Monthly Archives: June 2013

Record leverage prompts dash for cash out of everything else

Rick Santelli looks at how record leverage is driving a ‘grand rotation’ out of all asset classes and into cash. Here is a direct link.

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Student debt crushing next generation of consumers

More than 38 million Americans have student loan debt, totaling nearly $1 trillion–a staggering number that has quadrupled in 10 years and keeps rising. Student loan debt now surpasses credit card and auto loan debt in America, and interest rates … Continue reading

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The more outcomes stay the same

‘QE’ experiments have birthed the latest in a recurring saga of group faith in fairies. After 3 years of intermittent liquidity spikes that had, at least to the end of May, managed to stall the S&P from joining commodities and … Continue reading

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Consumers feeling confident?

            Here is the long term view of consumer confidence trends courtesy of Zerohedge.

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Danielle’s weekly market update

Danielle was a guest today on Talk Digital Network talking about recent developments in the world economy and markets. You can listen to an audio clip of the segment here.

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Slowing growth magnifies social unrest

The eruption of anger from thousands of protesters in Turkey and Brazil this past month are the byproduct of a perfect storm of social and economic factors, Michael Casey reports. Here is a direct video link.

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Fed’s mother of all asset bubbles: billowing now in markets near you

Bloomberg’s Scarlet Fu displays the gap between GDP and the Fed fund rate that suggests a coming bubble. Here is a direct video link.

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Fed’s Lacker on why its time to taper

Bloomberg chief Washington correspondent Peter Cook recaps his interview with Federal Reserve Bank of Richmond President Jeff Lacker on tapering of the Bank’s bond-buying program and the recent flood of comments from bank presidents.Here is a direct video link. I … Continue reading

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The art of conversation

I have often thought that we individuals experience life as attendees at a concert where each of us can only truly see the view from our own sight-line or those we have had in the past. Since it is impossible … Continue reading

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Credit crunch in China prompting dash for cash in global markets

China’s banks shouldn’t breathe sigh of relief. Here is a direct video link.

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Shiller: a rare, honest economist, admits what most financial types never will

I disagree with his praise for Bernanke as a savior, as it ignores the reality that Bernanke was a member of the Greenspan-led Fed that helped inflate the very stock and housing market bubbles that he then had to “rescue” … Continue reading

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Q1 US GDP revised below 2% and HFTers go wild

US Q1 GDP came in revised to 1.8% from previous dreams estimates of 2.4%. Stock algos are so far roaring out of the gate on the excited expectation that weakening growth and plunging capex and personal consumption expenditures will prompt … Continue reading

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Near-term bounce before next leg down?

Marc Faber, publisher of the Gloom, Boom & Doom Report, says near-term treasury bonds, gold and equity markets are very oversold and they can rebound for the next 10 days or even the next month before the next leg down.Here … Continue reading

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Chinese cash squeeze spreading global market risks

The most highly levered, thinly participated global financial markets since 2007 can ill absorb a cash squeeze in the world’s 2nd largest economy. Chinese stocks were down a further 5.3% last night and the Shanghai Composite is now below 2000 … Continue reading

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HFT creating fantasy volume to lure in other investors

Financial markets today have a plethora of fundamental problems and instabilities magnified by intentionally opaque disclosure and liquidity juiced, over-valuations. And on a technical note, HFT has turned fund flows into a freak show of farce, fraud and fantasy. (“But … Continue reading

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