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Bloodbath U.S. Yields Climb to 22-Month High as Global Bonds Slide on Fed BL Gold and Silver: A Great Day to be a Bear EW Fed Exit Fears Pummel Gold; Futures End 6% Lower CNBC Fed Seen Tapering QE to $65 Billion At September FOMC Meeting BL 4 Reasons Gold Falls Below $1,000 - Analysts CNBC End to Fed stimulus, China slowdown rattles swathe of world investments Reuters Santelli Rips Bernanke: What Are You Afraid Of CNBC “They take a press release from the Federal Reserve, and they think it was written by God!” Bill Gross: Bernanke Might be Driving in a Fog BLV The Second Great Depression DeLong Why the Economic Crisis Is Worse Than You Think New China billionaires blowing massive bubbles Farrell Why Government Spending Does Nothing for Jobs Baum Waving or Drowning: Developing Countries After The Financial Crisis Triple Crisis Smith A Potentially Tragic Taper Krugman - Baker - Sober Look 3% Treasury Yields? Reuters: “If rates continue to climb at a pace beyond the CBO forecasts, interest costs over 10 years could rise by hundreds of billions of dollars a year...”
SEC Should Target Individuals: Fmr. SEC Head CNBC Corrupted credit ratings: Standard & Poor’s lawsuit and the evidence VOX How the IRS keeps the $4.3 trillion nonprofit world secret WP Dolce and Gabbana Sentenced to Jail for Tax Evasion Reuters SPDR Gold Holdings Slump Below 1,000 Tons BL Video Bank of America ordered us to lie, ex-workers say MW Salon Record fine for rogue property trader Inde
China June flash HSBC PMI hits nine month low on weak demand Reuters Hedge fund Grandmaster sees stock market crash in China Reuters Repayment risk for banks - Xinhua SD Fund crisis pulls repo rate to 2-year high Germany's ascendancy over Europe will prove short-lived Pritchard Bear Market Collapse Scuttles $3.7 Billion IPO: Corporate Brazil BL Japan Inc. Sits on Italy-Sized Cash Pile as Abe Urges Investment BL Without a revamp of corporate governance practices that forces Japan Inc. to deploy its cash pile, it will be tough for Abe to transform the economy... Casino Money Gibe Turns Into Cyprus Strategy for Economic Crisis BL Protesters out again in Brazil's biggest city AP Economist: “...with marchers demanding less corruption, better public services and control of inflation.” Chinese City With Worst Smog Restricts Car Sales BL Singapore Smog Hits “Hazardous” All-Time High as Sumatra Forest Burns BL
Bernanke On Soaring Interest Rates: "We Were A Little Puzzled By That" ZH BL: “...the cost of protecting corporate bonds from default in the U.S. rose the most in 18 months...” Bond stampede fear... Emerging markets currencies dive on Fed MW Lone Dissenter No More: Fed Officials Have Divergent Objections WSJ
U.S. Stocks Fall as Bernanke Says Fed May Pare Stimulus BL Bernanke Says Fed on Course to End Asset Purchases in 2014 BL FED Dr. Doom: Buy Gold And These Two Things CNBC Guide to Fed Decision Day From Statement to Bernanke Press Talk BL If Bernanke really shakes the tree, half the world may fall out Pritchard Central banks are buying $1.8 trillion worth of AAA or safe-haven bonds each year from an available pool of $2 trillion What Now, Mr. Bernanke? Harrison Why Bernanke can't win Fortune Fed May Not Be Able to Tame Volatile Trading CNBC New China billionaires’ Happy Meditation Guide Farrell More Pain, More Trouble Ahead Fleck Bass Who Are The Real Traitors? JimQ US Treasury denies it is trying to torpedo Bitcoin Sovereign Man Headhunter for the Rich Turns on Them NYT What the utilities sector is telling us Hulbert ‘New Abnormal’ Is the New ‘New Normal’ – but What Is It? Santoli Everything is Rigged, Vol. 9,713: This Time, It's Currencies Taibbi Stockman's Non-Recovery Part 1 ~ Part 2 via ZH
Fox commentator paid $50,000 to tout stock MW State Budget Transparency: A Look Behind the Numbers Brookings Taken together, state and local governments are estimated to owe up to $4 trillion more than they have set aside for pensions and retiree health care. Is gold losing its safe haven appeal? CNN Ron Paul: Gold Could Go to 'Infinity' CNBC Gold-Bashing Mythology Hits New Crescendo Bullion Bulls Gagged by Big Ag Mother Jones Empire State Building gets 'left-field' $2 billion offer to sell Reuters
