Jan 052013
 

  While the cost of living has become a problem for some in the US (courtesy of the Fed’s inflationary policies) it’s become a real nightmare for many in the emerging markets where as much as 50% of income is spent by consumers on food.   As a result, we’re beginning to see more and [...]

Jan 042013
 

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter Known under the official misnomer Democratic People’s Republic of Korea (DPRK), North Korea is an inscrutable, unpredictable, armed-to-the-teeth thorn in just about everyone’s side, a pariah ready to lob nukes, starve its own people, or hold out an olive branch, only to yank it back. But now something is going on [...]

Jan 042013
 

From Gluskin Sheff‘s David Rosenberg Myths And Realities Markets always operate at the margin. And what just happened at the political level was an 11th-hour deal that effectively removed the risk of a severe fiscally-induced recession, supposedly beginning this quarter. Whatever odds there were of this occurring, and judging by levels of market valuation and [...]

Jan 032013
 

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter New Year’s Eve was the main event. And it didn’t disappoint: 1,193 vehicles were burned in France in the course of a few hours, said Interior Minister Manuel Valls. Up 4% from 2009, when 1,147 vehicles were burned. A tradition no one has the balls to explain. In the days leading [...]

Jan 032013
 

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Jan 032013
 
Guest Post: Mother, Should I Trust The Government?

Submitted by Jim Quinn of The Burning Platform blog, Mother, do you think they’ll drop the bomb?Mother, do you think they’ll like this song?Mother, do you think they’ll try to break my balls?Ooh ah,Mother, should I build the wall? Mother, should I run for president?Mother, should I trust the government?Mother, will they put me in [...]

Jan 022013
 
Happy New Year Germany: Greece Needs A New Bailout

When it comes to the main sovereign story of 2011 and 2012, namely the endless bailout of Greece, now in its third iteration, the conventional wisdom is that courtesy of the near elimination of the country’s private sovereign debt and the fact that its official foreign debt held by benevolent taxpayer funded globalist powers (IMF, [...]

Jan 022013
 
Big Hedge Fund Whacked

  One of the biggest leveraged hedge funds in the world got hit with a 2×4 during the 4th Q. This fund has a mixed bag of assets, but was heavily exposed to big FX positions.   The fund made a big “bet” recently when they went short EURYEN. This turned sour in a very [...]

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