Blog Archives

China Triples Size Of African Equity Fund To $3 Billion

china africa
China’s Africa development fund is set to triple in size to $3 billion, according to China Daily.
The China-Africa Development Fund (CAD) targets investment projects on the African continent, including both industrial and infrastructure enterprises.
Specifically, the fund has been…

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Gartman: Forget Talk Of ‘Limited’ European Money Printing, They’re Going To Go Full Throttle

Euro Printing PressDennis Gartman sees the European Central Bank continuing with its quantitative easing measures in an effort to ease the pain on fringe states pushing austerity budgets.
Right now, the ECB has suggested the QE programs will be limited and that…

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Gartman: Forget Talk Of ‘Limited’ European Money Printing, They’re Going To Go Full Throttle

Euro Printing PressDennis Gartman sees the European Central Bank continuing with its quantitative easing measures in an effort to ease the pain on fringe states pushing austerity budgets.
Right now, the ECB has suggested the QE programs will be limited and that…

Posted in News

Goldman Sachs Timberwolf Deal Brought Down A Hedge Fund, Potentially Under Criminal Investigation (GS)

Timberwolf 527
The Timberwolf deal, infamously tagged a “shitty deal” during the Goldman Sachs Senate hearings, is now at the center of a criminal investigation around the firm, according to the Huffington Post.
Federal prosecutors are focusing on this deal, and its…

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Hussman: Here’s Why The Market Still Has A Long Way Down

Money manager John Hussman spoke with Bloomberg Television today about how he feels the market is overvalued and has a long way to go down. He was also keen to point out the problems of Europe, and that an orderly…

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Forex Uber-Volatility Datapoint Of The Day: Australia Vs. Japan

The Aussie dollar is up 4.44% over the Japanese yen in today’s trading, partly due to the to growing belief that the mining tax won’t have teeth in Australia, though mainly becaue everyone is having an optimistic day.
And of…

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MAP OF THE DAY: Is Katla Ready To Erupt And Bring Europe To Its Knees Again?

A report from University College London is pointing towards a near term eruption of Iceland’s giant volcano, Katla, according to MSNBC.com (heard through Zero Hedge).
The President of Iceland has also cautioned against an imminent eruption saying that Europe, its…

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Here Is David Einhorn’s Full Presentation On How We, Not Our Grandchildren, Are The Ones Who Are Going To Pay For This Crisis

Hedge fund manager David Einhorn’s op-ed in the New York Times this morning details how the imminent crisis we’re about to experience will not be the burden of our granchildren, but us instead.
Now we have the full presentation Einhorn…

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European Mining CDS Show Positivity Over Australian Tax

With doubts emerging as to whether or not Australia will follow through with its super-tax on mining profits, European mining companies are beginning to show signs of relief in their CDS.
It is still unknown whether or not the mining…

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10 Things You Need To Know This Morning (BP, SPY)

partying lohan AP
Good morning. Here’s what you need to know:

Asian exchanges were up in overnight trading, and European indices have also started the day stronger, many making over 2% gains. U.S. futures are also showing signs of big morning gains. 

Jobless…

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Compared To Our Bailout, The Euro Bailout Is NOTHING

In what is the clearest expression of the size of the European debt problem right now, Birinyi Associates have put together a display of U.S. private sector bailout debt compared to the problems of Greece, Ireland, and Spain.
Spain is…

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Marc Faber: “The Banks Are Gone”

Marc Faber spoke with Bloomberg Television about his bearish views on markets yesterday, and they remain as bearish as always.
“The banks are gone,” according to Marc Faber, and are only being kept alive by European Central Bank and government…

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Nightmare! What The UK’s New Austerity Budget Would Look Like In The U.S.

Ghost
The UK has announced its public spending cuts for the year 2010, and they take aim at a bloated budget and rising deficit.
The cuts target a broad range of government activities, including child services and ministerial benefits.
We’ve taken…

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Robert Shiller: BP Oil Spill Could Hammer Consumer Confidence

Robert Shiller spoke with Bloomberg Television reporter Margaret Brennan about the new Case-Shiller index numbers, but also the impact of the BP oil leak on consumer sentiment.

0:33 This is a time of extraordinary uncertainty about home prices, particularly because…

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Here’s Why The Crisis In Spain’s Banks Might Not Spread To The Giants Santander And BBVA

Spain’s current banking crisis is unlikely to spread to Santander and BBVA because those banks are well diversified, according to Arturo de Frias of Evolution Securities.
In speaking to CNBC, de Frias revealed how the likely impact of this Spanish…

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10 Things You Need To Know Before The Opening Bell (AIG, BP, SPY)

north korea
Good morning. Here’s what you need to know:

Asian markets fell significantly overnight due to increasing geopolitical fears associated with the Korean Peninsula. European markets are also down hard in early trading on similar news, as well as concerns over…

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This Market May Look Boring But Check Out The Chaos In Financials (MS, GS, C, BAC)

Today’s market may seem boring, with minor moves in the major indices, but financials have being moving largely downward, and to a significant degree.
The big name big loser, Morgan Stanley down 4.28%.
Don’t miss: the 8 hedge fund managers…

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Things Moving Quickly, As Spanish Government Forces Four Banks To Merge To Prop Up System

Spain European Championship
The Spanish government has just moved to support its banking system again, forcing four major banks to combine in a bid to save their existence.
The move targets Cajastur, Caja de Ahorros del Mediterráneo, Caja Extremadura, and Caja Cantabria, according…

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MAP OF THE DAY: Here’s Where Brazil Just Got Hit By A 6.5 Magnitude Earthquake

Brazil just got rocked by a 6.5 magnitude earthquake in the northwest portion of the country. In contrast, the highly destructive Chilean earthquake of February had a magnitude of 8.8.
The earthquake hit the state of Acre, which is 1687…

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CajaSur Bailout Rattles Spanish Markets But The Rest Of Europe Doesn’t Care

European markets were mixed in today’s trading, but Spain’s IBEX was noticeably lower, off around 1.3%, on concerns over the country’s bailout of regional lender CajaSur.

UK FTSE, flat.
German DAX, down .5%.
French CAC, flat.

IBEX, down around 1.3%:…

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