EU car sales slide to 20-year low Pritchard House price rises cool down in major cities CDaily FDI in May dropped - Stocks Fall China Swaps Gain Most in Five Years on Prolonged Cash Squeeze BL China's fastest-growing cities for millionaires CNN Banking Commission: Bankers should face jail and lose bonuses Telegraph Mervyn King outvoted on QE in his 194th and final MPC meeting Guardian Trade Talks:Deal Could Double German Exports to US Spiegel ASEAN powers ahead on path of sustainable growth Schroders Abenomics Mobilizes Japan Homebuyers to Action: Mortgages BL No. of suicides drops below 30,000 for first time in 15 years Japan Today China, EU to hold talks on solar row Shanghai Daily
Snowden Is 'Heroic,' Says David Stockman DTicker Housing Starts and Building Permits Disappoint BeSpoke Taper Talk: Bonds at Risk – Where to Hide? Merk The Game of Risk Saut Bremmer & Roubini Unveil the New Abnormal Institutional Investor Are Average Investors Better Off Since Crisis? Top Regulator Says: Not Really DTicker Obama Says Bernanke Has Stayed at Fed “Longer Than He Wanted” BL While neither the White House nor Bernanke have said definitively that the Fed chairman won’t seek a third term, there have been some signals that the chairman would like to leave. Abe-Bernanke 1-2 Punch Pummeling World’s Top Carry Trade BL Roubini: Fed Exit Strategy Will Be 'Treacherous' CNBC Colleges May Be the Next Burst Bubble Hutchinson Dow balloon really pinata Crudele Gold & Silver - w/ David Chapman, Ty Andros & Gordon Long via YouTube Bonds Versus Stocks - Just Ask Japan via ZH Krugman - Mish The Real Story of the Cyprus Debt Crisis (Part 2) Smith Detroit’s Recovery Plan Dips Into Pensions to Keep City Afloat BL Detroit Recovery Plan Threatens Muni-Market Underpinnings BL
Big Bond Bear Lurks, but Firms Still Love Debt CNBC Globally, corporate bond issuance has hit $853.8 billion so far this year, up 15 percent from the same period in 2012...This has come even though bond funds have suffered through consecutive weeks of record outflows. Corrupted credit ratings: Standard & Poor’s lawsuit and the evidence VOX University sells inside info – small investors screwed NYP Ex-UBS Trader Hayes Said to Face Libor Charge This Week BL Hedge Funds Cut Gold Bets as Paulson’s Loss Widens BL Gold Ratio to Equities Reaches Four-Year Low: Chart of the Day BL Gold's Neglected Cousin to Face Supply Squeeze CNBC Jim Rogers: “Thank Goodness” For Gold’s Correction Kitco
Trade deficit at seven-month high as gold imports surge Reuters Tax raid tarnishes India's gold industry: association Reuters Chart of the Week: India Declares War on Gold Sprott China’s Stock Intervention—Expect More Meddling CNBC Japan on steroids - will it work? DBR Emerging Markets Briefer - June 2013 Danske After Turkey, Brazil Hit by Widespread Protests CNBC Threat to Hong Kong's International Status AS
Putin, Obama face off over Syria at tense G8 summit Reuters
The Price of Distortion Hussman Permanence Price Gleanings Saut Central Banks Failure to Communicate Boosts Bond Yields BL Markets awaiting Fed meet Keenan A dark reading of the end of hot money FT (via Google) Economists Blame Fed for Higher Bond Yields WSJ It's not just the Fed EB Are We Headed for Fiscal Oblivion? Minyanville Fears of New Housing Bubble Full of Air WSJ (via Google) Outside of a recession, starts haven't been this low since the mid-1960s when the U.S. population was less than two-thirds of today's level. 4 current trends in the housing market Dr. HB The interest rate effects of government debt maturity BIS ”Old Guys Rule”? Nope. 7 reasons women rise Farrell The Real Story of the Cyprus Debt Crisis (Part 1) Smith Russian Cyprus round-tripping: Corruption-linked money laundering VOX
Companies Brace For Scrutiny After Tax Haven Data Goes Public HP Workers Accuse Bank Of Deliberately Misleading Homeowners HP How Wall Street Defanged Dodd-Frank Nation Analysis: Why bankrupt W.R. Grace is thriving Reuters Fracking fuels water fights in nation's dry spots AP $100 a Barrel Looms for US Crude This Week CNBC
Fitch says China credit bubble unprecedented in modern world history Pritchard Economists puzzled by state of economy China Daily All eyes on Mark Carney's first move as Bank of England's new governor Guardian Analysis: Japan PM Abe's true test; rising government bond yields Reuters Big Short on Aussie Tells Loomis Time to Buy BL
