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Ultraluxury NY Real Estate Market Cracking As Legendary 740 Park Duplex Sells...
Even as the media desperately tries to whip everyone into a buying frenzy in an attempt to rekindle the second housing bubble, the marginal, and less than pretty truth, is finally starting to emerge....
View ArticleFrontrunning: October 4
Romney dominates presidential debate (FT) What Romney’s Debate Victory Means (Bloomberg) Obama Lead Shrinks in Two Battlegrounds (WSJ) "Everything will fall apart unless the Spanish conditions are...
View ArticleEarnings Setup -- JPM, WFC, C, BAC
“The benefits of reduced expenses for loan losses outweighed the drag from declining net interest margins, as insured institutions posted a 12th consecutive year-over-year increase in quarterly net...
View ArticleFrontrunning: October 17
Obama takes offensive against Romney in debate rematch (Reuters) Obama Says Romney Words Aren’t ‘True’ in Second Debate (Bloomberg) Obama takes Romney head-on in debate (FT) And another joins the...
View ArticleFrontrunning: October 18
Germany will pay Greek aid (Spiegel) Spain Banks Face More Pain as Worst-Case Scenario Turns Real (Bloomberg) China’s Growth Continues to Slow (WSJ) Executives Lack Confidence in U.S. Competitiveness...
View ArticleArt Cashin On The 25th Anniversary Of 'Black Monday'
From Art Cashin of UBS Securities On this day (+1) in 1987 (that's 25 years ago, if you are burdened with a graduate degree), the NYSE had one of its most dramatic trading days in its 220 year history....
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R(osenberg) & B(ernstein): Two Ex-Merrill Colleagues, Two Opposing Outlooks,...
Earlier this week two former Merrill colleagues, since separated, were reunited on several media occasions, and allowed to spar over their conflicting views of the world. The two people in question, of...
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Bernanke Set To Unveil Number Larger Than "Eternity"
It was just over a month ago that the Chairsatan formalized the incorrect named QE 3, aka the open-ended QEternity, whose purpose, for now, was to increase the Fed's balance sheet by $40 billion/month...
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Guest Post: Before The Election Was Over, Wall Street Won
From Nomi Prins, former Goldman managing director who did not write a NYT op-ed. Before The Election Was Over, Wall Street Won Before the campaign contributors lavished billions of dollars on their...
View ArticleCitigroup Rises While Bank America Wallows
"Vikram Pandit’s last day at Citigroup swung from celebratory to devastating in a matter of minutes. Having fielded congratulatory e-mails about the earnings report in the morning that suggested the...
View ArticleDark Knight Capital... Again
Wondering why something appears very off in the market? Blame Knight Capital ... Again. Is second time the charm to finally take out the competition? KCG stock crashing.Self-help?Dear Clients: Due to a...
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Merrill Lynch: "Greek Risk Is Back"
You read about it here first (here and here). Now it is time for the sellside (whose products your soft dollars so generously fund) to wake up to what is happening next week.From Bank of Countrywide...
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Monday Market Uncertainty – Waiting to See Who Runs America
Monday Market Uncertainty – Waiting to See Who Runs AmericaCourtesy of Phil's Stock WorldToday doesn't matter.Tomorrow won't matter either. Nothing will matter much, trading-wise, until we know what...
View ArticleGuest Post: Real Danger Of “Obamacare”: Insurance Company Takeover Of Health...
Via Nomi Prins of NomiPrins.com,Election rhetoric shuns the big picture in favor of the bigger platitude. Now that The Show is over, we are left with the equivalent of a Sunday morning hangover...
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Austrian Parliament Hears 80% Of Austrian Gold Bullion Reserves In London
From GoldCore Gold BullionAustrian Parliament Hears 80% Of Austrian Gold Bullion Reserves In LondonToday’s AM fix was USD 1,729.75, EUR 1,344.23, and GBP 1,084.35 per ounce. Yesterday’s AM fix was USD...
View ArticleBehind the Scenes, Germany is Already Preparing For a Grexit
The US Presidential election is over and the world has woken up from the political rhetoric and propaganda to realize that the problems it faced before November 6 are still in place. Indeed, one could...
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Hidden Dangers in Gold
Hidden Dangers in GoldBased on an article by Dr. Paul Price in the Dec. 4, 12 issue of the Market Shadows newsletter: A Failure to Communicate: Numbers, Rates & Lies Why isn't Paul currently buying...
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A Potentially Nasty Snapshot Of Risk Resulting In Another Trillion Of...
While perusing the news today, I came across this most interesting article in Bloomberg, Swaps ‘Armageddon’ Lingers as New Rules Concentrate Risk'. Before we delve into it, I want to review how...
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2012 Year In Review - Free Markets, Rule of Law, And Other Urban Legends
Submitted by Dave Collum via Peak Prosperity,BackgroundI was just trying to figure it all out.~ Michael Burry, hedge fund managerEvery December, I write a Year in Review that has now found a home at...
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Big Picture Thinkers And Silver
Recently I did a radio interview with longtime friend Al Korelin and blurted out that anyone who actively followed the gold/silver markets and did not appreciate how manipulated they are, was a moron....
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