And Then There Were Three...
Last September we were delighted to bring you the following great news: DAVID BIANCO NO LONGER WORKS AT BOFA, SPOKESWOMAN SAYS Now, we are even more delighted to bring you the following breaking news:...
View ArticleMrs. Watanabe, Meet Mrs. Brown
"Risk on, risk off" might be the most essential hallmark of the current market, but just focusing on the day-to-day whims of capital markets ignores longer term changes to investor risk preferences....
View ArticleA Blueprint to Kill JP Morgan’s Alleged Massive Manipulative Position in the...
Our mission at SmartKnowledgeU, besides helping our clients to protect and grow their wealth in the face of the criminality of the global banking cartel, has always been, since day one, to also be a...
View ArticleNews That Matters
Thetrader.se Should we worry about the Target 2, or not?. Felix Salmon of Reuters shares his views and explains the subject easily. If a Spanish woman writes a check to her therapist, the money comes...
View ArticleGuest Post: Who Destroyed The Middle Class - Part 2
Submitted by Jim Quinn from The Burning Platform Who Destroyed The Middle Class - Part 2 In Part 1 of this three part series I addressed where and how the net worth of the middle class was stolen. In...
View ArticleMoody's Bank Downgrade: Too Little, Too Late
Grand Lake Stream, ME -- First let me send greetings to the readers of Zero Hedge from Leens Lodge in Grand Lake Stream, ME. David Kotok from Cumberland Advisors is leading a small group on four days...
View ArticleThe Obamacare Outcome Matrix
With the Supreme Court likely to announce its decision on the constitutionality of Health Care Reform Law this Thursday, BofA outlines five possible scenarios and their potential impact across the...
View ArticlePreviewing The Supreme Court Decision(s)
We posted this on Monday. With the SCOTUS ruling due out in minutes, here again is a preview of the various permutations that can come out today, and their impact on capital markets. The Obamacare...
View ArticleShhh... Don't Tell Anyone; Central Banks Manipulate Rates
David Zervos, Jefferies: Shhh... Don't Tell Anyone; Central Banks Manipulate Rates It should come as no surprise to anyone that major commercial banks manipulate Libor submissions for their own...
View ArticleDavid Kotok: LIBOR, the Fed and the TED
Great item from David Kotok of Cumberland Advisors. When is the Fed going to reverse the self-serving decision by Gerald Corrigan and Alan Greenspan to end surveillance over primary dealers? The...
View ArticleNot All Prayers Are Answered Affirmatively
From Mark Grant, author of Out Of The Box Not All Prayers Are Answered Affirmatively “As long as there are tests; there will be prayer in schools.” -The Wizard Because I pay...
View ArticlePeak Gold
From GoldCore, Today's AM fix was USD 1579.00, EUR 1294.05 and GBP 1022.34 per ounce.Yesterday’s AM fix was USD 1565.50, EUR 1281.10 and GBP 1011.96 per ounce. Gold fell by 0.3% in New York yesterday...
View ArticleThis Is The Government: Your Legal Right To Redeem Your Money Market Account...
Two years ago, in January 2010, Zero Hedge wrote "This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied" which became one of our most read stories of the year....
View ArticleNumerous Top Bankers Call for Break Up of Giant Banks
Banking Titans Call for Break Up of "Too Big to Fail" The following bankers are calling for the big banks to be broken up: Former Citi CEO Sandy Weill Former Citi CEO John Reed Former Citi chairman...
View ArticleKnight's Berserk Algo Bought $2.6 Million Worth Of Stock Every Second
While we already presented, courtesy of Nanex, the modus operandi of the Knight berserker algo, there was one outstanding question. What was the bottom line. And no, not how much the loss on Knight's...
View ArticleFrontrunning: August 14
Must be those evil speculators' fault: Oil price inflates as speculators bet on stimulus (Reuters) Need moar stimulus: UK Coalition plans housebuilding stimulus (FT) Paul Ryan brings fundraising...
View ArticleJPM and Goldman See $1,800/oz Gold By Year End – Iran, Middle East and...
XAU/EUR Exchange Rate Daily - (Bloomberg) Gold at €1,355/oz, just 2.5% from the record high of €1,390/oz, is a sign of a continuing lack of trust in the euro and in Draghi’s stewardship at the ECB....
View ArticleDeutsche Bank: Gold Is Money
Deutsche Bank analysts Daniel Brebner and Xiao Fu have just released a new report saying that gold is money (via Business Insider): While it is included in the commodities basket it is in fact a...
View ArticleBank Of America To Fire 16,000 By Year End
Curious why nearly 4 years ago to the day Ben Bernanke and Hank Paulson told Ken Lewis to purchase Merrill Lynch "or else" (but to make sure everyone gets paid their bonuses bright and early with no...
View ArticleMeet Robert Rubin: The Man In Charge
Meet the man, who many say (most of whom correctly) has been running pretty much everything from deep behind the scenes. Rethinking Robert Rubin, by William Cohan Bill Clinton has a favorite Robert...
View Article