Ancient Roman Concrete Is About to Revolutionize Modern Architecture BW
Wall St. Week Ahead: Investors will look to Fed to ease volatility Reuters Insight: Withdrawal syndrome sparks anxiety for Fed Reuters “Creditors are being asked to take about 10 cents on the dollar of what’s owed them.” Detroit Economists Are (Still) Clueless Mauldin Detroit on Brink of Bankruptcy Suspends Some Debt Payments BL The King of EM Noland Changing Picture Schwab Market Perspective The Fed and emerging markets Economist What If The Secular Bear Market Is Not Over? Harding Global Views Scotia Global Equity BMO Buy Or Rent? BMO Weekly Focus: Markets rattled by soft patch and central bank uncertainty Danske Yield Forecast Update: Volatility is back Danske Stunning Images From China: Ten Thousand People Waiting In Line To Buy Gold ZH Interview: Jim Rogers ... Fusion Embry Why Is Gold Draining Out of COMEX Warehouses? Weiner Strategies: Suddenly, Retiree Nest Eggs Look More Fragile NYT Dad’s Day Is a Whole Lot Busier Than 50 Years Ago CNBC
In Countrywide Case, Watchdogs Without Any Bark Morgenson Exclusive: Deutsche Bank 'horribly undercapitalized' - U.S. regulator Reuters Dealing with “Too Important to Fail” Banks Brookings Richest Plunge $16 Billion, Murdoch Loses Wife No. 3 BL Younger Households Are Slower to Make Gains in Net Worth Norris
China braces for capital flight and debt stress as Fed tightens Pritchard Singapore punishes 20 banks in benchmark rate review Reuters Bond bubble threatens financial system, Bank of England director warns Guardian Long-Term Look at the Nikkei Swenlin China Debt Sale Fails for First Time in 23 Months on Cash Crunch BL Investors can't afford to treat all emerging markets the same Telegraph Italy's coalition issues package of measures to boost economy FT Chinese Tycoon Looks to Build Panama Canal Rival AP Korea Faces Deflation Crisis Chosun
Russia Hits Back at U.S. Over Syria WSJ
IMF urges repeal of 'ill-designed' US cuts Telegraph
U.S. Stocks Fall on IMF Outlook, Warning on Stimulus Exit BL Consumer Sentiment Declines - Current-Account Deficit in U.S. Widens 3.7% in First Quarter Analysis: Fed Likely to Push Back on Market Expectations of Rate Increase WSJ La Monica Is Abenomics Doomed—or Will Japan Un-Doom Itself? Atlantic The Investment World Is Flat Kass Why markets are shaking MSN Household Wealth: Has It Recovered? FRBSL Global Macro Views: Working through the US soft patch Danske Lessons of a Greek Tragedy Eichengreen FX Rates Said to Face Global Regulation in Libor Review BL An Abundance of Bad Decisions Smith AAII Sentiment - Volatility - Triple Crisis - A-Man - RB
U.S. Agencies Said to Swap Data With Thousands of Firms BL B of A's Refi Pitch a Bubble-Era Flashback American Banker What Wall Street bankers have in common with teenagers CNN Goldman CEO Blames Economy's Problems On The Media HP Fears raised over close ties between RBS and top accountant KPMG Inde Is Gold at a Turning Point? Peak Prosperity Grandich
Euro zone inflation off three-year lows, fall in employment deepens Reuters U.K. House Prices Rise to Record as Mortgages Loosen BL Japanese equities fall as sentiment reverses Schroders Morgan Stanley Explains The Two Simple Reasons Emerging Markets Are Getting Crushed BI Now, China Watchers See Growth Below 7% CNBC Over-leveraged Chinese SoEs causing concern FA Feeding China Asia Sentinel EU files WTO dispute on steel measures China Daily Carney: Bank governor's journey from wilderness to heart of the City Guardian Merkel Got Taste of Markets From East German Blueberries BL
Jobless Claims Decreased by 12,000 Last Week to 334,000 BL Retail Sales World Bank Cuts Global Outlook as China Slows BL World Bank Top U.S. CEOs Expect Slow Economic Growth Ahead WSJ Sell the Dollar? Case for Hard Currencies Merk End of Cheap Money:Can the World Handle Higher Interest Rates? Spiegel Quantitative Easing Withdrawal: How Bad Will it Hurt? Brookings Global Tumult Grips Markets WSJ Question for Investors: Bumpy Return to Normal or New Volatility as Central Banks Step Back? The Dijssel-Bomb Sprott The Ultra-Easy Money Experiment William White The real threat to the markets this summer MSN Broad stock decline gathers momentum MW Dominos Falling 'These Are Very Scary Times': Dennis Gartman CNBC John Thain: 2008-Style Crisis Can Absolutely Still Happen BL (via SH) A Treasury bond buying opportunity triggered by an emerging market storm? CCurrents New Home Prices Say What’s Different This Time Baum The Man of Steel and Ben Bernanke Lewis A wing and a prayer retirement plan MyBudget Crushing the Middle Class Browne A Great Sucking Sound: Part 3 Triple Crisis Mish - Saft
