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The Equity Bull Market Continues
February 28, 2011
<Click on chart for larger image> MSN/Money – Bill Fleckenstein: A bull market in risk rages on When stocks are driven higher by central bank money-printing, they also get riskier. That’s exactly what is happening now, and it’s sure to end badly. Speculative fervor has continued relatively unabated so far this year, such that four… Continue reading The Equity Bull Market Continues
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Can A Bailout Be Renegotiated?
February 28, 2011
The Telegraph (UK) – Ireland: Enda Kenny to call for bail-out to be renegotiated Ireland’s new prime minister will warn Angela Merkel and Nicolas Sarkozy that a massive Irish backlash against the country’s austerity programme means the £72 billion bail-out must be renegotiated. Enda Kenny, leader of Ireland’s Fine Gael party, hailed a “democratic revolution”… Continue reading Can A Bailout Be Renegotiated?
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Questions For Bernanke
February 28, 2011
Bloomberg.com – Caroline Baum: Five Questions for Bernanke on Capitol Hill Twice a year, the chairman of the Federal Reserve goes up to Capitol Hill to deliver the Fed’s semiannual monetary report to Congress. And twice each year — four times, actually, because he appears before both Senate and House committees — we get to… Continue reading Questions For Bernanke
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Munis
February 28, 2011
The Financial Times – Muni market faces tough test in US US states, local governments and other public bodies are selling bonds this year at the lowest rate in more than a decade after a recent sell-off drove borrowing costs higher. Funding and refinancing needs are expected to lure issuers back to the $3,000bn municipal… Continue reading Munis
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The Yield Curve
February 28, 2011
<Click on chart for larger image> The Financial Times – The yield curve: flattening again The bond market seldom lies, so what is it trying to tell us? The US yield curve, as expressed by the spread between 10- and two-year yields, entered this year as steep as it has ever been, at about 2.9… Continue reading The Yield Curve
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Retail Gas Prices
February 28, 2011
CNN/Money – How gas spikes 6 cents in one day Gas prices spiked 6 cents Friday, the biggest one-day jump in two years, and drivers are probably wondering how prices can rise so much in such a short period of time. Sure, oil prices surged past $100 a barrel Thursday in the wake of violence… Continue reading Retail Gas Prices
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Is Housing About To Bottom?
February 28, 2011
The Wall Street Journal – Why 2011 May Be the End of the Housing Crash There might finally be some good news this year about the nation’s dismal housing market. Or, at least, the bad news could stop. Either way, it will be welcome relief for current homeowners as well as for potential real-estate investors.… Continue reading Is Housing About To Bottom?
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Now Gadhafi Is In Trouble!
February 28, 2011
The Wall Street Journal – Gadhafi’s Nurse Says She’s Going Home Embattled Libyan leader Moammar Gadhafi is set to be deserted by another close ally after his Ukrainian nurse said she was heading home. Galyna Kolotnytska, described in a diplomatic cable published by Wikileaks as a “voluptuous blond” who “travel[s] everywhere” with Col. Gadhafi, called… Continue reading Now Gadhafi Is In Trouble!
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We’re All Doomed!
February 28, 2011
Zero Hedge (blog) – Marc Faber: “I Think We Are All Doomed” All who enjoy hearing a meaty Marc Faber fire and brimstone sermon, that cuts through the bullshit, will be happy to know that the Gloom, Boom and Doom author conducted a 40 minute interview with the McAlvany Financial Group, which covers all the… Continue reading We’re All Doomed!
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Booming Commodities
February 28, 2011
The Wall Street Journal – Farm Boom Is Leading to Growing Concerns The cure for higher commodity prices is usually higher commodity prices. The global clamor for corn, wheat, soybeans and other crops has been a stroke of good fortune for the agricultural industry. The U.S. Department of Agriculture projects total cash receipts, or income,… Continue reading Booming Commodities
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Shades Of 2005 To 2007 In CDS Trading
February 28, 2011
The Wall Street Journal – Wall Street Bets on Debt That Doesn’t Exist Fresh from Wall Street’s alchemy labs: Credit derivatives tied to General Motors Co. debt. The rub is, no such debt exists. Banks and hedge funds are trading credit-default swaps, which make payments to holders of General Motors bonds in the event of… Continue reading Shades Of 2005 To 2007 In CDS Trading