPMorgan Fee for $1 Trillion Junk Loans (BBG)
- Yellen Sticks to Plan Amid Weather Doubts (WSJ)
- U.S. Retail Chains See First Profit Decline Since Recession (BBG)
- European Bonds Surge on Slowing German Inflation, Ukraine Tumult (BBG)
- Ukraine tensions hit shares (Reuters)
- Debating Geithner’s Appearances in 2008 Transcripts (Hilsenrath)
- Tensions in Asia Stoke Rising Nationalism in Japan (WSJ)
- GM Investigated Over Ignition Recall Linked to 13 Deaths (BBG)
- Smartphone wars shift from gadgetry to price (Reuters)
- Some Companies Alter the Bonus Playbook (WSJ)
- London’s Subterranean Luxury Manors Lure New Breed of Lenders (BBG)
- Japan No Country for Old Farmers as 7-Eleven Takes Plow (BBG)
- Dream of U.S. Oil Independence Slams Against Shale Costs (BBG)
- California couple finds $10 million in buried treasure while walking dog (Reuters) ... not bitcoin?
- Dimon Says Threats to JPMorgan Span Google to China Banks (BBG)
- Stocks So Many Love to Hate Buoyed by Fed’s Jobs Priority (BBG)
- White House Weighs Four Options for Revamping NSA Phone Surveillance (WSJ) ... to pick the fifth one
- Credit Suisse Executives Weren’t Aware of U.S. Tax Dodges (BBG)
- Militias Hunt Kiev Looters From Central Bank to Bling Palace (BBG)
- Crisis Gauge Rises to Record High as Swaps Avoided (BBG)
- Obama to Propose Highway-Repair Program (WSJ)
- Ukraine Pledges to Protect Deposits as Kiev Rally Called (BBG)
"The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of..." - 1928
As a society we have fallen asleep at the wheel. We’ve allowed ourselves to be lulled into complacency, distracted by minutia, mesmerized by technology, turned into consumers by corporations, pacified by financial gurus and Ivy League economists, and fearful of our own shadows. Surveillance, censorship and propaganda are the tools of the oppressive state. Free speech and truthful revelations about the Deep State are a danger in the eyes of our oppressors.
Fundamentally oriented investors tend to think that quants, like blondes, have all the fun. As ConvergEx's Nick Colas notes - it all looks like easy money - scalping trades with lightning fast computers, front running news with preferential access to press releases, or managing leveraged portfolios with thousands of small but profitable positions – but quants face their own significant challenges. Finding common rule sets that work in a wide array of stocks is not easy, and markets adapt quickly to close opportunities that seem historically profitable - the number of potential signals is seemingly endless; and regulators are now aware of quantitative investing and, in some cases, don't like what they see. Here are 10 reasons why why "it's not easy being a quant."
It continues to amaze us how people are completely ignoring what appears to be an incredible amount of shadiness inherent in Facebook’s business model. Whether or not this is intentional click fraud, it is clear that advertisers are not getting what they think they are getting. They won’t be fooled forever, and once they wake up to the money being wasted on fake “likes” and “clicks,” We're curious to see what happens to their revenue... This will all be exposed by the market sooner or later. I’m just shocked it is taking so long for people to put two and two together.
The new normal has morphed from a slow-to-no recovery to a "strong" recovery hampered only by bad weather. When data is bad, it's "due to bad weather;" when data is good, it's the recovery... As Google 'quantifies' below, bad weather is 83 times more worrisome than good weather is positive...
It’s like 34 drunken sailors holding each other up. That’s the best way I can think of to describe the latest product from the good idea factory that is the OECD. Over the weekend in yet another cushy five-star hotel, representatives from this unelected supranational bureaucracy announced plans for world governments to exchange all their citizens’ tax and financial data with one another. It’s a pathetic display of exactly the sort of tactics that governments embrace when they go broke. And most of these OECD countries ARE broke – Italy, Japan, the US, Spain, Greece, etc.
880 grams at a time...
Two pieces of business news announced this week provide a convenient frame through which to view our dysfunctional and distorted economy. The first (which has attracted tremendous attention), is Facebook's blockbuster $19 billion acquisition of instant messaging provider WhatsApp. The second (which few have noticed) is the horrific earnings report issued by Texas-based retail chain Conn's. While these two developments don't seem to have much in common, together they shed some very unflattering light on where we stand economically.
- RBS plans dramatic scaling back, to fire 30,000 of its 120,000 workers (FT)
- Zuckerberg’s Data Stance Faces Privacy Backlash in Europe (BBG)
- WhatsApp Shows How Phone Carriers Lost Out on $33 Billion (BBG)
- Markets flooded with cash, should Fed prep to stamp out risk? (Reuters)
- Venezuela threatens to expel CNN over protest coverage (BBC)
- Firm Stops Giving High-Speed Traders Direct Access to Releases (WSJ)
- Obama Budget to Delete Proposal to Limit Social Security (BBG)
- Energy Holdings Prepares for a Breakup (WSJ)
- EU Struggles to Streamline Bank-Failure Plan for Weekends (BBG)
- Madoff said JPMorgan executives knew of his fraud (Reuters), and JPM admitted as much when it settled with the DOJ