Wells Fargo
Frontrunning: June 17
Submitted by Tyler Durden on 06/17/2013 07:33 -0400- Activist Shareholder
- Apple
- BAC
- Bank of England
- Boeing
- Bond
- China
- Czech
- Dreamliner
- Fannie Mae
- Federal Reserve
- France
- Freddie Mac
- General Electric
- Gross Domestic Product
- Group of Eight
- India
- International Monetary Fund
- Iran
- Keefe
- Market Share
- Middle East
- Monetary Policy
- national security
- Newspaper
- People's Bank Of China
- Private Equity
- ratings
- Reuters
- Time Warner
- Turkey
- United Kingdom
- Vladimir Putin
- Wall Street Journal
- Wells Fargo
- Yuan
- Obama prepares for chilly talks with Putin over Syria (Reuters)
- G8 opens amid dispute on Syria arms (FT)
- Economists Blame Fed for Higher Bond Yields (WSJ) - wait... what? Isn't the "stronger economy" to blame?
- What a novel concept - In the Czech Republic, a spying scandal has forced the PM to resign (BBG)
- Rigged-Benchmark Probes Proliferate From Singapore to UK (BBG)
- Economists Wary as Fed's Next Forecast Looms (Hilsenleak)
- Banks Balk at New Rules for Small Loans (WSJ)
- Sporadic clashes in Turkey as Erdogan asserts authority (Reuters)
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Keeping The 'Recovery' Dream Alive; 3 Big Banks Halt Foreclosures In May
Submitted by Tyler Durden on 05/28/2013 13:19 -0400
What is the only thing better than Foreclosure Stuffing to provide an artificial supply-side subsidy to the housing market? How about completely clogging the foreclosure pipeline, by halting all foreclosure sales, which is just what the three TBTF megabanks: Wells Fargo, JPMorgan and Citi have done in recent weeks. Under the guise of 'ensuring late-stage foreclosure procedures were in accordance with guidelines', the LA Times reports that these three banks paused sales on May 6th and all but halted foreclosures. Perfectly organic housing recovery - as we noted earlier... and guess what states the greatest number of 'halts' are in from these banks - California, Nevada, Arizona - exactly where the surges in price have occurred.
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Banks Write Legislation
Submitted by CalibratedConfidence on 05/24/2013 08:21 -0400- American International Group
- Ben Bernanke
- Ben Bernanke
- Capital Markets
- Citigroup
- Corruption
- Federal Reserve
- Financial Overhaul
- Goldman Sachs
- goldman sachs
- HFT
- House Financial Services Committee
- Jamie Dimon
- Maxine Waters
- New York Times
- Securities Industry and Financial Markets Association
- SIFMA
- Treasury Department
- Wells Fargo
...understand the national threat that is our fragmented and perverted equity market microstructure that is driven by such esoteric order-types such a Post No Preference Blind Limit Order created through the buddy system of exchange/order volume producer.
- CalibratedConfidence's blog
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Bitcoin – The Tyranny Test
Submitted by Tyler Durden on 05/20/2013 21:40 -0400
An increasing number of people have complained about governments and central banks in recent years, even using the word “tyranny” to describe them. They are, of course, called names in the establishment press: conspiracy theorists, mainly. Calling someone a name, however, does not erase their argument (at least not among rational people) and both the governments and the big banks stand accused. Up till now, however, these accusations were never accepted by the general public. The average guy really didn’t want to hear about the evils of government money. After all, that was the only thing he had ever used to buy food, clothes, gasoline, cars, and so on. He didn’t want to acknowledge the accusations because he feared what might happen to him without his usual money. Now, however, we have a brand new currency (called Bitcoin) available to us: something radically different. This gives us a new way to directly address the subject of monetary tyranny, providing a clear test for the governments and money masters of the world.
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Guest Post: The Empire's Next Effort To Extract Your Wealth
Submitted by Tyler Durden on 05/16/2013 18:35 -0400
Since before the tech bust, we’ve been suggesting that while Americans “think” they’re getting richer... they’re actually heading in the other direction. They’re getting poorer. This proposition has been easier for folks to entertain since housing busted and the financial crisis reversed the “wealth effect” in 2008. With that in mind, let’s take a look at the logic of the American Empire and what you can expect in the year(s) ahead.
