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Frontrunning: July 26

Tyler Durden's picture

  • Frenemies: Two Greek Rivals Hold Nation's Fate in Balance (WSJ)
  • Obama Attacks Republicans over Debt Talks (FT)
  • Swift U.S. Action on Debt Needed in Global Interest: IMF (Reuters)
  • FHA May Be Next in Line for Bailout: Delisle and Papagianis (Bloomberg)
  • And the requisite NYT editorial piece: The Republican Wreckage (NYT)
  • Bank Lobbyists Push European Members to Support Greek Debt Rollover Plan (Bloomberg)
  • A Global Economy Held Hostage by Lehman (RCM)
  • Banks 'Safe from Debt Defaults' But the Days of Double-Digit Growth May Be Over (Australian)
  • Is Obama Wall Street’s Best Friend or Mortal Foe? (Bloomberg)
  • Coalition Braced for Stagnant UK Growth (FT)
  • Investors Agree to Buy €1.1bn BoI Shares (FT)
  • Geithner Urges Greek Finance Minister to Continue Reform (Reuters)
  • Downgrade Threat Looms (WSJ)

European economics news:

  • Germany GfK Consumer Confidence Survey for August 5.4 lower than expected Consensus 5.6 Previous 5.5 (Revised from 5.7)
  • France Consumer Confidence Indicator for July 86 higher than expectedConsensus 82 Previous 83
  • Switzerland UBS Consumption Indicator for June 1.48Previous 1.88 (Revised from 1.91)
  • Sweden PPI for June 0.1% mom -0.2% yoy lower than expectedConsensus 0.2% mom -0.1% yoy Previous -0.9% mom 1.0% yoy
  • UK GDP 0.2% qoq in line with expectations 0.7% yoy slightly lower than expectedConsensus 0.2% qoq 0.8% yoy Previous 0.5% qoq 1.6% yoy
  • UK Index of Services for May 1.6% mom higher than expectedConsensus 0.8% mom Previous -1.2% mom

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Tue, 07/26/2011 - 08:39 | 1493929 malikai
malikai's picture

Meanwhile, scalped tickets for Burning Man are up 2,200% to over $10,000 on Ebay.

Tue, 07/26/2011 - 08:55 | 1493950 hedgeless_horseman
hedgeless_horseman's picture

In similar news:

Pei Wei shrinks portions and even the size of the plates, but increases prices.  Lettuce wraps now laughably small...price not as funny.

Tue, 07/26/2011 - 08:53 | 1493968 tip e. canoe
tip e. canoe's picture

WOW.   unfuckingbelievable.   the end is definitely nigh.   

Tue, 07/26/2011 - 11:04 | 1494418 snowball777
snowball777's picture

A giant prayer meeting with Rick Perry.

A giant collection of wankers in the desert.

A giant collection of old people in Palm Beach.

Do we need an engraved invitation?

3 tactical nukes. Just sayin.

Tue, 07/26/2011 - 08:49 | 1493939 Careless Whisper
Careless Whisper's picture

The Morning Careless Whisper Report

School Color Codes Students By Ability; Must Wear Certain Color Clothes

Driver Of Train Involved In Crash "Detained"

2 Police Cars Chase Man Accused Of Stealing 1 Donut

Report: Los Zetas Drug Gang Bought Guns And Rockets From US Gov; Plans To Endorse Candidates In Mexican 2012 Election

Florida Sells Private Driver Info To Data-Mining Companies NexisLexis, ShadowSoft, Acxiom; One Cent Per Driver

Nascar Baptist Pastor Prayer Goes Viral; Thanks Lord For Dodges, Sunoco, and "Smokin' Hot Wife": Wife Laughs

Boca Raton Mayor Tells Residents To "Be Nice" Today 

NY Fireman A Hero Second Time






Tue, 07/26/2011 - 08:43 | 1493940 machineh
machineh's picture

Partisan newspapers used to incorporate party labels in their mastheads. 

So why doesn't the NYT, which obviously favors one branch of the ossified duopoly over the other one, rebadge itself as the New York Times-Democrat?

Then we'll have even more to celebrate when it goes bankrupt! ;-)

Tue, 07/26/2011 - 08:45 | 1493943 SWRichmond
SWRichmond's picture

Obama: Fuck You

NYT: Fuck You

IMF: Fuck You five times

A credit downgrade is the best thing that could happen to this place.  Reality intrudes.


Tue, 07/26/2011 - 08:50 | 1493955 goldfish1
goldfish1's picture


US cyber security chief quits

The head of the US body responsible for combating cyber-attacks has resigned unexpectedly following a string of online assaults on the CIA and other government agencies.

Randy Vickers, the director of the US computer emergency readiness team (CERT), stepped down on Friday, according to a Department of Homeland Security email obtained by the Reuters news agency.

According to Reuters, the email did not disclose any reason for Vickers's resignation. The Department of Homeland Security declined to comment. Vickers, director of CERT since 2009, will be temporarily replaced by deputy director Lee Rock.

Vickers's resignation follows a number of online attacks on government websites including the Senate, the CIA and the FBI. William Lynn, the US deputy defence secretary, revealed earlier this month that a foreign intelligence service had stolen up to 24,000 computer files from a Pentagon supplier in March – one of the largest successful cyber-attacks on a US government agency.

Tue, 07/26/2011 - 09:34 | 1494064 cosmictrainwreck
cosmictrainwreck's picture

DHS = Keystone Cops

CIA = Keysone Cops

NSA = Keystone Cops


This "government of the people, by the people and for the people shall [NOT] long endure"


Tue, 07/26/2011 - 08:53 | 1493969 goldfish1
goldfish1's picture
BP reports £3.2bn profit but production falls 11%

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karmete's picture

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