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Frontrunning: June 18
Obama Says Bernanke Fed Term Lasting ‘Longer Than He Wanted’ (Bloomberg) Merkel Critical Of Japan’s Credit Policy In Meeting With Abe (Nikkei) China Wrestles With Banks’ Pleas for Cash (WSJ) Biggest...
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Chinese Banks Ready to Go Bust
Dive! Take cover! Or, at least, hold on to your pants in the scramble. The Chinese bubble has just burst. It looks like the world is going to have egg on its face and elsewhere as Chinese banks are...
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Frontrunning: June 25
Here come the rolling blackouts: Obama takes on power plant emissions as part of climate plan (Reuters) Walking Back Bernanke Wished on Too Much Information (BBG) As previewed last week: Bridgewater...
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Futures Lifted By Verbal Cental Banker Exuberance
Once again it is all about central banks, with early negative sentiment heading into Asian trading – following the disappointing announcement from the PBOC about “ample liquidity” leading to the 6th...
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The Two Big Summer Risks
The opiate of investors has been central bank liquidity. The degree of stimulus has been unprecedented. But, as BofAML notes, never was so much invested, by so many, on the view that the Fed would stay...
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Frontrunning: July 5
Egypt Girds for Muslim Brotherhood Protests (WSJ) SAC Capital’s Steven Cohen Expected to Avoid Criminal Charges (WSJ) SAC insider-trading probe could last years (Reuters) RBI seen selling dollars...
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A Historic Inversion: Gold GOFO Rates Turn Negative For The First Time Since...
Today, something happened that has not happened since the Lehman collapse: the 1 Month Gold Forward Offered (GOFO) rate turned negative, from 0.015% to -0.065%, for the first time in nearly 5 years, or...
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Frontrunning: July 9
ICE’s NYSE to determine the rate used by key competitor CME: NYSE Euronext to Take Over Libor (WSJ) Japan slams China over maritime disputes (FT) The Twinkie Returns, With Less Baggage (WSJ) Pentagon...
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Frontrunning: July 10
MSM discovers that soaring dollar hurts corporate profits: P&G to Apple Hurt by Strong Dollar Keep S&P 500 Profits in Check (BBG) China Posts Surprise Drop in Exports (WSJ) – lol: “surprise”...
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From Perennial (Rumored) LBO Candidate To Imminent Restructuring: How The...
There was a time when one couldn’t spend an hour without some moronic rumor of a Radioshack LBO popping up. Those time are gone. Instead, as DebtWire reports, the rumor of a takeover has been replaced...
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