We continue to see AUD underperforming versus a newly invigorated EUR. Weekend comments from Trichet suggest this move should continue. CPI data due Tuesday will be less important than usual given the data predates the Queensland flood disaster.
Softer NZ data last week should see the NZD do the same.
dc CB 01:15:53 GMT - 01/23/2011
the JPM foodstamp stuff has been known for some time...of course not in the MSP(main stream press)
For you weekend reading. History of the Family Pt 1:
Many investors today, as they learn more about the nature of the Federal Reserve, are asking themselves how the US, the supposed land of the free, permit a non-Government-based cartel to take control of its monetary system? Who controls the Fed? And just how did they attain this unbelievable power to operate with the Governmentâ€™s approval?
To answer all of these questions, we need to put on our winter coats and step back in time to a New Jersey train platform on a cold wintery night in November 1910â€¦
US-China relations charted and ready for elections.
Mtl JP 22:03:59 GMT - 01/22/2011
dc CB 18:07 - probably not, agreed. Does it matter ? Only if you let some sence of morality or social justice outrage creep into your equation. It is dangerous to be right in matters on which the established authorities are wrong. ~Voltaire
JPM's Christopher Paton qualifies foodstamps as "a very important business to JPM". It is doing well apparently: the number of Americans on food stamps rose to 44 million from 26 million in just 2007. JPM has every incentive to put 95% of Americans on them; that leaves one a choice: to ride the bandwaggon or not.
dc CB 20:41:25 GMT - 01/22/2011
Current issue of The Economist magazine
dc CB 20:32:03 GMT - 01/22/2011
dc CB 18:07:14 GMT - 01/22/2011
Mtl JP 20:06 GMT January 21, 2011
nearing US elections year: Reply
CB... those are rather harsh words of association.
JP, this is what we'll never see....
Icelandâ€™s special prosecutor into the banking crisis has confirmed that raids have taken place today and that arrests have been made. The Central Bank of Iceland is among the institutions under investigation.
Special Prosecutor, Olafur Thor Hauksson told Visir.is that house searches are taking place in at least three places today as part of investigations into the central bank, MP Bank and Straumur Bank.
Benny and Timmy are acting on behalf of goverment but killing people over a spill of coffee is quite harsh punishment. so...
Mtl JP 20:26:18 GMT - 01/21/2011
dc CB - the mobsters are from the old school of dockside justice. their type of operation is out , dated. It appears that they did not even know / realize they could be wiretapped.
the modern-way leverages politics, state power and lawyer obfuscation.
times have changed for a while now.
dc CB 20:14:48 GMT - 01/21/2011
MP...One of the questions was: "how much money do you have on you"
you see, if you were flying, they'd run you thu a scanner and the $50grand you had tucked in that moneybelt .......
I contend all the searching is about stopping movement of cash. If you can't afford a private jet...of course.
on the other, yes I know it seems harsh, but when that Mob bust was all over the news yesterday, I couldn't help but wonder where are the WallStreet indictments....and not the little hedge fund guys for insider trading...they did that... Where are the ones for mortgage security Fraud.
dc CB 20:07:49 GMT - 01/21/2011
back from the brink. the main focus today of the World's Biggest Hedge fund.
ps. O has gone total Corporate. with Daily as Chief of Staff and Immelt as Volker's replacement, there will be no further inquiry into wtf happened in 2008 and def no (god strike you dead for having the thought) indictments of any top dogs at Lehman, Bank America, Goldman, JPM, Morgan, Merrill. After all no one could have forseen, no one is responsible. parteeee on
Mtl JP 20:06:54 GMT - 01/21/2011
CB... those are rather harsh words of association.
difference is you and I can still try to make profits off Ben, albeit not rsik-free.
sidenote and just fyi & fwiw: yesty I was coming back from the US into Canada at a land customs border crossing. I was struck that I was funneled to go through an exit control station LEAVING the US. One of the questions was: "how much money do you have on you"
smelled of former soviet union exit controls: crash barriers, gates, cameras and one gov't-issue costumed and armed guard on either side of the vehicule.
dc CB 19:51:23 GMT - 01/21/2011
The Mob, The Bernank and The Underfunded SEC
Yesterday, in the biggest one day bust in US history, the Feds decided to get aggressive on crime and arrested 127 suspected mobsters. Included in the bust were reputed Colombo capo Anthony â€śHootieâ€ť Russo, who is charged with the 1993 gangland killing of then-underboss Joseph Scopo during the crime familyâ€™s civil war. Also busted was Luigi â€śBaby Shacksâ€ť Manocchio, 83, suspected former boss in the New England mob. Members of all five New York crime families were arrested............................ Many of the arrests were for racketeering, extortion, loan-sharking, money laundering and gambling. Now these crimes sound a lot like what that other family based in Washington DC and headed by Benny â€śThe Bernankâ€ť Bernanke and Timmy â€śTurboTaxâ€ť Geithner have been getting away with for the past few years. Maybe weâ€™ll see them named in the next indictment.
Israel dil 19:36:10 GMT - 01/21/2011
25th January has State of the Union show, I feels something brewing, when it will get ready to serve as USD rise? I have no idea, yet.
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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