Frontrunning: August 17

Tyler Durden's picture

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hugovanderbubble's picture


For Zh


How can all Italian banks passed the Stress banks with Current Valuations...Magic...

France is Not AAA Rating Country 100% sure

Neither UK

lizzy36's picture

Wells Fargo is the better bank. Why or what the means, no clue.

But the "better bank".

My guess is only if one uses Bank of America as the benchmark.

Snidley Whipsnae's picture

Best looking horse in the glue factory...

Careless Whisper's picture

They seem to have the best, most exclusive, money laundering department of any bank. Very good profit center.



hugovanderbubble's picture

So Explain me hows possible that spanish banks quotes at 0.7x  PxBV with all those Hidden debt troubles.

Silverhog's picture

Thank you Wells Fargo for warning the public about a Gold bubble. With such a scum bag outfit like you issuing a warning. I know I'm safe making another purchase. 

Careless Whisper's picture

The Morning Careless Whisper Report

NY Supreme Court Judge Tells Druckman Lawyers And US Bank; You Will Pay For Tricks, Purjury, And Fraud In My Court

Soros: Germany Must Take Care Of Europe, China The World,1518,780189,00.html

England One-Ups North Korea: Frat Boys Get 4 Years In Prison For Facebook Post

Black Op Fast And Furious Ties To 11 More Violent Crimes,0...

Feds Seize Money Coming IN To The Country$100K-from-travelers-at-Detroit-Metro

US Military Super Computer Uses Chips Tied To China Military




Snidley Whipsnae's picture

"Putin sets sights on Eurasian economic union"

This is the dreaded outcome for Anglo America... Research on a Eurasian bond was first completed by Halford Mackinder and published as the 'Heartland Theory' and in various other works by Mackinder... He was very influential and it is sometime suggested that Mackinders work led to both World Wars...for they were attempts to stop a Eurasian bond forming.

See Halford Mackinder wiki...

See Hearland Principle wiki...

in 1919, Mackinder summarised his theory as:

"Who rules East Europe commands the Heartland;
who rules the Heartland commands the World-Island;
who rules the World-Island controls the world."
Jim B's picture

I started to read the Vincent Reinhart piece, but when he started the bit about us being on the brink of default a couple of weeks ago, I quit!  What an ill informed dunce! 

A far as Wells Fargo's concern about a gold bubble, and the US is not a fiat ponzi?

Snidley Whipsnae's picture

Reinhart may be many things but 'dunce' is not among them...

Cdad's picture

Funniest corporate news of the day about Abercrombie and Jersey Shore:

Abercrombie says a connection to The Situation goes against the "aspirational nature" of its brand and may be "distressing" to customers. The Ohio-based retailer says it has offered a "substantial payment" to Sorrentino and producers of the MTV show so he'll wear something else.


Careless Whisper's picture

bwahahahaha. The Situation is the Carl Icahn of reality shows. 

goldfish1's picture

Gold bubble? I know very few who have gold. Nah, methinks bloomberg is the mouthpiece of sauron.