Thursday, December 30, 2010

Part B...big stories of the day:

 

Gold 2011: "Old Normal" Returns




End Game: The Euro As a Concept Is Finished



2011 Year End Gold At $1,630...Sub $1,000... Or Entering A Diamond Top?

 

Chicago PMI Surges To 68.6 On Expectations Of 62.5, Highest Since July 1988

 

John Taylor Explains Why Off-The-Charts 2011 GDP Estimates Are Irrelevant, And Why Defaults Will Be Pervasive

 

Initial Claims Print At 388K, Far Lower Than Expectations Of 418K, Non-Seasonally Adjusted Claims Jump To 521K

 

Frontrunning: December 30

Submitted by Tyler Durden on 12/30/2010 08:20 -0500
  • China Manufacturing Growth Slows as Policy Tightened (Bloomberg)
  • Why I Don't Believe In This Santa Rally (WSJ)
  • Who Is Ron Paul? (National Review)
  • A True 'Japan Inc.' Could be on the Way (WSJ)
  • Forecasters Warn UK Jobless Rate Set to Nudge 9% “ (FT)
  • Three Hedge Funds Got Inside Data From Consultant, U.S. Says (Bloomberg)
  • China To Enhance Regulating Property Market in 2011 (China Daily)
  • BP Facing New Legal Threat Over Gulf Spill (Independent)


One Minute News Summary

 

Today's Economic Events

 

Bailed Out Banks on Brink of Bankruptcy — Again



Borrow Like There's No Tomorrow 



The Debt Countdown Begins 




Rosenberg: Housing Double-Dip Straight Ahead



After Holiday Spree, Doubts About Economy Linger   



Two Charts Which Tell The Whole Story 



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