Rival hedge funds hope to feast on SAC Capital redemptions Reuters IBM’s U.S. Job Cuts Reach at Least 1,300 BL No Reason to Fear a Housing Bubble Kiplinger Banks seized more U.S. homes in May, RealtyTrac report shows Reuters A Rising Star Emerges at Berkshire WSJ Silver Faithful Taking $5 Billion Hit in Crossfire: Commodities BL Schiff: Gold Is Going 'to the Moon' CNBC
Asia stocks swoon; Japan, China markets plunge Nikkei down nearly 22 percent since multiyear high ~ WSJ - “Fear” Italian showdown with Germany over euro looms closer Kiplinger As Japan seeks revival, hedge funds bet on horrifying bond bust AP Yen Surges Past 95 Against U.S. Dollar on Japan Flow Data BL Emerging-Market Volatility Shows “Herd Mentality” WSJ Hong Kong Democracy May Lead to Conflict With China, Leung Says BL Bank of Korea Holds Rate After Cut in May to Fight Yen’s Decline BL Snowden: US government has been hacking Hong Kong and China for years SCMP Snowden Is Too Hot for China to Handle BL
Dow Posts First Three-Day Drop This Year on Stimulus Bets BL Markets Insight: The Fed has turned markets upside down Rosenberg (via Google) Equities are being sought for income, and bonds for capital gains: a fascinating reversal Dollar At Risk? Case for Managing Currency Risk Merk Can Bernanke Avoid a Bond Meltdown? BL Analysis: Emerging market crunch may cause Fed to think twice Reuters 11 dark trends killing Millennials’ dreams Farrell Every Major Asset Class Is Overpriced: Analyst CNBC “It is amazing how quickly bubble behaviors from the last decade have come back” Wall Street can’t quit Fed addiction Weidner New Math Makes It Easier to Lower Unemployment CNBC Gross: All Assets Are Risky, but I'm Buying Treasuries DTicker Obama still failing as CEO of USA, Inc. Morici
'There Was No Bull----!' Dimon Traders Said to Rig Currency Rates to Profit Off Clients BL Employees have been front-running client orders and rigging WM/Reuters rates by pushing through trades before and during the 60-second windows when the benchmarks are set... Investors Sue Government Over Fannie, Freddie Stock CNBC Paulson Gold Fund Fell 13 Percent in May to Steepen Loss BL JPM Vault Gold Drops To Fresh Record Low As Withdrawals Accelerate ZH How and when will the firm reconcile what is seemingly more demand for JPM vaulted gold than the firm has in its possession? Platinum: ETF Demand Points to a Price Increase Sprott Investors love the CEO merry-go-round La Monica Goldman Loan Backed by Collection of Fine Wine FOX
Behind the Rout in Emerging-Market Stocks BL Greece Is First Developed Market Cut to Emerging BL Japan’s Worrying Probability Tree WSJ “What if it's Not an Asian Century After All ASentinel Netherlands opposes EU solar panel duties China Daily The rise and rise of the Italian hedgie Warner Chinese National Gets 12 Years for Pirated Software BL Clashes Escalate: Turkish Economy Depends on Political Stability AP Korea Has Most Credit Card Transactions in the World Chosun
Wall Street Ends Sharply Lower on BoJ Policy Reuters Pimco Sees 60% Chance of Global Recession in Five Years BL Get Used to U.S. Bond Yields Nearer 4% Than 2%: O'Neill BL S&P revises U.S. credit outlook to 'stable' from negative Reuters Panic time for Treasurys? MW "Thinking About Thinking?" Saut The End of Growth? Das Depressing Chart Shows How Workers Are Getting Squeezed HP Forecast Calls for Volatility WSJ (via Google) Investors Bracing for More Sharp Swings in Stocks, Commodities and Currencies How did we get here? A "map" of the Fed's balance sheet's history Sober Look More to forecasting than neoclassicals and Nostradamus Keen Fed’s Bullard Says Low Inflation May Warrant Longer QE BL Fed to taper by fourth quarter: poll MW "Should The Fed Lose Control, The Downside Move In Markets May Be Terrifying" ZH Places where homes sell in a day MW IMM positioning: USD bulls draw their horns in for a while Danske