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Frontrunning: May 16
Submitted by Tyler Durden on 05/16/2013 07:45 -0400- Apple
- Bain
- Bank of England
- Bank of New York
- Bear Market
- Boeing
- Borrowing Costs
- China
- Chrysler
- Comcast
- Corporate Finance
- Creditors
- CSC
- CSCO
- Delphi
- Dreamliner
- DVA
- Federal Reserve
- fixed
- Ford
- General Motors
- Goldman Sachs
- goldman sachs
- GOOG
- Greenlight
- Housing Market
- India
- International Energy Agency
- Iran
- Japan
- JPMorgan Chase
- Keefe
- KKR
- Kraft
- Lazard
- LIBOR
- Mervyn King
- Mexico
- Natural Gas
- Obama Administration
- People's Bank Of China
- Private Equity
- recovery
- Reuters
- Royal Bank of Scotland
- Wall Street Journal
- Wells Fargo
- White House
- World Gold Council
- Yuan
- As scandals mount, White House springs into damage control (Reuters)
- Glencore Xstrata chairman ousted in surprise coup (Reuters), former BP CEO Tony Hayward appointed as interim chairman (WSJ)
- JPMorgan Chase asks Bloomberg for data records (Telegraph)
- Platts Retains Energy Trader Confidence Amid Price-Fix Probe (BBG)
- Syrian Internet service comes back online (PCWorld)
- Japan Q1 growth hits 3.5% on Abe impact although fall in business investment clouds optimism for recovery (FT)
- Soros Joins Gold-Stake Cuts Before Bear Market Drop (BBG)
- Factory Ceiling Collapses in Cambodia (WSJ)
- Sony’s $100 Billion Lost Decade Supports Loeb Breakup (BBG)
- Snags await favourite for Federal Reserve job (FT)
- James Bond’s Pinewood Turned Down on $300 Million Plan (BBG)
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- 3627 reads
WFC 10-Q: The Diminishing Returns of Quantitative Easing
Submitted by rcwhalen on 05/08/2013 14:26 -0400The diminishing returns of the Fed's quantitative easing are very evident in the latest WFC results.
- rcwhalen's blog
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What Causes The Growing Wealth Gap In America?
Submitted by Tyler Durden on 05/01/2013 17:03 -0400
A major issue in America today is the growing gap between the rich and the poor, and the popular narrative is that the disparity is caused by capitalism run wild and only the firm hand of government can fix the problem. But what if this narrative has it backwards? What if the growing wealth disparity in America is actually caused by the government? Take Warren Buffet, a man often at the center of this debate, as not only is he a billionaire, but also a vocal advocate for higher income taxes on the rich. Many are aware of his acumen in making investments that have a “margin of safety” – or minimal downside – but few are aware of the greatest source of such safety for Mr. Buffet in recent years, the US Government.
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Frontrunning: April 24
Submitted by Tyler Durden on 04/24/2013 07:37 -0400- Apple
- Blackrock
- Bond
- Book Value
- Capital Markets
- China
- Chrysler
- Czech
- Daimler
- Dell
- European Central Bank
- Evercore
- FBI
- Fisher
- Germany
- Goldman Sachs
- goldman sachs
- Goldman Sachs Asset Management
- Hong Kong
- Lazard
- Lloyds
- Newspaper
- Portugal
- Reality
- Renminbi
- Reuters
- United Kingdom
- Wall Street Journal
- Wells Fargo
- Yuan
- The Inland Empire bubble is back: BMW to Amazon Space Demand Spurs Rush to Inland Empire (BBG)
- Tamerlan Tsarnaev was on classified government watch lists (Reuters)
- Brothers in Boston Bombing Case Said Drawn to Radicalism (BBG)
- Germany Spurns Calls to Loosen Austerity Stance (WSJ)
- Spain poised to ease austerity push (FT)
- What ever happened to France's voice in Europe? (Reuters)
- U.S., South Korea Reach Nuclear Deal (WSJ)
- U.S. Sees No Hard Evidence of Syrian Chemical Weapons Use (BBG)
- RBA Set to Invest Foreign Currency Reserves in China, Lowe Says (BBG)
- FedEx Wins $10.5 Billion Postal Contract as UPS Shut Out (BBG)
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Why the Western Banking Cartel’s Gold and Silver Price Slam Will Backfire - And How You Can Protect Yourself from the Blowback
Submitted by smartknowledgeu on 04/22/2013 05:27 -0400- American International Group
- Apple
- Australia
- Bank Failures
- Bank of America
- Bank of America
- Bank of New York
- Central Banks
- China
- Citigroup
- Commodity Futures Trading Commission
- Coxe Advisors
- Credit Line
- Crude
- Crude Oil
