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A $300 Million Layover: CYNK Mastermind Arrested After Phoenix Diversion
Submitted by Daniel Drew via Dark-Bid.com,In what is probably the most expensive layover in history, Gregg Mulholland's international flight from Canada to Mexico turned tragic for him when his plane...
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"Uncontained" - Greek Stocks Crash 17% As European Banks Plunge Most In 3 Years
Despite the Greek stock market being closed there is an option for hedging the exposure that all the smart money has been building to Greece in the past few days - GREK - the US-trade Greek ETF. In the...
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An Inadvertent Warning From BlackRock - Get Your Money Out Of Mutual Funds ASAP
Via Investment Research Dynamics,BlackRock Inc. is seeking government clearance to set up an internal program in which mutual funds that get hit with client redemptions could temporarily borrow money...
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The Fuse on the Global Debt Bomb Has Been Lit
Greece defaulted on a debt payment to the IMF last night at midnight. Regardless of anything else, we have now seen a developed country “go over the cliff” in terms of negotiating debt payments. This...
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Citigroup Just Cornered The "Precious Metals" Derivatives Market
One week ago, when we scoured through the latest OCC quarterly derivative report (in which we find that the top FDIC insured 4 US banks continue to account for over 90%, or $185.5 trillion of all...
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New Greek Proposal Backtracks To Pre-Referendum Draft, Does Not Request Debt...
There is nothing incrementally new or different to what we revealed earlier in the leaked Greek proposal (i.e., no actionable pension cuts, no debt "reprofiling") and as Bloomberg makes it all too...
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Are Big Banks Using Derivatives To Suppress Bullion Prices?
Submitted by Paul Craig Roberts and Dave Kranzler via PaulCraigRoberts.org,We have explained on a number of occasions how the Federal Reserves’ agents, the bullion banks (principally JPMorganChase,...
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China Stocks Slump Over 10% Post-Intervention: Derivatives Dealers Reveal...
"Right now, dealers are going through their books trying to work out what their positions are worth," explains a major participant in the Asian derivatives market as Reuters reports the suspension of...
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The Ridiculous Reason Why UK Cops Just Dropped A Broker Fraud Probe
A few months back, when US Attorney General Loretta Lynch was out to prove how serious the post-Holder DoJ is about prosecuting white collar crime, we went out of our way to explain exactly why it was...
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Central Banks And Our Dysfunctional Gold Markets
Submitted by Marcia Christoff-Kurapova via The Mises Institute,Many investors still view gold as a safe-haven investment, but there remains much confusion regarding the extent to which the gold market...
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The Irony Of Market Manipulation
Having gazed ominously at the extreme monetary policy smoke-and-mirrors intervention in bond markets, and previously explained that "the stock market is to important to leave to the vagaries of an...
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Which Are The Most Illiquid Assets In The Market Right Now
Following quarters of declining investment bank revenue from sales and trading even at such Fed-backstopped hedge funds as Goldman Sachs, and especially the one-time golden goose, FICC, we hardly need...
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This Fraud Of A Company Is Trying To Sell Stock, But Who Cares: Here Are...
Here's a business idea:Hire a bunch of hot womenTell them to pretend to punch each other on camera while wearing just a string bikiniGo public (kind of) and hope to sell $20 million worth of stock...
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No CNBC, It's Not Priced In
When markets crash and prices readjust to a material level the masses begin to rationalize anything and everything. This week we heard a serious push by media and newspapers to not say "crash" and...
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Guest Post: Stanley Fischer Speaks - More Drivel From A Dangerous Academic Fool
Submitted by David Stockman via Contra Corner blog,With every passing week that money markets rates remain pinned to the zero bound by the Fed, the magnitude of the financial catastrophe hurtling...
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Rigor Mortis Of The Robo-Machines
Submitted by David Stockman via Contra Corner blog,Call it the rigor mortis of the robo-machines. About 430 days ago the S&P 500 crossed the 1973 mark for the first time - the same point where it...
View ArticleTwo Clear Signs That the Political/ Financial Elite Know Another Crisis is...
The Powers That Be know another Crisis is coming. Behind the veneer of “all is well” being promoted by both world Governments and the Mainstream Media, the political and financial elite have begun...
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Enough Already! Raise The Rate To 3 Percent
Submitted by Calibrated ConfidenceEnough Already! Raise The Rate To 3 Percent Raise the Federal Funds Rate (FFR). Move the range to 0.25-0.50 percent and do it on a surprise announcement. We should...
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Every SINGLE Big Wall Street Bank Got Stocks AND Rates Horribly Wrong, Except...
I had some prognostications in December or 2014 for the new year. These are apparently quite contrarian in relation to the sell side. Let's take a quick peek and then compare to the smartest guys in...
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London and World Gold Council look to regulate OTC Gold market
London and World Gold Council look to regulate OTC Gold marketChange is brewing in London as the the LBMA – the association that oversees the world’s largest gold market – is looking at how best to...
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