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Thursday, March 28, 2024

Frontrunning: November 10

Courtesy of Tyler Durden

  • SAC said to tell clients a review found no suspicious trading (Bloomberg)
  • John Crudele destroys the fabricated data coming out of the BLS: real unemployment at 22% (Post)
  • The Mishkin galatic stupidity trifecta:
    • After destroying Iceland, finance “guru” Fred Mishkin says asset bubbles are a good thing (FT) – Where does the Fed find these sociopaths?
    • And even more toxic filth out of the Iceland destructor: The Fed is Already Transparent (WSJ)
    • As a reminder, Fred Mishkin, was left the Fed in disgrace in 2008, has credibility boredring on negative infinity (Zero Hedge)
  • Charlie Gasparino on mollusks and purported credibility: Goldman Sachs doing god’s work (HuffPo)
  • Hedge funds are ready for new boom in start-ups (Bloomberg)
  • Russia central bank continues anti-ruble interventions (FT)
  • Keynes, Friedman give way to the master of gloom (Bloomberg)
  • Don’t buy Treasuries says Willem Buiter: Fed to raise rates (Bloomberg) – sure…in 2049
  • The country that is supposed to lead Europe out of the recession not doing too hot: German investor confidence drops on weaker outlook (Bloomberg)
  • Talk about mismarking: even with the CDS market ripping tighter, MBIA reports over $700 million CDS loss in Q3 (Bloomberg)
  • Barclays net drops 54% in impairment charges: not even getting Lehman assets for a penny can save the firm anymore (WSJ)
  • Cause who needs loans when you have a bubble: AIG Consumer Lender group shuts down 25 branches, fires 300 people (Bloomberg)

 

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