I think you will admit that we are in the middle of one major crazy financial mess.  The part that makes things really crazy is that it’s not just in the United States anymore but rather serious global problem which if not handled properly could change the way we live our lives going forward or possibly even spark some type of war, hopefully things...

Submitted by Tyler Durden Whether its non-confirming volumeless rallies in stocks, hard-to-find collateral, sovereign risk, counterparty risk, USD funding stress, GDP growth dislocations, EM credit dispersion, or equity market outperformance, Nomura’s EEMEA FX and Fixed Income team has a little for everyone in today’s ’10 Things We...

In 1999, 11 European countries surrendered their currencies for the euro and a shared monetary authority. But as the world applauded, Elliott Wave International (EWI) forecast that those countries had also sealed a shared fate: to eventually collapse together in a liquidity-driven deflationary spiral. Barely a decade later, the once-celebrated EU and...

by Karl Denninger Read carefully folks, as you’re about to get an economics lesson….. Nonfarm business sector labor productivity increased at a 2.3 percent annual rate during the third quarter of 2011, the U.S. Bureau of Labor Statistics reported today, with output and hours worked rising 3.2 percent and 0.8 percent, respectively. (All...

My worst fears about the deteriorating state of the US residential housing market were confirmed today with the release of the closely watched Case-Shiller Home Price Index. Nationwide, Q3 delivered a 3.9% decline in home prices, hot on the heels of a whopping 5.8% plunge in Q2. Most markets are at 8-10 year lows with the exception of Detroit, which...

Submitted by Tyler Durden As expected, the Fed has just bailed out the world once again: FED, ECB, BOJ, BOE, SNB, BANK OF CANADA LOWER SWAP RATES - BBG ECB, FED other major central bank to lower the pricing of existing USD liquidity swaps by 50BPS And as we have been writing every single day, the worldwide dollar crunch is now confirmed: At present,...

The December NASDAQ 100 closed lower on Tuesday as it consolidated some of Monday’s rally. The mid-range close sets the stage for a steady opening when Wednesday’s night session begins trading. Stochastics and the RSI are oversold but are turning bullish signaling that a short-term low might be in or is near. Closes above the 20-day moving...

Courtesy of Jordan Roy-Byrne, CMT It has been a tough year for the mining stocks. The large stocks have moved back and forth in a range from support to resistance while the mid tiers and juniors have really struggled especially in recent months. With Europe seemingly on the brink and most markets turning down, it is an opportune time to examine the...

Submitted by Tyler Durden Today, BusinessWeek’s Michael Serrill and Jonathan Neumann have released a blockbuster report based on a FOIA response by the Treasury, which proves that in America rules are only for little people, that this country has been a banana republic for years, that Animal Farm was spot on, and gives excruciating detail of...

Courtesy of Mish It’s difficult to catch the early news from Europe and the US open as well, unless one never sleeps. Here we are in the midst of another flatline gap-up rally. Here is an intraday chart of the S&P 500. S&P 500 3-Minute Chart As with the last gap-up on rumors now dead, I confidently predict this nearly-3% gap will fill sooner,...

by Karl Denninger Oh, so there was inside information passed around? On the morning of July 21, before the Eton Park meeting, Paulson had spoken to New York Times reporters and editors, according to his Treasury Department schedule. A Times article the next day said the Federal Reserve and the Office of the Comptroller of the Currency were inspecting...

Courtesy of Fallond Stock Picks I had looked to ‘Black Friday’ as the day we would see the big one-day rally. Instead, Monday (or more precisely, pre-market Monday) was when markets booked their gain. Unfortunately, the gains came at a cost. First up was the Russell 2000. It posted nearly a 5% gain, but it wasn’t enough to recover...

By. James Burgess of Oil Price.com Back in July Larry Page became Google’s new chief executive and immediately began a campaign to reign in Google’s projects and focus their resources. This was due to the stiff competition they were facing in mobile computing and social networking from Apple and Facebook, and also investor sentiment towards...

by The Mad Hedge Fund Trader If you want to delve into the case against the long term future of US Treasury bonds in all their darkness, take a look at Foreign Affairs, the establishment bimonthly journal read by academics, intelligence agencies, and politicians alike, which I am sure you all have sitting on your nightstands. In a well-researched and...

by Karl Denninger The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest...