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Worlds Richest Lose $33 Billion This Week BL Wall Street Logs Worst Week in 2012 Reuters Schwab Market Update Facebook Falls Back to IPO Price WSJ Nasdaq Glitches Disrupt Debut Europe thinks the unthinkable on Greece Reuters Facebooks Years of Private Trades Revealed CNBC 'Facebook is over-hyped' Fed May Prefer Another Twist to Adding Assets BL Facebook IPO Draws Highest Ever Retail Demand CNBC Irish Banks May Tip State Into Bailout 2 BL More Turmoil to Come, Buy Real Assets: Jim Rogers CNBC Liquidity Risk and Credit in the Financial Crisis FRBSF What Dow Theory says about correction Hulbert Global banks see market rally on Greek exit Pritchard Betting that world authorites will flood the international system with liquidity... Will the Fed and the ECB Put in Place New Financial Accommodation? NT Gold Sets For Rally As Fed And ECB Rev Up The Printing Press Forbes The Bernanke Bust - European deposit flow and the money supply Pollaro Forget Greece, China Is Biggest Risk: Marc Faber CNBC Tim Geithner On Dimon: Federal Reserve Banks Have 'Perception Problem' HP Apocalypse Fairly Soon Krugman - Peter Grandich - Smith Q&A - Baum JPMorgan Unit Has $100 Billion of Risky Bonds FT LTCM. Amaranth. JP Morgan? “Two years ago they kind of kicked off [renewed market activity in risky assets]. It was like they provided some kind of ‘philanthropic service to the market to encourage it to get going.” Is Dimons ‘Stupid Defense a Smart Move? D. Gross Facebook Prices IPO at Record Value WSJ Take this Facebook IPO and shove it MW Facebook Is a 'Lottery Ticket': Analyst CNBC Ben Grahams Net-net … Alive, well & working in 2012 Pabria HP Considers Cutting at Least 25,000 Jobs Reuters JPMorgan's Dimon says will testify before Congress Reuters Was Ackman really needed to shake up CP? G&M Dollar-Wary China Soon To Be World's Top Gold Buyer Forbes Silver trading active in first week Shanghai Daily Spain beset by bank crisis, downgrades, bond pressure Reuters Spanish Banks Downgraded as Borrowing Costs Soar Reuters “This unfavorable trend looks set to remain firmly in place ... Ultimately, this ratcheting up of yields will likely require some form of outside intervention.” Banks' Rising Bad Loans Add to Spanish Troubles CNBC 'Vulture funds' circle as Greece fears grow Inde Kenneth Dart...was handed an estimated €400m (£320m) cheque from Greece this week, after successfully calling the country's bluff and refusing to take part in the restructuring... The Greek run Economist It is not a good idea for Greece to leave the euro. But it is time to prepare for its departure The Hayek Effect: The Political Consequences of Planned Austerity American Why Chinas RMB exodus IS the story FTA Only reforms can revive Chinas growth Xie China Car Dealers Struggle as Stockpiles Rise BL Dealerships for Honda, Chery, and Geely carried more than 45 days of inventory as of the end of April, exceeding the threshold that foreshadows debilitating price cuts... Even $3T Cant Buy China Love or Good PR Pesek BRIC Bear Market Not Cheap Enough for de Vaulx Finding Zero Buys BW Bovespa Enters Bear Market as Global Economy Concern Deepens BL Iran attack decision nears, Israeli elite locks down Reuters
Golds hasty demise from safe haven to risky asset G&M Buffett's Berkshire to Buy Media General Papers AP Mortgage Rates Hit Fresh Lows: 30-Year at 3.79% TheExchange U.S. Jobless Claims Showed No Improvement Last Week BL Analysis: U.S. bond bulls not ready to call off the charge Reuters Will This Decade Be More Grim Than the 1930s? CNBC America is getting close to this point now – every injection of stimulus having a smaller and shorter-lived effect than its predecessor with some estimates now indicating that each $1 of stimulatory input results in only 12 cents of additional output. Fitch Says Global Banks May Need $556B Reuters JP Morgan, TBTF and ZIRP Saft Salmon - EB - Keen - Smith - Reich Supply-Siders Case for Austerity Carries No Shame Shlaes Is Greece the Lehman of 2012? La Monica A Harvard MBA's radical quest to erase his debt Fortune Luxury Homes Spur Bidding Wars in Los Angeles BL Even properties in need of extensive renovation are being fought over by shoppers who expect to resell them for more after a remodel or rebuild. Foreclosures Plunge to Five-Year Low in U.S. Recovery: Mortgages BL JPMorgan's Trading Losses Have Jumped at Least 50% NYT 4 hard