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Frontrunning: November 28
- Welcome LSAP: Dealers See Fed Buying $545B Mortgage Bonds (Bloomberg)
- And more central planning: Central Banks Ease Most Since 2009 to Avert Contagion (Bloomberg)
- Italy’s PM in austerity race, IMF denies in aid talks (Reuters)
- OECD Cuts Growth Forecasts, Blames Euro Crisis (Bloomberg)
- Thanksgiving Weekend Sales Set Record (Bloomberg) - we give this story one week before the truth comes out
- China Eyes European Assets (Reuters)
- US Urges Speedier Action on Debt Plight (WSJ)
- Chinese Profit Growth Slowing as Real-Estate Curbs Bite (Bloomberg)
- China Vice Premier Says Property Curbs to Stay, Xinhua Says (Bloomberg)
- Schaeuble Says Euro Fund Needs More Work to Spur Confidence (Bloomberg)
- France and Germany Draw Up Tighter Budget Rules (FT)
European economic highlights:
- Finland Consumer Confidence 1.5 – higher than expected. Consensus 1.0. Previous 1.3.
- Finland Business Confidence -10.0. Previous -7.0.
- Hungary Unemployment Rate 10.8% - higher than expected. Consensus 10.7%. Previous 10.7%.
- Sweden Retail Sales 0.4% m/m -0.5% y/y – higher than expected. Consensus 0.1% m/m -0.2% y/y. Previous -0.2% m/m -0.6% y/y.
- Sweden Trade Balance SEK 7.8bn – higher than expected. Consensus SEK 6.3bn. Previous SEK 11.9bn.
- Eurozone M3 (3m avg) 2.8% 3m/3m 2.6% y/y – lower than expected. Consensus 3.1% 3m/3m 3.4% y/y. Previous 2.6% 3m/3m 3.1% y/y.
- Italy Business Confidence 94.4 – higher than expected. Consensus 93.0. Previous 94.0.
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I love Becky Quick.
How many ounces of gold do I need to buy her?
http://fucklloydblankfein.blogspot.com
It's pathetic that such a piece of shit web site uses precious bandwidth.
How many ounces of gold will it take to make you crawl back down your troll hole?
It's called Christmas Creep. Stores now opening midnight for Black Friday. Of course this gives you extended sales numbers. Nothing to see here.
OF COURSE BOFA WILL SAY YES TO MORE QE3 MBS BUYING FROM FED..THEY ARE SITTING IN AL THAT SXXT OF SECURITIES THAT UNLESS UNCLE BEN DO IT, THE BANK WILL FILE FOR BANKRUPTCY AND WO THE BLESSING OF STUPID DULL BUFFET
END AMERICAN Austerity NOW!
Get long gifts or you will NOT be loved in 2012.
Very Bullish for PMs and oil:
Welcome LSAP: Dealers See Fed Buying $545B Mortgage Bonds (Bloomberg)
Good luck Ben getting the economy to do anything more than tank with open market operations at $100 / bbl oil. This will certainly do wonders for worldwide stability.
What a bunch of idiots.
545 Billion in printed dollars to buy more non performing debt and further destroy the Federal Reserve balance sheet. This counytry is nuts and I wonder what happened to our Republican Majority in Congress, are they hiding till they get creamed in the 2012 election?
"Risk on" rebound based on news out of Europe should fizzle out. Don't think it will be a spike reversal, but rather just a sustained drop. Here is a look at the ES and DX. http://bit.ly/smspwv
STFS
HO
DJ
US
JMHO