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Harley Bassman: "The Fed Is Trying To Land A Jumbo Jet On A Football Field"
Once upon a time, one of the best sell-side analysts in the MBS space was Merrill Lynch's "Convexity Maven"Harley Bassman: he was so good, in fact, he was quickly soaked up to the buyside, or at least...
View ArticleFrontrunning: October 23
Canada PM vows crackdown after capital shocked by fatal attacks (Reuters)Canada Gunman Was Convert to Islam With Criminal Record (BBG)Some U.S. hospitals weigh withholding care to Ebola patients...
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5 Things To Ponder: To QE Or Not To QE
Submitted by Lance Roberts of STA Wealth Management,Over the last few weeks, the markets have seen wild vacillations as stocks plunged and then surged on a massive short-squeeze in the most beaten up...
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Is The Sudden Increase Of Cancelled IPO ’s Signaling More Havoc?
We all know the recent past few weeks have been very rough on the general markets. For instance, the Dow Jones Index lost more than a thousand points since it peaked in the third week of September, and...
View ArticleFrontrunning: October 27
White House questions new Ebola rules, nurse plans to sue (Reuters)States stand firm on Ebola quarantines despite White House pressure (Reuters)Rousseff Naming Brazil Finance Minister Key to Regain...
View ArticleFrontrunning: October 28
CDC says returning Ebola medical workers should not be quarantined (Reuters)Sweden’s central bank cuts rates to zero (FT)Hacking Trail Leads to Russia, Experts Say (WSJ)Discount-Hunting Shoppers...
View ArticleFrontrunning: October 29
Fed set to end one crisis chapter even as global risks rise (Reuters)... you mean, for the third time?Insider-Trading Probe Focuses on Medicare Agency (WSJ)He's sorry: Rajoy Apologizes as New Wave of...
View ArticleFrontrunning: October 30
"Soaring consumer confidence" - How the Economy Is Stoking Voter Anger at Incumbent Governors (WSJ)Euro zone deflation worries shield German Bunds from upbeat Fed (Reuters)Greece’s Euro Dilemma Is Back...
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Jim Grant On Complexity: The Hidden Cost Of Central Bank Actions
Authored by Jim Grant of Grant's Interest Rate Observer,Central banks are printing rules almost as fast as they’re printing money. The consequences of these fast-multiplying directives — complicated,...
View ArticleFrontrunning: October 31
Futures rally after BOJ ramps up stimulus (Reuters), Japan's central bank shocks markets with more easing as inflation slows (Reuters)Kuroda Jolts Markets With Assault on Deflation Mindset (BBG)Japan...
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BofA Banker Arrested In Hong Kong For Double Murder Of Two Prostitutes, One...
The excesses of 1980s New York investment banking as captured best (and with just a dose of hyperbole) by Bret Easton Ellis's American Psycho may be long gone in the US, but they certainly are alive...
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FBI To Probe Accounting Fraud At Multi-Billion REIT
While the Fed and the BOJ were by far the biggest news of the past week, explicitly admitting that the world simply can not exist without one central bank passing the monetization torch to someone...
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The Zombie System: How Capitalism Has Gone Off The Rails
Authored by Michael Sauga, originally posted at Der Spiegel,Six years after the Lehman disaster, the industrialized world is suffering from Japan Syndrome. Growth is minimal, another crash may be...
View ArticleFrontrunning: November 3
To salvage his presidency, Obama faces pressure to reboot - but will he? (Reuters)Pro-Russian separatist Zakharchenko wins Ukraine rebel vote (Reuters)Russia's Recognition of Ukrainian Separatist...
View ArticleFrontrunning: November 4
Republicans expect gains, but many races close on election day (Reuters)Ahead of tough election, White House blames dismay with Washington (Reuters)On Election Day, a Tale of the Young and the Old...
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Bank Of America Psycho Killer Was Busy Helping Hedge Funds Avoid Taxes During...
The most bizarre story of the weekend was that of Bank of America's 29-year-old banker Rurik Jutting, who shortly after allegedly killing two prostitutes (and stuffing one in a suitcase), called the...
View ArticleFrontrunning: November 5
From Yes We Can to Probably Not (BBG)How Mitch McConnell did it (Politico)Tough road ahead for Obama after Republicans seize Senate (Reuters)Election 2014: Who were the big winners and losers? (USA...
View ArticleFrontrunning: November 7
The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare (Matt Taibbi)Explains the midterm results: Optimism precedes job data (Reuters)EU Dream Ebbs Amid Weak Growth, Putin's Jets, 25 Years After...
View ArticleFrontrunning: November 10
Obama urges China to be partner in ensuring world order (Reuters)China Sees Itself at Center of New Asian Order (WSJ)Xi Dangles $1.25 Trillion as China Counters U.S. Refocus (BBG)China's Xi, Japan's...
View ArticleFrontrunning: November 11
No Sign of Thaw in Obama’s Brief Encounters With Putin (BBG)Japan Lawmakers Prepare for Snap Elections as Abe Mulls Tax (BBG)Global stocks rise, Brent crude hits four-year low (Reuters)U.S., China to...
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