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Rich Are Hoarding Cash -- and That's Not Good CNBC Standard Chartered Probe Said to Require Up to $700M BL Watch out for a correction - or worse Hulbert Revenge of the nerds Kass Is this the rally? Mirhaydari Global slump risk falls as world money rebounds Pritchard “Central banks are pulling out all the stops and acting together, and that’s powerful stuff” Uncle Ben wants us to be happy Lewis Unfortunately, It's All About The Central Bank Saville Another Installment Panzner Guest Contribution: "The Making of America’s Imbalances" EB US Dollar already went off a fiscal cliff MyBudget Banks behaving badly La Monica Das - Pettis - Smith - Mish - Wesco Letters The Fragility of the US Markets Lauer Florida Estate Goes for $47 Million WSJ Ex-TARP Watchdog: U.S. 'Pretty F*cked' HP
Federal Judge Grudgingly Approves Morgan Stanley Price-Fixing Case NYT ...even as he said that the settlement amount was too low British banks "shamed" by US regulators Finance Asia Rude New Yorker Angers Bank, England, U.S. Government, Etc. HP - Richard Meddings On U.S. Regulators HP US corporate debt feeds investors’ hunger FT The PC looks like it's dying Fortune Ace Greenberg: That Wasn't Sandy Weill, It Was Borat... BL Video Gold Trove Found at Israel Castle Reveals Crusaders’ Forex Moves BL $10 Corn Is Coming, Top Fund Manager Says CNBC Gas prices climb 30 cents a gallon CNN Diamond Prices to Increase on Depletion of Mines BL
Indigestion for ‘les Riches’ in a Plan for Higher Taxes NYT President François Hollande is vowing to impose a 75 percent tax on the portion of anyone’s income above a million euros ($1.24 million) a year Italy stuck in downward austerity spiral Inde Juncker: Greek exit from euro is 'manageable’ Telegraph Siena's Financial Fiasco Downfall of a Tuscan Paradise Spiegel Has the bear outstayed his welcome? China Daily Electricity Use Overstates China Economic Slowdown BL What a Weaker Yuan Says About China's Economy FT Banks lower borrowing costs amid public relations crisis Korea Times Iran’s Toughest Problem Is the Price of Chicken BL
Vital Signs Chart: Consumer Credit Growth WSJ Greece Rating Outlook Cut to Negative by S&P BL U.S. Officials in Contact with New York on Standard Chartered Reuters Equities: A Twilight Cult Not to be Missed? Hahn Fed’s Rosengren Urges “Open-Ended” Easing Program BL “It would be setting a quantity that you’re going to continue to buy until you get the economic outcomes that you want” WWIII: Great commodities war to end all wars Farrell -- The Race for What's Left: The Global Scramble for the World's Last Resources Amazon Euro to Beat Dollar? Draghi’s Genius Merk "Yogi Berra" Saut The Mess We’re In Price Wall Street Investors Search for Safety in Faraway Shelters NYT Waiting in Vain for the Quick Fix Sachs The High High Cost of Low Low Rates American Anxiety Index: Stock Market Rally 'Totally Irrational' CNBC A Matter of Trust - Part Two JimQ Baker - Keen - Smith - Mish - Bianco Orders and Production: No Time for Complacency Outside The Box One-on-One with Eric Sprott USAW Social Security's Era of 'Free Money' Comes to an End AP Fiscal Cliff Looms Large As Congress Leaves Town Fiscal Times Fiscal cliff: What's really in it CNN This Ultra-Bear Thinks Dow Will Drop to 3000 (Dent) CNBC Video Why Are Investors Fleeing Equities? Hint: It's Not the Computers Sorkin Business Cycle Monitor: Europe continues to depress global sentiment Danske IMM positioning: EUR short unwinding has more potential Danske Economic Indicators Review NB Financial
Iran accusations wipe $16 billion off Standard Chartered shares Reuters Exclusive: NYSE in talks with SEC to settle data probe Reuters Libor, Naked and Exposed NYT Leeson: Rogue trader culture is more rife than ever Inde Are California Munis Paying Loan Shark Rates? CNBC “This 40-year capital appreciation bond is really a zero-coupon bond that doesn't require any payments for the first 20 years” Good news: Earnings growth is slowing Hulbert Earning Roundup RAlpha This Wall Street tech deal doomed investors Weidner Commodities Quarterly - Stronger in H2, weaker in 2013 Danske From Resource Curse to Blessing Stiglitz