- default
- Deutsche Bank
- ETC
- European Central Bank
- Fail
- Federal Reserve
- Futures market
- Goldman Sachs
- goldman sachs
- Hong Kong
- India
- Jamie Dimon
- John Stumpf
- KIM
- Kool-Aid
- Krugman
- Lloyd Blankfein
- Main Street
- Merrill
- Merrill Lynch
- Morgan Stanley
- Obama Administration
- Paul Krugman
- Physical Settlement
- Precious Metals
- Prudential
- Purchasing Power
- Reality
- SmartKnowledgeU
- State Street
- Volatility
- Wells Fargo
- White House
Let's get down to the facts of the recent banker gold & silver paper price smash and the lies about the banker gold & silver paper price smash being propagated by the mass media and banking shills like Paul Krugman so everyone can understand why this smash will blow up in the face of the very bankers that executed it at some point down the road. Retail individuals AND global institutions all around the world are finally beginning to understand that physical ownership of gold and silver is how to counter banker fraud & intervention into the gold and silver markets and this realization is going to produce massive blowback.
- smartknowledgeu's blog
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Frontrunning: April 18
Submitted by Tyler Durden on 04/18/2013 07:42 -0400- AIG
- American Express
- American International Group
- Apple
- Bank of America
- Bank of America
- Budget Deficit
- Carbon Emissions
- China
- Cohen
- Deutsche Bank
- Dreamliner
- European Union
- Exchange Traded Fund
- Federal Reserve
- France
- GOOG
- Insider Trading
- International Monetary Fund
- Lone Star
- Mexico
- Monetary Policy
- Morgan Stanley
- New Orleans
- Newspaper
- Ohio
- People's Bank Of China
- Primus
- Private Equity
- recovery
- Reuters
- Sallie Mae
- Serious Fraud Office
- Testimony
- Trade War
- United Kingdom
- Wall Street Journal
- Wells Fargo
- Yuan
- Apple reportedly stops placing Mac component orders (DigiTimes)
- Apple Ordered to Remove Obscene Content From China Store (BBG)
- Texas Ammonia-Plant Blast Kills as Many as 15 People (Reuters)
- Boston Probe Said Focused on Person Dropping Bag at Site (BBG)
- The Chinese cold trade war comes come to roost: US becomes Japan’s top export market (FT)
- Berlusconi, Bersani back Marini in presidential vote (Ansa)
- German parliament backs Cyprus bailout (Reuters)
- China Vows Wider Yuan Movement (WSJ)
- Morgan Stanley Sees Core Earnings Weaken (WSJ)
- Gold Miners Lose $169 Billion as Price Slump Adds ETF Pain (BBG)
- G-20 Draft Affirms Pledge to Avoid Competitive Devaluations (BBG)
- IMF warns on risks of excessive easing (FT)
- The battle for the Swiss soul (Reuters)
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Overnight Sentiment: Gold Rout Halted For Now
Submitted by Tyler Durden on 04/16/2013 06:56 -0400- Bank of England
- BOE
- Bond
- Central Banks
- China
- Citigroup
- Copper
- CPI
- Credit Suisse
- European Central Bank
- Eurozone
- Exchange Traded Fund
- Goldman Sachs
- goldman sachs
- Gross Domestic Product
- Housing Market
- Housing Starts
- International Monetary Fund
- Janet Yellen
- Jim Reid
- Market Crash
- Mervyn King
- Monetary Policy
- Nomura
- Rating Agency
- recovery
- SocGen
- Transparency
- United Kingdom
- Wells Fargo
- World Economic Outlook
- Yen
Yes, there was economic news overnight, such as a Eurozone and UK CPI, both of which came in line with expectations (1.7% and 0.4% respectively), and a German ZEW which confirmed Europe's accelerating deterioration, tumbling from 48.5 to 36.3, far below expectations of a 41.0 print (somehow the huge miss has managed to push the EURUSD up by 60 pips to an overnight high of 1.31 but this is merely the pre-US open manipulation to ramp US equities higher), just as there was news that Angela Merkel's support for a Cyprus bailout is growing (was there an alternative?), and that as part of their ongoing investigation into Italy's repeatedly insolvent Monte Paschi, investigators had seized €1.8 billion worth of assets from Nomura Holdings, and that Spain as usual sold more Bills than expected, driven by oversize Japanese and Pension Fund purchases, but what everyone has been looking for is whether the relentless and record rout in gold is over. For now, it appears that is the case, with gold printing an overnight low of just over $1320 and ramping higher ever since, up 3% so far and rising.