lessons of 2008 Dimon must accept Farrell JPMorgan's future losses at the mercy of an obscure index Reuters For the Rich, Diamonds are the New Stocks CNBC Ahead of Facebook I.P.O., a Skeptical Madison Ave. Dealbook India Set to Overtake US as Facebooks Largest Market CNBC Insight: Peak, pause or plummet? Shale oil costs at crossroads Reuters China Q1 gold demand hits record, bucks global fall- WGC Reuters WGC: “Central banks across the globe continued the now established trend of net purchasing with demand in Q1 2012 reaching 80.8t” “The hope is that a departure from the eurozone would happen over a weekend, allowing each of the UK's major banks to deploy hundreds of people to switch over computer systems to allow them to handle the Greek drachma again....” Eurozone banks nearly collapsed, says ECB director Guardian Exclusive: ECB stops operations with some Greek banks Reuters The ECB only conducts its refinancing operations with solvent banks. Cost of Greek exit from euro put at $1tn Guardian Spain could be locked out of the markets, says Mariano Rajoy Telegraph 'If We Leave the Euro, Everything Will Be Worse' Spiegel Flight of the euros - Any vague “connection” to Europe is enough to get you hammered: David Cameron: “Either Europe has a committed, stable, successful eurozone … or we are in uncharted territory.” Eurozone is 'tearing itself apart', says Mervyn King Telegraph Bankia shares plunge again on worries over finances BBC China's assets in euros 'must be protected' China Daily China consumers less willing to spend in first quarter: Nielsen Reuters Net lending by big-4 Chinese banks almost zero Shanghai Daily Money is fleeing China Macro Business China's US$5.8b subsidy scheme to boost consumption Shanghai Daily Official: Yuan much more convertible China China's currency is just around the corner from being fully convertible and the economy's capital account is already far more convertible than outside institutions give it credit for... HK willing to promote worldwide use of the yuan Shanghai Daily Welfare recipients hit another record Yomiuri Has Canada Contracted Dutch Disease? WSJ
JPMorgan Trade Fallout 'Could Get a Lot Worse': Whitney CNBC Several on FOMC Said Easing May Be Needed on Faltering BL Minutes Facebook IPO Triggers Retail Investor Craze Reuters Shareholders Sue JPMorgan Chase Over Trading Loss Reuters New Home Construction in U.S. Exceeded Forecasts in April BL Put Your Money Where Your Mouth Is Grandich Low interest rates pressuring US bank margins DB Research FX Forecast Update: Summer headwind against the euro Danske Yield Forecast Update The real Dimon Principle Hulbert Why We're All J.P. Morgan Now Arends Crossroads Aleph Blame Ben - Dr. HB - Sheehan - Panzner - Spitzer What will a Greek default mean for you? G&M The Clash of Generations Kotlikoff and Burns The Global Economy: What the Next Three Years Will Look Like El-Erian Accidentally Released - and Incredibly Embarrassing - Documents Show How Goldman et al Engaged in 'Naked Short Selling' Taibbi Warren Buffett's Berkshire Buys 10 Million GM Shares CNBC Facebook Boosts Share Offering by 25% to Raise as Much as $16B BL Regulators Snooze While JPMorgan Lights the Fuse Weil Hedge Funds Worry About JPMorgan Probe CNBC Tight rules would not have stopped JPMorgan losses Das Obama has assets in JPMorgan accounts: White House Reuters Gatess $4 billion foray in global family planning Farrell Gold Tumbles Into Bear Market BL The “shaky hands” will continue to be shaken out of the market Barrons Gold Price Can Rise Once Its Euro Correlation Fades WSJ Checking the Vaults - Germans Fret about Their Foreign Gold Reserves Spiegel Are the bars really where they are supposed to be? U.S. energy independence is possible USAT Counting the output from Canada and Mexico, North America is "the new Middle East," Citigroup analysts declare in a recent report Oversupply in platinum market on recycling Shanghai Daily Fears of US farmland bubble echo history FT (via Google) Finding Sources of Rare Earths beyond China NCPA “You cannot keep on milking a cow without feeding it.” Grexit will cost 155bn for Germany, France ... Pritchard Mish Foreign holders of €422bn of Greek debt warned to brace for "killer losses" Lynn: “Germany will realize the risks involved, eat its words and come up with a mega bailout.” Merkel: I Want Greece to Stay Greek Central Bank Warns President of Anxiety BL Greece on brink of collapse Telegraph Merkel and Hollande spell out Greek fear FT Greeces predicament: Lessons from Argentina VOX Unscrambling the Euro Eggs Krasting Greeks Withdraw Nearly $1 Billion From Local Banks CNBC Italy's banks shaken as economic slump deepens Pritchard European Finance Ministers Reach Compromise NYT The agreement was required for Europe to implement new global rules on banking standards known as Basel III... US to keep duties on Chinese foundry coke China Daily Vancouvers real estate swoon deepens G&M Underwater Hotel to Be Dubai's Latest Extravagance BL
