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Yes, yes, everyone knows hedge funds aren't benchmarked to the S&P - after all they "hedge" for the broader market downside.
The grace period between February and mid-May, when the US spent like a drunken sailor without regard for even structural limitations, and raked up over $300 billion in debt, or said otherwise when it was without an official debt limit, is over as...
While anecdotally we see again and again that equities rally on bad news (The Fed will save us) and good news (see The Fed saved us), none of that matters until it gets the Goldman Sachs stamp of approval.
While many may not recall that the US has been without an official debt ceiling for the past three months, or even that it has a debt target ceiling, the bonus period agreed upon in January to let the nation rake up some $400 billion in addition...
Submitted by Adam Taggart via Peak Prosperity blog, Everyone knows the odds of winning in a casino are worse than 50% (often much worse depending on the game played).
China's demand for gold jumped 20% to 294 tonnes in the first quarter of 2013, while global gold demand overall slid 13% thanks to the dramatic rotation of demand from paper to physical.
Submitted by Lance Roberts of Street Talk Live blog, Today's chart looks at the market from a technical perspective. While there are a plethora of Wall Street analysts calling for much higher levels for the S&P 500; most of these calls are based...
It is only logical that when one of the smarter people in finance warns that he "sees bubble everywhere" that he should be roundly ignored by those who have no choice but to dance.
France slipped into its third recession in four years as Germany barely went into positive territory, underperforming general expectations.
Financial Times May 12, 2013 Some of the world’s leading hedge funds are pouring money into the Greek banking sector in expectation of huge potential returns, even as the country struggles to right its economy in the face of deep government...
These are clear warnings signs that a rational person simply cannot ignore. Bottom line, Nations are going bust. And the worse things get, the more desperate their tactics become. This isn't the first time that the world has been in this position.
Another day, another set of horrible European data that merely stokes the idiocy of bad is good front-running of an ECB rate cut next week.
It is no surprise that pension funds in the US are significantly underfunded (median 72% funded). California Public Employees’ Retirement System (CALPERS), specifically, is about 26% short of meeting its long-term commitments.
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Or maybe this is a trick question, and the answer for the "New Normal", when all central banks are coordinating on reflating the biggest asset bubble of all time, is "all of them"...
Two years ago, Zero Hedge first made the observation that the bulk of Fed reserves (also known simply as "cash created out of thin air" because money is first and foremost fungible no matter what textbook theoreticians may claim, and the only cash...
The last few years have been dominated by one theme and every trade has been a derivative bet on that theme.
There has been a long string of crummy economic data which has largely been ignored (“bad news is good”) by bulls.
Japan continues to be the world's biggest financial story. The consensus seems to be that the country's extraordinary economic measures are good for both itself and the world.
Today’s AM fix was USD 1,377.00, EUR 1,070.01 and GBP 904.32 per ounce.
Confirming what we explained recently, Morgan Stanley explains that among its equity long-short fund activity, the short activity (the net of shorts added and shorts covered) reached a minus-2 z-score indicating massive covering over the past 20...
by Richard Barley Wall Street Journal May 14, 2013 What a difference a year makes.
Submitted by Michael Snyder of The Economic Collapse blog, When is the economic collapse going to happen?
A PEW study on European Attitudes shows social mood is darkening in the Eurozone, but especially in France. The 78 page study "The New Sick Man of Europe: The European Union" is worth a look in entirety, but let's turn the spotlight on France.
While not in the throes of a real estate crash, Italian banks are seeing a sharp deterioration in the quality of their assets.
As expected in this corner, the Markit Flash Germany PMI® shows German private sector output declines for first time since November 2012. Key Points: Flash Germany Composite Output Index(1) at 48.8 (50.6 in March), 6-month low.
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