Citigroup Facing $7 Billion Currency Hit on Dollar, Peabody Says BL Default Risk for Major US Banks and Brokers BeSpoke Verizon’s Top Secret Deal With Pentagon Was Made Public in Annual Filing With SEC NYS GM Stock Sale Brings Government $3.2B This Year AP Gold Bear Market Seen Extending to $1,303: Technical Analysis BL Deutsche Bank Starts Gold Vault for 200 Tons in Singapore BL “We have strong demand from existing clients who are looking to diversify their physical gold assets to Singapore” Shale Oil Could Fuel the World for a Decade CNBC
Global shares, dollar dip as BOJ disappoints Reuters What Abenomics tells us about the great bond market asset bubble Warner Asian currencies hit new lows as Fed fears resurface Reuters Which of the emerging economies is afraid of higher interest rates? DB Research Halfway to an emerging bear market Saft Fitch warns on risks from shadow banking in China Reuters “It is a wild west atmosphere in many respects and that is one of the reasons why we are so worried” China state auditor warns over local government debt levels Reuters China’s Cold Eye on Hot Money Project Syndicate The Bundesbank Is Playing a Dangerous Game Spiegel With its opposition to the ECB's bond-buying policy, the German central bank is pursuing a risky strategy that may stem in part from a desire to enhance its own power. Aussie Falls to Lowest Since September 2010 as Home Loans Slow BL Exclusive: EU to seek WTO ruling against Chinese steel duties - sources Reuters
Big Banks Bet on Jumbo Mortgages Again CNBC 2009 vs. 2013 Hussman Taper relief Price Eurozone: three countries have debt-to-income ratios of more than 300% Guardian The US is in even worse shape than Greece. Its $16tn (Ł10tn) debt is the equivalent of 105% of GDP, but more than 560% of government revenues... When the bond bubble finally bursts, a lot of investors will get hurt Bootle Given Its Highly Risky Balance Sheet, It's Time To 'Stress Test' The Fed Forbes Housing's Up, but Is Foundation Sound? WSJ (via Google) How America Lost Its Way Ferguson Government Spying: Should We Be Shocked? Paul The Big Shrug Krugman EB - ZH
When Market Incentives Undermine Morality BL 10 things economists won’t tell you MW Hedge fund’s wild side: The man who lost $8 billion Salon On the IMF’s Big Fat Greek Woulda-Shoulda-Coulda BL Gold Bull Bets Reach Seven-Week High Before Retreat: Commodities BL Alex Jones Sells Gold on Sirius With Bombing Conspiracies BL The $75,000 table (chairs not included) MW
Japan current account surplus doubles; GDP revised up Reuters Bloomberg: Nominal GDP, which is unadjusted for changes in prices, rose 0.6 percent from the previous three months, leaving the economy 7 percent smaller than in the same period in 1997. In Japan, Abenomics focus is on corporate capex Finance Asia Give away Ł34bn bank shares to taxpayers, Chancellor told Inde Yuan loans less than expected Shnaghai Daily China Downturn Could Be 'Most Drawn-Out' Since 90s CNBC “Deflation [producer prices] has lasted for 15 straight months, compared with 12 months during the Global Financial Crisis [in 2008-2009]” Calling time on world’s factory workshop MW
Number of the Week: 140% Increase in Food Stamp Use Since 1990 WSJ
Twenty-Year Anniversary of Market Backstops Noland Banzai! Banzai! Banzai! Mauldin Cheap credit has inflated the markets, and we could be in for a crash landing Observer Trying to solve a debt problem with more debt has created a bigger bubble, and it's hard to see what the central banks can do The Fed's 'taper' and other fairy tales Fleck Easy Fed money keeps NY humming, but what happens when it’s gone? Whitney Gauging U.S. Bubble Risks BMO Timing the Taper Schwab New Tools And Mitigating Factors Could Accompany Fed Tapering Scotia Percent Buy Index Warns of Market Top Swenlin Which Way For Gold From Here? Harding Why Wall Street loses its mind every summer Arrends Unsound Money Means a Corrupt Society G. Long Weekly Review: Bubbles, Bubbles and Housing Bubbles Hansen How the Bernanke asset bubble ends DailyWealth Global Views Scotia Global Equity BMO Weekly Focus: Europe delivers the good news Danske For Retirees, a Million-Dollar Illusion NYT U.S. Household Worth Tops Pre-Recession Peak for First Time BL The confidence game in housing Dr. HB The return of irrational exuberance to Las Vegas MyBudget As Home Sales Heat Up Again, Buyers Must Resort to Cold Cash NYT
Some Baby Steps on Money Funds Morgenson Warren Buffett's Berkshire eying Unipol insurance assets: report Reuters Want to Fix Social Security? Use the Right Wrench NYT