China Buys More U.S. Treasuries in March BL TIC
High-Speed Trading: Profit - and Danger - in Milliseconds CNBC FBI opens probe into JPMorgan loss Reuters Geithner 12 year old delivers scathing critique of Canadian banks G&M Greece Makes Repayment on 435M Euro Bond BL Greece Calls for New Elections After Failed Bid to Form Government BL Homebuilder Confidence in U.S. at 5-Year High BL Retail Sales Increase at Slowest Pace of Year BL Economic Resilience Is Firewall of the U.S. Economy Bangalore Game Over? Some Pros See 20% Drop in Stocks Ahead CNBC The Fed: Mend It or End It? Paul Investors are shunning the stock market, and who can blame them? NYT California targets health, public workers to fix budget hole Reuters The California economy is the ninth largest in the world and just smaller than Italy's economy. JPM Chase Chairman, Jamie Dimon, the Whale Man, and Glass-Steagall Nomi Prins A whale in the waters of negative yields Gross (via Google) The European Farce Ferguson Rogers - Baker - Panzner - Hudson - Kass - Yardeni - Jubak Student loans: The next bubble NYP The Crisis of Interventionism Mises IMM Positioning - Investors buy USD: EUR oversold Danske
Red Flags on Bets Said to Go Unheeded by Chase Bosses NYT At JPMorgan, the Perfect Hedge Remains Elusive Sorkin JPMorgan's Dimon to Face Calls to Split Top Roles Reuters Obama says JPMorgan loss shows need for Wall Street reform Reuters Romney: JPMorgan Chase Loss Is Part Of Free Market Risk Reuters Facebook hikes IPO range to raise $12.1 bln: source Reuters SEC targets shell-company fraud USAT With bear market, are glory days over for commodities? G&M Why Gold Is No Longer a Safe Haven for Investors CNBC
Ratings cut on 26 Italian banks BBC If Greece -- and this is the will of the great majority - - wants to stay in the euro, then they have to accept the conditions Schaeuble -- Time to Admit Defeat: Greece Can No Longer Delay E-Zone Exit -- Greece Faces Big Debt Payment Tuesday: Now What? -- Independent: The "Grexit" turmoil sent billions flooding into low-risk assets -- Investors rush to buy Kate Middleton's gold coin to counter the euro volatility Euro zone finance ministers dismiss Greek exit "propaganda" Reuters Viewpoints: What if Greece exits euro? BBC Warner: ...does anyone believe Greece capable of managing such a transition well given the positively heroic scale of mismanagement to date? China Growth Seen at 13-Year Low by Pimco BL China January-April FDI inflow at $37.9 billion, outlook dark Reuters The longest period of declining inflows since the depths of the global financial crisis and a sign of the external headwinds facing the economy. Tide Turning in Japan Deflation Fight: BOJ BL Russia Stocks in Bear Market as RTS Tumbles 20% From Year High BL
Dancing at the Edge of a Cliff Hussman Dimon geezers Price Waving the White Flag Mauldin World edges closer to deflationary slump as money contracts in China Pritchard Investors, time to face the truth Fleck Another summer sag for stocks? Brimelow Summer Crash? Why We Regulate Krugman EB - Sober Look - Keenan - Panzner - Keen - Epstein - Smith Is the Government Backing a New Housing Bubble? Fiscal Times House Votes to Cut Food Stamps BL No Recovery for Single Moms WSJ Harrisburg Ex-Mayor Left City Near Bankrupt BL The impossible hope of an end to austerity VOX
The Fear That JPMorgan Might Not Be Alone BL Video Trading Loss at JPMorgan Claims a Top Executive NYT Elizabeth Warren: Jamie Dimon Should Resign From New York Fed Board HP JPMorgan Unit's Whole London Staff at Risk BL Drew Survived, Ascended Through Mergers WSJ (via Google) The Core Problems With JPMorgan's Failed Trades Reuters Banks Tread a Fine Line in Trading Dealbook Wozniak to Buy Facebook Regardless of Price BL Yahoo suffers another setback with CEOs dismissal G&M Investment Risks Power the U.S. Economy (Pt 1) Conrad Speculators cut bets on a rally in commodities by the most since November BL A Rare Speed Bump in Commodities' Long Run WSJ (via Google) Oil prices could double by 2022, IMF warned Guardian IMF Paper The energy wars heat up ATimes Wheat Feeding to Decline Over Next Year AGWeb
