CNBC’s Kudlow Report panel recorded by wakeup2nwo: 4 sec: “Do we all work for Central Bankers? Is this Global Governance at last? Is it One World… with the Central Bankers in charge? (Read more…)” 1 min: “To answer your question: We are absolutely slaves to Central Banks” 1 min 16sec: “Markets are driven by policy [...]
Tuesday, 26 June 2012 13:07
Euro-zone countries should transfer oversight of their banks to a European supervisor, possibly the European Central Bank, in return for allowing the bloc’s bailout fund to help insure deposits and wind down failing lenders, the European Union’s top officials proposed in a report that will be debated at their summit Thursday, reports WSJ. WSJ adds: [...]
Tuesday, 26 June 2012 12:41
Support the Delancey Underground Project at the fundraiser for their innovative vision, Lowline, this Wednesday, June 27, at the Bowery Hotel. read more
Tuesday, 26 June 2012 12:03
The schedule for upcoming guests on The Robert Wenzel Show is below: Sunday, July 1— Derek Pilecki, Managing Member, and Portfolio Manager of Gator Capital Management. From 2002 through 2008, Derek was a member of the Goldman Sachs Asset Management (GSAM) Growth Equity Team. While at GSAM, Derek was the co-Chair of the Investment Committee [...]
Tuesday, 26 June 2012 12:00
Fashion as a form of news media? Or an example of how a youth movement is disarmed? Trend Hunter highlights the weaving of Occupy and rioter imagery into designer clothing this summer: The Commune de Paris Spring/Summer 2012 collection presents intriguing scenes to capture the attention of youths at which the brand is aimed. Implied [...]
Tuesday, 26 June 2012 11:37
Responding to international condemnation and accusations of political censorship, the Iraqi government has backed off on plans to shutter 44 media outlets. Meanwhile, at least three Iraqis were killed and 19 more were wounded in new violence.
Tuesday, 26 June 2012 11:08
Below is a fascinating recounting of how Conrad Hilton grew his hotel chain. Of note, in the video is the retelling of the fact that Hilton, after buying his first hotel, found ways to expand the number of rooms that could be rented out. This is in line with the post I made back in [...]
Tuesday, 26 June 2012 10:57
For more details, please click on the link to read the article.
Tuesday, 26 June 2012 10:51
Evolver Spores: Consciousness & Climate Change Wed, July 18 read more
Tuesday, 26 June 2012 10:43
Scientists have dramatically improved the performance of Thomas Edison’s nickel-iron battery. The enhanced device could be used in electric vehicles, much as Edison originally envisioned.
Tuesday, 26 June 2012 10:40
For more details, please click on the link to read the article.
Tuesday, 26 June 2012 10:23
Kaibara87 (CC) Sounds like Google’s virtual “brain” consisting of 16,000 networked computers does a pretty good job of enjoying the same dumb stuff that humans do. John Markoff reports for the Sydney Morning Herald: Inside Google’s secretive X laboratory, known for inventing self-driving cars and augmented reality glasses, a small group of researchers began working [...]
Tuesday, 26 June 2012 10:08
For. The. Win. (Read more…) GERMANY’S MERKEL SAYS EUROPE WILL NOT HAVE SHARED LIABILITY FOR DEBT AS LONG AS SHE LIVES Socialism better have a Plan B.
Tuesday, 26 June 2012 09:59
The State Department reports: President Obama spoke with Italian Prime Minister Monti earlier today, following up on their discussions at last week’s G-20 meeting in Los Cabos. Prime Minister Monti provided the President with an update on economic developments in Europe, and they discussed the importance of continued efforts to promote growth and stability in [...]
Tuesday, 26 June 2012 09:47
If there is one bank report that Obama wishes is absolutely wrong it is the following note from Deutsche Bank’s Jim Reid (definitely not part of the bank’s laughable Trinity Of Perma Bull consisting of Bianco, Chadha and, of course, La Vorgna) who, looking at the timing of business cycles, makes the following ominous, for [...]
Tuesday, 26 June 2012 09:47
Spanish 10Y spreads are now over 50bps wider on the week and the yield pushing back over 6.8% as its spread spikes 10-15bps on rumors of a Moody’s downgrade to ‘Junk’. The IBEX dropped 0.5% rapidly, now down almost 5% on the week. (Read more…) Italy is catching the cold and is blowing wider in [...]
Tuesday, 26 June 2012 09:31
In a little under two minutes, Stratfor provides a succinct primer on ‘France’. Its natural (ocean, river, and mountain) geographic ‘barrier’ borders, its major agricultural industry, and significant social cohesion. But, there is one weakness – the North European Plain – which remains France’s main challenge – safe-guarding its north-European border, on the path of [...]
Tuesday, 26 June 2012 09:22
For more details, please click on the link to read the article.
Tuesday, 26 June 2012 09:11
While Europe is dominating headlines this week, UBS’ Art Cashin suggests “mark your calendar and cross your fingers” as he notes the disproportionate prevalence of events that occur in September. Focusing on The Economist’s Greg Ip’s recent post on a possible seasonal pattern in banking crises, via this recent Reinhart & Rogoff extension paper by [...]
Tuesday, 26 June 2012 09:09
…But at least housing has bottomed (it so difficult to even write that with a straight face). Our two economic indicators today continued the tradition of the last 2 months and both missed, with the Richmond Fed sliding to -3 on expectations of a +2 print, and down from +4: the lowest number since October [...]
Tuesday, 26 June 2012 09:03
G.I. at Economist magazine writes: Luc Laeven and Fabian Valencia…ave contributed richly to the raw material of crisis economics. Labouring away at the International Monetary Fund, they have assembled a detailed database of 147 banking crises from 1970 to 2011. (Read more…) They recently published a new working paper detailing some of their latest findings. [...]
Tuesday, 26 June 2012 08:59
by Greg Palast | The Guardian USA The idea that the euro has “failed” is dangerously naive. The euro is doing exactly what its progenitor – and the wealthy 1%-ers who adopted it – predicted and planned for it to do. That progenitor is former University of Chicago economist Robert Mundell. The architect of “supply-side [...]
Tuesday, 26 June 2012 08:49
…the Japanese government, of course. It looks as if Prime Minister Noda is set to win parliamentary approval in the Upper House (it passed the Lower House) to double the sales tax to 10%, in an attempt to reduce Japan’s soaring debt. Got that, double the national sales tax? What away to suffocate an economy [...]
Tuesday, 26 June 2012 08:46
We explained it all in painful detail in January. We refreshed two weeks ago (“The Spanish ‘Legal-Arbitrage’ Bond Trade Is On“) and then one week prior (“Spanish “Litigation Arb” Trade Is The New Killing It“). Now, finally, Citi’s Matt King has jumped on board. (Read more…) From: Stealth subordination International bonds with negative pledges and [...]
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