Crimes rising against economy
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30 yr auction soft/another QE keg
The 30 yr bond auction was soft as the yield was 1 bp above the when issued and the bid to cover of 2.47 was below the previous 12 month...
10 Thursday AM Reads
My (belated) morning reads: • Why Wall Street Should Stop Whining (Rolling Stone) • To Envision Dodd-Frank’s Future, Look to Its...
Handing out money instead of candy
Like handing out candy to kids on Halloween, central banks keep handing out money to adults that continue to magically grow out of...
Why @GSElevator Is a Fake
When the Twitter handle @GSElevator first launched, I followed it for a while, but soon thereafter unfollowed. Some of it was funny...
January Chinese inflation higher than expected
Japanese machinery orders fell by -7.1% in December, far more than the expected decline of -5.0%. With falling exports, deflation, a huge...
Are Positives Starting to Dominate ?
The folks at ISI are suggesting that the economic and policy data is beginning to become overwhelmingly positive. I am less sanguine then...
10 Wednesday PM Reads
My afternoon train reading: • Lunch with Kenneth Rogoff (FT.com) • Facebook already went public, you weren’t invited (Fortune)...
SEC Keeps Giving Wall Street Banks A Break
Source: S.E.C. Is Avoiding Tough Sanctions for Large Banks NYT, February 3, 2012
10 yr auction ok, what’s it say?
The 10 yr auction was mixed but not enough a mover either way to alter market dynamics. The yield of 2.02% was a touch below the when...