Italy Recession Deepens, Adding to Monti's Problems Reuters Spanish, Italian yields bounce as caution sets in Reuters Mario Draghi Cannot Save the Euro BL Draghi and friends just want your money FT (Gross) Europe’s Crisis of Tongues Project Syndicate Negative interest rates spell final defeat for beleaguered savers Warner Spanish stock exchange blacks out for 5 hours AP 2nd Tokyo Stock Exchange Error in 7 Months Halts Derivatives BL Policy easing may be needed to reverse China's slowing growth Shanghai Daily Banks face hurdles to refinancing needs China Daily FDI worries 'unfounded' China Daily Housing transactions soar 22.9% SDaily The Curious Case of Japan in the 21st Century Forbes
New York may suspend Standard Chartered over Iran dealings Reuters He said the bank was "apparently aided" by its consultant Deloitte & Touche LLP, which hid details from regulators... Facebook Insiders Who Dumped Stock Just Before It Crashed DTicker Speech by Chairman Bernanke on economic measurement FRB Erasers Hussman Shilling: New recession has begun MW It’s a matter of trust - Part One JimQ The social and economic reasons for Generation Squeezed Samuelson Rogoff Sees World Envying America, Just a Year After Downgrade BL The Real 'Stimulus' Record Laffer Bill Gross is half right about equities Spengler I don’t believe ‘em Crudele A Monthly Snow Job? Barron’s I never thought the numbers were fudged — until now. Repeal of Glass-Steagall: Not a cause, but a multiplier Ritholtz Gold fizzles - or gold fixed? Brimelow Turk 4-Year Silver Price Manipulation Probe to Be Dropped FT Ending the probe would infuriate some US silver investors, who claim that a group of large investment banks – in particular, JPMorgan – has conspired to drive the price of silver lower.
Don’t Fall For Sandy Weill’s Crocodile Tears Cohan Berkshire’s Cash Hoard Swells as Buffett Pares Consumer Stocks BL Best Buy Founder Offers $8.8 Billion to Buy Out Company NYT Soft-spoken Yellen wields outsize influence as Fed's No. 2 Reuters Knight Said to Get $400M Infusion in Sale of Convertibles BL Knight Capital Type “Glitch” Will Happen Again: Author CNBC Costs, conflicts arise in Reid push for green power LVRJ London Olympics an 'Economic Failure': Roubini CNBC
Buying Bonds against the Crisis How the ECB Plans to Use Its Bazooka Spiegel Analysis: Euro zone action inches forward in game of chicken Reuters Venetian cunning of Draghi-Monti masterplan may save euro for now Pritchard Madrid has no bond auctions in August. It can in theory hold out until October... Debt crisis threatens to break up Europe Telegraph Monti Warns Euro Crisis Threatens EU as a Whole AP Don't let euro zone debate turn nasty: German foreign min Reuters Three myths that sustain the economic crisis Elliott Greek Bank Head Transfers Personal Savings Abroad FT Don't Expect Hidden 'Rabbits' in China's Hat This Week Reuters Chinese prefer foreign brands China Daily Ontario economy could be worse than California’s Yahoo Saudi invites Iran for extraordinary Muslim summit AFP Seven Die in Wisconsin Sikh Temple Shooting; FBI Probing BL
Wall Street Week Ahead: Positive momentum in the face of headwinds Reuters Time to Row, or Sail? Mauldin Think Grand Canyon Noland Empty words from Europe's banker Fleck Central Banks Revealed They Are Now Impotent! Harding 152 Top 10 Blue Chip Index Shows Unhealthy Market Swenlin The Wash-Rinse-Repeat Cycle Strikes Again Puplava Housing bubble? What housing bubble? Boston Globe The Post Still Has Not Heard About the Housing Bubble Baker Go for gold as stocks surge MSN Gold Mining Healthy? ZEAL Why this month's good jobs news won't last Fortune Ludicrous Times Op-Ed Forgets Entire Year of Wall Street History RStone Police Protection, Please, for Municipal Bonds Morgenson Romney: Fed stimulus would be futile CNN Happy Birthday, Milton Friedman, The European Crisis Is Your Latest Vindication Forbes
