Mediocrity and the civil service in China »

Some interesting stuff from Stephen Green, Wei Li and Lan Shen at Standard Chartered: Government officials get paid a lot more than their official wages. We knew of course that officials get all shapes and sizes of non-wage benefits (such as food vouchers,…

Jun 19 2013 / Read More »

"Fed In A Box" - Vince Reinhart's FOMC Probability Matrix »

Since the only topic on everyone's mind until 1:59:59:9999 pm today (excluding those who have been leaked the FOMC decision in advance of course) will be what the Fed will do, here are some additional perspectives from former FOMC secretary and economist…

Jun 19 2013 / Read More »

Hedge Fund Managers Didn’t Know They Were Paying For Their Inside Information »

You’re only guilty of criminal insider trading, in America,1 if: you trade on information that is material and nonpublic, and some…

Jun 19 2013 / Read More »

Bankers: Do not Pass GO, Do Not Collect millions and Go Directly to Jail! »

Follow ZeroHedge in Real time on FinancialJuice A new banking report is published today in the UK. There are jobs that nobody wants…

Jun 19 2013 / Read More »

10 Mid-Week AM Reads »

My morning reads: • How to Understand What the Fed Says (Bloomberg) see also 5 Ideas to Help You Read Bernanke’s Mind (Fiscal Times)…

Jun 19 2013 / Read More »

Guest Post: The Bloom Has Fallen Off The Brazilian Rose »

Submitted by Lucas Jackson, “Don’t cry because it’s over.  Smile because it happened.” -Dr. Seuss There have been a number of things…

Jun 19 2013 / Read More »
HotForex 50% Bonus

China Snugs, Signals Banks Should Get Used to It »

While all eyes are on the Federal Reserve today as the market awaits clues into when the central bank will begin slowing its liquidity provisions, China's central bank continues its own snugging operation, keeping the money market rates at lofty levels. Rather than inject liquidity…

Jun 19 2013 / Read More »

There Will Be No More Of This ‘Without Admitting Or Denying Guilt’ Business On New SEC Chief’s Watch »

Well, technically there’ll be some, but a lot fewer instances than in the past. Don’t do the crime if you can’t do the can’t do the time and admit publicly to [circle all that apply] insider trading/running a fake hedge fund/blowing investor money at T.G.I. Friday’s. U.S. securities…

Jun 19 2013 / Read More »

"A Classic Minsky Trap Appears To Have Developed" »

From Guy Haselmann of ScotiaBank Data show quantitative easing (QE) is having ever-diminishing economic benefits while the risks to financial stability accumulate the longer the program endures. Inevitably, there is a point in time when the costs outweigh the benefits. Determining…

Jun 19 2013 / Read More »

Obama Addresses Germany: Ich Bin Ein Berlistener - Live Webcast »

Almost 50 years ago, JFK immortalized the donut with his comment "Ich bin ein Berliner," with pressure from Merkel to come clean on the NSA's efforts, we wonder if the current US President will admit,…

Jun 19 2013 / Read More »
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Whah Whah Whah! Fed Isn't In Charge?

This is amusing....In an interview with Charlie Rose that aired Monday, Obama said, "Well, I think Ben Bernanke's done an outstanding job. Ben Bernanke's a little bit like Bob Mueller, the head of the…

Jun 19 2013 / Read More »

Frontrunning: June 19

China cash crunch deepens as PBOC withholds funding (FT), just a week behind ZH Platts in hot manipulated crude again: Traders Try to Game Platts Oil-Price Benchmarks (WSJ) Kabul Suspends Security Talks…

Jun 19 2013 / Read More »

Further reading

Elsewhere on Wednesday, - The bizarre border between the US and Canada. - The great Canadian sperm shortage. - Rates and bubblenomics. Continue reading: Further reading

Jun 19 2013 / Read More »
How the U.S. is headed for a complete societal collapse! The most important film of all time!

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