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A Shocking First: Mainstream Media Rushes To Defend Dollar Reserve Status
One can't help but wonder just how concerned the powers that be are becoming when such an esteemed mainstream media outlet as Bloomberg News would deem fit to defend the almighty US Dollar. "There are...
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Putin Responds: "US Sanctions Will Boomerang And Cause Very Serious Damage"
It took just a little over an hour for Vladimir Putin to respond to the latest, most provocative and toughest round of US sanctions yet. The response, appropriately enough, came just after the BRICS...
View ArticleFrontrunning: July 22
EU Works to Punish Russia as MH17 Bodies Leave Rebel Area (BBG)Bodies From Malaysia Airlines Flight Begin Long Trip to Netherlands (WSJ)Israel pounds Gaza as Kerry arrives (Reuters)U.S. judge dismisses...
View ArticleFrontrunning: July 25
Argentine holdout NML says government "choosing" to default (Reuters)Crunch time for Gaza truce talks as death toll passes 800 (Reuters)Don’t Tell Anybody About This Story on HFT Power Jump Trading...
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"London Fix" Gold Rigging By Bullion Bank Exposed In Class Action Lawsuit:...
Some interesting news crossed the tape late afternoon yesterday when it was reported that the silver bullion banks (Deutsche Bank, Bank of Nova Scotia and HSBC) were sued for manipulating the silver...
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John Hussman: "Make No Mistake - This Is An Equity Bubble, And A Highly...
In case someone needs a beyond idiotic op-ed on the state of the market, we urge them to read the following stunner from USA Today (which is simply a syndicated piece from the Motley Fool, complete...
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Here's What Wall Street Bulls Were Saying In December 2007
Submitted by David Stockman of Contra Corner blog,The attached Barron’s article appeared in December 2007 as an outlook for the year ahead, and Wall Street strategists were waxing bullish....
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Currency Wars Intensify As Russia Buys 18.6 Tonnes Of Gold In June
Today’s AM fix was USD 1,307.50, EUR 972.84 and GBP 770.39 per ounce.Yesterday’s AM fix was USD 1,305.00, EUR 971.20 and GBP 768.55 per ounce.Gold climbed $2.30 or 0.18% yesterday to $1,305.10/oz and...
View ArticleFrontrunning: July 31
Moscow fights back after sanctions; battle rages near Ukraine crash site (Reuters)On Hold: Merkel Gives Putin a Blunt Message (WSJ)Argentina’s Default Clock Runs Out as Debt Talks Collapse...
View ArticleFrontrunning: August 1
As we predicted yesterday, the "big" Gaza ceasefire lasted all of a few hours (Reuters)To Lift Sales, G.M. Turns to Discounts (NYT)Espirito Santo Family’s Swift Fall From Grace Jolts Portugal...
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Blistering Demand For 30 Year Paper; Lowest Yield Since May 2013; Directs...
The only word to describe today's just concluded, and final for the week, auction of 30 Year paper can only be described with one word: blistering. First, the pricing yield itself, coming at 3.224% a...
View ArticleFrontrunning: August 20
Ferguson at Turning Point After Night of Relative Calm (BBG)Gaza war rages on, Hamas says Israel tried to kill its military chief (Reuters)Surge in Putin Patriotism Masks Pain of Sanctions (BBG)Bank of...
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Hilsenrath Warns Fed Rate-Hike Timing Debate Intensifying
The Wall Street Journal's Jon Hilsenrath unleashed an instantaneous reaction to today's FOMC minutes and the message is clear - markets are much less uncertain than the Fed about the timing (sooner...
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London Mayor's Stunning Proposal: "Terrorist Until Proven Innocent"
With all of England on edge because the ISIS executioner of James Foley, known as "Jihadi John" sported a British accent, and who may or may not have been identified as Abdel-Majed Bary, although UK...
View ArticleFrontrunning: August 29
Obama Cools Talk of Strikes Against Islamic State in Iraq or Syria (WSJ)Separatists say will allow 'trapped' Ukrainian forces to withdraw (Reuters)Ukraine Fighting Surges as Russian-Backed Forces Gain...
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Kick Russia Out Of SWIFT, UK Demands
UK Prime Minister David Cameron came out swinging this morning; not only at ISIS but in calling for European leaders to block Russia from the SWIFT banking transaction system. European leaders have...
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Busy Week Ahead, ECB Meeting Stands Out
The week ahead is packed with events and data. The monthly cycle of purchasing managers surveys and the US jobs report are featured. There are also central bank meetings in six high-income countries...
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More Sanctions: Europe Will Ban Purchase Of Russian Bonds; However Russian...
Over the weekend, insolvent, debt-dependent Europe thought long and hard how to best punish Russia and moments ago reached yet another milestone in deep projective thought: as Reuters reports,...
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Gold Lock Down Despite Aggressive Plan To Ban Russia From SWIFT, Terrorism &...
Gold Lock Down Despite Aggressive Plan To Ban Russia From SWIFT, Terrorism & War Risk; Palladium At Multi-Year High Over $900The palladium price made a new 13 year high today and reached $909/oz,...
View ArticleUS Equity Futures Soar To Fresh All-Time Highs On New Ukraine "Ceasefire"...
Update: SEIBERT SAYS HAS NO CONFIRMATION OF RUSSIA-UKRAINE CEASEFIRE... and drumroll: REUTERS WITNESS HEARS LOUD ARTILLERY EXPLOSIONS ON NORTHERN OUTSKIRTS OF EASTERN UKRAINIAN CITY OF DONETSKSo, time...
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