Doug Kass: Kill the 'Quants' Before They Kill Us CNBC Wall Street sees Knight as software risk wake-up call Reuters Exclusive: Fired Barclays trader draws scrutiny in Libor probe Reuters Insider Trading Case Reveals a Dubious Scheme Dealbook Las Vegas Sands target of U.S. money-laundering probe, WSJ says Reuters Warren Buffett's bets on housing aid Berkshire Hathaway BL Electronic Arts sues Zynga, says it copied "Sims" game Reuters At half-price, Facebook still faces doubts AFP
Spain inches towards a full EU bailout Reuters Germany’s Jobless Numbers Buck Euro Zone Trend Norris Bond Traders in Europe Deal in High Expectations, and Fear NYT Banks face 'wrenching times' warns RBS chief Telegraph Why Japan Inc.’s woes may be all in the mind AP Banks sue steel traders after loan defaults Shanghai Daily Loonie touches parity as both gold, oil gain traction G&M Iran test-fires missile, IRNA reports CNN
Dow Posts Longest Weekly Rally Since October on Jobs Data BL Economy Creates 163,000 New Jobs but Rate Rises to 8.3% CNBC Bernanke Is Bluffing Morici Central Banks Can’t Save the World El-Erian QE3 and the Drought Yardeni How to manage volatility as the fiscal cliff looms MW IMF: US plunge from fiscal cliff would hit global economy hard Guardian Mr. Global Economy’s delusional mental state Das Commentary: Shaky psychology accompanies physical decline Don’t get mad, get even! Hulbert San Bernardino Files Chapter 9 - SB: Not the Only Bankrupt US Town CNBC 'Real' Unemployment Rate Shows Far More Jobless CNBC How about quantitative easing for the people? Kaletsky Panzner - Mish The Wall Street machine is broken La Monica For Wall Street, Real Pain When the Fed Fails to Act NYT Corn Surge Is More Dangerous Than Euro Mess Pesek Goldman creates first US ‘social’ bond FT Berkshire Hathaway to reflect weak economy MW Analysis: Knight trading loss shows cracks in equity markets Reuters Will Trading Glitch Chase More Investors Away? Smart Money Knight Capital's Algorithmic Fiasco Won't Be The Last of its Kind Forbes Bull Market in Crops Extends With Spreading Drought BL Why China is losing the solar wars Forbes US Gold Medal Winners Get $8,986 Tax Bill CNBC Share prices crash as Draghi's 'big bazooka' falls flat Inde Spain, Italy back in bond market firing line CNN Draghi delivers Pritchard Wow, the ECB really is preparing to hit the nuclear button. ECB-Politicians Anti-Crisis Bargain Emerges After 2 1/2 Years BL ECB President Mario Draghi offered only a glimpse of the new strategy, with the actual interventions weeks or months away and a host of obstacles standing in the way... Elliott: After the big build-up, the almost inevitable disappointment. China Cuts Transaction Fees for Share Trading BL China Powerhouse Guangdong Becomes Growth Laggard BL New evidence of price rises China Daily The problem of Japans household savings Salmon Strong Yen Is Dividing Generations in Japan NYT More small shipbuilders forced into bankruptcy Korea Times
Planned Layoffs Drop Again in July: Challenger Reuters Brace For An Era of Crisis Aftershocks Rosenberg After almost four years of $1tn-plus fiscal deficits, near-zero policy rates, and a Fed balance sheet that is pregnant with triplets, how can we not have some growth, any growth? Welcome to Dystopia! Jeremy Grantham We are five years into a severe global food crisis that is very unlikely to go away. Liability Driven Investing Strategies Standish How the Fed Took the Money Out of Monetary Policy Baum Wrong time to flee stocks Mirhaydari Capital Controls or Exchange Rate Policy? A Pecuniary Externality Perspective FRBNY Americas Constrained Choice El-Erian Global Forecast Update - Foreign Exchange Outlook Scotia East Meets West: State Monopolists Unite Wakefield NYSE to Cancel Trades in 6 Stocks Affected by Glitch Reuters