A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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A Federal Reserve regional bank president on Thursday said board members should resign if they undermine public confidence in the central bank system. In the wake of recent criticism of J.P. Morgan Chase & Co. Chief Executive James Dimon‘s role on the New York Fed board, Federal Reserve Bank of Kansas City President Esther...
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The market has fallen to a major support convergence at 1295 and is in a bottoming window time wise. That window stretches across the next two weeks. If the 1295 level breaks, ugly could get uglier. Here’s how much.
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This report is an excerpt from the permanent Employment Chart page. The edge that Federal Withholding Tax collections had held over last year continued to narrow last week, suggesting a weakening employment picture in May. The chart below compares current withholding tax collections with last year on the same date. This year collections have...
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Tyler Durden is a “person” (or persons), who doesn’t want to reveal his true identity in public, instead cloaking himself behind a mythical cinema persona. That persona is who “Tyler” wishes he was, not who he is. You all know “Tyler.” He’s the guy who started and runs Zerohedge, which is a truly great...
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May 15 (Reuters) – Noted investors including mutual fund giant Fidelity Investments and hedge fund manager Leon Cooperman bought shares of JPMorgan Chase & Co in the first quarter, just before the stock was rocked by revelations of a surprise $2 billion trading loss… Boston-based Fidelity, one of the largest managers of U.S. mutual...
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As individuals bail out of U.S. stocks at the fastest rate in three decades, professional speculators have cut bearish bets by the most since 2008. Money managers are net short 19,375 contracts on the Standard & Poor’s 500 Index, down 82 percent from a four-year high in September even after the figure jumped from...
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THERE is an ongoing debate in this country about the rich: who they are, what their social role may be, whether they are good or bad. Well, consider the following. A recent study found that 10 percent of people who work on Wall Street are “clinical psychopaths,” exhibiting a lack of interest in and...
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Worsening financial and political turmoil in southern Europe caused a surge of interest in London property last month with buyers from Greece and Spain showing strongly among investors seeking a safe haven for their money. The number of Greeks searching for homes costing more than 1.5 million pounds ($2.4 million) on the website of...
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Equity Mutual Fund Flows The permanent page for these charts is Mutual Fund and Money Market Fund Flows Charts. The charts will be updated there regularly. April projected based on weekly figures. While not a primary liquidity driver, this chart is useful as a peripheral market indicator. It has begun to turn intermediate term bearish...
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Update Saturday 3:42 PM: Things seem to be up and running. Let’s keep our fingers crossed. Due to the attention I have had to give this, the Professional Edition Treasury update has been delayed. It should be posted by Sunday evening along with the Market Update. The Fed Report will be further delayed with...
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Disappointing, but not shocking. The government’s report Friday that the economy created fewer jobs than expected in April—115,000—showed an unwelcome deceleration of America’s job-creating machine. Economists surveyed by Bloomberg News had a median forecast of 160,000 jobs created. In the big picture, though, the nearly 3-year-old expansion is proceeding at the same pace as...
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The chorus against the Fed Bubble continues apace as David Einhorn rips Fed’s jelly donuts policies. Rick Santelli and Fed apologist Steve Leisman discuss the Einhorn’s statement. These exchanges have gone on for a few years, except now Leisman really seems to be on the defensive in a crackpot blathering rancid stale bread kind of way. Next...
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Philly Fed President Charles Plosser said in a speech in San Diego: “You may know that I dissented from the FOMC decisions in August and September because it was not clear to me that increasing monetary policy accommodation was appropriate then. After all, inflation was higher and unemployment was lower relative to the previous...
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Some tweets on the housing data.
Lee Adler @Lee_Adler actual inventory to sales ratio at 4.5 lowest since Aug 05. http://pbckt.com/pA.RnqWlY
Lee Adler @Lee_Adler NSA inventory revised down each month Nov to Feb. Completed units revised dow...
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While the media was touting a miss on consensus expectations, and Bloomberg posted an outright lie on Twitter, the actual unadjusted data did show a big improvement over the year ago performance.
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On Radio Free Wall Street, Lee Adler and I have had lively discussions about market predictors. Lee holds to his work on monetary and technical indicators. Normally that might be the preferred method, but right now something doesn’t pass my smell test. I’ve been saying that the markets, as currently positioned, are extremely vulnerable to...
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