Which Way Wednesday – Fed Edition
It’s Yellen time! The last Fed statement came out on January 29th and, as you can see from Dave Fry’s Dow chart on the right from Feb 3rd, it was not …
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Goodbye Blythe Masters: JPM Sells Its Physical Commodities Business To Mercuria For $3.5 Billion
While it has been public for a long time that i) JPM is eager to sell its physical commodities business and ii) the most likely buyer was little known Swiss-based Mercuria, there …
Read More Insider Elites Getting Out In Massive Pump And Dump Operation
Zero Hedge has a post up that is important from a behavioral perspective. The corporate elites have gone into overdrive on record stock buybacks and are using record underwritings of corporate bonds …
Read More Economy Plods On As Fed Sows The Seeds Of Destruction
The seasonally adjusted headline number for February Industrial Production crushed economists’ expectations, coming in at a month to month gain of 0.6% versus the pros’ guesstimate +0.1%. Wall Street Examiner Professional Edition readers weren’t …
Read More Italy: Good News, But Still Way Too Much Debt
Matteo Renzi Proposes Sweeping Tax Cuts Italy’s new prime minister Matteo Renzi is reversing some of the worst aspects of the legacy of the Brussels-approved professional bureaucrat Mario Monti by proposing …
Read More Pay Our Pensions Or We’ll Throw You In Jail: The Legalization Of Looting
Rather than deal forthrightly with the reality that unrealistic promises made to their employees cannot be honored, local government has pursued a strategy of legalizing looting. The gradual erosion of …
Read More FedEx Misses Across The Board, Guides Lower, Cuts CapEx Spending Forecast – Blames It All On Weather
Remember when in what at the time was the ultimate #Ref! moment, in January UPS missed and guided lower due to a, drumroll, surge in business resulting from “an unprecedented level of online shopping that …
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Gold Bull Market Corrections Then And Now
The rumours of the death of the precious metals bull market might just be a bit premature. I think we are in the midst of a generational change in the …
Read More Russian Stocks Continue To Surge After Crimea Referendum
A Rally Met With Disbelief A big rally is currently underway in Russian stocks now that it seems certain that the Crimea is going to be absorbed into the Russian …
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Accounting Control Fraud And The Great Financial Crisis
Bill Black Explains the Corruption that Produced the Great Financial Crisis Econintersect: William K. Black, an authority on banking fraud from his years as a regulator during the Savings & …
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