The Cartel - Behind the Scenes in the Libor Interest Rate Scandal Spiegel Facebook Plunge Continues as Growth Concerns Persist BL Sharp considering cutting 5,000 jobs worldwide: source Reuters Splitting the Financial Giants It's Time To Break Up Massive Banks! Spiegel Municipal Cuts Thrift or Long-Term Drag on Economy? CSM Europe and Asia weakness dents US earnings FT The number of companies beating revenue estimates has dropped below 50 per cent in only four other quarters: the first quarter of 2001, the fourth quarter of 2008, and the first two quarters of 2009. Gartman: Coal Is So Bad, It's Good CNBC Bundesbank warns of eurozone crisis as ECB prepares to meet Guardian Pressure grows for Spain to agree to formal bail-out rescue Telegraph House prices hit by sharpest drop since 2009 Guardian UK ministers eye nationalizing Royal Bank of Scotland: FT Reuters BOE Holds QE as King Assesses Expanded Crisis Toolkit BL BoC On Hold For A Long Time Yet, As Spare Capacity Grows Scotia Investors urged to stop `overreacting' Standard Home prices climb 0.33% in July Shanghai Daily US to levy duties on Chinese sinks Shanghai Daily US sanctions against bank 'target' China China Daily The US attempted to warn China with its sanction, but it does not want to create direct conflict with China on the Iran issue either... Iran loses $133 Million a Day From Sanctions as Oil Buoys Obama BL
Schwab: ...whether the Fed eventually chooses to reduce interest rates further, buy more Treasuries or mortgage-backed securities, or implement some other way of injecting cash into the economy, it continues to look to us like "pushing on a string."
(Economic) Drivers, (QE) Drive By's And Dives Contrary Investor Cult Figures PIMCO (Gross) Several generations were weaned and in fact grew wealthier believing that pieces of paper representing “shares” of future profits were something more than a conditional IOU that came with risk. Hadn’t history confirmed it? America's Other 30 Percent Roach With U.S. consumers sapped of their power, private capital spending and exports must carry the country's recovery FOMC preview: Fed likely to wait until September before easing more Danske Dovish Fed Expected to be Mostly Talk, Little Action CNBC Some traders say there are some market expectations for more action from the Fed Wednesday Why Hedge Funds Are Going Mainstream CNBC Investment Managers and Market Timing CXO Consumer Spending Slips in June and Sets Up Soft Trajectory for 2012:Q3 NTrust Switzerland Is 'New China' in Currencies FT The SNB is believed to be partly responsible for recent moves in major currencies including... 'Audit the Fed' moves forward! Paul
What the Past May Tell Us About IPOs Schwab Facebook shares 43% off IPO price USAT Whitney: Banking To Lose 50,000 More Jobs BL Video (via SH) UBS's huge Facebook loss throws doubt on Nasdaq plan Reuters Libor Punishment Could Be Worse Than Crime BL Microsoft revamps Hotmail as social-friendly Outlook Reuters Uh oh, the world’s top gold forecasters are now split BL
Euro crisis fallout spreads as jobless rate hits record G&M The deteriorating economic conditions – and fresh evidence of a run on Spanish banks – add greater urgency to the European Central Bank’s policy meeting on Thursday Eurozone: September shapes up as crunch time for currency crisis Reuters Deepening Crisis - Spain Reports Record Capital Flight Spiegel The outflow has resulted from domestic banks sending money abroad, foreign lenders pulling out cash and mostly non-resident investors dumping Spanish assets. China's manufacturing activity weakens in July AFP China prepares stimulus as slump threatens East Asia Telegraph SFO to continue controversial Robert Tchenguiz investigation Telegraph Banks will be fined for negligent supervision Shanghai Daily Securities watchdog calls for action against Nomura AFP Obama tightens sanctions on banks helping Iran sell oil Reuters
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