Tag Archives: Zerohedge

BofA Reports $2.5 BN Net Income On $1.9 BN Reserve Release, Private Repurchase Request Claims Soar

There were several numbers one should focus on today’s Bank of America earnings release. They were not the Net Income EPS ($0.19 which beat estimates of $0.15), the Income before income taxes of $3.4 billion, nor Revenue net of interest … Continue reading

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The Politicians Have To Stop Doing What They Have Done Since WWII

In an interview on Bloomberg TV, RDM Financial’s Ron Weiner summarizes the thing that keeps him up at night as in over thirty years he has never seen “The fate of the world economy rests so much on politicians.” Pointing … Continue reading

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JP Morgan Admits That CIO Group Consistently Mismarked Hundreds Of Billions In CDS In Effort To Artificially Boost Profits

JP Morgan Releases Earnings: Announces $4.4 Billion CIO Loss, $3.1 Billion In “Profits” From Loan Loss Reserves, DVA From Zerohedge.com: Back on May 30 we wrote “The Second Act Of The JPM CIO Fiasco Has Arrived – Mismarking Hundreds Of … Continue reading

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Moody’s Downgrades Italy’s To Baa2 From A3, Negative Outlook

Just like Spain before everyone took the country to a Sub-A rating, Fitch is once again the decider. S&P has Italy at BBB+, and Now Moody’s just took italy under A to Baa2; only Fitch is still at A-, outlook … Continue reading

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Bloomberg or Zerohedge – Sorting Through the Propaganda

Jobless Claims In U.S. Plunge On Fewer Auto Shutdowns – Bloomberg Fewer Americans than forecast filed first-time claims for unemployment insurance payments last week, reflecting the volatility of applications during the annual auto-plant retooling period. Applications for jobless benefits decreased by 26,000 … Continue reading

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The Full Financial Monte is Coming

From The Market Oracle, UK we get a comprehensive analysis of what has happened, and what is coming in the financial world.  I am in fundamental agreement with their views, excepting a few quibbling details.  Consider this a sanity check … Continue reading

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Chile Is Latest Country To Launch Renminbi Swaps And Settlement

Chinese Premier Wen Jiabao (L) shakes hands with Chilean President Sebastian Pinera during a welcoming banquet in Santiago, capital of Chile, on June 26, 2012. (Xinhua/Zhang Duo) From Zerohedge: The dollar exclusion list is becoming bigger and bigger with every … Continue reading

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Egan Jones Downgrades Germany From AA- To A+

The unstoppable Egan-Jones juggernaut continues: 6/26/2012: Federal Republic Of Germany: EJR lowered AA- to A+ (Neg.) (S&P: AAA) (3413Z GR) Synopsis: German chancellor Angela Merkel continues to create tension with EU member states by resisting calls for EU bonds (shared liabs.), … Continue reading

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ZeroHedge Frontrunning: June 25

Merkel Backs Debt Sharing in Germany Amid Closer EU Push (Bloomberg) With a ruling as early as today, here are four health care questions the Supreme Court is asking (CBS) George Soros – Germany’s Reticence to Agree Threatens European Stability … Continue reading

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Caution: Market Volatility Coming on June 17th

Oanda has cancelled trading this Sunday (June 17, 2012) “due to the extreme volatility some market analysts foresee could result in the coming days“. Whether this trading moratorium will be extended past Monday will not be known but the elections in … Continue reading

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Sacred Honor or Shame?

How will history look back at the Constitution of the united States? Based on the current actions of our “government”, the rule of law as outlined by moral men in 1787 has been twisted to meet the needs of vain … Continue reading

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Time to Buy Gold

For the first time on record (based on Bloomberg’s data) 5-year / 5-year forward inflation expectations turned negative today. This kind of deflationary impulse has occurred twice in recent years and each time has been accompanied by dramatic Federal Reserve … Continue reading

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Bank of America – Zerohedge Analysis

Spot The Odd One Out From last Wednesday’s ECB rumor that ramped stocks higher and financials more than anything else, Goldman and JPMorgan have retraced it all and the rest are reverting rapidly on the total refutation of any rumors. … Continue reading

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European Confidence Tumbles To November 2009 Levels, Euro-Wide Double Dip Inevitable

An analysis of the European Union’s slide into recession: Following this week’s ongoing battery of abysmal economic news out of Europe it will hardly come as a surprise that yet another indicator has been released and is pointing to a … Continue reading

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Russian Stock Market Will Not Reopen: “The Situation Has Been Recognized As An Emergency”

Update 4/24/2012 This is not a drill – the Russian Stock Market has closed indefinitely, and reports are that the Russian Government has declared it an Emergency. From Zerohedge.com: One temporary halt and three delay attempts later, and we get…. this. … Continue reading

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