Category Archive: ZeroHedge

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Paleokostas/Kodos 2012

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Somehow out of the blue, the strangely morbid yet delightfully Hollywood-esque story of Greek modern day Robin Hood Vassilis Paleokostas re-emerged today. Which, considering the latest developments out of Greece is probably oddly appropriate: if there… Continue reading
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In Eerie Replay Of 2011, Gold Spikes Abruptly To Over $1770, Silver Follows

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Day after day, the long overdue correction of gold to fair value which as we have discussed previously, is now at about $2000 based on the recent multi-trillion Central Bank balance sheet expansion, keeps getting delayed, providing cheap entry points … Continue reading
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Treasury Prices $35 Billion In Forgettable 5 Year Auction

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Little to note about today’s unremarkable bond auction of $35 billion in 5 Year bonds. Hot on the heels of yesterday’s just as unremarkable  2 year bond auction, which saw total US debt/GDP surpass 101% two weeks after total debt/GDP rose over 10… Continue reading
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Guest Post: When Risk Is Disconnected From Consequence, The System Itself Is At Risk

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Submitted by Charles Hugh Smith from Of Two Minds When Risk Is Disconnected From Consequence, the System Itself Is at Risk If we understand risk cannot be eliminated, it can only be transferred, then we will understand why the current financial tricke… Continue reading
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Scandal: Greece To Receive "Negative" Cash From "Second Bailout" As It Funds Insolvent European Banks

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Earlier today, we learned the first stunner of the Greek “bailout package”, which courtesy of some convoluted transmission mechanisms would result in some, potentially quite many, Greek workers actually paying to retain their jobs: i.e., negative sala… Continue reading
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Composite Sentiment Indicator

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Figure 1 shows a weekly chart of the SP500 with the composite sentiment indicator. This indicator is constructed from 10 different variables that assess investor sentiment and behavior. It utilizes opinion data (i.e., Investors Intelligence) as well… Continue reading
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Europe’s Nash Equilibrium – A Tightly Stretched Rubber Band?

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In the ongoing ‘game of chicken’ in Europe (playing out between the core and the periphery as the main two players) it appears we are once again at a point of inflection in the Nash Equilibrium that exists only in the minds of the Eurogroup leaders. T… Continue reading
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Guest Post: Dangerous Ideas

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Submitted by Chris Martenson Dangerous Ideas We are at a key turning moment in history. The actions that we will soon decide to take will be determined by the beliefs we hold. At a time like this, holding the wrong set of beliefs can destroy your… Continue reading
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AnD NoW FoR aN OPeN CaPTioN FRoM MuHaMMaD SaeeD al BeRNaNKe (BaGMaN BeN)

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Complete Latest Hedge Fund Holdings Analysis

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The fine folks at Street of Walls have been kind enough to provide us with their latest 13F breakdown which looks at the position changes across America’s 30 largest and most important hedge funds. While we have already focused on some of the more ent… Continue reading
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NAR Continues Tradition Of Making Mockery Of Itself, Revises December Home Sales From +5% to -0.5%

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And here is yet another reason why we will permanently ignore the pathologically lying real estate syndicate known as the NAR (link): December data was just revised from +5% to -0.5% (from 4.61 million to 4.38 million). Since December market expectati… Continue reading
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Why The Core Needs To Save The Periphery

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We have discussed, at length, the symbiotic (or perhaps parasitic) relationship between the banking system in Europe and the governments (read Central Banks). The LTRO has done nothing but bring them into a closer and more mutually-reinforcing chaotic… Continue reading
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Flow of Funds Report

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  Here is a good chart showing data from the weekly mutual fund flow of funds report.   This series is using the domestic equity only data.   In the first chart, we have plotted the flow of funds in it’s raw form.  &nbs… Continue reading
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It’s Official – Greece Unveils The Negative Salary, And A Whole New Meaning For "Pay To Play"

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We thought we had seen it all. It turns out we hadn’t. The country that gave the world the alphabet, philosophy, and plates with funny sexually ambiguous drawings on them, has outdone itself again. Because beginning this month some Greeks will have to… Continue reading
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Zombie Housing Market Chronicles – Fed Fails Again To Stimulate A Housing Recovery

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While today the association of real estate advertising agents known as the NAR will tell us that the home market is improving – an economic observation which we will completely ignore as any data out of the NAR is now proven to be manipulated and frau… Continue reading
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