Italy, Spain See Borrowing Costs Rise at Auctions Reuters EU leaders set for showdown Guardian - DM: The fate of the Euro could be decided in the next 48 hours - Greece Nears 'Moment Of Truth' - Crunch time - Time is running out very quickly... Euro Officials Begin to Weigh Greek Exit BL Greece: A nation on the brink Inde Euro zone turmoil boosts London property stampede Reuters The reason Greeks are coming is very simple...Greece is screwed, there are no jobs and it has been run by crooks." The final death throes of the euro Bootle Europe's woes hit global demand for luxury homes Reuters Spiegel: Spain's banks are now amongst the greatest problem children in the euro zone. Spain short-term debt costs to stay high after bank plan Reuters Output falling, euro zone heads for recession G&M Analysis: China growth risks signal need for fiscal action Reuters Chinas economy has yet to bottom MW Private loans in Wenzhou fall 30% on credit crisis Shanghai Daily Hedge Fund Industry Experiences New Boom in Asia FT
Wall Street Week Ahead: Stocks face choppy seas of bank woes, uncertainty Reuters China Central Bank Cuts Reserves to Boost Economy Reuters Risk Off Gains a Foothold Noland Why it's time for higher interest rates Bair The Greater Fool Theory Cornerstone Plunging Commodity Prices Are Ominous For Stocks Harding Is the 3-Year Bull Market Rolling Over? Nasdaq Fed's Repression Meets Investors' Revulsion Forsyth (Complete via Google) So why is the broad swath of investors fleeing attractively valued stocks when the alternatives are bonds with paltry yields and cash returning nil and both not keeping pace with inflation? Cycle Check Swenlin How to play nice with the bears of summer MW The wrecking ball of hidden inflation MyBudget Kass Weekly Focus: The Greek tragedy continues - Global Views - Global Equity California Deficit Swells to $16 Billion, Governor Says BL Greek Chaos Threatens World Economy-And Obama Cassidy
At JPMorgan, the Ghost of Dinner Parties Past Morgenson Jamie Dimon: Trading Losses Are Not Life-Threatening CNBC Volcker Rule Proponents Say JPMorgan Loss Bolsters Case BL JP Morgan's $2bn loss was an accident waiting to happen Telegraph Senior executives at JP Morgan were given repeated warnings about the controversial unit responsible for a shock $2bn (1.2bn) trading loss at the bank, it can be disclosed. JPMorgan Cut by Fitch as S&P Reduces Outlook to Negative BL Wall Street: It's Just Kids Playing With Dynamite Blodget What Jamie Dimon Doesnt Know Is Plain Scary Weil In JPMorgan Chase Trading Bet, Its Confidence Yields to Loss - The Bet That Blew Up JPMorgan's trading debacle: why $2 billion is just the start Fortune What Happens When the Next Too-Big-Too-Fail Bank Goes Under? TIME SEC Madoff Report Called Into Question BL Is Europe on a Cross of Gold? Eichengreen Euro Parity With the Dollar? US, China Better Watch Out FT German Finance Minister Dares Greece Exit BL Greek Tragedy NYT European Warning Over Spanish Deficit NYT U.S. fiscal cliff to rival euro crisis looms over Canada TStar Vancouver Housing: Bumpy Landing Ahead BMO Toronto vs Vancouver
Greece Socialist Leader Fails to Form New Government AP Facebook's Saverin Gives Up US Citizenship before IPO BL Bond market madness Hulbert Nothing Left for a Vanquished Virtuous Cycle Xie Europe and America have run out of monetary tricks and emerging-market support, leaving their economies on the brink Don't Ignore The 'Fiscal Cliff Comstock Fiscal cliff poses a Greek moment for the U.S. MW 'Sell in May, and Go Away,' Strikes Again Dorsch The European Subtext Sheehan Jesse - Saft - BeSpoke - Panzner U.S. deficit looms large despite April surplus AP Six ways to fight the coming bear bond market Reuters Austerity Can't Be Just for Regular People Taibbi Sprott keeps faith that gold, silver havent lost their shine G&M
