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)