US, China Seek 'New Model' Between Two Superpowers CNBC China May Industrial Output Rises 9.2%, Trailing Estimates BL Cross-border yuan settlement surges China Daily China Export Growth Plummets Amid Fake-Shipment Crackdown BL China sees rising perils of bad loans China Daily Hollande says EU, China must resolve trade disputes Shanghai Daily Is 100pc reserve banking the solution to all our problems? Warner Hollande tells Japan the eurozone's debt woes are 'over' DW The Work of North Korea's Art Factory BW
“People are wary of once again feeling that it's not going to work. I can't tell you the mass of clients who said 'I put money into the market in 2003, 1999,' failure, failure, failure” CNBC
Treasuries Slide as U.S. Jobs Data Sustain Wagers Fed May Taper BL The Wisdom of Crowds Absolute The Stock Market Is Topping Out Comstock Investors Pull Record $12.5 Billion From Bonds, Citigroup Says BL Austerity Principles, or How to Save an Economy in Crisis BL Easy-Money Addiction Could Hurt Performance WSJ The Fed has cut back on stimulus twice before in the past three years. Each time, the market hated it. Quantitative Quicksand Meltzer Falling Inflation Expectations Duy Smith $1 Trillion Debt Crushes Business Dreams of U.S. Students BL Global Real Estate Trends Scotia
How the Robots Lost: High-Frequency Trading's Rise and Fall BW Fannie Mae and the Hedge-Fund Bet Weil Both companies’ common shares are up more than sevenfold this year, in yet another sign the capital markets have gone haywire. Home Loan Rates Near 4% Send Buyers Scurrying BL Fewest Hedge Funds Invest in Gold Since 2010 as Assets Fall 31% BL India Move to Douse Gold Demand Unlikely to Succeed BL Drillers Silence Fracking Claims With Sealed Settlements BL Hear Bono Sing to Warren Buffett CNBC
Olli Rehn should resign for crimes against Greece and economics Pritchard Bundesbank cuts German growth outlook Guardian ECB says eurozone recession will deepen this year G The Mystery of Why Portugal Is So Doomed Atlantic Specter of Another Bond Crash Spooks Asia Pesek Canadians get the message on saving more, borrowing less G&M China's economy might be No 1 in 2030 China Daily China: The Dark Side of Growth YALE Secret Intelligence Fuels U.S. Hacking Fight With China BL Brazil’s BBB Rating Outlook Cut to Negative by S&P on Weak GDP BL
Yen Rally Sends Shock and Selling Through Markets CNBC At one point, the U.S. dollar lost about 4 percent to the Japanese currency as the pair trade tumbled through its 50-day moving average. Soros shorting yen, buying Japan stocks: report MW
Margin Buying Surpasses 2007 Danger Levels – Is Another Market Crash Coming? MMorning 'Dangerous Divergences' Between Bonds and Stocks Dorsch Market Pullback Could Finally be at Hand CNBC Will the Dollar Drag Dow Down Further? CNBC AP survey: Economists see no stock market bubble AP Investors uneasy over Fed’s next move AP Can the Fed Make Up Its Mind on QE? Baum Wall Street Building a Housing Bubble? FOX The REAL Reason Housing Prices Have Skyrocketed Wash Blog A a different kind of housing bubble? Dr. HB Are We on the Brink of Another Housing Bubble? Fool Surging home prices fuel fears of a new bubble Seattle PI Watching for a Possible Housing Bubble -- Again... Yahoo First Quarter Hourly Compensation Plunges 3.8%, Most on Record... Mish BLS $179,000 Each--In Debt Smith Senators renew push against China currency 'manipulation' despite yuan's rise Reuters To the frustration of many lawmakers, the Treasury has not cited any country for currency manipulation for two decades IMF admits: we failed to realise the damage austerity would do to Greece Guardian
SEC moves to tighten regulations on money market funds Reuters SAC: We Will Survive 'Significant' Redemptions CNBC Analysis: Buffett utility deal may signal big push to invest cash Reuters Madoff: Don’t let Wall Street scam you, like I did MW Bancorp sued over 'Midwest Madoff' brokerage accounts Reuters US v. Apple could go to the Supreme Court Fortune Bilderberg: The most exclusive, secretive schmooze-fest in the world G&M Spam doubles as bull market returns CNN The culprit appears to be the booming stock market Are gold and silver close to bottoming? CNN