Moodys Issues Capital Warning to Global Banks FT SEC Opens Investigation Into JPMorgans $2 Billion Loss NYT CFTC Said to Review JPM Derivatives Trades BL Does Jamie Dimon Even Know What Hedging Risk Is? azizonomics J.P. Morgan is Exhibit A for Volcker Rule need MW JPMorgan Reports $2 Billion Loss on Synthetic Positions BL This portfolio has proven to be riskier, more volatile and less effective as an economic hedge than the firm previously believed Others in the Spotlight After JPMorgans Big Trading Loss Dealbook He [Dimon] said the bank has an extensive review underway and has already found many errors and bad judgment. CNBC -- Whale of a Call: Dimons Notable Quotes WSJ - Call Transcript Breaking Up Four Big Banks Economix Facebook IPO Demand Weaker Than Forecast BL Already oversubscribed: source Dewey & LeBoeuf pension plans seized; faces lawsuit Reuters Sony Falls to 31-Year Low on Missed Estimates BL The gay marriage windfall CNN Gas prices: Down and headed lower CNN Gloss dims on silver's debut Shanghai Daily
On a wing and a prayer: Spain bank deal 'doomed' Inde Europes Achilles heel Economist Amid growing risk of a Greek exit, the euro zone has yet to face up to the task of saving the single currency itself Euro-zone contagion - If Greece goes... Economist Europe's nuclear brinkmanship with Greece is a lethal game Pritchard Euro Economy to Shrink as Spain, Italy Re-Enter Recession BL China April Inflation Up 3.4%, Above Forecast Reuters Brakes hit trade growth Japan Will Follow Europe With a Debt Crisis: Kyle Bass CNBC Hong Kong Set for Slowest Growth Since 2009 BL Doomsday scenarios spread about No. 4 reactor at Fukushima plant Asahi
Faber Sees '87 Crash If Stocks Rally With No QE3 BL Speech by Chairman Bernanke on banks and lending: the state of play FED Greece's Socialist Leader: We Want Euro - But Not Austerity CNBC Spain's Potential Bank Losses Fivefold Greater, Group Says BL Trade Gap in U.S. Widens More Than Forecast BL U.S. Jobless Claims Decline BL Safer debt soars across world as euro storm builds Reuters Investors are willing to accept returns of next to nothing in exchange for shelter... Post-Financial Crisis How do the Major Economic Players Stack Up? NTrust Consumer Credit Worse Than You Think Bianco Hedge funds head for big banana skin Hendry Time for 'Helicopter Drops' by Major Central Banks: Citi CNBC Rajan Are central banks creating the wrong kind of money? FT Bernanke Gets 75% Approval From Investors in Global Poll BL European Central Bank Leveraged Like Lehman: Author CNBC Fed clears China's first US bank takeover AFP Governments Snake Oil Wont Cure Jobs Ailment Baum Keynesianism Is The New Black Death Forbes Dont Fight the Last War The Absolute Return Letter Lessons from the Battlefields of Risk Management A Heady Time for Muni Bonds BW How venture capital is broken Salmon Smith - Rubin - Mirhaydari - Reich - Sprott - BeSpoke An Alternative to Alternatives Richard Bernstein An Audacious Promise: The Moral Case For Capitalism Manhattan Institute Shadow economies around the world: Model-based estimates VOX Fed Foe Ron Paul Breakfasts With Bernanke at Central Bank WSJ So did Wednesdays meeting overturn any deep-set beliefs? Einhorn and Ron Paul Tackle the Fed FOX
Cisco outlook underwhelms, economy fears persist Reuters Krispy Kreme puts investors in a hole MW The 'Secret Bank Bailout' Is Neither Secret Nor a Bailout Atlantic Everyone's Problem: Looking Beyond the Wal-Mart Bribery Case Wharton Q&A: Why oil's slide is only just beginning G&M Fear Miners Set to Fall Off 'Supercycle' FT With metals prices down more than 20% from last years highs, could the supercycle be over? Chinese drill for oil in troubled waters FT
CIC Stops Buying Europe Government Debt on Crisis Concern BL Merkel says "growth on credit" would deepen crisis Reuters Europe's delusional search for growth Warner Spain takes over Bankia to fight crisis Reuters Since the banking crisis began, Spain has bailed out seven smaller savings banks, but the Bankia rescue is by far the biggest... Spain Underplaying Bank Losses Faces Ireland's Fate BL Get ready for the Spanish bailout Roubini Greece Euro-Exit Debate Goes Public Amid Concerns BL Europe Eyes Shift from Austerity to Growth Spiegel Special Report: Europe Struggles to Hold Itself Together Wharton China trade data show surprising weakness MW China's inflation eases, but worries continue China Daily Sales of used homes decline Shanghai Daily Asia Currency Options Least Bearish in Year on Yuan Risk BL Will decade be an economic rerun of the 1970s? G&M RBI curbs exporter FX holdings to lift rupee Reuters Incessant government meddling pushing Brazil back into bear mode DJ
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