Question for Liz Warren: How Many Subsidies Does a Zombie Bank Need?
"All right," thought the Devil. "We will have a tussle. I'll give you land enough; and by means of that land I will get you into my power."“How Much Land Does a Man Need?” (1886)Leo TolstoyLast week,...
View ArticleOvernight Futures Levitation Returns
If the last three days were spared an overnight ramp in US futures, today this has not been the case as the new carry pairs of choice, the USDJPY and EURJPY, have seen constant gradual levitation...
View Article"Too Big To Regulate" JP Morgan "Lied" And "Deceived" Regulators, Investors...
Moments ago, ahead of tomorrow's 9:30 am Senate hearing on JP Morgan's 2012 attempt to corner the IG9 market through its London-based CIO office using depositor cash which as everyone now knows went...
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Oh No! Is It Possible? A 3rd Irish Bank With Hidden Charges Not Revealed In...
On March 31st, I illustrated how the concealment of excessive encumbered items probably contributed greatly to the premise of Anglo Irish bank, not to mention the demise of practically all of that...
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I Illustrate How The Irish Banking Cancer Spreads To The UK Taxpayer And...
US retail investors and financial media tend to be a little... well... US-centric. They tend to ignore a lot of international happenings even though these events can, and often do, have a direct impact...
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G-20 Releases Statement On Japanese Devaluation (But Nobody Mention The Yen)
Two days in Washington D.C. kept caterers busy but produced a 2,126 word communique long on slogans and short on anything actionable. The G-20 statement (below) can be boiled down simply, as we...
View ArticleMove Over Marx, Here Comes Obama
Ronald Reagan would be turning in his grave, wouldn’t he? In what became known as the most anti-communist speech of all time given by Reagan in 1987 on the 70th anniversary of the Bolshevik Revolution...
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Moral Hazards And Dangers To Market Stability
It's rare for us to come across a legit paper regarding financial securitization but this one from the College for Financial Planning is. Written by Jim Pasztor, the paper covers "Financialized...
View ArticleTake Me Public!
Originally posted at http://capitalistexploits.at/The dream of going public is almost universal among entrepreneurs. It seems to represent the Holy Grail of accomplishments, the culmination of years...
View Article10 Reasons Why Sharknado Is Coming To The Global Economy
Submitted by Michael Snyder of The Economic Collapse blog,Have you ever seen a disaster movie that is so bad that it is actually good? Well, that is exactly what Syfy's new television movie entitled...
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Gold And The Endgame: Inflationary Deflation
Authored by Paul Mylchreest's Thunder Road Report from Monument Securities,Excessive monetary stimulus and low interest rates create financial bubbles. This is the biggest debt bubble in history. It is...
View ArticleGuest Post: Enron Redux – Have We Learned Anything?
Submitted by Sue McNamara and Bruce Corneil of Beutel Goodman,Greed; corporate arrogance; lobbying influence; excessive leverage; accounting tricks to hide debt; lack of transparency; off balance sheet...
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JPMorgan Puzzled By Record Gold Backwardation
Curious where all the demand for (immediate) physical gold (delivery) is coming from (as detailed here first in April)? As it turns out, so is JPMorgan.From this week's Flows & Liquidity:SEC...
View ArticleTWTRQ Halted To Protect Idiots From Themselves
Moments ago, today's standout stock Tweeter (TWTRQ), not to be confused with Twitter (TWTR) although it very clearly was as Zero Hedge first pointed out, was halted. The reason: to protect idiots from...
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U.S. Debt Limit To Be Raised For 18th Time In 20 Years - Gold Vulnerable...
Today’s AM fix was USD 1,285.75, EUR 947.15 and GBP 804.30 per ounce. Yesterday’s AM fix was USD 1,298.00, EUR 959.56 and GBP 814.51 per ounce.Gold fell $18.90 or 1.45% yesterday, closing at...
View ArticleWith Less Than A Day Until The X-Date, Hope And Optimism Remain If Not Much Else
It's gotten beyond silly: with less than a day to go until the first X-Date, beyond which if Jack Lew is correct (he isn't) all hell will break loose if the US doesn't have a debt deal in place, stocks...
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VPRO/Backlight and The Wall Street Code
I helped structure a new documentary for the folks at VPRO, the makers of Quants: Alchemists of Wall Street and Money & Speed: Inside The Black Box. We were filmed in NYC for our small part with...
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Carl Icahn Covers 3 Million NFLX Shares On 457% Gain
Just as we wondered earlier in the day...Has Icahn tweeted an update on his NFLX position yet?— zerohedge (@zerohedge) October 22, 2013 Sold block of NFLX today. Wish to thank Reed Hastings, Ted...
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Eric Sprott's Open Letter To The World Gold Council
Authored by Eric Sprott of Sprott Global Resources,Dear World Gold Council Executives;As you very well know, the business environment for gold producers has been extremely challenging over the past few...
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While Bernanke May Not Understand Gold, It Seems Gold Certainly Understands...
"We see upside surprise risks on gold and silver in the years ahead," is how UBS commodity strategy team begins a deep dive into a multi-factor valuation perspective of the precious metals. The key to...
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