
| URL : | http://www.zerohedge.com | |
|---|---|---|
| Filed Under: | Business & Finance | |
| Posts on Regator: | 27713 | |
| Posts / Week: | 235.1 | |
| Archived Since: | February 18, 2011 | |
Was this it for the index that until last night was up a pennystock-esque 85% in 6 months? According to the supposedly smartest money, hedge funds, who had already started offloading NKY225 exposure, the answer is yes. From SocGen: Nikkei still favoured – Hedge Fund investors have backed the Nikkei since it began rallying in November 2012. Show More Summary
Six months ago, Japan's message to the Kyle Bassians of the world - was simple: Q. If Japan has a financial collapse, what will happen to its government bonds? A. Please do not worry. Uhm, Ok. The somewhat vague, if very reassuring, warning above has since been revised to provide some additional "information": Q. Show More Summary
Global shares sink, following 7.3 percent drop in Japan's Nikkei (Reuters) When all fails, pull a Kevin Bacon: Japan Economy Chief Warns Against Panic Over Stock Sell-Off (BBG) White House Feeds IRS Frenzy by Revising Accounts (BBG)Show More Summary
Once again: The FOMC minutes had nothing to do with overnight's events, especially since both Ben Bernanke and Bill Dudley made it very clear previously that for any tapering to occur (and which is supposedly bullish according to David...Show More Summary
Yesterday afternoon, following the rout in the US stock market, we made a spurious preview of the true main event: So selloff in JGBs tonight? — zerohedge (@zerohedge) May 22, 2013 We had no idea how right we would be because the second...Show More Summary
UPDATE: They are paniccing... BOJ injected 2 trillion yen ($19.4 billion) into the financial system to stem volatility following a circuit breaker in JGB futures trading. All the time it is just the quadrillion JPY second-largest bond...Show More Summary
Submitted by Jim Quinn of The Burning Platform blog, A confluence of events last week has me reminiscing about the days gone by and apprehensive about the future. I’ve spent a substantial portion of my adulthood rushing to baseball fields, hockey rinks, gymnasiums, and school auditoriums after a long day at work. Show More Summary
For the first time since October 2012, HSBC's China PMI (Flash) printed at a sub-50 level (49.6) missing expectations (50.4) quite notably. This is the worst two-month drop in 17 months. This is problematic for the PBoC who are being...Show More Summary
Well, they've finally done it. As the following chart of the day from Bloomberg shows, as of this week, hedge funds have made "the biggest bet ever" against gold by taking Comex gold shorts to all time highs. To their reflexive benefit, we will admit, they have managed to push the price of gold lower, not much... Show More Summary
Submitted by Charles Hugh-Smith of OfTwoMinds blog, In his new book, Douglas Rushkoff examines the telescoping of time and context wrought by ubiquitous digital technologies. One of the few observers who is able to articulate a coherent critical account of American culture is Douglas Rushkoff. Show More Summary
Japanese government bonds (JGB) futures have been halted once again this evening as the market opens down over 1 point. 10Y yields smash 11.5bps higher to 1.00% and 5Y yields add 6bps to 47bps. These are quite simply unprecedented moves in what 'was' a safe asset class and impresses yet another VaR shock on the market (as we detailed here). Show More Summary
"Never attribute to malice that which is adequately explained by stupidity" Robert Hanlon Perhaps, when one gets down to it, there was no actual intent of malice or ill-will on behalf of the IRS to persecute conservative groups (there was of course), and the bottom line is that all of the administration's IRS apparatchicks were just bloody stupid. Show More Summary
Humanity Is Getting Dumber Scientists say that we have much smaller brains than our ancestors had 20,000 years ago … and we might have gotten stupider since agriculture became widespread. Indeed, Huffington Post reports that we’ve probably...Show More Summary
Submitted by F.F.Wiley of Cyniconomics blog, Do you need a break from public policy buzzwords? Are you happy to go back to the days when cliffs were discussed occasionally on the National Geographic channel but not analyzed ad nauseum...Show More Summary
Submitted by Tim Price via Sovereign Man blog, James Montier’s bible on behavioural finance, ‘Behavioural investing’, points out two recent discoveries by neuroscientists that have relevance to all investors: 1) We are hard-wired toShow More Summary
In a letter to Congress (below), AG Eric Holder admitted that the administration deliberately killed American Anwar al-Awlaki (the radical Muslim cleric) in a drone strike in September 2011 adding, as the NY Times reports, "the decision...Show More Summary
With Greece suffering the biggest economic depression in decades, all so a few rich men can preserve their wealth and not have their EUR-denominated savings wiped out (even if the alternative means finally being able to rebalance externally...Show More Summary
Submitted by Lance Roberts of Street Talk Live blog, "The economy is amazing right now - employment is recovering, innovation is going and housing is reviving. What's not to love?" This was a statement I heard in the media to justify the recent rise in the stock market. Show More Summary
Today saw the largest high to low drop intraday (down over 2.3%) in the S&P 500 for five weeks as it fell back to the 'Tepper Top'. Volume was the 3rd highest of the year. As expected, high-beta muppets were hurt most; Trannies wereShow More Summary
Submitted by Chris Martenson of Peak Prosperity blog, As the global equity and bond markets grind ever higher, abundant signs exist that we are once again living through an asset bubble – or rather a whole series of bubbles in a variety of markets. Show More Summary