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Frontrunning: April 15
Submitted by Tyler Durden on 04/15/2013 07:29 -0400- BBY
- Boeing
- China
- Credit Suisse
- Crude
- Dell
- European Union
- Fannie Mae
- Fisher
- Ford
- Freddie Mac
- Gambling
- General Motors
- Germany
- Goldman Sachs
- goldman sachs
- Housing Market
- Japan
- JPMorgan Chase
- KKR
- Market Share
- Morningstar
- Natural Gas
- North Korea
- Private Equity
- recovery
- Reuters
- Transocean
- United Kingdom
- Verizon
- Wall Street Journal
- Wells Fargo
- Yen
- Yuan
- Venezuela Says Chávez Successor Wins Vote (WSJ)
- China growth risks in focus as first quarter data falls short (Reuters)
- Japan Gets Calls From U.S. to Europe Not to Drive Down Yen (BBG)
- EU Set to Clash on Bank Deal as Germany Sees Treaty Limit (BBG)
- Dish Launches $25.5 Billion Bid for Sprint (WSJ)
- Commodities Tumble, Stocks Slide as China Growth Slows (BBG)
- Top fund managers take home $8bn less (FT)
- Obama Programs Derided by Republicans as Pejorative Entitlements (BBG)
- Gene swapping makes new China bird flu a moving target (Reuters)
- McDonald's Cranks Up The Volume on 'Value' (WSJ)
- UK pension deficits set to rise by £100bn (FT)
All Eyes On The Gold Rout, Most Oversold In 14 Years
Submitted by Tyler Durden on 04/15/2013 06:50 -0400- American Express
- Bank of America
- Bank of America
- Bank of England
- Barclays
- BOE
- British Pound
- Central Banks
- China
- Citigroup
- Consumer Sentiment
- Copper
- CPI
- Deutsche Bank
- Equity Markets
- fixed
- General Electric
- Global Economy
- Goldman Sachs
- goldman sachs
- Gross Domestic Product
- Housing Starts
- India
- International Monetary Fund
- Investor Sentiment
- Japan
- Jim Reid
- McDonalds
- Morgan Stanley
- NAHB
- Philly Fed
- Precious Metals
- Price Action
- Real estate
- recovery
- Renminbi
- SocGen
- Volatility
- Wells Fargo
- World Bank
- World Economic Outlook
While China's trifecta miss of GDP, Retail Sales and Industrial Production all coming lower than expected was likely a factor in the overnight rout of gold, the initial burst of selling started well before the Chinese data hit the tape, or as soon as Japan opened for trading with forced financial institution selling to prefund cash for any and all future JGB VaR-driven margin calls. It was all downhill from there, literally, with overnight selling of gold punctured by brief burst of targeted stop hunting, sending the metal down $116 per ounce, as spot touches $1385 after trading nearly at $1500 yesterday and down $200 in 4 days. End result, whether due to a re-collapsing global economy, margin calls, fears forced Cyprus gold selling will be imposed on all other insolvent European countries, coordinated central bank slams, hedge fund positioning, long unwinds, liquidations, fears about future demand, or whatever the usual selling suspects are, is that gold tumbles an unprecedented 7.8% on 230,000 contracts in one day, and well over 10% in two days, pushing the yellow metal 14 day RSI band to 18, meaning it is now most oversold since 1999. In brief, it is an all out panic, with Goldman still telling clients to sell, i.e., buying every shiny ounce all the way down (not to mention India, where accordingto UBS Friday demand was double the average).
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Guest Post: 11 Economic Crashes That Are Happening Right Now
Submitted by Tyler Durden on 04/12/2013 19:46 -0400
The stock market is not crashing yet, but there are lots of other market crashes happening in the financial world right now. Just like we saw back in 2008, it is taking stocks a little bit of extra time to catch up with economic reality. But almost everywhere else you look, there are signs that a financial avalanche has begun.
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