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Chart Of The Day: Monthly Home Payment Soars 40% To 2008 Levels
The following chart from Credit Suisse fully explains why the US housing "recovery" has just ground to a halt: in a few short weeks, US housing affordability (a topic we first covered a month ago) has...
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The Jobs-GDP Divide And Policymaker Pollyannas
The optics of the GDP report were 'positive' at first blush, but not upon closer inspection. Growth in the second quarter was better than expected. Recovery period growth was revised up slightly. And...
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From Less Repo, To Less Collateral Transformation, To Less Quantiative Easing...
First it was the TBAC's May presentation "Availability of High Quality Collateral" piggybacking on reasoning presented previously by Credit Suisse. Then JPM's resident "flow and liquidity" expert...
View ArticleFrontrunning: August 6
Washington Post Company Chairman and CEO Donald Graham talks about the sale, what it means for the future of The Post (WaPo)Private-equity firms are adding debt to companies they own to fund payouts to...
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S&P Loses 1,700; Dow Off 140 From Highs
With the better-than-expected trade deficit confirming Taper is closer and IBM (following Credit Suisse downgrade) weighing on the Dow (knocking 32 points off), US equity markets are struggling this...
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If You Build It, They Won't Come... And In China They Are Now Leaving
When it comes to the programmed, centrally-planned Chinese economy, the academics who pre-determine the daily lives of over one billion citizens and report randomly generated gibberish when they have...
View ArticleThe Incredible Shrinking COMEX Gold Warehouse Inventories
During this banker raid on paper gold and paper silver, while banking shill Nouriel Roubini was spouting more propaganda in the distribution channels of the mass media of a gold collapse to sub-par...
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Indian Death Lock
Follow ZeroHedge in Real-Time on FinancialJuiceQuite honestly the scenario couldn’t be very much worse for India right now. The Rupee has taken a severe hammering and has lost 44% of its value in the...
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Nigerian Scam Emails To Get Facelift Thanks To Goldman, UBS, Credit Suisse
Nigeria, Africa's top oil-producing nation, has a problem - too much money in its sovereign wealth fund and no idea what to do with it. Have no fear though, for as Reuters reports, Goldman Sachs, UBS,...
View ArticleFrontrunning: September 9
Hedge Funds Cut Back on Fees (WSJ) as we predicted would happen, in MaySyria's Assad denies chemical weapons use; U.S. presses case for strike (Reuters)Unemployment Falling for Wrong Reason Creates Fed...
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AAPL Plunges To Pre-Carl Icahn Levels: More iBonds Time?
Plastic phones, a gold cover, and no China Mobile deal seems to have disappointed more than a few AAPL investors this morning. Downgrades are a plenty but we await confirmation from Carl Icahn's...
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3 Potential "Taper" Surprises And FOMC Sugar-Coating
As we head for the fateful FOMC announcement on September 18, US data have continued to moderate. Accordingly, the consensus seems to be converging on a $10-15 billion initial reduction in monthly...
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Despite US Shale Oil Boom, The World Is More Dependent Than Ever On The Gulf
Saudi Arabia is pumping out more crude that at any time since the 1970s and in Kuwait and The UAE, oil production levels have hit record highs. As The FT reports, the US might be 'drowning' in oil, but...
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On This Day 15 Years Ago The LTCM Bailout Ushered In "Too Big To Fail"
While the commemoration of the 5 year anniversary of the start of the Great Financial Crisis is slowing but surely fading, another just as important anniversary is revealed when one goes back not 5 but...
View ArticleCredit Suisse Closing "Non-Super Rich", "Risky" Client Accounts
In a move that clearly seeks to distance the second largest Swiss bank from potentially "risky" or just not that profitable (read "rich or super rich") accounts, Credit Suisse announced today that it...
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SmartKnowledgeU Exclusive Interview with World Bank Whistleblower Karen...
I present to you Part Two of our exclusive interview with World Bank Whistleblower Karen Hudes in which I discuss with Ms. Hudes the need to end an immoral fractional reserve banking system that...
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China Prepares Big Bang Financial Reforms
There's growing speculation that China will soon undertake substantial reforms to its financial system to address increasing risks from escalating debt. First, the central government will take over...
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The Federal Reserve Policymaker Bias Cheat-Sheet
Taper or no Taper. Tapering is not tightening but flow is more important than stock. Doves being hawkish and hawks fearfully dovish... We have seen it all in the last few weeks. In order to keep it all...
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As US Default Risk Spikes To 5-Month High, Here Is How To Trade The Debt...
The last 4 days have seen the price of protection against a default on US Treasuries spike by the most in 4 years. While USA CDS trade on both a default and devaluation basis (as well as technical...
View ArticleFrontrunning: November 1
US admits surveillance on foreign governments ‘reached too far’ (FT)He must be so proud: Obama halted NSA spying on IMF and World Bank headquarters (RTRS)Obamacare website gets new tech experts;...
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