The Abenomics effect deflates Saft Emerging markets displace Europe as fulcrum of world risk Pritchard This is not your 1990s housing market G&M China Vanke Chairman Says Country Faces Risk of Property Bubble BL China Blogger Questioning Home Prices Taken to Tea Party BL China has more cards to play in EU trade dispute: People's Daily Reuters China's Investment Foray Into Indonesia Asia Sentinel EU put eurozone safety before Greece during bailout, IMF says Telegraph Bankers bash themselves as survey reveals toxic culture Inde Japan dotcom jailbird back in business AFP Brazil Tax, Interest Rate Moves Signal A Pragmatic Shift WSJ
Japan keeps slipping, some sectors already in bear market MW
Wall Street Closes Sharply Lower, Dow Breaks Below 15,000 Reuters Fed Survey: Growth Improves Modestly Throughout U.S. Reuters Beige Book Companies add more jobs but growth disappoints Reuters Doomsday poll: 87% risk of stock crash in 2013 Farrell Fed poised to evaluate bond buys, 'fine tune' tactics: Fisher Reuters The Threat to the Central-Bank Brand El-Erian Low Interest Rate Addictions Pento The Fed's Zero Interest Rate Policies Amount To A War On Jobs Forbes Following the Fed to 50% Flops Mauldin UCLA Anderson Forecast paints dismal picture of economic recovery LAT “It's not a recovery. It's not even normal growth. It's bad” Omissions of the Omen: "Hindenburg Omen" and the Selloff Last Week Sonders The Demise of Money and Credit American Spectator A Great Sucking Sound: Part 2 Triple Crisis Mish - EB - Surowiecki
JPMorgan’s Alabama Debacle Set to Cost Bank $1.5 Billion BL Smithfield Pork, Bangladesh Textiles, and the Cost of Cheap BW 3 value stocks the smart money is buying now MW Apple Loses Its First Big Patent Ruling BL Shuanghui’s US acquisition highlights pork war Finance Asia Steve Martin Lists St. Barts Villa for $11 Million CNBC Here's What Happens When Protesters Stand Up To Abercrombie HP RBI bans gold imports with bank credit Economic Times Gold Still Gleams for China's Miners WSJ
Japan stocks sink as Abe's growth blueprint revealed MW Special Report: Japan Boldly Resets Its Economy Wharton China services growth modest, adds to economy concerns Reuters Real estate sector at crossroads China Daily The Threat to the Central-Bank Brand YALE EU Hits China With Solar-Panel Duties in Dumping Dispute BL The EU’s action “is an emergency measure to give life-saving oxygen to a business sector in Europe that is suffering badly from this dumping” Solar duties risk China-EU trade ties Xinhua China launches EU wine export inquiry as trade war fears grow Guardian Is the euro a foreign currency to member states? VOX Syrian army captures strategic border town of Qusair Reuters
Fed’s George Calls for Reducing QE Citing Risk-Taking BL Dr. Doom Marc Faber: Don't Bet on New Market Highs CNBC Wounded Heart Gross Deus Ex Machina Things That Make You Go Hmmm... Danger Ahead: Easy Money Is No More TheStreet You thought central bank money printing was at an end? Don’t bet on it Warner What the markets are trying to tell us El-Erian Harrison More evidence the very heart of the US economy is failing AEI "Never on a Friday" Saut Will the Crash Be This Year or Next Year? Hutchinson 18 Signs That Massive Economic Problems Are Erupting All Over The Planet ECollapse Calm before a deathly debt storm Keen Echoes from the Summer of 1929 Ackerman Long & Smith - MyBudget - RB - Smith U.S. wealth chiefs to investors: Come back to stocks Reuters Dr. Boom'? Roubini Sees Two Years of Stock Gains CNBC Economically, Could Obama Be America's Worst President? Ferrara Solar Wars Threaten Climate Fight Triple Crisis Household debt IMM positioning: Investors record long USD Danske
Behind the Rise in House Prices, Wall Street Buyers NYT Whale of a Trade Gone Awry Revealed at JPMorgan BL What the documents show is that Dimon presided over a company whose traders amassed growing positions in complex derivatives and whose executives offered rosy forecasts, withheld information from regulators and ignored risk limits that were breached 330 times in the first four months of 2012. Jamie Dimon's $5 billion bet against bonds Fortune Rajaratnam's brother Why Didn't the SEC Catch Madoff? It Might Have Been Policy Not To Taibbi Insight: Corbat faces ghost of Weill's deals in Citi's machines Reuters Bank of America $8.5 billion mortgage settlement case opens Reuters SAC may cut staff, offices as probe pushes investors away Reuters Gold Holds Advance After Climbing Most in Two Weeks on Stimulus BL TIPS & Gold Redemptions in the GLD are, oddly enough, Bullish for Gold Sprott
Merkel Maligned: IMF Board Attacks Euro Crisis Management Spiegel Research Euroland: Fact Book Spain Danske A coming boom in the eurozone periphery? (technical) Pritchard Abe says won't flinch at volatile Japan market AFP Exclusive: Abe to urge review of Japan's public fund strategy - sources Reuters Japan Fails to Plow Yen Profits Back Into Capital Spending BL Russia RTS Gauge Drops 20% From Year High, Set for Bear Market BW China Crisis Is Good for the Global Economy Pesek Property prices rising in major cities China Daily
Manufacturing in U.S. Shrinks at Fastest Pace in Four Years BL Following the Fed to 50% Flops Hussman It’s certainly true that favorable monetary conditions are helpful for stocks, on average. But that average hides a lot of sins. Global economy balanced on a pinhead Xie Why we write Price America the Quitter getting whipped by China Farrell It's all one trade Fleck Bonds Tumble Worldwide as Stocks Reach Highs on Growth Optimism BL CNBC: Global junk bond issuance is at record highs this year—and thus at the greatest danger should yields start rising. The Social Cost Of Capitalism Roberts Bernanke: “Don't be afraid to let the drama play out” Reuters Speech BIS Quarterly Review June 2013 BIS -- Markets under the spell of monetary easing BIS Cecchetti: “With the outstanding volume of government bonds greater than ever, interest rate risk — expressed as potential losses in relation to GDP — is at a record high in most advanced economies” A Great Sucking Sound: Part I Triple Crisis Smith - Mish - Ritholtz Is Social Security running out of money? EB
Illinois credit concerns rise after failure to fix pensions Reuters BIS lays out "simple" plan for how to handle bank failures Reuters SAC Insiders Said to See Most Client Cash Gone by 2014 BL Barclays Pulled Into US Money Laundering Probe Reuters Gold Advances as Investor Outflows Slow, Dollar’s Rally Stalls BL Silver shorts play a dangerous game MW What doesn’t glitter may be gold MW Brent Crude Drops Below $100 as OPEC Maintains Production Target BL
China PMIs highlight economic momentum slowing down Reuters China May Home Prices Jump, Defying Tightened Curbs BL ECB's Draghi says euro zone on track for "very gradual" recovery Reuters Housing bubble set to pop: Home-owners hit by economic slowdown as experts predict 20 per cent drop in sale profits Daily Mail London parties like it’s 2007 Arends Commentary: Do soaring real estate prices point to recovery or bubble? China Defies U.S. and Japan, Asserts Rights to Disputed Seas BL Roach: “Investors are starting to believe that if there's no follow through in structural reforms then this program [Abenomics] is not going to get traction” A shot in the arm for Japan's economy? Aljazeera Most Listed Korean Companies' Profits Dwindle Chosun Emerging Market Dominoes to Fall as SocGen Sees Rout BL Turkey faces market turmoil after riots Telegraph Insight: North Korean economy surrenders to foreign currency invasion Reuters On the black market the won has shed more than 99 percent of its value against the dollar since the revaluation
Jobs Trump All Else on Wall Street Next Week CNBC Central Bankers Gone Wild Mauldin It's Going to be Another Interesting Summer Noland Don't Let Them Fool You, We Still Have Debt Problems Brookings Treasuries Loss Is Biggest in 3 Years as Fed Mulls Tapering BL NYSE asks SEC to reinstate volatility curbs Reuters Copper-SPX Disconnect ZEAL Treasuries’ Fantastic Five BMO After the Gold Rush Roubini Global Views Scotia Global Equity BMP Weekly Focus: Fed exit moving closer Danske
Quantity Over Quality in Bank Profits Morgenson There are still too many problem banks Fortune Gates Widens Lead Over Slim as Richest Lose $27 Billion BL On sale now: Canada’s gold reserves G&M “We’re trading at a bit of a discount. We aren’t exactly sure why” Commodity boom: The smartphone’s global price war G&M Commodities Update - OPEC split below the surface Danske This dividend fund is likely to chop its monthly payout again G&M
China’s Manufacturing Expansion Exceeds Analyst Estimates BL China’s Economic Empire NYT How much longer can China grow? Ask an actuary G&M
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